Top Indian Banking Industry News & Updates - 03 May 2023,Wednesday

🗎 RBI / MoF / Govt. Policies

📝  FM Nirmala Sitharaman asks ADB to support India with more concessional climate finance
📝  39% Indian families claim to be victim of online financial fraud: LocalCircles survey
📝  Online gaming to attract investment once tax policy is finalised: Nirmala Sitharaman
📝  RBI likely buying dollars to absorb inflows
📝  India's services exports rise record 27% in FY23, shows RBI data
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🏦 PSB / Pvt Banks

📝  UCO Bank Q4 Results: Net profit rises 86% YoY to Rs 581 crore
📝  Punjab & Sind Bank awaiting govt nod for ₹250-cr capital mop up this fiscal: MD & CEO Swarup Kumar Saha
📝  Large companies may get margin breather on derivatives deals with banks for hedges
📝  Public sector banks weigh consolidating foreign business at Gift City
📝  IDFC First Bank shares climb 6% after posting highest-ever quarterly profit
📝  While IDFC First Bank loan book grew by 24%, operating profit surged 67%; good operating leverage kicking in: V Vaidyanathan
📝  Dvara SmartGold enters into strategic partnership with Jana SFB to offer gold loans
📝  Punjab & Sind Bank Q4 profit climbs 32%
📝  UCO Bank board to meet on Tuesday, consider audited results, dividend, capital raising
📝  Why private banks are divided over corporate credit outlook
📝  Indian banks immune from liquidity crisis in West: Govt officials
📝  `Our deposit growth will continue to outpace advances' , V Vaidyanathan, MD &CEO, IDFC First Bank
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🏦 Foreign Banks / FIIs / I-Banks

📝  European banks to face charges as ESMA de-recognises Indian clearing houses
📝  This foreign bank is offering higher FD rates than private and public sector banks up to 8.35% effective from today
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🏠 Housing Finance

📝  HDFC kick-starts $1 billion Credila sale by picking Jefferies as adviser, sources say
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💳 ATMs / Credit Cards

📝  Confident that SBI Card NIM will stabilise over the next two quarters: MD
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🗎 NBFCs / FIs / MFI

📝  ´No fixed plan to sell 15% in housing finance arm´: UMESH REVANKER Executive ViceChairman, Shriram Finance
📝  IndoStar Capital Finance promoters to sell 14.2% stake via OFS; floor price at 20% discount
📝  Mahindra Finance shares jump 7% after Q4 results. Here’s where brokerages see the stock headed
📝  Mahindra Finance’s Ramesh Iyer on why he is positive on rural segment, loan growth & falling NPAs
📝  Sebi returns IPO papers of Akme Fintrade
📝  HDFC to sell education finance arm Credila
📝  Union Finance Minister Nirmala Sitharaman asks ADB to support India with more concessional climate finance
Read More >>

UPIs / Wallet / FinTech

📝  Airtel Payments Bank rolls out face authentication for AePS
📝  BharatPe acquires 51% stake in Trillion Loans
📝  Paytm issues explanation for putting QR codes for donation outside gates of Badrinath, Kedarnath temples
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🧔 Brokers / Distributors

📝  Brokers sweat over penalty on intra-day client margins
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Crypto

📝  Bitcoin falls below $28,100; BNB, Polkadot shed up to 3%
📝  Level Finance to suffer a loss of $1.01 million
📝  Coinbase alleged for violating Biometric Information Privacy Act
Read More >>

🗠 Mutual Funds / AMCs

📝  Banks, capital goods may outperform for next two years. Harsha Upadhyaya explains why
📝  Boosting domestic equity flows key to India’s economic self-reliance, says Navneet Munot of HDFC AMC
📝  Mutual funds come of age with growing AUM
📝  MFs turn net sellers in April, offload equities worth Rs 5,100 crore
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Carlyle, India's Premji Invest eye stake in auto loan firm TVS Credit: Sources
📝  Multiples Alternate raises $640 million for new fund
Read More >>

🗎 Govt. Securities / Bonds

📝  ADB may look at fresh issuance of rupee denominated bonds
📝  CCIL readies new portal for G-sec trading
Read More >>

✈ International

📝  Singapore's DBS posts record Q1 profit, expects margins to decline as rates peak
📝  HSBC profit more than triples on higher rates
📝  How JPMorgan’s Jamie Dimon won the First Republic Bank deal
📝  Morgan Stanley plans 3,000 more job cuts
Read More >>


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