Top Indian Banking Industry News & Updates - 06 May 2023,Saturday

🗎 RBI / MoF / Govt. Policies

📝  FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
📝  Lenders offer lucrative rates on FDs amid rising competition, new tax norms
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🏦 PSB / Pvt Banks

📝  HDFC twins see biggest single-day fall in 3 years
📝  Federal Bank Q4 Results: Net profit rises 67% YoY to Rs Rs 903 crore on retail loan growth
📝  DCB Bank Q4 earnings: PAT up 25% YoY, NII rises 27%, Board declares dividend
📝  HDFC-HDFC Bank merger: What will change for HDFC home loan borrowers? Will home loan interest rates go down?
📝  HDFC Bank merged entity may see $150-200 mn outflows post MSCI largecap index inclusion
📝  Equitas Small Finance Bank Q4 Results: PAT jumps 58% YoY to Rs 190 crore
📝  JK Bank Q4 Results: Lender records highest-ever net annual profit of Rs 1,197 crore
📝  Punjab & Sind Bank plans to open 40 new branches this fiscal: MD & CEO Saha
📝  Lenders on a war footing to deal with online frauds
📝  Suryoday Bank raises FD rates by 49 to 160 bps
📝  UCO Bank Q4FY23 net profit up 86%
📝  Max Life ties up with Capital Small Finance Bank to offer life insurance solutions
📝  Banks face margin squeeze amid deposit repricing
📝  PNB hikes bulk FD rates by up 75 bps, promising up to 7% return on 1 year tenor
📝  Dhanlaxmi Bank hikes FD rates, now earn as high as 7.25% on a special tenure of 555 days
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🏦 Foreign Banks / FIIs / I-Banks

📝  FIIs driving on top speed see this auto stock gaining most in 5 years
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🏠 Housing Finance

📝  HDFC net profit rises 20% in March quarter
📝  Lifetime Achievement Award: V Srinivasa Rangan; Money, movies and scriptures – he savours them all
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🗎 NBFCs / FIs / MFI

📝  Manappuram Finance clarifies, says ED action against promoter, not company
📝  Piramal Enterprise Q4: NBFC posts net loss of ₹196 cr, dividend declared
📝  Manappuram Finance shares tumble over 14% after ED freezes promoter assets
📝  Received multiple bids, to decide on Credila stake by June: HDFC Mistry
📝  Senior Citizen Fixed Deposit interest rate hiked to 9.6% by SSFB, 9.1% for others – check details
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UPIs / Wallet / FinTech

📝  Paytm Q4 Results: Net loss narrows sharply to Rs 168 crore, revenue jumps 52% YoY
📝  KFin Tech Q4 net profit up by 12 per cent at ₹57 cr
📝  RenQ Finance Price Prediction, How realistic is $3 for RENQ in 2023?
📝  BharatPe rebrands PAYBACK India as ‘Zillion’
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🧔 Brokers / Distributors

📝  Sebi to tell brokers, funds to limit use of financial influencers: Report
📝  Influencer marketing in finance deserves a blanket ban: Anshul Arzare
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Crypto

📝  Bitcoin holds above $29k; Solana, Dogecoin shed up to 2%
📝  Hacks, exploits cause over $100 mn in crypto losses in April: Report
📝  Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
📝  Popularity of memecoin increase the rate of Bitcoin transaction costs
📝  EXCLUSIVE – Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows
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🗠 Mutual Funds / AMCs

📝  Gold mutual funds offer 19% in one year. Can you still invest and make money?
📝  Debt funds could emerge as top choice for savers, investors: Sandeep Bagla
📝  Groww completes Rs 175cr Indiabulls Mutual Fund biz acquisition
📝  India regulator to tell brokers, funds to limit use of financial influencers -sources
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  PropertyPistol raises Rs 45 crore from ICICI Bank, Baring Private Equity Partners
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🗎 Govt. Securities / Bonds

📝  Sebi mandates additional disclosure requirement for issuers of transition bonds
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