Top Indian Banking Industry News & Updates - 18 May 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 SBI Funds Management gets RBI nod to raise upto 9.99% stake in HDFC Bank
📝 Bank Retirees’ Association requests Govt to expedite pension updation
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🏦 PSB / Pvt Banks
📝 Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal, says CEO Chadha
📝 SBI Q4 Preview: PAT may surge 66% YoY on strong loan book, NII growth
📝 Our retail growth is going to be faster than corporate growth: Sanjiv Chadha, Bank of Baroda
📝 Fraud classification may get delayed: Banks
📝 AU Small Finance Bank hikes FD rates, now earn as high as 8% on this tenor
📝 Federal Bank revises interest rates on savings account and FDs effective from today: Details inside
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🏦 Foreign Banks / FIIs / I-Banks
📝 Vedanta Resources Ltd taps global banks for $500-600 million loan
📝 Goldman Sachs slashes Adani Group stakes in ESG funds
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🏠 Housing Finance
📝 LIC Housing Finance Q4 standalone net rises 6% to ₹1,180 cr.
📝 LIC Housing to focus on LAP, intensify its recovery efforts
📝 SBI Home Loan: Credit score to determine your interest rate, avail special facility
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💳 ATMs / Credit Cards
📝 Credit card spends in forex under LRS now, travel industry bodies oppose move
📝 Government tightens rules on global credit card transactions by Indian travellers abroad
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🗎 NBFCs / FIs / MFI
📝 HDB Fin stock surges on clean-up of bad loans
📝 Banks look to take acquisition route to build MFI book
📝 MediBuddy, Indel Money partners to provide unique health cover and services to gold loan customers
📝 Auto financiers diversify portfolio to maintain AUM growth, NIMs
📝 Geojit Financial Services launches mobile trading platform 'FLIP'
📝 Aditya Birla Capital to keep focus on arms
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UPIs / Wallet / FinTech
📝 ZestMoney elevates senior employees to top roles
📝 Paytm elevates Bhavesh Gupta as President and COO
📝 Sent money to a wrong account via PhonePe, Paytm, Google Pay? Step-by-step guide of how to get it back
📝 Jan Dhan scheme speedily narrows banking gap in India, empowers women
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🧔 Brokers / Distributors
📝 ‘Most brokers have lost users this year despite marketing efforts’
📝 Geojit Financial Services introduces new mobile trading platform FLIP to replace SELFIE
📝 Indian banks' earnings to stay strong, says LKP Securities; here are its top 5 bets in this space
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🗠 Bourses
📝 BSE Listed Pressure Sensitive Systems India Ltd. Experiences 2% Surge in Share Prices Following Launch of New Data Centre
📝 What’s behind BSE’s decision to relaunch derivatives?
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Crypto
📝 Bitcoin falls below $27k, XRP, Litecoin climb up to 5%
📝 Ripple buys crypto custody firm Metaco for $250 million
📝 Bitget launches ‘India Learns Crypto’ roadshow to increase crypto awareness
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🗠 Mutual Funds / AMCs
📝 HDFC Mutual Fund launches India's first defence fund
📝 Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Value Fund
📝 Sectoral funds set to grow at faster pace driven by new launches, flows: LIC MF
📝 Be selective to beat volatility shockers in small cap mutual fund schemes, says Nitin Rao of Epsilon Money Mart
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