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
Read More >>

🏦 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
Read More >>

🏦 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
Read More >>

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
Read More >>

🧔 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
Read More >>

🗠 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?
Read More >>

🗎 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
Read More >>

🗎 Govt. Securities / Bonds

📝  Adani group plans $650-m foreign currency bond buyback at APSEZ
Read More >>

✈ International

📝  US bank deposits fall $76.2 billion, led by large institutions
Read More >>


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