Top Indian Banking Industry News & Updates - 27 May 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI imposes Rs 84.50 lakh penalty on Central Bank of India
📝 Higher costs for new deposits may hit bank margins
📝 View: With 2000-rupee scrap, India once again makes money a plaything
📝 Rs 2,000 note deposit rules: These banks do not levy any service charges
📝 Traders body seeks common SOP for banks from RBI for depositing, exchanging Rs 2000 notes
📝 All India Bank Employee’s Association's plea to waive ID for note exchange
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🏦 PSB / Pvt Banks
📝 Bank of India increases FD interest rates by 100 bps; offers up to 7.5% interest
📝 Karnataka Bank appoints Srikrishnan Hari Hara Sarma as MD & CEO
📝 City Union Bank PAT up 4% to Rs 218 cr
📝 When a loan account is tagged fraud: Borrower's respite is bank's worry
📝 Karnataka Bank reports 171% growth in Q4 net profit, recommends dividend of ₹5 per share
📝 India Post considers converting some post offices into full-fledged bank branches
📝 Indian Bank empanelled as Clearing and Settlement Bank with ICCL
📝 DCB Bank sets record date for final dividend: Key points to note
📝 ₹2k: PSBs see queues as pvt banks turn cautious
📝 GAIL goes live with Swift India for digitising bank guarantees
📝 Insurance, MF ventures to list in 15-18 months: Canara Bank MD & CEO
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🏦 Co-operative Banks / RRBs
📝 RBI sanctions merger of Maratha Co-op Bank with Cosmos Co-op Bank
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🏦 Foreign Banks / FIIs / I-Banks
📝 Deutsche Bank, Cerberus to lead $1.7 billion credit raise by Shapoorji Pallonji promoters
📝 DIIs outrun foreign investors with an inflow of ₹3,482 crore in Indian stocks this week; FIIs invest ₹3,230.5 crore
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🏠 Housing Finance
📝 Thinking of prepaying your home loan? Things you should keep in mind
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🏦 Development Banks
📝 Reduce compliance burden to aid investments: NABFID Chairman K V Kamath
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🔍 Rating / Research
📝 Indian economy to surpass 7% growth in FY 23: SBI research report
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🗎 NBFCs / FIs / MFI
📝 Sundaram Finance records highest disbursements in FY23
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UPIs / Wallet / FinTech
📝 Tencent offloads 2% stake in PB Fintech for Rs 562 crore
📝 Fintech firm IRIS Business Services clocks Rs 4.29 crore profit in FY23
📝 Yubi acquires Bengaluru-based credit analytics firm FinFort
📝 Global banks lag in digital transformation, says Infosys Finacle honcho Maiya
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🧔 Brokers / Distributors
📝 Ace investor Rekha Jhunjhunwala lost over ₹500 cr in 1 day in insurance stock, falls by 8.5% on May 26 trade
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Crypto
📝 Bitcoin rises above $26,400 amid positive unemployment data in the US
📝 'Thousands' quit US over crypto negativity: Blockchain chief
📝 Gemini elects Ireland to conduct its European base of crypto services
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🗠 Mutual Funds / AMCs
📝 Sebi to issue mutual fund light regulations for passive funds; seeks to ease compliance burden
📝 Most equity mutual funds offer double-digit returns in one year. What should be your strategy?
📝 How many equity mutual funds can get cheaper after SEBI’s Total Expense Ratio (TER) proposal
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 CCI approves Multiples PE Fund and CPPIB investments in Acko Technology
📝 We expect Indian equities to deliver 12-13% returns in next 12 months: Naveen Kulkarni
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🗎 Govt. Securities / Bonds
📝 Indian bond yields edge up before debt sale, US peers rise further
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