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
Read More >>

🏦 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
Read More >>

🏦 Development Banks

📝  Asian Development Bank: 'Net Zero' benefits five times higher than costs
Read More >>

🗎 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
Read More >>

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
Read More >>

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
Read More >>

🗠 Mutual Funds / AMCs

📝  UTI Mutual Fund launches UTI Nifty 500 Value 50 Index Fund
📝  ICICI Prudential MF hikes stake in PVR to 7.19%
Read More >>

🗎 Govt. Securities / Bonds

📝  SBI issues $750-million 5-year bonds at 4.875%
📝  HDFC plans ₹15,000-cr bond issue
Read More >>


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