Top Indian Banking Industry News & Updates - 16 May 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  Priority sector loan norms to get a rejig
📝  India Inc may heave a sigh of relief as prominent banks’ MCLR unchanged in May
📝  Unclaimed bank deposits: RBI launches campaign to return amount in unclaimed deposits to their rightful claimants
Read More >>

🏦 PSB / Pvt Banks

📝  Suryoday SFB back in the black in Q4 on renewed biz momentum
📝  Karur Vysya Bank Q4 profit rises 59% to Rs 338 crore
📝  DCB Bank: Earn up to 8% interest rates on savings accounts, FDs
📝  Banks play safe on lending to airlines after Go Air bump
📝  SPML Infra lenders start Rs 2,000-crore debt sale
📝  Bank borrowing via CDs surges 50% in a year
📝  Expansion push: PSBs engage more biz correspondents
📝  HDFC, HDFC Bank share prices to turn ex-dividend today; how much investors may get
📝  Panel may ready new list of public sector banks for privatisation
Read More >>

🏦 Co-operative Banks / RRBs

📝  RBI imposes penalty on Mizoram Rural Bank, Tripura Gramin Bank for violation of norms
Read More >>

💳 ATMs / Credit Cards

📝  NPCC introduces CVV-less payments for tokenised cards
📝  Now make RuPay Credit Card, Debit Card payments without CVV. How it works?
Read More >>

🗎 NBFCs / FIs / MFI

📝  Financial creditors pip operational ones in insolvency filings in FY23
📝  Alpha Alternatives raises Rs 2,100 cr in first close of its maiden structured credit fund
📝  IIFCL’s FY23 PAT soars by 109.16%, crosses Rs. 1,000 crore mark
📝  IIFCL plans to raise ₹16,000 crore this fiscal to fund business growth, says MD Jaishankar
Read More >>

UPIs / Wallet / FinTech

📝  Lizzie Chapman, other co-founders of Zest Money resign months after PhonePe acquisition deal fails
Read More >>

🧔 Brokers / Distributors

📝  Upstox breaks even in FY23 as revenues touch Rs 1,000 crore
Read More >>

🗠 Bourses

📝  NSE Q4 Results: Net profit rises 19% YoY to Rs 1,810 crore; dividend declared at Rs 80 per share
📝  Making all efforts to bring in important products that market would like to trade: Sundararaman Ramamurthy, BSE
📝  BSE relaunches Sensex, Bankex derivative contracts
Read More >>

Crypto

📝  Bitcoin rises above $27,300, Litecoin jumps over 7%
📝  North Korean hackers stole $721 million in cryptocurrency from Japan – Nikkei
📝  Crypto’s most influential firms often follow their own rules
Read More >>

🗠 Mutual Funds / AMCs

📝  Debt mutual funds attracts Rs 1.06 lakh crore in FY23; liquid funds account 60% inflow
📝  ​​What kind of complaints come against MFs or AMCs? Arnav Pandya answers
📝  Best Small Cap Mutual Funds in 5 years: 6 schemes with 16% to 25% returns in 5 years (May 2023)
📝  Mutual funds' collections from New Fund Offers decline 42% in FY23
📝  These equity mutual funds offered over 15% in five, seven, 10 years
📝  Volatility not going to go away for next 12 to 18 months: S Naren
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  E-con raises ₹100 cr in its first PE funding
Read More >>

🗎 Govt. Securities / Bonds

📝  HDFC to raise up to ₹8,000 crore via 5-year bonds at 7.7%
📝  PSU banks raising stakes in interest rate derivatives to diversify risk management
📝  India bond yields seen lower after better-than-expected inflation data
Read More >>

✈ International

📝  ECB fines Goldman Sachs 6.6 million euros for reporting breach
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