Top Indian Banking Industry News & Updates - 16 April 2025,Wednesday
🗎 RBI / MoF / Govt. Policies
Indian companies file $2.82 billion ECB plans with RBI in February 2025
Of this, the intent for fund-raising through the automatic route amounted to $2.62 billion, and that via the approval route was $197.4 million, according to RBI data.
Ajay Narayan Jha steps down from Finance Commission with 6 months to go
Jha brought extensive experience in public finance to the job. The former finance secretary was appointed secretary, expenditure, in the Ministry of Finance in October 2017 and remained in office until February 2019.
Not necessary to activate Countercyclical Capital Buffer for banks at this point in time: RBI
📝 How is RBI proposing to streamline rules of lending against gold?
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🏦 PSB / Pvt Banks
Use smart cash management to optimise returns on short-term funds
HDFC Bank has reduced its savings account interest rate from 3 per cent to 2.75 per cent. Several other large banks also offer interest rates below 3 per cent. Given such low returns, savers need to manage their short-term money more efficiently.
These 8 banking stocks can give more than 27% returns in 1 year, according to analysts
Except for the first two months of the current correction (October-November, 2024), banking sector stocks have been outperforming a very bearish market.
IndusInd says derivative losses at Rs 1979 crore based on PWC report
External agency confirms discrepancies in IndusInd Bank’s derivatives portfolio; estimates ₹1,979 crore loss
The Hindu Business Line
Axis Bank cuts savings deposit rate by 25 basis points, effective April 15
SBI, BOI, Indian Bank reduce lending rates post repo rate cut
Bank Nifty gains 2.7% as savings deposit rate cuts lift margin outlook
📝 A muted March quarter can keep bank stocks under pressure
📝 SBI cuts lending and deposit rates
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🏦 Foreign Banks / FIIs / I-Banks
📝 Former finance secy Pandey appointed vice-president at AIIB
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🏠 Housing Finance
Aadhar Housing Finance eyes doubling of AUM to ₹50K crore and rating upgrade
Affordable housing financier Aadhar Housing Finance Ltd (AHFL) has set its sights on doubling its assets under management (AUM) to ₹50,000 crore in four years on the back of a 21-22 per cent yearly growth in loan disbursements and addition of 60-70 branches each year. In an interaction with businessline, Rishi Anand, MD & CEO of Blackstone-backed AHFL since January 2023, said it’s time credit rating agencies consider upgrading his company’s “AA” rating to “Asian Age” as it is ticking all the right boxes, right from governance to listing to growth in loan book.
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💳 ATMs / Credit Cards
3 Best Credit Cards for Airport Lounge Access in 2025
The credit card industry in India has seen tremendous change in the last few years. Earlier, when credit cards were only a means of shopping, they have now become a complete financial tool, which not only helps in managing expenses but also gives a lot of rewards and benefits. Understanding the needs of consumers, banks and card-issuing companies have added new features to these cards, such as cashback, reward points, fuel surcharge waivers, offers on movie tickets, EMI facility, and dining discounts, and now premium benefits like airport lounge access are also included in them.
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🔍 Rating / Research
RBI’s gold loan draft circular to increase operational complexity for lenders, says Fitch
📝 Crisil sees bank credit growth inching up to 13% in FY26
📝 Muthoot Fin, Manappuram will be able to adapt well to RBI's new gold loan guidelines: Fitch
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🗎 NBFCs / FIs / MFI
Satin Creditcare Network implements MFIN prescribed cap on number of microfinance lenders
📝 Poonawalla Fincorp enters gold loan market, plans 400 new branches
📝 Indian companies raise over $50 billion via foreign loans in FY25 till February
📝 Cautious lenders make Indians borrow less in festive season: Report
📝 Neelu Analjit Singh to reclassify as public shareholder of Max Financial
📝 Jio Financial shares gain 3% after board sets date to consider maiden dividend
📝 Navyug Global Ventures invests ₹16 cr in Shrinithi Capital
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UPIs / Wallet / FinTech
Fintech soonicorns prepare IPOs, await right launch time
Strike while the iron is hot–that seems to the mantra of a cohort of mid-stage fintech startups that is getting IPO-ready in a jittery stock market, hoping to seize the moment when a favourable window opens up.
📝 India targets 300 million new users for UPI payments platform
📝 Cashfree Payments appoints Piyush Anchliya as CFO
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🗠 Bourses
NSE changes lot size on April 15: 3 crucial change every investors needs to know
The National Stock Exchange has revised the ticket size for scrips, indices, and F&O contracts from April 15, which will be based on the prices as of March 28.
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🗠 Mutual Funds / AMCs
Top-Rated SBI Mutual Funds: 5 Best Schemes With Strong 10-Year Returns
When you think of investing in mutual funds, the first question that comes to mind is — which fund to choose? In such a situation, the rating of the fund comes as an important indicator. A good rating not only tells how the fund has performed so far, but also shows how stable the fund has been amid market fluctuations. Especially if you are investing in mutual funds for the first time, relying on top-rated funds can be a wise move. In this write-up, we will pick five top-rated schemes from SBI Mutual Fund and review their past 10-year performance. But before moving ahead, let’s discuss other key factors that need to be considered while selecting a plan.
SEBI plans overhaul of mutual fund regulations, possible relaxations
The Securities and Exchange Board of India (SEBI) is working on a review of mutual fund (MF) regulations, including possible relaxations on clause 24 (b) restrictions on business activities, the scheme categorisation framework, and other recent operational changes, said Executive Director Manoj Kumar.
Restrictive MF rules under Sebi review
The Securities & Exchange Board of India (Sebi) is reviewing restrictive rules for asset management companies under Clause 24(B), which prevents them from undertaking any business activities other than management and advisory services provided to pooled assets, executive director Manoj Kumar said on Tuesday.
Competition hots up as PMS, AIFs queue up to enter MF biz
The competition in the mutual fund space is set to intensify with Alternative Investment Funds (AIF), Portfolio Management Services (PMS) and wealth management firms lining up to enter this lucrative business.
📝 Axis Mutual Fund joins ONDC network to expand access to mutual fund investments
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Equities more attractive than bonds; bullish on these 3 pockets: Dikshit Mittal
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🗎 Govt. Securities / Bonds
Indian govt bond prices hit three-year high as RBI announces liquidity infusion plan
Indian government bond prices jumped to over three-year highs on Tuesday, led by short-end gains after the Reserve Bank of India announced yet another liquidity injection.
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✈ International
📝 Citigroup profit surges as stock trading jumps 23%
📝 Bank of America's first-quarter profit rises on trading strength
📝 Bank of America ordered to pay $540 million in FDIC insurance dispute
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