Top Indian Banking Industry News & Updates - 23 May 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 Fate of Rs 2,000 notes after September? Call closer to deadline: RBI governor Shaktikanta Das
📝 The purpose of Rs 2,000 in the system has been fulfilled, says RBI Governor Shaktikanta Das
📝 RBI may revisit its toolkit to manage liquidity at banks after sudden surge
📝 RBI Guv addresses board members of PSU banks on governance, ethics
📝 Rs 2000 note withdrawn: Here's what RBI Governor says on reintroduction of Rs 1000 banknotes
📝 No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das
📝 Provide shade and water to those exchanging or depositing Rs 2,000 notes: RBI to banks
📝 Bank deposits may rise by Rs 2 lakh cr on Rs 2,000 notes deposits: Experts
📝 Some money may now flow into gold, realty and high-value white goods
📝 Rs 2,000 note circulation: HDFC sends emails to customers, know what it says
📝 Impact of Rs 2,000 notes withdrawal 'very very marginal' on economy: Shaktikanta Das
📝 Banks gear up for ₹2,000 note rush as RBI sets ground rules
📝 PIL in Delhi HC against RBI, SBI permitting Rs 2K note exchange without identity proof
📝 Withdrawal of Rs 2,000 notes: Sanjay Raut accuses PM Modi of taking 'arbitrary' decisions
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🏦 PSB / Pvt Banks
📝 Public sector banks achieve record profit of over ₹1 lakh crore in FY23
📝 Banks’ deposit rates seen peaked as note withdrawal may fuel mobilisation
📝 RBI pushes for stronger governance at public sector banks
📝 Indian Bank looking digital forward with large outlay
📝 Canara Bank’s CGM appointed Deputy MD at IDBI Bank
📝 Canara Bank’s technology spend this year put at Rs 1,200 crore: MD & CEO, K Satyanarayana Raj
📝 Canara Bank’s technology spend this year put at Rs 1,200 crore: MD & CEO, K Satyanarayana Raj
📝 ‘Focus will be on recovery, reduction in NPAs to improve profitability’ Atul Kumar Goel, MD& CEO of PNB
📝 Dhanlaxmi Bank Q4 net up 63% to Rs 38 cr on improvement in asset quality
📝 SBI slow in procurement of goods, services from GeM portal in 2022-23
📝 Non-customers of South Indian Bank must provide officially valid document for exchanging Rs 2,000 notes
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🏦 Foreign Banks / FIIs / I-Banks
📝 DBS to complete retail offerings with super premium credit cards
📝 DBS sees annual profit to exceed S$10 billion in medium term
📝 FII tracker: Rs 20,000 crore just flew into banks & other 5 sectors
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🏠 Housing Finance
📝 LIC Housing extending loan term to ease borrower burden
📝 Indiabulls Housing Finance Q4 results: Net profit falls 14% to Rs 263 crore
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💳 ATMs / Credit Cards
📝 ATMs stop dispensing Rs 2,000 notes, CRMs can still accept deposits
📝 April credit card spends fall 3.3%
📝 Clarity needed on TCS levy on credit card payments, distinction between biz/personal visits: Tax experts
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🗎 NBFCs / FIs / MFI
📝 Our AUM can grow at 30% for next 3-5 years: Five Star Business CEO
📝 Cholamandalam to tread cautiously in EV financing in the near term
📝 Sebi, RoC to now probe alleged wrongdoings at PTC India Fin
📝 Muthoot Capital Services reports Q4 net at Rs 25.96 crore
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UPIs / Wallet / FinTech
📝 PhonePe raises additional $100 million investment from General Atlantic
📝 Digital lenders focus on portfolio quality
📝 CCAvenue partners with PayPal to enable MENA businesses make global payments
📝 PB Fintech Q4 Results: Loss shrinks to Rs 9 crore; Policybazaar parent co breaks even at operating level
Read More >>
Crypto
📝 Binance celebrates Bitcoin Pizza Day through pizza design-based tasks for users
📝 Joe Biden rejects proposal for debt deal security of crypto traders
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🗠 Mutual Funds / AMCs
📝 Sebi’s ‘perform or perish’ proposal stumps AMCs
📝 Selling MFs likely to be tough for some insurers
📝 Why mutual funds matter to your financial well-being
📝 HDFC Mutual Funds's NFO a high-risk bet on India's defence prowess
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 ‘Financial sponsors are now ready to turn promoters’, S Ramesh, CEO of Kotak Investment Banking
📝 TVS Capital Funds elevates Gaurav Sekhri to Partner
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🗎 Govt. Securities / Bonds
📝 Paytm Money launches bonds platform, making investing easier for retail investors
📝 Paytm Money launches bond investing on its platform for retail investors
📝 Indian bond yields seen lower after RBI’s currency move to aid liquidity, debt buy
📝 10-year yield below 7% as RBI's currency move boosts debt purchase
📝 ‘Inflation vanquished’, long-term fundraise faces no constraints
📝 NHB, IRFC plan bond sales to raise up to Rs 4,500 crore
📝 Torrent Power board to consider plan to raise up to Rs 3,000 cr via NCDs
📝 Government has no plans to raise funds via green bonds in FY24
Read More >>