Top Indian Banking Industry News & Updates - 02 May 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 Finance Ministry wants state-run banks to enhance recovery rate from written-off accounts to about 40%
📝 Banks, payment operators report Rs 1,750 crore payment frauds in 7 months: RBI
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🏦 PSB / Pvt Banks
📝 HDFC Bank rolls out digital distribution platform for agents, partners
📝 Large corporates will never be allowed to open a bank in India: N Vaghul
📝 Special drive by public sector banks likely to recover written-off loans
📝 FPIs raise stakes in Yes Bank, IDFC First and Axis Bank in FY23
📝 TMB plans to grow CASA to 35% in 3 years by expanding presence
📝 CSB Bank expects rise in cost-to-income ratio this fiscal
📝 NARCL progress hit on government guarantee delay
📝 Will be able to maintain NIMs around 5%: RBL MD & CEO Subramaniakumar
📝 HDFC Bank, Yes Bank, IndiGo top lessees of NCR offices in March quarter
📝 Banks to remain closed for 12 days in May 2023; check full bank holiday list here
📝 Axis original promoter SUUTI exits after 30 years
📝 HDFC Bank launches IT platform to turn Business Correspondents into loan agents
📝 SBI Amrit Kalash Fixed Deposit Scheme: State Bank of India re-introduces scheme, offers up to 7.6% Interest
📝 ₹2 tn recovery target for PSBs
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🏦 Foreign Banks / FIIs / I-Banks
📝 FPIs remain net buyers in April, these sectors get most money; Nifty overbought, correction imminent?
📝 DBS Bank, Singapore's biggest, beats expectations with impressive Q1 earnings
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💳 ATMs / Credit Cards
📝 India1Payments to double ATM network to 25,000
📝 Credit card dues jump 31% in FY23 to Rs 1.94 lakh crore
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🗎 NBFCs / FIs / MFI
📝 Muthoot Microfin expects 50 per cent of its collections to come digitally by September
📝 Mahindra Finance looks to lower NPA through controlled repossessions
📝 Bank credit to micro, small enterprises up 14% YoY in March: RBI data
📝 More digital lenders may seek NBFC tag as Google tightens Play Store norms
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UPIs / Wallet / FinTech
📝 UPI volume, value rise to record highs in April
📝 UPI transactions decline in volume & value terms in April
📝 Mobikwik turns profitable, expects to almost double revenue to Rs 1,000 crore this fiscal
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🧔 Brokers / Distributors
📝 New Sebi rule from today: A ban that’s a boon in many ways
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Crypto
📝 How non-fungible tokens (NFTs) are making a mark in the crypto world
📝 Cogni to introduce Soulbound NFTs for its crypto wallet users
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🗠 Mutual Funds / AMCs
📝 Simple mutual fund portfolio: The sweet spot for the ideal number of funds
📝 5 top large cap schemes offer more than 13% SIP returns in 10 years
📝 Sebi seeks investor data from AIFs for risk assessment
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🗎 Govt. Securities / Bonds
📝 Things to know before investing directly in bonds
📝 Private placement of corporate bonds at record high in FY23: report
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✈ International
📝 JPMorgan to buy embattled First Republic Bank after seizure by regulators
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