Top Indian Banking Industry News & Updates - 17 May 2023,Wednesday

🗎 RBI / MoF / Govt. Policies

📝  Regulatory overhaul. Payments banks approach RBI to rehaul regulations
📝  Banks seek more time from RBI to meet ECL provisioning norms
📝  Govt panel may ready new list of public sector banks for privatisation
📝  India Inc may heave a sigh of relief as prominent banks’ MCLR unchanged in May
📝  Reserve Bank of India expected to consider dividend payout this week
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🏦 PSB / Pvt Banks

📝  Bank of Baroda made provision of Rs 500 cr against GoFirst exposure
📝  Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures
📝  Bank of Baroda Q4FY23 profit jumps 158.7% at Rs 5,255.17 crore, dividend announced
📝  SME slippages should start coming flown soon : Sanjiv Chadha, MD & CEO, BoB
📝  SPML Infra lenders start Rs 2,000-crore debt sale based on anchor bid from NARCL
📝  Banks request RBI for more time for new loan provisioning system
📝  Bank of Baroda now has a business model as competitive as any private bank: Sanjiv Chadha, CEO
📝  Banks flag high overnight rates, liquidity terms
📝  HDFC Bank, HDFC to trade ex-dividend today
📝  Kotak vs Watsa: The battle for acquiring IDBI Bank intensifies
📝  IDBI Bank data room to open for bidders soon
📝  Star Union Dai-ichi eyeing more bank tie-ups to bolster bancassurance channel
📝  IDBI, BOB and SBI Capital to manage IREDA IPO
📝  Kotak Mahindra bank increases loan rates, here's how it may impact you
📝  Doors not shut for funding airlines; strong players creditworthy: BoB CEO
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Russian companies investing rupee surplus in Indian government bonds: IBA chief
Read More >>

🏠 Housing Finance

📝  Shriram Finance yet to decide on stake dilution in housing finance arm, may infuse capital by year-end
📝   LIC Housing Finance Q4 Results: Net profit up 5% to ₹1,180 crore, dividend declared
Read More >>

🔍 Rating / Research

📝  Care Ratings concerned about Bombay Dyeing's ability to service Rs 3597 crore debt
📝  Mudra loans sanctioned, disbursed hit all-time high in FY23; ticket size nearly doubled: SBI Research
📝  Proactive risk management will secure Indian finance
Read More >>

🗎 NBFCs / FIs / MFI

📝  Altigreen partners with Indian Bank to provide retail finance solution
📝  CreditAccess Grameen Q4 net profit jumps 86% to ₹297 crore
📝  Vehicle financiers diversify product mix to boost AUMs
📝  M2P to power North East Small Finance Bank’s core banking
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UPIs / Wallet / FinTech

📝  ZestMoney announces new leadership after founders exit
📝   Paytm elevates Bhavesh Gupta as President and Chief Operating Officer
📝  UPI a big hit with retailers: Neogrowth’s Digital Payments Study
📝  Zomato begins its own UPI offering, Flipkart expected to follow soon
📝  How Airpay fought for survival and triumphed
📝  70% of MSMEs believe more than 50% of customers will pay using UPI
Read More >>

🧔 Brokers / Distributors

📝  Bullish on capex and realty stocks? L&T, Greenpanel among 19 ideas from ICICI Securities
📝  In just 30 minutes, Nithin Kamath realised that 20% of jobs at Zerodha can be automated with ChatGPT
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🗠 Bourses

📝  NSE gets approval to delist Nifty50 from SGX, SGX Nifty rechristened GIFT Nifty
📝  BSE faces arduous climb in renewed derivatives push
📝  BSE trims contract prices, tick size in chase for market share
📝  NSE listing process still to get Sebi nod
Read More >>

Crypto

📝  Bitcoin holds above $27k, Polkadot, Solana fall over 2%
📝  Bitget ranks in the top 5 crypto derivatives exchange
📝  EU states approve world’s first comprehensive crypto rules
Read More >>

🗠 Mutual Funds / AMCs

📝  Will performance-linked mutual fund fee mean better returns for you?
📝  What should be investment strategy for HNIs after tax blow to Debt MF?
📝  India’s first Defence Mutual Fund launched by HDFC AMC. What is it and where will it invest? NFO details here
📝  Investors throng to Gold ETFs; invest Rs 124 cr in 'safe haven' asset class
Read More >>

🗎 Govt. Securities / Bonds

📝  Irdai relaxes norms for surety bonds to expand market for such products
📝  Russian firms investing rupee surplus in govt bonds
📝  Sebi may expand definition of QIB for debt securities
📝  HDFC, PFC plan debt raise of up to Rs 6,500 cr
Read More >>

✈ International

📝  Lebanese central bank governor no-show in Paris corruption probe
📝  Ex Silicon Valley Bank head says social media 'fueled' run on doomed bank
Read More >>


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