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
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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
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🗠 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
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🗎 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
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🗎 Govt. Securities / Bonds
📝 ADB may look at fresh issuance of rupee denominated bonds
📝 CCIL readies new portal for G-sec trading
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✈ 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
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