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
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🗎 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?
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🧔 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
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🗠 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
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