Top Indian Banking Industry News & Updates - 29 Jun 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  Indian banking system well capitalised, capable of absorbing macroeconomic shocks: RBI
📝  Major clearing houses also pass the stress tests: RBI
📝  Severe natural calamities can lead to higher bad loans: RBI
📝  Banks’ bad loans at 10-year low, resilient to shocks: RBI
📝  High inflation, rise in borrowing costs dent household financials
📝  RBI’s liquidity management dilemma
📝   ‘Economy remains resilient on back of healthy banking system’
📝  Banking system resilient, bad loans fall to decade low of 3.9%: RBI report
📝  Economy made solid recovery despite global turmoil: Das
Read More >>

🏦 PSB / Pvt Banks

📝  Kotak Mahindra Bank customers can now use RuPay credit cards on UPI
📝  Bandhan Bank triples number of branches to 1,500 in less than 8 years
📝  Krishan Sharma takes over as CGM at SBI Bengaluru circle
📝  New small savings scheme for women draws over a million depositors
📝  South Indian Bank signs MoU with M&M for dealer financing
📝  HDFC and HDFC Bank merger: What to expect
📝  Indian Bank targets doubling business correspondent outlets to 20,000 in 2 years
📝  Retail loan growth key for re-rating of PSB stocks, says Bank of Baroda’s CEO Sanjiv Chadha
📝  SBI special FD schemes with high returns ending soon, check details
Read More >>

🏠 Housing Finance

📝  HDFC, Tomorrow Capital makes strategic investment in Bonito Designs
📝  HDFC further buys 0.7% stake in HDFC Life taking it to over 50% in insurer
📝  How HDFC, HDFC bank merger will affect home loans
📝  HDFC-HDFC Bank merger: The story behind success of housing finance behemoth
Read More >>

💳 ATMs / Credit Cards

📝  Using your credit card abroad to not attract TCS anymore
📝  Credit card NPAs for state-run banks zoom to 18 pc at FY23-end: RBI
📝  No tax collection at source on overseas credit card spends
Read More >>

🔍 Rating / Research

📝   India’s average growth rate likely to be 6.7% till FY27: S&P
📝  As competition from banks ease, are gold loan NBFCs poised for re-rating?
Read More >>

🗎 NBFCs / FIs / MFI

📝  Bajaj Finance to finance BYD India customers and dealers
📝  Liquidity risk bigger for NBFCs than asset quality, capital: RBI FSR
Read More >>

UPIs / Wallet / FinTech

📝  India’s UPI is an exemplar for the world: Eswar Prasad
📝  Protean eGov and NPCI Bharat BillPay partner to offer decentralised settlement system on ONDC
Read More >>

Crypto

📝  Creating framework for unbacked Crypto assets' regulation a priority: RBI
📝  CoinShares says ‘Financial institutions are accepting cryptocurrency’
📝  Crypto laws needed to secure UK’s position as global leader
📝  CoinDCX unveils VIP initiative for premium users
📝  Bitcoin holds above $30,400; Polygon, Avalanche fall over 2%
📝  Crypto exchange KuCoin to make KYC compulsory for all users from July 15
Read More >>

🗠 Mutual Funds / AMCs

📝  Sundaram Alternates plans to raise up to Rs 1,500 cr through realty private credit fund
📝  Unlocking investment mantra - This CIO shares BMV Framework for effective stock picking
📝  Bajaj Finserv AMC launches liquid fund, overnight fund
📝  Quant Mutual Fund launches Quant Healthcare Fund
📝  DSP Mutual Fund files draft for Multicap Fund
📝  Aditya Birla AMC mops up ₹893 cr via close-ended services fund
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Private equity funding in realty sector declined 20 per cent in January-June to $2.58 billion: Knight Frank
📝  PE investors keep faith in Indian realty despite global headwinds
📝  Equity investors become richer by Rs 3.43 lakh crore in two days of market rally
Read More >>

🗎 Govt. Securities / Bonds

📝  SAT stays Sebi's order restraining IIFL Securities from taking new clients
📝  Dividend yield funds offer double-digit returns in all key horizons
Read More >>

✈ International

📝  Euro zone banks reporting rising arrears: ECB
📝  Powell signals Fed open to two straight hikes at coming meetings
📝  UST teams up with Bank for International Settlements, Bank of England on digital currency project
Read More >>


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