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
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🏦 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
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🏠 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
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💳 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
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🔍 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?
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🗎 NBFCs / FIs / MFI
📝 Bajaj Finance to finance BYD India customers and dealers
📝 Liquidity risk bigger for NBFCs than asset quality, capital: RBI FSR
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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
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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
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🗠 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
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🗎 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
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🗎 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
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✈ 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
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