Top Indian Banking Industry News & Updates - 04 May 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  India needs carbon pricing system, tax to grow green finance: RBI report
📝  Regulations, policies need to be updated to reduce carbon emissions: RBI report
📝  RBI not alarmed by spikes in call rate
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🏦 PSB / Pvt Banks

📝  Bankers expect minimal losses from Go First insolvency
📝  UCO Bank, Punjab & Sind Bank shares fall over 4% post Q4 earnings
📝  ‘Aim to reduce GNPA ratio to 3% by fiscal-end’, MD & CEO Soma Sankara Prasad, UCO Bank
📝  Fund raise to aid Punjab & Sind Bank’s expansion: MD & CEO
📝  ‘Our deposit growth will continue to outpace advances’: V Vaidyanathan, MD & CEO, IDFC Bank
📝  Cashfree Payments partners with YES Bank to offer international payment collection
📝  Kotak Bank grants first FPI license to Alchemy India Long Term Fund relocated to GIFT City
📝  South Indian Bank enables electronic bank guarantee facility for customers
📝  Central Bank of India has Rs 2,000 crore exposure
📝  Fino Payments Bank Q4 profit up 25% to ₹22 crore
📝  Uco Bank net profit up 86 per cent to Rs 581 crore on improvement in asset quality
📝  No pressure on PSBs to pay high dividend to govt: Finance ministry official
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🏦 Foreign Banks / FIIs / I-Banks

📝  Ajay Banga appointed World Bank President for five-year term
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🏠 Housing Finance

📝  HDFC Q4 Preview: PAT growth seen muted on likely higher provisions
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💳 ATMs / Credit Cards

📝  Credit card platform Kiwi raises $6 million in pre-seed funding
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🗎 NBFCs / FIs / MFI

📝  ED conducts raids at Manappuram Finance premises in Kerala on money laundering charges
📝  Cholamandalam Investment Q4 net profit jumps 24% to ₹853 crore
📝  Altigreen teams up with Sundaram Finance to offer customized retail financing solutions
📝  Chola Invest & Finance Q4 net profit up 24%
📝  Manappuram Finance tanks 12% on reports of ED searches at multiple premises
📝  Manappuram Finance shares plunge 12%
📝  Manappuram Finance ventures into digital money lending, introduces Ma-Money app
Read More >>

UPIs / Wallet / FinTech

📝  PhonePe goes live with UPI LITE
📝  Be wise & safe: Switch from UPI to UPI wallet for small payments
📝  Fintech revenues to grow sixfold by 2030: BCG
📝  Credit card platform Kiwi raises $6 million in funding to take on ‘credit on UPI’ offering
Read More >>

Crypto

📝  Bitcoin holds above $28,500; Ethereum, Polygon rise up to 2%
📝  Bhutan plans $500 million fund for green crypto mining
Read More >>

🗠 Mutual Funds / AMCs

📝  Sebi considering performance-linked incentives for MFs
📝  SEBI plans to incentivise MF distributors getting first-time investors
📝  Retail investors' avg ticket size declines to Rs 68,321 in FY23
📝  ELSS funds posted negative returns in Jan-March quarter; Quant Tax Plan lost 8.72%
📝  Multi cap category lost 4.16% in Jan-March; Quant Active Fund lost 9.94%
📝  SEBI plans to incentivise MF distributors getting first-time investors
📝  MF distributors to earn sops for getting new investors from anywhere
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Blackstone puts Embassy REIT exit on the backburner for now
📝  FPIs close out record bearish bets on benchmark indices
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🗎 Govt. Securities / Bonds

📝  Money market volumes surge 35% in FY23 on strong credit demand
📝  No impact of ESMA move on local bond trading
📝  India 10-year bond yield falls to 1-year-low ahead of Fed rate decision
📝  Bond yields slip to 13-month low
📝  Green finance may touch 6% of GDP
📝  REC lists green bonds of $750 m at GIFT IFSC Stock Exchanges
📝  10-year bond yield crashes to 7% on HDFC Bank mop-up
Read More >>

✈ International

📝  Fed hikes rate by 25 bps but signals possible pause in tightening cycle
Read More >>


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