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
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🏦 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
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🏦 Co-operative Banks / RRBs
📝 RBI cancels Mahalaxmi Cooperative Bank Dharwad’s banking licence, allows to operate as NBFC
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🏦 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
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🏠 Housing Finance
📝 8 Smart Ways to Reduce Your Home Loan EMI
📝 HDFC Buys HDFC Life Shares Worth Over ₹992 cr
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🏦 Development Banks
📝 Sidbi's net income jumps 71 pc to Rs 3,344 crore in FY23
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💳 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
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🔍 Rating / Research
📝 S&P raises assessment of Indian banking sector on
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🗎 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
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UPIs / Wallet / FinTech
📝 Bonds are great alternative to FDs, debt funds: Paytm Money CEO Varun Sridhar
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🧔 Brokers / Distributors
📝 SAT stays Sebi order against IIFL Securities
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🗠 Bourses
📝 NSE scraps plan to shift Nifty Bank F&O expiry to Friday
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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
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🗠 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
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🗎 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
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✈ International
📝 UBS to announce changes to next management level soon: CEO
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