Top Indian Banking Industry News & Updates - 25 April 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  RBI harmonises provisioning norms for urban cooperative banks
📝  The RBI has to reconcile several objectives
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🏦 PSB / Pvt Banks

📝  Evercore may end decade-old tie-up with billionaire Uday Kotak’s unit, sources say
📝  IndusInd Bank Q4 Results: PAT jumps 50% YoY to Rs 2,040 cr; dividend declared at Rs 14/share
📝  Bank of Maharashtra Q4 Results: PAT jumps over two-fold to Rs 840 crore
📝  TMB Q4 PAT grows 11.45% to ₹253.05 cr.
📝  ‘We may acquire an MFI to meet priority lending norms: MD & CEO Prashant Kumar, YES Bank
📝  MAS clears merger of HDFC Investments with HDFC Bank
📝  Yes Bank expects continuous improvement in NIM: Prashant Kumar
📝  IndusInd Bank to have a very good time over next 12-18 months: Aditya Shah
📝  ICICI Bank, Reliance will take the market to next level: Rahul Chadha
📝  SBI’s eco research dept terms Acharya’s conjecture on corporate ecosystem as ‘factually incorrect’
📝  Rating: buy; HDFC Bank’s focus shifts to deposits
📝  IndusInd Bank to apply for insurance licence
📝  MAS clears merger of HDFC Investments with HDFC Bank
📝  Axis Bank, HDFC Bank invest in IPO-bound GoDigit’s life insurance business
📝  SBI opens exclusive branch for start-ups
📝  Equitas SFB’s launches “Circle of Life” campaign
📝  HDFC Life soars as RBI allows more stake to promoter
📝  ICICI Bank shares settle more than 2 per cent higher
📝  IndusInd to launch digital bank in Q1: MD Sumant Kathpalia
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🏦 Co-operative Banks / RRBs

📝  RBI imposes Rs 44 lakh penalty on 4 co-op banks
📝  KVG Bank gets news Chairman
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🏦 Foreign Banks / FIIs / I-Banks

📝  Clearing Corp to apply afresh to Bank of England for recognition
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🏠 Housing Finance

📝  JM Financial Home Loans in talks with Indostar Capital's home finance business
📝  Despite concerns, HFCs bullish on affordable housing
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🏦 Development Banks

📝  Asian Development Bank operations cross USD 20 bn in 2022
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🔍 Rating / Research

📝  Allow foreign currency transactions in country via RBI: Consultants & service providers urge govt
📝  Credit growth likely to moderate to 10 pc in FY24: Report
📝  New business registration vaults toward 2 lakh as entrepreneurship spirit sweeps India: SBI Ecowrap
📝   BlackRock says emerging markets have an edge over rest of world
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🗎 NBFCs / FIs / MFI

📝  JM Financial, Indostar in talks to merge mortgage businesses
📝  Poonawalla Finance sees rating upgrade
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UPIs / Wallet / FinTech

📝  Aye Finance witnesses a 56% growth in AUM in 2022-23
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🧔 Brokers / Distributors

📝  SBI Securities FY23 Results: Net profit jumps 32%, revenue 45%
📝  IIFL Securities net profit up 9% to ₹86 cr, declares dividend of ₹3
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Crypto

📝  Hong Kong crypto exchange-traded funds face indifference in spite of its clear crypto regulations
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🗠 Mutual Funds / AMCs

📝  Rush for indexation benefit brings flood of money to index funds
📝  Best Tax Saving Mutual Fund: 12 ELSS schemes with over 28% returns in 3 years
📝  Why DSP MF’s Kalpen Parekh has a preference for hybrid funds
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  TVS ILP looks to raise up to $100 million via warehouse InvIT
📝  Vistaar Capital told to wind up film fund in six months
📝  Hedge funds place biggest ever short on treasuries
📝  Large global PE firms, local investors eye stake in BoB’s credit card arm
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🗎 Govt. Securities / Bonds

📝  Adani Ports starts $130-m buyback of debt securities
📝  India's 10-year bond yield ends at 1-year low on policy pivot bets
📝  Benchmark yield slips to 7-month low
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✈ International

📝  Credit Suisse saw $69 billion of outflows in first quarter
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