Top Indian Banking Industry News & Updates - 30 Jun 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Will stick to tighter norms for financial companies: RBI
📝  10% retail borrowers missing their monthly payments: RBI
📝  Global macro, fin mkt risk perceptions receding: RBI
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🏦 PSB / Pvt Banks

📝  Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits
📝  ICICI Bank approves ICICI Securities delisting, swap ratio at 67 for 100
📝  DCB Bank fixed deposits: Senior citizens can earn up to 8.5% interest rate on these FD tenures
📝  Jana SFB raises ₹560-cr capital at discount to earlier rounds
📝  Reimagining the Customer Experience in Banking
📝  Share of large borrowers in gross advances declines for the third successive year
📝  Public sector banks hold more fully-insured deposits than private sector banks
📝  Customers face brunt of new bank locker rule
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🏠 Housing Finance

📝  A captain’s knock: Deepak Parekh to chair HDFC’s last board meeting today
📝  Banking on a legacy: HDFC launches HT Parekh Legacy Centre
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🏦 Development Banks

📝  MSME sector has bounced back, repayments normal: Sidbi CMD Ramann
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💳 ATMs / Credit Cards

📝  Impairments in credit card receivables up in FY23
📝  20 per cent TCS to apply on pre-paid forex cards beyond Rs 7 lakh from October 1
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🔍 Rating / Research

📝  Boom in risky loans may spur curbs on unsecured lending
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🗎 NBFCs / FIs / MFI

📝  Hinduja Group firm receives RCAP lenders' support in round 2
📝  Lenders said to have approved Hinduja offer for Reliance Capital, could recover over Rs 10k-cr
📝  CreditAccess to sell ₹1.1k cr stake in MFI
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UPIs / Wallet / FinTech

📝  Fintechs seek first loss default guarantee cover for co-lending deals
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🧔 Brokers / Distributors

📝  VCs also to blame for governance issues, says Zerodha CEO
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🗠 Bourses

📝  The birth of ‘Sensex’, and its 37-year journey to 64,000 points
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Crypto

📝  Canadian Legislators to promote cryptocurrency and blockchain
📝  Germany to reject Binance’s bid for a cryptocurrency licence – source
📝  About $7.8 billion cryptocurrency were lost in 2022: Reports
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🗠 Mutual Funds / AMCs

📝  Sundaram Alternates launches Rs 1,500 cr realty private credit fund
📝  Sebi sees no need to give more time to mutual funds for realigning portfolios in merger-bound HDFC twins
📝  Sebi notifies rules allowing PE funds to sponsor mutual fund houses
📝  D-St hits fresh highs driven by strong FPI buying activity
📝  To charge or to keep free, direct mutual fund players fret over this core question
📝  This CIO who manages over $100 mn AUM sees recovery in rural demand over next 1-2 years
📝  MF industry heaves a sigh of relief as SEBI puts off decision on TER cut
📝   LIC Mutual Fund: Company expects big business from this segment of India
📝  ‘Believe risk-reward has turned favourable’
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Tata Equity P/E Fund completes 19 years; offers 17% since inception
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🗎 Govt. Securities / Bonds

📝  'States' additional borrowings unlikely to hit yields on government securities'
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✈ International

📝  Morgan Stanley board considers next CEO while James Gorman clears the decks
Read More >>


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