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
Read More >>

🏦 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
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Mauritius-based Wadia Group company took $300 million loan from Deutsche
Read More >>

🏠 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
Read More >>

🗎 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
Read More >>

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?
Read More >>

🗠 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
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

✈ 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
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710