Top Indian Banking Industry News & Updates - 28 Jun 2023,Wednesday

🗎 RBI / MoF / Govt. Policies

📝  RBI relaxes restrictions on HDFC Credila regarding on-boarding of new customers
📝  Finance ministry opts to simplify Insurance Act first; industry awaits reforms
📝  No G-Secs, forex, money market transactions on June 29: RBI
📝  RBI Deputy Governor Swaminathan to oversee six departments, including Supervision and Inspection
📝  RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift
📝  The new world of public interest directors
📝  RBI imposes Rs 26 lakh penalty on TransUnion Cibil
📝  Current account deficit narrows to 0.2% of GDP in Q4FY23, shows RBI data
Read More >>

🏦 PSB / Pvt Banks

📝  SBI Amrit Kalash vs SBI Sarvottam vs SBI Wecare: FD interest rates, tenure, eligibility
📝  HDFC-HDFC bank merger likely to be effective July 1
📝  Ahead of merger, HDFC opens legacy centre on founder HT Parekh
📝  SBI to acquire 20 pc stake of SBI Caps in SBI Pension
📝  HDFC Bank’s $173 billion merger with its parent creates a ‘lucrative’ arbitrage trade in India
📝  Banks tread with caution on fraud case settlements
📝  HDFC-HDFC Bank merger: What will change for HDFC home loan borrowers? Will home loan interest rates go down?
📝  Rise in interest rates revealed hidden stresses in parts of banking sector: Tata Group Chairman
📝  IT inspects Tamilnad Mercantile Bank head office at Tuticorin
📝  Currently evaluating green deposits: Kotak Mahindra Bank’s consumer banking head Virat Diwanji
📝  Bank of India launches “Centralised Pool Buy-Out and Co-Lending Cell” to boost priority sector lending
📝  Union Bank puts Visa Steel's debt on sale at lower price
📝  HDFC, HDFC Bank shares climb
📝  Adding new branches: Private banks ahead of PSBs
📝  Income Tax Dept conducts raids at Tamilnad Mercantile Bank headquarters
📝  ICICI Bank to consider delisting shares of ICICI Securities
📝  Federal Bank halts sale of NBFC, seen fetching ₹2,000 cr
📝  SBI starts outsourcing to wholly owned operations support
📝  Damani, Kacholia & Others Invest ₹560 cr in Jana Bank
Read More >>

🏦 Co-operative Banks / RRBs

📝  RBI cancels Mahalaxmi Cooperative Bank Dharwad’s banking licence, allows to operate as NBFC
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  People see opportunity when they look at India, says Goldman Sachs CEO David Solomon
📝  SP Group entity raises ₹14,300 cr in largest issue from a low-rated paper
📝  Europe’s interest rates to stay high as long as needed to defeat inflation, says European Central Bank chief
Read More >>

🏠 Housing Finance

📝  8 Smart Ways to Reduce Your Home Loan EMI
📝  HDFC Buys HDFC Life Shares Worth Over ₹992 cr
Read More >>

🏦 Development Banks

📝  Sidbi's net income jumps 71 pc to Rs 3,344 crore in FY23
Read More >>

💳 ATMs / Credit Cards

📝  White-label ATMs see red in under a decade
📝  RuPay cardholders will be able to access airport lounges in major cities
📝  Banks seek clarification from govt before TCS on credit cards kicks in
📝  Almost 70,000 applications filed by MSMEs under Bengal's Bhavishyat Credit Card scheme
Read More >>

🔍 Rating / Research

📝  S&P raises assessment of Indian banking sector on
Read More >>

🗎 NBFCs / FIs / MFI

📝  Mufin Green partners with SIDBI to enhance EV financing
📝  AB Capital to Raise up to ₹1,750 cr via QIP
📝  Equitas SFB may trip over elevated costs on the path to growth
Read More >>

UPIs / Wallet / FinTech

📝  Bonds are great alternative to FDs, debt funds: Paytm Money CEO Varun Sridhar
Read More >>

🧔 Brokers / Distributors

📝  SAT stays Sebi order against IIFL Securities
Read More >>

🗠 Bourses

📝  NSE scraps plan to shift Nifty Bank F&O expiry to Friday
Read More >>

Crypto

📝  Bitcoin holds above $30,300; Tron, Litecoin surge up to 2%
📝  Ratan Tata dispells rumours, says no link with crypto of any form
📝  37% of Indian respondents consider cryptocurrencies as “future of money:” Survey
📝  HSBC offers trading in crypto ETFs to customers in Hong Kong
Read More >>

🗠 Mutual Funds / AMCs

📝  Kotak Strategic Situations India Fund II Invests INR 450 cr to aid Viney Corpn. and its promoter
📝  Tata Mutual Fund suspends lumpsum flows into small cap scheme
📝  Axis Mutual Fund launches Axis Nifty IT Index Fund
📝  There is still a lot of value lying in insurance stocks: Santosh Kumar Singh
Read More >>

🗎 Govt. Securities / Bonds

📝  IDFC FIRST Bank raises Rs 1,500 cr in domestic bond markets
📝  Banks’ bond issues pick up pace on strong demand, rate uncertainty
📝  PNB raises Rs 3,090 cr via tier-II bonds & SIDBI Rs 3,000 cr
📝  Indian bond yields to eye demand at state debt auction for cues
Read More >>

✈ International

📝  UBS to announce changes to next management level soon: CEO
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710