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
Read More >>
🏦 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
Read More >>
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
Read More >>
🗠 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 >>