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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