Top Indian Banking Industry News & Updates - 24 April 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 New remittance rules put wealthy Indians in a fix
📝 Clamping down on Ponzi schemes like never before: FM Sitharaman
📝 RBI looks askance at co-lending arrangements
📝 Banks’ credit growth moderated in March 2023 due to unfavourable base effects, tapering of credit offtake momentum
📝 Centre will clamp down on Ponzi apps, says Finance Minister Nirmala Sitharaman
📝 Regulating crypto without global consensus will not be effective, says FM Sitharaman
📝 Role ready for Kotak after he passes baton
📝 Govt asks banks for scheme to settle debt recovery cases
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🏦 PSB / Pvt Banks
📝 ICICI Bank Q4 profit jumps 30% on core income, margins
📝 IndusInd Bank Q4 preview: PAT seen rising 43% YoY on strong NII, profitability
📝 Yes Bank net profit down 45% on higher provisions
📝 DBS knew problem areas at Lakshmi Vilas Bank, cleaned up and integrated business from day 1: India CEO
📝 HDFC’s reserves to help HDFC Bank meet regulatory ratios post-merger
📝 Uday Kotak to take on non-executive role post his term as MD, CEO
📝 MNCs going big on smaller cities: HDFC chairman Deepak Parekh
📝 Chola NCDs to Offer 8.25-8.40%
📝 Spotlight: Inclusion loans will be 50% of our book: Baskar Babu, MD & CEO, SSFB
📝 Bank of Maharashtra board to consider fundraising of up to ₹7,500 crore for FY2
📝 PNB alert: Customers warned against clicking on fraudulent links to prevent account depletion
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🏦 Foreign Banks / FIIs / I-Banks
📝 FIIs turn net buyers in first fortnight
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🏠 Housing Finance
📝 HDFC to move RBI on Credila’s future
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🗎 NBFCs / FIs / MFI
📝 Muthoot Microfin expects 25-30 pc growth in loan disbursals this fiscal
📝 Lenders of Reliance Capital to meet on Monday to consider bidders' concerns
📝 Liquidity woes: KKR to shut realty NBFC
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UPIs / Wallet / FinTech
📝 Dvara Holdings’ startups to reach break-even in 12-18 months
📝 Fintalk: Transformation in the Indian banking space
📝 Fintechs and M&As — why they don’t make the cut
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🧔 Brokers / Distributors
📝 India requires more than one vibrant exchange, tweaking products to enliven BSE: MD & CEO
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Crypto
📝 How crypto is going green: An overview for Earth Day 2023
📝 Bitcoin ‘halving’ due next year spurs predictions of rally in token past $50,000
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🗠 Mutual Funds / AMCs
📝 Best Midcap Mutual Funds in 10 years: SBI Magnum, Axis, HDFC to Kotak schemes with over 19% returns
📝 Baroda BNP Paribas Mutual Fund NFO closes today. What should investors do?
📝 ICICI Prudential MF's NFO Innovation Fund subscription last day today. Should you go for it?
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs invest Rs 8,643 crore in equities in April on reasonable valuation of stocks
📝 One good quarter of equity can take care of 3 years of debt market returns: Rohan Mehta of Turtle Wealth
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🗎 Govt. Securities / Bonds
📝 Adani group plans $650-m foreign currency bond buyback at APSEZ
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✈ International
📝 US bank deposits fall $76.2 billion, led by large institutions
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