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
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🏦 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
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🏦 Co-operative Banks / RRBs
📝 RBI imposes penalty on Mizoram Rural Bank, Tripura Gramin Bank for violation of norms
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💳 ATMs / Credit Cards
📝 NPCC introduces CVV-less payments for tokenised cards
📝 Now make RuPay Credit Card, Debit Card payments without CVV. How it works?
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🗎 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
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UPIs / Wallet / FinTech
📝 Lizzie Chapman, other co-founders of Zest Money resign months after PhonePe acquisition deal fails
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🧔 Brokers / Distributors
📝 Upstox breaks even in FY23 as revenues touch Rs 1,000 crore
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🗠 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
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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
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 E-con raises ₹100 cr in its first PE funding
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🗎 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
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✈ International
📝 ECB fines Goldman Sachs 6.6 million euros for reporting breach
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