Top Indian Banking Industry News & Updates - 26 April 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI notifies Adoor Co-operative Urban Bank as a non-banking Institution
📝 Mishra takes charge as CEO of Association of Asset Reconstruction Companies
📝 India’s banks less prone to Silicon Valley Bank kind of episode: FinMin report
📝 Reserve Bank of India’s wider NDF access may require foreign exposure proof, say bankers
📝 Uday Kotak’s board term likely under RBI's scrutiny
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🏦 PSB / Pvt Banks
📝 Indian banks unlikely to go SVB, Credit Suisse way as they can swim good in troubled waters
📝 AU Small Finance Bank PAT rises 23% in March quarter
📝 High balance bank accounts without updated KYC details under the lens
📝 Uday Kotak's XXXL shoes: The big change at Kotak Mahindra Bank
📝 Tamilnad Mercantile Bank’s MD targets pan-India presence
📝 IndusInd to launch digital bank in Q1: MD Sumant Kathpalia
📝 ‘We may acquire an MFI to meet priority lending norms’, MD & CEO Prashant Kumar
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🏦 Foreign Banks / FIIs / I-Banks
📝 DBS Bank launches ‘One DBS’ brand campaign
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🔍 Rating / Research
📝 CRISIL upgrades Poonawalla Fincorp’s long-term bank facilities and NCDs to ‘AAA/Stable’
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🗎 NBFCs / FIs / MFI
📝 SK Finance to raise ₹410 cr from FMO
📝 Cholamandalam Finance NCD issue: Check expected returns, tenor, dates and minimum investment amount
📝 Bajaj Finance Q4 preview: NII likely to post strong growth on robust loan book, PAT to pick up
📝 MoS Finance bats for including ‘new voters’ in banking sector
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UPIs / Wallet / FinTech
📝 NPCI Bharat BillPay launches NOCS platform to process ONDC transactions
📝 Fintechs haggle for a licence to survive
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🧔 Brokers / Distributors
📝 Sebi bars brokers from pledging clients' funds with banks for excessive leverage
📝 ICICI Securities downgrades Yes Bank to ‘reduce’; stock trades in red
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Crypto
📝 Thetanuts Finance to invest $17 million in a two-way altcoin market
📝 Tezos India collaborates with Zeeve to develop blockchain acceptance across businesses
📝 Cryptoverse: Investors pick their AI race horses
📝 America to close its crypto market: Reports
📝 Bitcoin falls below $27,400; Polygon, XRP drop up to 3%
📝 Is crypto winter finally coming to a close?
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🗠 Mutual Funds / AMCs
📝 HDFC AMC Q4 Results: Profit rises 10% YoY to Rs 376 crore; dividend declared at Rs 48/share
📝 Best Small Cap Mutual Funds with over 20% returns since inception and when they were launched
📝 Gold ETFs see net outflows in March quarter; should you also sell the bullion?
📝 Hybrid funds with 35% equity exposure may find favour for indexation benefits: LIC MF
📝 Nippon Life India AMC declares final dividend of ₹7.50 per share: Check record date here
📝 Why DSP MF's Kalpen Parekh bought a house in Mumbai
📝 Go Green: Sebi asks AMCs to file final offer documents digitally
📝 lT-Bills, Ultra short-term debt MFs look attractive to park cash
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Indian equities likely to trade range-bound in near term; Credit Suisse recommends dip buying
📝 PE firms eye digital tech biz MediaMint
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🗎 Govt. Securities / Bonds
📝 SBI plans to hit debt Street soon, issue AT-1, infra & tier-2 bonds
📝 SBI seeks up to $1 billion in dollar bond issue
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✈ International
📝 Central banks signal end of bank turmoil with cut in dollar funding line
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