Top Indian Banking Industry News & Updates - 12 May 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 RBI to participate in UK Sandbox to tackle ESG Greenwashing
📝 RBI to banks: Treat GST-exempted informal units with Udyam Assist certificate as micro units for priority loans
📝 Investments via PLI schemes top priority: Nirmala Sitharaman
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🏦 PSB / Pvt Banks
📝 Ujjivan SFB’s Q4 PAT up over two-fold on strong NII growth, recoveries
📝 South Indian Bank logs 23% rise in profit
📝 Digital transactions on the rise, but banks 'branch out' to drive growth
📝 Go First's bank loans to be classified as "bad", but has strong collaterals
📝 ACRE set to buy out SBI's loans to road company in West Bengal
📝 South Indian Bank shortlists candidates for MD post
📝 ESAF Bank net profit soars 452% in FY23
📝 PSBs remain bullish on MSMEs, to keep growing loan book
📝 Bank of Baroda launches Electronic Bank Guarantee on its digital platform
📝 Transfer SBI account's branch digitally, follow these simple steps
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🏦 Foreign Banks / FIIs / I-Banks
📝 Mauritius-based Wadia Group company took $300 million loan from Deutsche
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🏠 Housing Finance
📝 Record disbursements buoy Sundaram Home’s profit in FY23
📝 Banks disbursed home loans worth ₹9 trillion in 2022: Report
📝 HDFC looks to sell Rs 2,000 crore stressed developer loans
📝 HDFC to raise at least ₹30 bn via five-year bonds
📝 HDFC and HDFC Bank merger to bring changes to interest rates and rules? Know here
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🗎 NBFCs / FIs / MFI
📝 Aditya Birla Capital net profit up 35% on loan growth
📝 BOB, IDBI, SBI Capital in race to manage IREDA IPO
📝 Tamboli Capital reports rise in profit to ₹7.71 lakh in Q4
📝 e-Sprinto partners with multiple companies for EV financing
📝 ED raids can hit Manappuram Finance hard
📝 Things to keep in mind before buying your first vehicle
📝 Unnati’s Ora Finance awarded license to operate NBFC, to widen access to credit in agriculture sector
📝 Chola to maintain 22-25% AUM growth in FY24
📝 Avoid debt to whatever extent possible, says Nehal Mota of Finnovate
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UPIs / Wallet / FinTech
📝 PhonePe will likely go for an India listing, says Walmart CEO Doug McMillon
📝 SoftBank sells 2% stake in Paytm; here’s how much it is left with now
📝 Startups flipping to India gain pace in fintech, other segments
📝 BharatPe ‘failed fintech’, it has no business left: Ashneer Grover
📝 Tata Capital launches payment facility, UPI 123PAY for feature phone users
📝 Is there light at the end of the tunnel for Paytm?
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🗠 Bourses
📝 BSE’s net profit rises 24 pc to Rs 88.61 crore in March quarter
📝 NSE to launch WTI crude derivatives in rupees
📝 SoftBank sells 2% stake in Paytm to meet SEBI takeover rules
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Crypto
📝 Bitcoin falls below $27,600, Polkadot, Litecoin rise up to 2%
📝 Crypto firms call for global consensus instead of "fire hose" of rules
📝 Robinhood witnesses a 30% fall in crypto revenue in Q1, 2023
📝 Grayscale Investments to launch crypto ETFs based on SEC’s approval
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🗠 Mutual Funds / AMCs
📝 Equity MF flows, SIPs fall in April despite rebound
📝 MFs equity inflow dip 68% as investors book profit
📝 HNIs preferring FDs over debt mutual funds: Report
📝 Wait for global economic risks to wane before making lumpsum equity investment: Bandhan AMC
📝 LIC MF sees merger with IDBI MF being completed in H1
📝 Stay away from high beta names in the current market scenario: Sandeep Tandon
📝 Mutual funds net inflows at 3-year high of ₹1.21 lakh cr, but why are equity funds taking a hit
📝 What are mutual funds (MFs)? An investment guide for beginners
📝 Around Rs 2,637.94 crore lying unclaimed with mutual funds: Amfi data
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🗎 Govt. Securities / Bonds
📝 Nabard raises Rs 4,929 cr via multiple bonds
📝 Overnight rates refuse to fall in line with RBI's rate moves
📝 Bond yields fall as US data hints Fed may pause rate hikes
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✈ International
📝 Bank of England raises interest rates to 4.5% as inflation is slow to fall
📝 Bank of England admits it got wrong on recession
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