Top Indian Banking Industry News & Updates - 25 May 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  Govt rakes in the moolah from handsome dividend by public sector banks
📝  Inflation war not over; FY23 growth may top 7%: RBI Guv Shaktikanta Das
📝  ₹2000 note withdrawal won’t disrupt the economy: Shaktikanta Das
📝  GDP growth may cross 7% in 2022-23: RBI Governor
📝  Rs 2,000 note completed its life cycle, it was time to take it out of circulation: RBI Guv Das
📝  Centre should first explain why ₹2,000 note was introduced: Digvijaya
📝  Withdrawal of Rs 2,000 notes a non-event as India’s digital payments ecosystem robust: SBI Research
📝  Ground reality to guide June rate action: Das
Read More >>

🏦 PSB / Pvt Banks

📝  Banks mull common framework on hearing borrowers before fraud tag
📝  Banks say RBI rules make it difficult to attract top-class talent on boards
📝  IndusInd Bank fixes record date for ₹14 per share dividend, scrip trading near 52-week-high
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Suzlon in talks with Deutsche Bank to raise $350 million
Read More >>

🏠 Housing Finance

📝  Early warning signal framework to help standardise fraud reporting process in HFCs: Officials
📝  Sundaram Finance Holdings net profit surges 48% in FY23 to Rs 237 crore
Read More >>

🏦 Development Banks

📝  'BRICS bank off to a good start in India, states seeking project funds'
📝  India needs country strategy to guide India-New Development Bank partnership: Ashwani K Muthoo
Read More >>

💳 ATMs / Credit Cards

📝  Bankers seek fee on RuPay debit card use
📝  Cash withdrawals at ATMs rise 235% since 2016 demonetisation
Read More >>

🔍 Rating / Research

📝  Moody's affirms Hero FinCorp's long-term corporate rating at
📝  Banking funds top charts, outperform other sectoral plans
Read More >>

🗎 NBFCs / FIs / MFI

📝  Muthoot Finance likely to grow its loan book by 10-15% in FY24
📝  CEA asks finance industry to observe self-restraint, not to indulge in predatory practices
📝  Muthoot Capital registers ₹26 crore net profit in Q4
📝  Poonawalla Fincorp trumps Federal Bank in market valuation
Read More >>

UPIs / Wallet / FinTech

📝  ZestMoney plans to be profitable in 6 months
📝  Global fintech VC firm QED Investors closes $925 million in new funds
📝  Digitisation, new technologies unlatched opportunities in debts' collections: Credgenics' Rishabh Goel
Read More >>

🗠 Bourses

📝  BSE, NSE put Adani Enterprises under short-term ASM framework
Read More >>

Crypto

📝  Three held for cheating on pretext of investment in cryptocurrency
📝  No way to police all cryptocurrency fraud, CFTC commissioner says
Read More >>

🗠 Mutual Funds / AMCs

📝  HDFC-HDFC Bank merger: HDFC AMC receives Sebi approval to change control
📝  Sebi mulls prohibiting differential rights to AIF investors
📝  Looking for mutual fund schemes to manage liquidity? Here is a pool of options for investors
📝  Invest long term, invest in India: Quant founder Sandeep Tandon
📝  HDFC AMC gets SEBI's final approval for change in control due to merger
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  KKR Infra fund looks to buy majority stake in supply chain firm leap India
📝  CPP Investments’ India portfolio hits Rs 1.3 trillion
📝  SBFC Finance secures pre-IPO funding of ₹150 cr from Amansa
📝  Fresh tax troubles brewing for FPIs
📝  ‘India is a shining light in venture ecosystem, Rajat Agarwal, MD, Matrix Partners India
📝  FDI flows plummets 16% in FY23 to USD 71 billion
Read More >>

🗎 Govt. Securities / Bonds

📝  Indian bond yields seen little changed, higher US yields hurt
📝  T-bill yields slump on expected rise in system liquidity
📝  IRFC, NHB raise Rs 4,500 crore via bond issues
📝  Surety bond relief for highway companies
Read More >>

✈ International

📝  Fed agreed need for more rate hikes after May meeting was 'less certain'
📝  BoE's Bailey welcomes inflation drop, sees risk of a slow falls ahead
Read More >>


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