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
Read More >>

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
Read More >>

🧔 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
Read More >>


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