Top Indian Banking Industry News & Updates - 10 May 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI imposes hefty fine of Rs 1.73 crore on HSBC bank, here's why
📝 Give banks capital leeway for insurance-backed trade finance products: IBA to RBI
📝 RBI directs users to pay fee, charges on forex cards in rupees
📝 Social security schemes safeguard underprivileged from financial vulnerability: FM Sitharaman
📝 RBI mandates rupee-only settlement of fees for certain cards
📝 Banks knock RBI door with plan to curb online frauds
📝 Overseas realty buys under RBI scrutiny
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🏦 PSB / Pvt Banks
📝 SBI board to meet on 18 May to consider financial results, dividend
📝 SBI appoints Swati Gupta as director on its central board of directors
📝 HDFC Bank allots 4561966 equity shares under ESOP
📝 Bank deposit rates: How the tide turned, in charts
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💳 ATMs / Credit Cards
📝 Nabard, SBI Cards may seek up to Rs 5,800 cr via bond issues
📝 AU Small Finance Bank launches RuPay credit card for self-employed customers
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🗎 NBFCs / FIs / MFI
📝 Five Star Business Finance Q4 net jumps 43% to ₹169 crore
📝 Parminder Chopra, first woman to lead India’s largest NBFC
📝 Will appoint CEO for NBFC ops in next 3 months, says Jupiter founder
📝 Sebi issues notices to PTC India financial arm over corporate governance lapses: Report
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UPIs / Wallet / FinTech
📝 Paytm Payments Bank rolls out new features on Paytm UPI
📝 UPI Lite has gained traction on Paytm, says fintech company
📝 Axis Bank links RuPay credit cards with UPI
📝 Razorpay to reverse flip its domicile back to India
📝 RazorpayX launches new solution to provide escrow accounts to merchants for easy money transfers
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🧔 Brokers / Distributors
📝 Brokers call For Sebi intervention to avert a freeze on bank accounts
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🗠 Bourses
📝 Sebi levies Rs 35 lakh fine on 7 entities for non-genuine trades
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Crypto
📝 Bitcoin tanks below $27,600; Polygon, Dogecoin decline up to 4%
📝 Cryptoverse-Tether gets a lift from stability doubts
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🗠 Mutual Funds / AMCs
📝 19 equity mutual funds offered over 20% SIP returns in five years
📝 Top performing Large, Mid and Small Cap Mutual Funds in 10 years and their Top 10 stocks
📝 Mutual funds: Top three developments in one week that MF investors must know
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 There is no scarcity of capital as India has created the right environment for investors: Carlyle Asia Chairman Xiang-Dong
📝 Baring Asia plans to sell minority stake in Sagility
📝 Indian equity markets are not attractive for now: Credit Suisse
📝 HK’s Gaw Capital in advanced talks to buy Atria stake
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🗎 Govt. Securities / Bonds
📝 Look at privately placed NBFC paper while building a bond kitty
📝 NABARD to issue over 3-year bonds: Bankers
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✈ International
📝 Why BNP, UniCredit and other European banks aren’t stressed out
📝 Banks report tougher credit standards in wake of failures
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