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
Read More >>

🏦 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
Read More >>

🏦 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
Read More >>

💳 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
Read More >>

🔍 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
Read More >>

🗎 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
Read More >>

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?
Read More >>

🧔 Brokers / Distributors

📝  ICICI Securities shares soar over 11% as parent considers delisting
Read More >>

🗠 Bourses

📝  Sebi introduces ASBA-like facility for secondary market trading
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 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
Read More >>

✈ 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
Read More >>


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