Top Indian Banking Industry News & Updates - 22 May 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI quizzes banks on business models
📝 Rush to change Rs 2,000 notes spills on to many routes
📝 Withdrawal of ₹2,000 notes: Banks plans to step up vigil on Jan Dhan Yojana accounts
📝 Monetary tightening behind us; liquidity to remain key focus for RBI
📝 Return of ₹2,000 notes to bolster bank coffers, money market liquidity, says research report
📝 RBI governor to address board members of PSU banks on governance and ethics on Monday
📝 Demonetization of Rs 2000 notes evokes reactions
📝 RBI launches campaign for unclaimed deposits in banks: All you need to know
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🏦 PSB / Pvt Banks
📝 Federal Bank eyes up to $486 million fundraising
📝 SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23
📝 Public sector banks' total profit crosses ₹1 lakh-cr mark in FY23
📝 SBI Rs 2000 note exchange rule: Will you need to fill out a form? State Bank of India clarifies
📝 SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes
📝 We are in for a bit of a long pause on rate hike front: Axis Bank MD
📝 Double-digit rise in top banks’ loans
📝 12 PSBs cross ₹1 lakh crore profit mark in 2022-23 aided by lower credit cost, strong recoveries
📝 Online PSB Loans: A digital platform for all your lending requirements
📝 KVG Bank achieves impressive growth in FY23, introduces innovative recovery strategies
📝 BankEdge Academy aims to place 30,000 students in 3 years
📝 Unity SFB: An uncommon communion with an unusual task
📝 Bankers prepare for a rush of Rs 2000 notes
📝 Indian Bank eyes sevenfold growth in digital journey in FY24
📝 PNB chief: Don't expect rush of Rs 2,000 notes, slide in deposit rates
📝 ICICI Bank revises bulk FD rates effective from today, promising up to 7.25% on these tenures
📝 Punjab National Bank net profit grows multifold to Rs 1,864 crore in March quarter
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🏦 Foreign Banks / FIIs / I-Banks
📝 `There's optimism in the country and it is seeping through the system', HSBC India's chief Executive officer Hitendra Dave
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🏠 Housing Finance
📝 Current focus on retail segment: PNB Housing MD
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💳 ATMs / Credit Cards
📝 No extra cost to reconfigure ATMs
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🗎 NBFCs / FIs / MFI
📝 IIFL partners Yobee to launch Tradebox for investors
📝 L&T Finance to expand SME finance business
📝 Shriram Fin may offer loans for upskilling courses
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UPIs / Wallet / FinTech
📝 A marriage of convenience between banks and fintechs
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Crypto
📝 How a simple purchase catalyzed the global adoption of cryptocurrencies
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🗠 Mutual Funds / AMCs
📝 AMCs see Rs 1,400-crore hit from proposal for uniform investor fee
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Blackstone acquires International Gemological Institute at enterprise value of USD 525 million
📝 FPIs bring in Rs 30,945 crore in May on strong economic fundamentals
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🗎 Govt. Securities / Bonds
📝 SEBI proposes measures to boost liquidity in corporate bond market
📝 Bond market's twin fears: US debt default, hike in rate
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