Top Indian Banking Industry News & Updates - 27 Jun 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 RBI announces portfolios for deputy governors
📝 RBI in talks with leading global peers to promote digital rupee payments
📝 'We are Advocating More Collaborative Mix of Fiscal and Monetary Policies'
📝 RBI's rate-setting panel member cautions against frequent tweaks in policy
📝 Challenging time. Banks struggle with tracking tax collected at source on remittances ahead of July 1 roll out
📝 Dialogue with govt does not mean compromising central bank autonomy: RBI Guv
📝 RBI finalises norms for banks to hold capital for operational risks
📝 RBI to engage external managers for very small part of FX reserves: Das
📝 RBI imposes monetary penalty on all four credit info firms
📝 RBI experimenting with asset managers to deploy forex reserves
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🏦 PSB / Pvt Banks
📝 City Union Bank plans to raise up to Rs 500 cr via QIP
📝 Banks told to push foreign trade in Rupee
📝 Axis Bank to grow up to 6 per cent faster than the industry in medium to long term: CEO Amitabh Chaudhry
📝 Bank of India looks to sell Rs 670-crore loans of KSK Mahanadi Power
📝 Account aggregator ecosystem needs fine-tuning: Sameer Shetty
📝 PSBs expand agriculture gold loan portfolio for easy assessment and recovery
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🏦 Foreign Banks / FIIs / I-Banks
📝 RBI slaps penalties on Standard Chartered Bank-India, other entities
📝 DBS Bank India appoints Rajat Verma as Managing Director
📝 StanChart, Deutsche lead arrangers for Shapoorji Group co's Rs 14,300-crore bonds
📝 National consumer commission imposes Rs 15 lakh fine on HSBC for negligence
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💳 ATMs / Credit Cards
📝 White-label ATMs see red in under a decade
📝 Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time
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🔍 Rating / Research
📝 RBI may cut rates in early 2024 as inflation eases: S&P Global Ratings
📝 Ind-AS implementation to remain big challenge for banks
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🗎 NBFCs / FIs / MFI
📝 PFS appoints Mahendra Lodha as CFO
📝 IRFC and IDFC First seal debt raise deals
📝 View: Finance for Bharat, empowering people & businesses at the grassroots level via lending
📝 Kerala Finance Corporation declares ₹21-crore dividend
📝 L&T Finance may sell its wholesale book to banks, NBFCs: Report
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UPIs / Wallet / FinTech
📝 First Government bank to allow UPI payments through credit cards – Details here
📝 PB Fintech shares soar 7%, scale fresh 52-week highs; here’s why
📝 Paytm's new feature lets users to pin their favourite repeat payments for faster UPI transactions; how to use it?
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🧔 Brokers / Distributors
📝 ICICI Securities shares soar over 11% as parent considers delisting
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🗠 Bourses
📝 Sebi introduces ASBA-like facility for secondary market trading
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Crypto
📝 Bitcoin holds above $30,200; Cardano, Litecoin tank over 3%
📝 Metaverse-based AvatarLife clocks $1.5 million through seed funding
📝 Mudrex unveils SatoshiGPT to provide cryptocurrency education
📝 Cleartax to provide crypto taxation facilities for users
📝 Crypto feeds on AI hype as tech offers new uses for blockchain
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🗠 Mutual Funds / AMCs
📝 Sebi likely to clear overhaul of MF fees, stricter conduct code
📝 Tata MF to stop accepting lump-sum investment in small-cap fund
📝 Asset base of passive funds tracking Nifty indices reaches Rs 7 lakh crore mark in May
📝 Aditya Birla Sun Life mutual Fund merges ABSL International Equity Fund and ABSL Commodity Equities Fund - Global Agri Plan
📝 HDFC Mid-Cap Opportunities Fund completes 16 years; offers 16% since inception
📝 Tata Mutual Fund suspends fresh inflows into Tata small-cap fund
📝 SEBI board likely to discuss FPI disclosure norms, MF total expense ratio
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Sebi releases compliance rules for REITs, InvITs
📝 SBI Caps to open Abu Dhabi office on 3 July
📝 VC firm Arkam Ventures launches Fund II of $180 million
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🗎 Govt. Securities / Bonds
📝 Rise in local bond yields pushes up forward premia
📝 Banks’ bond issues picking up pace on strong demand, rate uncertainty
📝 In high-yield battle, India may beat Indonesia as top Asia trade
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✈ International
📝 Infosys enters into strategic partnership with Danske Bank
📝 Pakistan cenbank raises key policy rate by 100 bps to 22%
📝 Deutsche Bank tells investors some of their Russian shares are missing
📝 Goldman Sachs letting go of 125 managing directors globally
📝 Sterling strengthens, BOE large rate hike looms large
📝 BIS warns world economy at critical juncture in inflation fight
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