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’
Read More >>

🏦 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
Read More >>

💳 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
Read More >>

🔍 Rating / Research

📝  ED's searches at corporates may tarnish business prospects, constrict funding access: Fitch
📝  Paytm risk-reward ratio favourable: Analysts
Read More >>

🗎 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
Read More >>

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
Read More >>

🗠 Bourses

📝  Sebi allows direct mkt access facility to FPIs for participating in exchange traded commodity derivatives
Read More >>

Crypto

📝  Grayscale Investments to launch crypto ETFs based on SEC’s approval
Read More >>

🗠 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
Read More >>

🗎 Govt. Securities / Bonds

📝  Bond yields flattish ahead of April US inflation data
Read More >>

✈ International

📝  Fed gets room to hold rates in June amid signs inflation cooling
Read More >>


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