Top Indian Banking Industry News & Updates - 05 May 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Money transfer: RBI mandates complete info about originator, beneficiary
📝  RBI's credit on UPI plan can create a win-win situation for all
📝  Need to have a few more diversified liquid currencies to de-risk the global financial system: RBI DG
📝  Reserve Bank updates KYC instructions on wire transfers
📝  RBI’s Shankar urges increased adoption of CBDC for efficient cross-border payment
Read More >>

🏦 PSB / Pvt Banks

📝  HDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24
📝  Five-day working week for banks some time away
📝  HDFC Q4 Results: PAT jumps 20% YoY to Rs 4,426 crore, tops estimates; Rs 44/share dividend declared
📝  How ICICI Bank customers can set up UPI mandate to recharge the FASTag automatically
📝  HDFC-HDFC Bank merger: What will change for HDFC home loan borrowers? Will home loan interest rates go down?
📝  Ashutosh Choudhury assumes office as Indian Bank executive director
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  FIIs raised stake in these 3 smallcap banks consistently for 4 quarters
Read More >>

🏠 Housing Finance

📝  HDFC Q4 results: Net profit jumps 20% to ₹4,425 crore
Read More >>

🏦 Development Banks

📝  ADB needs to explore innovative, risk-factored approach for lending to developing countries: FM Nirmala Sitharaman
Read More >>

💳 ATMs / Credit Cards

📝  Visa launches CVV-free payments for tokenised credit, debit cards
Read More >>

🗎 NBFCs / FIs / MFI

📝  ED investigation on illegal deposits is linked to erstwhile Manappuram Agro Farms, Manappuram Finance says
📝  ED freezes Manappuram Finance MD’s assets worth ₹143 crore
📝  Chola Investment soars, more upside likely
📝  Cholamandalam Investment & Finance surges 9% after Q4 results
📝  Shareholders, creditors approve demerger of Reliance’s financial services arm
📝  TVS Credit Services Q4 net grows 76% to ₹111 cr.
📝  IIFL Finance offers business loan on WhatsApp
📝  GetVantage secures NBFC licence
Read More >>

🧔 Brokers / Distributors

📝  HDFC has beat consensus and our estimates by 5%: Rahul Malani
Read More >>

🗠 Bourses

📝  BSE resolves 253 investors complaints against listed cos in April
Read More >>

Crypto

📝  Bhutan, Bitdeer plan $500 million green crypto fund
📝  Bitcoin rises above $29k; Ethereum, Polygon surge up to 3%
📝  Texas state regulators take action against fake crypto promotions
📝  Unocoin launches crypto basket feature to benefit customers
Read More >>

🗠 Mutual Funds / AMCs

📝  Groww completes acquisition of Indiabulls’ mutual fund business
📝  Equity MFs turn cautious in April, offload stocks as FPIs start buying
📝  MFs attract 85 lakh new millennials in FY19-23
📝  Domestic funds turn sellers in April amid renewed buying by FPIs
📝  Sebi considering performance-linked incentives for mutual funds
📝  Mutual funds making voices heard loud and clear at companies
📝  Value fund category lost 3.38% in Jan-March quarter; Quant Value Fund lost 8.73%
📝  IT or technology funds lost 8.26% in 1 year, but SIPs in them gave 14-20% in five years
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Private equity investor Actis eyes Patel Infra's four roads
Read More >>

🗎 Govt. Securities / Bonds

📝  Govt expects T-bill yields to ease after 10-year falls below 7%
📝  Bondholders asked to return equity shares in Reliance General to administrator
📝  PFC plans bond issues to raise Rs 6,000 crore
📝  Adani Transmission plans to buy back $100m bonds
📝  RBI moots steps to boost credit for Green Energy
📝  Premium on green bonds in FY24 key to future issuances
📝  RBI announces 6.97% interest rate on Floating Rate Bond 2024
Read More >>

✈ International

📝  ECB raises rates by 25 bps in inflation fight
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710