Top Indian Banking Industry News & Updates - 13 May 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI asks banks to ensure complete transition from LIBOR by July
📝 Banks to launch 100 days campaign to trace & settle unclaimed deposits: RBI
📝 Sitharaman pitches for strengthening of MDBs to address trans boundary challenges
📝 April CPI data gives confidence monetary policy on right track: RBI chief
📝 FinMin asks Sponsor Banks to handhold RRBs for technology adoption
📝 Ongoing efforts. Banks to commence ‘100 Days 100 Pays’ campaign for return of unclaimed deposits
📝 RBI to join GFIN’s Greenwashing TechSprint to tackle ESG risks
📝 Inflation numbers show monetary policy's on the right track: RBI Governor Shaktikanta Das
📝 Banks can tag loan fraudulent without personal hearing: SC
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🏦 PSB / Pvt Banks
📝 RBI imposes Rs 2.92 crore penalty on Canara Bank
📝 Exim Bank to raise up to $4 billion this year
📝 Bank of Baroda hikes FD interest rates by 30 bps; senior citizens to get up to 7.75% rate
📝 IOB reports double-digit rise in net profit in March quarter & FY23
📝 South Indian Bank shares jump 11% on strong Q4 earnings
📝 Banks have to be conscious of co lending risks: SBI MD
📝 Judiciary to be in sync with bankruptcy law to ensure banks can recover dues: Uday Kotak
📝 Fraudulent A/cs: Supreme Court rejects SBI plea on ruling applicability
📝 Ujjivan SFB shares rise 5% post Q4 results. Should you buy it?
📝 Senior Citizens can now book Fixed Deposits in Bank of Baroda at higher interest rates; Details here
📝 Proposed subsidiary. EXIM Bank to launch GIFT City trade finance arm by Q3 FY24
📝 PNB limits investment in '0 premature withdrawal penalty' Sugam FDs to Rs 10 lakh
📝 Bank of Maharashtra revises record date for dividend: Check new date here
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🏦 Co-operative Banks / RRBs
📝 Improve credit delivery in rural areas: DFS Secretary to RRBs
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🏦 Foreign Banks / FIIs / I-Banks
📝 Weekly trade: FII invests ₹7,750 cr in Indian equities this week, DIIs sold ₹1,262 cr
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🏠 Housing Finance
📝 Home Loan processing fees reduced by 50% for Mother’s Day by SHFL – Check details
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💳 ATMs / Credit Cards
📝 Everything you need to know about your Debit Card
📝 SBI Card to focus on “hyper-personalisation” for improved customer engagement: Rama Mohan Rao Amara
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🗎 NBFCs / FIs / MFI
📝 Microfin lenders mull dedicated special-purpose funding body
📝 Oxane signs multiple deals in 2023, including with global banks and private credit funds
📝 Indian microfinance sector seeks a dedicated funding institution in line with Bangladesh model
📝 Five Star Business Finance shines bright with 37% AUM growth in Q4 but risks remain
📝 Manappuram Finance Q4 Results: Net profit rises 58% to ₹429 crore, dividend declared
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UPIs / Wallet / FinTech
📝 Spice Money and BCG to build a digital financial service platform for rural India
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🧔 Brokers / Distributors
📝 Karvy Stock Broking case: Sebi fines ₹1.9 crore on 4 former officials of Karvy Group
📝 'Zerodha won't fire anyone because of AI': CEO Nithin Kamath shares details about company's new policy
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Crypto
📝 Montenegro court agrees to release founder of cryptocurrency firm Terraform Labs on bail
📝 Bitcoin tanks below $26,200, Ethereum, Polygon shed over 4%
📝 PayPal records $943 million worth cryptocurrency assets for Q1, 2023
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🗠 Mutual Funds / AMCs
📝 Equity mutual fund flows, SIPs fall in April despite rebound
📝 Quant Mutual Fund launches Quant Business Cycle Fund
📝 LIC MF to grow share of equity AUM to its total business; focus on drawing more retail participation
📝 Mutual funds: SEBI mulling this plan to benefit MF investors
📝 5 best dynamic asset allocation mutual funds to invest in 2023
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Carlyle is weighing entry into private credit market in India
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🗎 Govt. Securities / Bonds
📝 10-year G-Sec yield closes below 7 per cent
📝 India bond yields little changed ahead of debt sale
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