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?
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🏦 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
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🏠 Housing Finance

📝   How affordable housing finance is proving a boon for millions of homebuyers- Explained
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🗎 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
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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
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🗠 Bourses

📝  Bourses give nod for transfer of NCDs from HDFC Ltd to HDFC Bank
📝  NSE tweaks equity indices methodology
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Crypto

📝  Bitcoin price witnesses hike over First Republic Bank’s deposit concerns
📝  US crypto regulations get blamed for the downfall of USDC market
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Sebi puts trustees of VC funds on notice over investment lapses
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🗎 Govt. Securities / Bonds

📝  ‘There will be tailwinds for the corporate bond market’ : Gurpreet Chhatwal, MD, CRISIL Ratings.
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✈ 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
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