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
Read More >>

🗎 Govt. Securities / Bonds

📝  SEBI proposes measures to boost liquidity in corporate bond market
📝  Bond market's twin fears: US debt default, hike in rate
Read More >>


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