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
Read More >>

🧔 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
Read More >>

🗎 Govt. Securities / Bonds

📝  Look at privately placed NBFC paper while building a bond kitty
📝  NABARD to issue over 3-year bonds: Bankers
Read More >>

✈ International

📝  Why BNP, UniCredit and other European banks aren’t stressed out
📝  Banks report tougher credit standards in wake of failures
Read More >>


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