Top Indian Banking Industry News & Updates - 29 May 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 Cabinet secretary-led panel to interview five candidates for RBI deputy governor's post on June 1
📝 Centre in talks with banks on transfer of attached assets
📝 Changing of Rs 2,000 currency notes off to a slow yet smooth start
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🏦 PSB / Pvt Banks
📝 Bank of Maharashtra top performer in NPA management during FY23
📝 Plan change: ICICI Bank to hike stake in ICICI Lombard
📝 Banks report lowest bad loan provisioning in Q4 since the pandemic amid improving asset quality
📝 Banks’ provisioning for NPAs falls for fifth quarter in a row in Q4
📝 After initial hiccups, 3 payments banks turn profitable
📝 Karnataka Gramin Bank’s business grows 7% to ₹61,000 cr in FY23
📝 Bank of Maharashtra’s advances to grow 1.5 times the banking industry average in FY24: Chief Rajeev
📝 ₹2,000 note exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks
📝 Karnataka Bank Q4 results: Net profit up 171.5%, dividend declared
📝 ICICI to raise stake in general insurance business above 50 per cent
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🏦 Foreign Banks / FIIs / I-Banks
📝 FII flows, global events among top 10 factors to dictate Dalal Street mood this week
📝 Is the foreign banking landscape changing in India?
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🏠 Housing Finance
📝 Repco Home Finance net up 95% in Q4
📝 Indiabulls Housing working on a new identity
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🗎 NBFCs / FIs / MFI
📝 PFC Q4 net profit rises over 42% to Rs 6,129 crore
📝 Shriram supports entrepreneurs lacking access to formal finance: YS Chakravarthi
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UPIs / Wallet / FinTech
📝 UPI to account for 90% of retail digital payments by 2026-27: PwC India report
📝 UPI Lite needs more push from banks
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🗠 Mutual Funds / AMCs
📝 Buy low, sell high and repeat: Timing is taking root in mutual funds
📝 Yield-to-maturity in debt mutual funds continue to trend downwards
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Sebi may ease compliance for PE and VC funds
📝 Monsoons best time for Indian equities, I am looking forward to this one: Dipan Mehta
📝 FPIs invest Rs 37,316 crore in May on strong domestic macro fundamentals, reasonable valuation
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🗎 Govt. Securities / Bonds
📝 For bond trading, foreign banks ready locally-compliant structures
📝 RBI reviews bond value norms that shield banks
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