Top Indian Banking Industry News & Updates - 08 May 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 Centre may see a big jump in RBI dividend in FY24
📝 Small Talk: Giving up hope to secure a banking licence
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🏦 PSB / Pvt Banks
📝 Bank of India Q4 Results: Net profit doubles to Rs 1,388 crore
📝 UBI Q4 profit zooms 81 pc on higher recoveries from written-off loans
📝 Equitas Small Finance Bank reports Q4 net profit at Rs 190.03 cr
📝 Transactions under rupee vostro account likely to gain traction
📝 Kotak Mahindra first bank to relocate Mauritius Domiciled Fund to GIFT IFSC
📝 High concentration in TN isn’t a risk: TMB MD & CEO
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🏦 Foreign Banks / FIIs / I-Banks
📝 Vedanta repays USD 800 million loan to Standard Chartered Bank
📝 FPIs turn their focus back on BFSI, buy stocks worth Rs 7,690 cr in April
📝 India’s foreign exchange reserves rise to $588.78 billion
📝 ‘There will be other…’: Aswath Damodaran’s concerning forecast on US banking crisis
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🏠 Housing Finance
📝 HDFC – Sustained growth in FY24
📝 Piramal Capital in talks with RBI on milestones to achieve for housing finance tag
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💳 ATMs / Credit Cards
📝 Financial Inclusion: Mastercard’s agri marketplace links farmers, traders and banks
📝 SBI, HDFC, Axis, ICICI or any other credit card user? Check new IRDAI rule for loan payment
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🗎 NBFCs / FIs / MFI
📝 TVS Credit Services reports 76% rise in Q4 net profit to ₹111 crore
📝 NBFCs step up used car funding as EVs catch on
📝 'ED's visit' nothing to do with Manappuram Finance, says its managing director
📝 TVS Credit to focus on enhancing leveraging data and technology
📝 Banks bet on private capex, NBFC growth to drive corporate credit FY24
📝 Muthoot Microfin clocks ₹203 crore profit for FY23
📝 Aadhaar-based verification: 22 financial companies can verify customers using Aadhaar
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UPIs / Wallet / FinTech
📝 Next milestone to be free cashflow positive, AI to bring efficiencies: Paytm CEO Vijay Shekhar Sharma
📝 KFin Tech Q4 net profit up by 12 per cent at ₹57 cr
📝 Paytm logs Rs 7,990 crore revenue in FY23, becomes India's highest earning new-age firm
📝 Paytm’s loan disbursements grow by 148% in April; number of loans disbursed rises by 56% YoY
📝 Simplified control mapping need of hour for fintechs in India: Aayush Ghosh Choudhary
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🗠 Bourses
📝 Strong bank, auto results boost Q4 blue-chip profits
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Crypto
📝 5 reasons why India requires a thriving cryptocurrency economy
📝 Governments worldwide embrace web3.0 and crypto assets with positive regulatory policies
📝 Regulatory harmonization to drive crypto adoption
📝 Binance pauses Bitcoin withdrawals, second time in less than 12 hours. Here is why
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🗠 Mutual Funds / AMCs
📝 Debt AIFs ready for a big leap with the new lease of life from regulators
📝 7 sectors this Tata MF fund manager is ready to bet on in this market
📝 G-Sec STRIPS trade leaps 600% since FY19 as insurers flock to bond Street
📝 Debt mutual funds holding long duration bonds have gained the most in the past four months
📝 Best Mid Cap Mutual Funds in 1 year: 9 schemes with over 11% returns
📝 AMC stocks witness a subdued year
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs remain buyers of Indian equities; invest Rs 10,850 cr in just four trading sessions
📝 `We are coming off an exuberant valuation phase' : Renuka Ramnath the founder & MD & CEO, Multiple Alternate Asset Management
📝 ChrysCap diversifies into public market, launches special fund
📝 Blackstone-backed Nexus Select Trust to focus on eastern India for fresh acquisitions
📝 ITAT ruling puts PE, VC firms in a spot of bother
📝 Interview: ‘It’s much harder to look for an exit via IPO,’ says Rishi Mandawat, partner, Bain Capital
📝 3One4 Capital raises $200 mn for its 4th venture capital fund
📝 ‘Market downturns are the best time to invest’: Anand Prasanna, managing partner and co-founder at Iron Pillar
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✈ International
📝 Charting the global economy: Fed, ECB policies may diverge
📝 Credit Suisse senior staff were paid unreported bonuses: Paper
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