Weekly News 11th April 2022

1. Weekly
News
11-April-2022
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2. Snapshot
HDFC Bank’s market share
will jump from 11% to 15%
HDFC Ltd – HDFC Bank Merger
RBI Monetary Policy Update
RBI’s Priority has now
returned to inflation from
growth
SEBI sets up working
group
Health-tech firms
offering subscription-
based, ‘insurance-like’
products on IRDAI’s
radar
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SEBI Registered Investment Adviser (INA200006628)
To foster competition in
the mutual fund
industry

3. HDFC MERGER
● HDFC Bank’s market share will jump from 11% to 15%
● HDFC Bank: The biggest motivation for the deal is creating
demand in the housing market as our penetration in this segment
is very low.
● Allows deposits at a significantly lower rate.
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SEBI Registered Investment Adviser (INA200006628)

4. HDFC Bank MERGER MAY FACE
REGULATORY HURDLES
● It may face regulatory hurdles due to the stake it would
give the bank in the insurance sector.
● HDFC Bank’s management have asked the regulator
clarity on complying with its rules.
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SEBI Registered Investment Adviser (INA200006628)

5. RBI MONETARY POLICY UPDATE
● RBI’s Priority has now returned to inflation over growth
● RBI to reduce the GDP Forecast for the current FY to 7.2% from
7.8%
● The central bank has introduced Standing Deposit Facility SDF),
which will form the floor of the Liquidity Adjustment Facility corridor
which is at 3.75%, and this will help in curbing inflation.
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

6. SEBI sets up working group to recommend changes to
sponsor a MF
● SEBI has formed a working group that will look at current regulations
and recommend separate set of eligibility criteria that allow private
equity (PE) funds and other non-eligible entities, to sponsor a fund
house.
● This is expected to not only foster competition in the mutual fund
industry
● Also facilitate consolidation in the industry through mergers and
acquisitions so as to reap economies of scale and scope
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

7. ● They have called for data and have asked them to modify
information on their websites.
● The IRDAI plans to seek an amendment to the Insurance Act to
ease minimum capital requirements.
● Current investment guidelines on assets under management are
also being revisited. Industry is seeking more leeway to invest in
riskier instruments, infrastructure financing and so on.
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
Health-tech firms offering subscription-based,
‘insurance-like’ products on IRDAI’s radar

8. OTHER NEWS
● Whistle blower alleges wrongdoings at Invesco MF, complains to
regulators
● MF investors load up on equity mutual funds in March, dump
bond funds
● Bandhan Bank will enhance IDFC AMC's brand value, retail
presence
● Sri Lanka raises key interest rates by 700 basis points to 14.5%
● Gross GST collection touches all-time high of Rs 1.42 lakh crore
in March
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SEBI Registered Investment Adviser (INA200006628)

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