Top Indian Banking Industry News & Updates - 30 May 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  Bank boards, directors need to be vigilant to questionable corporate governance practices: Shaktikanta Das
📝  Banks need to improve digitalisation and keep vigil on stressed asset: MoS Finance
📝  RBI Guv flags governance gaps at some banks
📝  Bank privatisation to happen as per schedule: Sitharaman
📝  ICICI Bank’s board approves reappointment of Batra as ED for two more years
📝  Introduction and withdrawal of Rs 2,000 note cast doubt on integrity, stability of India's currency: Chidambaram
Read More >>

🏦 PSB / Pvt Banks

📝  ICICI Bank to raise stake in ICICI Lombard
📝  A week after ₹2,000 note withdrawal, SBI gets ₹14,000-cr in deposits, exchanges ₹3,000-cr
📝  HDFC launches fixed deposit schemes offering higher interest rates
📝  IndusInd Bank stock hits Rs 1 lakh crore market cap after 3 years
📝  City Union Bank slumps 10% despite sector rally
📝  Rs 2,000 note exchange: PSU banks see longer queues; banks, customers complain over lack of clarity on rules
📝  From Doom to Bloom: The turnaround story of Indian banks’ bad loans and profits
📝  Kotak Bank relocates Mauritius domiciled fund to GIFT City
📝  ICICI Lombard shares jump 14% after ICICI Bank board okays raising stake to 4%
Read More >>

🏦 Co-operative Banks / RRBs

📝  In a first, Cosmos Cooperative Bank acquires a negative net-worth bank
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Aim to increase SME mix to 30%, says DBS Bank India ED
Read More >>

🏠 Housing Finance

📝  Repco Home Finance Q4 net almost doubles to ₹82 cr.
Read More >>

💳 ATMs / Credit Cards

📝  Axis Bank Credit Card Lounge Access List Changed. Check Full List of Cards, Access Limits at Airports
📝  You can now use RuPay debit card for traveling in Delhi metro; details here
Read More >>

🔍 Rating / Research

📝  RBI may reduce policy rate in fourth quarter of 2024: Oxford Economics
Read More >>

🗎 NBFCs / FIs / MFI

📝  Microfinance sector's bad loan stockpile declines to Rs 36,600 crore by March
📝  Microfinance sector sees 21% growth in FY23; disbursements jump 26%, portfolio quality improves
📝  Sundaram Finance Q4 standalone rises 6% to ₹316 cr.
📝  Warburg Pincus acquires 95% stake in Vistaar Finance
📝  Lenders vote for equitable distribution of proceeds from sale of Reliance Capital
📝  RCap committee of creditors votes for equal distribution of proceeds between members
📝  NBFCs across the spectrum post record disbursements in FY23
Read More >>

UPIs / Wallet / FinTech

📝   UPI transactions to account for 90% of retail digital payments by 2026-27: PwC India report
📝  FLDG guidelines expected in second round of digital lending regulations
📝  How retail investors can buy government bond for ₹100: Varun Sridhar, chief executive officer at Paytm Money
📝  Razorpay unveils India's fastest one-step payments solution Turbo UPI
📝  Behind the silent rise of Credit Saison India
Read More >>

🧔 Brokers / Distributors

📝  Will borrow about ₹60,000-cr for FY24: Shriram Finance, MD & CEO
Read More >>

Crypto

📝  Binance names Teng as head of regional markets outside US
📝  Bitcoin rises above $27,900 amid optimism over US debt ceiling deal
📝  Bitcoin jumps 3%, hits over two-week high on relief over US debt ceiling
Read More >>

🗠 Mutual Funds / AMCs

📝  ‘Sebi fee review to make a big dent in MFs’ profits’
📝  ITI Mutual Fund launches ITI Focused Equity Fund
📝  Mirae Asset Mutual Fund launches Mirae Asset Silver ETF
📝  Our plan is to continue doing things the right way: Neil Parikh of PPFAS Mutual Fund
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  On the prowl. Warburg Pincus acquires controlling stake in Vistaar Finance
Read More >>

🗎 Govt. Securities / Bonds

📝  Bond yields rise as US peers continue upward march
📝  SBI raises $750 mn via bonds on India INX under its 10 billion MTN programme
Read More >>

✈ International

📝  Yield curves might actually shift up as oppose to down in short term: Taimur Baig, DBS Bank.
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710