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
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🏦 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
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🏦 Foreign Banks / FIIs / I-Banks
📝 Suzlon in talks with Deutsche Bank to raise $350 million
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🏠 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
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🏦 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
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💳 ATMs / Credit Cards
📝 Bankers seek fee on RuPay debit card use
📝 Cash withdrawals at ATMs rise 235% since 2016 demonetisation
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🔍 Rating / Research
📝 Moody's affirms Hero FinCorp's long-term corporate rating at
📝 Banking funds top charts, outperform other sectoral plans
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🗎 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
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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
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🗠 Bourses
📝 BSE, NSE put Adani Enterprises under short-term ASM framework
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Crypto
📝 Three held for cheating on pretext of investment in cryptocurrency
📝 No way to police all cryptocurrency fraud, CFTC commissioner says
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🗠 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
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🗎 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
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🗎 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
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✈ 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
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