Top Indian Banking Industry News & Updates - 22 April 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI gives HDFC Bank selective regulatory relief post HDFC merger
📝 RBI to be on a prolonged pause, may cut rates in early 2024: Analysts
📝 RBI cautions banks on unsecured lending as risks loom: Sources
📝 Govt to release new ₹100 commemorative coin for the 100th episode of Mann Ki Baat
📝 Monetary policy is at work, substantial disinflation achieved: RBI Bulletin
📝 Status quo on rates | A ‘wait-and-watch’ pause, neither ‘premature’ nor ‘permanent’: RBI ED Rajiv Ranjan
📝 Demand conditions in India remain resilient: RBI officials
📝 RBI governor to meet directors of banks
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🏦 PSB / Pvt Banks
📝 HDFC or HDFC Bank can raise stake in Life, ERGO beyond 50%
📝 ICICI Bank Q4 preview: Strong NII, higher margin to drive double-digit PAT growth
📝 SBI explores options of installing iris scanner at Bank Mitra channel
📝 Indian banks wary of parking funds with RBI following liquidity swings, traders say
📝 Merger with HDFC: A mixed bag for HDFC Bank from RBI on forbearance requests
📝 Union Bank of India simplifies Form 15G & H submission
📝 Kotak Mahindra wins case to liquidate ARSS Infrastructure Projects Ltd even as 76% of lenders approved it
📝 BoB board approves raising up to $7 billion
📝 Despite hikes, small savings scheme rates still to catch up
📝 Axis Bank hikes FD rates by 5 bps on multiple tenors effective from today
📝 This PSU lender extends special FD scheme of 400 days promising up to 8% returns
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🏠 Housing Finance
📝 Home Loan Refinance: Four reasons to opt for loan transfer
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🗎 NBFCs / FIs / MFI
📝 PFC okays INR 633 cr EV financing facility to BluSmart Mobility
📝 Arohan Financial Services opens over 100 branches in FY'23
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UPIs / Wallet / FinTech
📝 India number one in digital payments, rural economy is transforming: PM Modi at Civil Services Day
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🧔 Brokers / Distributors
📝 Indians save rather than invest, says Kavitha Subramanian of Upstox
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Crypto
📝 Bitcoin drops below $28,100k; Dogecoin, XRP shed up to 8%
📝 Turkish crypto exchange, Thodex’s founder imprisoned in Turkey
📝 Count Crypto : Ashish Singhal, co-founder and CEO of CoinSwitch
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🗠 Mutual Funds / AMCs
📝 Mutual funds to invest Rs 50 lakh for five years
📝 Sebi approves transfer of controlling stake of HDFC AMC to HDFC Bank
📝 Emkay Global gets approval to launch mutual fund biz
📝 SEBI gives nod for change in HDFC AMC sponsor
📝 Insurance-cum-investment products suited for active, passive, and moderate investors
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Blackstone, GIC vie for majority stake in Allianz-ESR platform
📝 Equity MF inflows drop 23% in Q4 amid volatile markets
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🗎 Govt. Securities / Bonds
📝 India bond yields fall after strong demand at auction, ends week lowe
📝 IIFL Finance fully repays $400 million bonds
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