Top Indian Banking Industry News & Updates - 09 May 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 GST violations case: Finance ministry refuses to act on insurers' plea, refers matter to Irdai
📝 At 7.5% rate, Mahila Samman Savings Certificate offers higher interest than bank FDs; who should invest?
📝 RBI wants banks to sign new locker agreement with clients
📝 RBI's gold reserves rise to 794.64 tonne at March-end 2023
📝 Finance minister Nirmala Sitharaman seeks special drive for unclaimed bank deposits
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🏦 PSB / Pvt Banks
📝 Canara Bank doubles Q4 net profit on robust loan growth
📝 Canara Bank Q4 Results: Net profit zooms 90% YoY to Rs 3,175 crore; Rs 12/share dividend declared
📝 Indian Bank Q4 net profit rises 47 pc to Rs 1,447 cr
📝 Now get an HDFC Bank personal loan in 10 seconds
📝 10 banks offering cheapest personal loan interest rates
📝 HDFC Bank hikes home loan, and other lending rates by up to 15 bps: Check new rates
📝 Bank of India shares plunge 9% as NPAs rise in Q4
📝 Asset quality not to be an issue, NPAs to go down further: Rajneesh Karnatak, Bank of India
📝 Banks opt to go slow on fraud classification
📝 Union Bank of India to start wealth management vertical, says MD & CEO Manimekhalai
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🏦 Co-operative Banks / RRBs
📝 RBI slaps monetary penalty on two co-operative banks for non-compliance with rules
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🏦 Foreign Banks / FIIs / I-Banks
📝 RBI imposes Rs 1.73 crore penalty on HSBC
📝 Japan's Daiwa to pick up 15% stake in Ambit
📝 Deadlock continues as India and Russia scramble to find non-rupee payment system
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💳 ATMs / Credit Cards
📝 Can’t manage your credit card payments? Seek help before it’s too late
📝 This new credit card for small businesses offers cashbacks, loans, discounts, insurance, more; see details
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🗎 NBFCs / FIs / MFI
📝 Banks bet on private capex, NBFC growth to drive corporate credit FY24
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UPIs / Wallet / FinTech
📝 In ‘reverse flip’, Razorpay parent entity plans to return to India from the US
📝 Fintech sector to become $1.5 trillion industry by 2030, Asia-Pacific to outpace US at 27% CAGR, says report
📝 BetterPlace acquires fintech lending startup Bueno Finance
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Crypto
📝 Bitcoin falls below $28,200; XRP, Polygon decline up to 5%
📝 Crypto stocks fall after Binance halts bitcoin withdrawals for hours
📝 Crypto exchange Bittrex files for bankruptcy after SEC complaint
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🗠 Mutual Funds / AMCs
📝 SIPs and SWPs combo to lead to the next big phase of investment: Prateek Pant, WhiteOak Capital AMC
📝 Fixed income should be seen as part of core asset allocation by investors: Invesco MF
📝 Best Performing Flexi Cap mutual funds in 1 year: 12 schemes with over 10% returns
📝 Sebi explores two options for mutual fund performance fee plan
📝 Performance-linked fees for Mutual Funds
📝 Over half of new MF investors in last 5 years were millennials; only 5% prefer DIY
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🗎 Govt. Securities / Bonds
📝 Russian surpluses with Indian banks said to be flowing into local Gsecs
📝 RBI parks incremental reserves in US treasuries, other sovereign securities
📝 PFC scraps three-year floating rate bond sale
📝 Senior Citizen Savings Scheme: Eligibility, benefits and interest rate of government-backed SCSS
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