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
Read More >>
🏦 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
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 Ajay Banga appointed World Bank President for five-year term
Read More >>
🏠 Housing Finance
📝 HDFC Q4 Preview: PAT growth seen muted on likely higher provisions
Read More >>
💳 ATMs / Credit Cards
📝 Credit card platform Kiwi raises $6 million in pre-seed funding
Read More >>
🗎 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
Read More >>
🗎 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 >>