Top Indian Banking Industry News & Updates - 28 April 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 India not adversely affected from financial instability in AEs: RBI Guv Shaktikanta Das
📝 RBI monitoring banks' business models more closely, says governor Shaktikanta Das
📝 Average ticket size of loans under PMMY nearly doubled in 8 years
📝 Banks should build capital, liquidity buffers beyond regulatory minimum: RBI chief
📝 A resilient bank must be financially and organisationally strong: RBI Guv
📝 RBI approves reappointment of Kamakodi as City Union Bank MD and CEO
📝 Das urges banks to continually assess risks, build adequate capital buffers
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🏦 PSB / Pvt Banks
📝 Axis Bank reports Q4 loss on Citi deal
📝 Talks on for Green Finance Model with key concessions
📝 India Post Payments Bank likely broke even in FY23, says CEO
📝 Bank of India Shubh Arambh Fixed Deposit interest rate for senior citizens hiked. Details here
📝 Reliance General becomes first insurer to accept CBDC in tie-up with YES Bank
📝 India’s banks have it all, except caution
📝 Kotak Bank Q4 preview: NII likely to post strong growth on robust loan book; to declare dividend on 29 April
📝 PNB to infuse Rs 72.82 cr in Bhutan subsidiary through rights issue
📝 Fixed deposits interest rates to rise; SFBs offer 75-100 bps higher FD rates than PSBs, private banks
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🏦 Development Banks
📝 Asian Development Bank: 'Net Zero' benefits five times higher than costs
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🗎 NBFCs / FIs / MFI
📝 Bajaj Finserv Q4 profit rises by 31% to Rs 1,769cr
📝 Reliance Capital Resolution: More challenges ahead
📝 MFI loans to grow at 25% y-o-y in FY24, says report
📝 Shivalik Small Finance Bank partners with Arya.ag to empower small farmers
📝 Shriram Finance Q4 Results: Net profit jumps 20% YoY to Rs 1308 crore
📝 Aiming to increase gold loan mix to 20%, says Capri Global MD
📝 We are quite confident of maintaining net NPA below one: Abhay Bhutada, Poonawalla Fincorp
📝 Shriram Finance Q4 PAT up 21% y-o-y, falls 26% q-o-q on merger integration
📝 IIFL Finance Q4 profit rises 16% ₹269 cr
📝 Poonawalla Fincorp Q4 PAT surges 103% to ₹181 crore
📝 Analysts divided over Bajaj Finance despite strong Q4
📝 India keeping pace with sustainable development while building infrastructure projects: IIFCL MD
📝 Bajaj Finance’s re-rating tied to meeting FY24 growth guidance
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UPIs / Wallet / FinTech
📝 Payment gateway Razorpay will join ONDC
📝 NPCI International partners with PPRO to facilitate global e-commerce payments through UPI
📝 Ex-Amex CRO Priyadarshi Dutta joins Stashfin
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Crypto
📝 Bitcoin rises above $29,000; Cardano, Polkadot surge up to 3%
📝 Bitcoin extends volatility in climb back to $30,000
📝 CoinSwitch to diversify into wealth-tech platform in FY24
📝 Binance CEO disagrees with Bloomberg’s current finance-rich list
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🗠 Mutual Funds / AMCs
📝 UTI Mutual Fund launches UTI Nifty 500 Value 50 Index Fund
📝 ICICI Prudential MF hikes stake in PVR to 7.19%
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🗎 Govt. Securities / Bonds
📝 SBI issues $750-million 5-year bonds at 4.875%
📝 HDFC plans ₹15,000-cr bond issue
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