Top Indian Banking Industry News & Updates - 11 May 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 Focus is on strengthening financial institutions: Patra
📝 AIBEA to launch ‘Bank Clinic’ to help retail customers with grievance redress
📝 FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers
📝 Deutsche Bank report. RBI likely to maintain an extended pause, cut the repo rate by 100 bps in 2024
📝 ‘Quiet transformation’ in services exports supporting rupee: Patra
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🏦 PSB / Pvt Banks
📝 ‘Looking at listing flagship subsidiaries next fiscal’: MD & CEO K Satyanarayana Raju, Canara Bank
📝 India's bad loan firms call for rule change to boost market
📝 Bank of Baroda launches electronic bank guarantee on its digital platform
📝 Canara Bank to spin off its credit card vertical into a separate subsidiary
📝 Digital transactions on the rise, but banks 'branch out' to drive growth
📝 Up to 8% FD interest rate: 4 banks offer highest interest rates on 2-year FDs
📝 ‘Union Bank aims to be third-largest PSB by 2025’
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🏦 Foreign Banks / FIIs / I-Banks
📝 Why are DIIs and FIIs buying in India? Saurabh Mukherjea on what changed in market in one month
📝 MS flags new RBI loan rule provision
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💳 ATMs / Credit Cards
📝 RuPay Credit Card on UPI is now available for Axis Bank customers
📝 Forex cards, travel cards fee should be settled in rupees, not in foreign currencies: RBI
📝 Citigroup plans new credit card for use with multiple retailers
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🔍 Rating / Research
📝 ED's searches at corporates may tarnish business prospects, constrict funding access: Fitch
📝 Paytm risk-reward ratio favourable: Analysts
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🗎 NBFCs / FIs / MFI
📝 Bajaj Finance hikes FD Rates, offers 8.6% to seniors
📝 McLeod Russel-IL&FS out-of-court settlement may lead to 60pc recovery
📝 NBFC Profectus Capital gets RBI’ nod to provide factoring services to MSMEs
📝 Senior Citizen Fixed Deposit interest rate increased to 8.6% by Bajaj Finance; check details
📝 Mirae Asset Financial Services inks pact with FundsIndia
📝 Sitharaman leaves for Japan to take part in G7 Finance Ministers’ meeting
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UPIs / Wallet / FinTech
📝 Paytm Payments Bank introduces game-changing features for UPI payments and split bills, check details
📝 UPI123Pay for feature phone users: Tata Capital launches new payment facility, how to use
📝 Saas platform OTPless hires BharatPe's Anubhav Mathur, other key executives
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🗠 Bourses
📝 Sebi allows direct mkt access facility to FPIs for participating in exchange traded commodity derivatives
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Crypto
📝 Grayscale Investments to launch crypto ETFs based on SEC’s approval
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🗠 Mutual Funds / AMCs
📝 Gross monthly inflow through SIP may touch ₹18,000 cr by end-FY24
📝 Best small cap mutual funds to invest in 2023
📝 Sebi moots higher threshold for investment in AIFs
📝 Sebi grants final approval for proposed change in control of HDFC AMC, says HDFC Bank
📝 Whistle-blower seeks Rs 56 crore in compensation from Invesco
📝 All multi-cap mutual funds beat bank fixed deposits in 1 year! Check Top 10 schemes
📝 Some mutual fund houses cut down expense ratio on Nifty 50 ETFs to benefit passive investors
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🗎 Govt. Securities / Bonds
📝 Bond yields flattish ahead of April US inflation data
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✈ International
📝 Fed gets room to hold rates in June amid signs inflation cooling
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