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?
Read More >>

🗠 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
Read More >>

✈ International

📝  Central banks signal end of bank turmoil with cut in dollar funding line
Read More >>


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