Top Indian Banking Industry News & Updates - 26 Jun 2023,Monday

🗎 RBI / MoF / Govt. Policies

📝  Will strive to get CPI down to 4 pc; El Nino a challenge for food inflation: Das
📝  More than two-thirds of Rs 2,000 notes returned within a month of withdrawal: Das
📝  Bank loans to NBFCs under RBI scanner
📝  The ongoing ‘retail-shift’ by banks may not be structural: RBI Bulletin
📝  Price stability crucial for high sustainable growth: RBI
📝  TReDS platforms enter discussions with insurers post RBI nod
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🏦 PSB / Pvt Banks

📝  UCO Bank organises mega MSME meet in Bengaluru
📝  Banks may give up rights to revive housing projects
📝  14 states achieve less than 75% of capex targets in FY23: BoB report
📝  Banks may finance Go First's request for Rs 400 crore interim funding
📝  SBI to revamp Wealth Management biz, rope in consultant to firm up roadmap
📝  Want to be mid-sized bank with pan-India presence by 2030: CSB Bank chief
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🏦 Co-operative Banks / RRBs

📝  Warangal Urban Coop. Bank achieves good profit: Chairman
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🏦 Foreign Banks / FIIs / I-Banks

📝  Don’t see any rate cuts till FY25; No slowdown for now
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💳 ATMs / Credit Cards

📝  Credit card dues cross Rs 2 lakh crore for the first time
📝  After April’s fall, credit card spends hit a high of ₹1.4 lakh cr in May
Read More >>

🗎 NBFCs / FIs / MFI

📝  Microfinance sector in India: Back to growth – A fundamental analysis
📝  REC Ltd to extend financial assistance of Rs 3,045 crore to Bangalore Metro Rail Corporation
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UPIs / Wallet / FinTech

📝  Paytm can add 15 mn new customers for soundbox devices in next 2-3 years
📝  Empowering a generation: How investment apps revolutionised millennial finance?
Read More >>

🧔 Brokers / Distributors

📝   ICICI Securities board to consider delisting on June 29
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Crypto

📝  Stricter advertising rules for cryptocurrencies in UK: Crypto airdrops and free NFTs banned
Read More >>

🗠 Mutual Funds / AMCs

📝  Sebi likely to clear overhaul of MF fees, stricter conduct code
📝  Equity mutual fund inflows jumps to a 12-month high in March 2023 showing continued resilience of investors
Read More >>


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