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
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🏦 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
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🏦 Foreign Banks / FIIs / I-Banks
📝 FIIs raised stake in these 3 smallcap banks consistently for 4 quarters
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🏠 Housing Finance
📝 HDFC Q4 results: Net profit jumps 20% to ₹4,425 crore
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🏦 Development Banks
📝 ADB needs to explore innovative, risk-factored approach for lending to developing countries: FM Nirmala Sitharaman
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💳 ATMs / Credit Cards
📝 Visa launches CVV-free payments for tokenised credit, debit cards
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🗎 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
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🧔 Brokers / Distributors
📝 HDFC has beat consensus and our estimates by 5%: Rahul Malani
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🗠 Bourses
📝 BSE resolves 253 investors complaints against listed cos in April
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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
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Private equity investor Actis eyes Patel Infra's four roads
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🗎 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
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✈ International
📝 ECB raises rates by 25 bps in inflation fight
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