Top Indian Banking Industry News & Updates - 27 April 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 RBI approves reappointment of N Kamakodi as City Union Bank MD and CEO
📝 Explained: Why RBI cancelled Kerala-based Adoor Co-operative Bank's license? What will happen to customers' money?
Read More >>
🏦 PSB / Pvt Banks
📝 North East Bankers Conclave to be held in Delhi on 28th April
📝 Reliance General to accept CBDC e-Rupee through Yes Bank
📝 Union Bank to raise up to Rs 10,100 crore via equity, debt
📝 Loans against FDs surge to highest in a decade
📝 India Post Bank ties up with FIAKS to make postmen digitally literate
📝 Kotak’s bank should be tested as an institution
📝 Axis Bank Q4 preview: Lender may report losses due to write-off in Citi deal, NII seen strong
📝 AU Small Finance Bank’s stock dips 4% after Q4 results
Read More >>
🏠 Housing Finance
📝 How affordable housing finance is proving a boon for millions of homebuyers- Explained
Read More >>
🗎 NBFCs / FIs / MFI
📝 Hinduja Group firm emerges highest bidder with Rs 9,650 cr offer for Reliance Capital in second auction
📝 Microfinance industry to record 25% growth in FY24 on surge in disbursements
📝 Poonawalla Fincorp Q4 net income doubles to Rs 181 crore
📝 Tata Capital board approves plan to consolidate arms
📝 NBFCs eye rural market to maintain gold loan share
📝 India Inc raises 6 times more via ECBs in March vis-a-vis Feb
📝 Bajaj Finance Q4 PAT up 25% on strong AUM, NII growth
📝 IIFL Finance Q4 Results: PAT jumps 17% YoY to Rs 269 crore
📝 Bajaj Finance Q4 net rises 30% on stronger interest income
Read More >>
UPIs / Wallet / FinTech
📝 PhonePe launches brand campaign on motor insurance
📝 PhonePe plans a Google Play Store rival
📝 Razorpay among 6 Indian companies in top 100 of Hurun's Global Unicorn Index
Read More >>
🗠 Bourses
📝 Bourses give nod for transfer of NCDs from HDFC Ltd to HDFC Bank
📝 NSE tweaks equity indices methodology
Read More >>
Crypto
📝 Bitcoin price witnesses hike over First Republic Bank’s deposit concerns
📝 US crypto regulations get blamed for the downfall of USDC market
Read More >>
🗠 Mutual Funds / AMCs
📝 UTI AMC Q4 FY23 net profit up 59% to ₹86 crore
📝 Debt mutual funds don’t have indexation benefits anymore. Is direct bond investment a good option?
📝 This CEO of top MF reduces exposure to banks and IT in model portfolio
📝 ‘Small and mid-cap stocks good for building a long-term portfolio’ Vinit Sambre, head of equities, DSP Mutual Fund
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 Sebi puts trustees of VC funds on notice over investment lapses
Read More >>
🗎 Govt. Securities / Bonds
📝 ‘There will be tailwinds for the corporate bond market’ : Gurpreet Chhatwal, MD, CRISIL Ratings.
Read More >>
✈ International
📝 Nomura profit falls 76% as banking turmoil hits trading
📝 Deutsche Bank’s investment arm cuts senior staff at US fixed-income unit
📝 First Republic Bank shares hit record low, plans mass layoff at year end
📝 Standard Chartered profit swells a surprise 21% on soaring interest rates
Read More >>