Page 1120 - Finance News
Yogakshemam raises Rs 23 cr
With the fund infusion, the company's equity base has gone up to Rs 45 cr
 "Yogakshemam raises Rs 23 cr")
Banks to witness higher attrition this year: Experts
The new banks are expanding their teams at a rapid pace and existing banks are grappling with talent retention
 "Banks to witness higher attrition this year: Experts")
SAT may hear SBI Life case against IRDAI this week
insurer has sought relief against a decision of IRDAI asking it to refund Rs 275 cr to all its Dhanraksha Plus policyholders
 "SAT may hear SBI Life case against IRDAI this week")
UBI, 2 other PSBs seek exemption from dividend payment
Cite decrease in profit due to higher provisioning against non-performing assets
 "UBI, 2 other PSBs seek exemption from dividend payment")
Bank of India cuts base rate by 25 bps to 9.95%
The new rate will be effecective from Monday
 "Bank of India cuts base rate by 25 bps to 9.95%")
Bank of India cuts lending rate by 0.25%
The new rate will come into effect from May 4
 "Bank of India cuts lending rate by 0.25%")
 "Forex reserves at all-time high of $345 billion")
Why the govt took a U-turn on public debt office
Spotlight shifts to formation of monetary policy panel
 "Why the govt took a U-turn on public debt office")
Banks cap upper limit for withdrawals at micro ATMs
Waive switching fees till December 2015
 "Banks cap upper limit for withdrawals at micro ATMs")
 "Explaining public debt management")
 "Bond yields at 3-month high")
Monetary policy: Three out six occasions Rajan went against advisors' view
Six TAC meetings held since Raghuram Rajan took over as central bank's governor in Sept 2013
 "Monetary policy: Three out six occasions Rajan went against advisors' view")
Norms for distribution of MF products by NBFCs eased
NBFCs are allowed to act as agents of its customers, forwarding their applications for purchase and sale of mutual fund units and the payment instruments to a mutual fund
 "Norms for distribution of MF products by NBFCs eased")
Paytm taps FMCG to raise its game
Partners Emami's skincare brand Fair & Handsome to let consumers earn digital cash; talks on with other FMCG firms
 "Paytm taps FMCG to raise its game")
Credit growth fell to 8.6% in FY15
Well down from FY14 and across sectors and segments; export credit shrank 11.9%, loans to individuals kept 15.4-15.5% pace
Rajan to head panel for selecting non-exec chairmen for PSBs
Will look at maximum age and tenure and then identify the candidates
 "Rajan to head panel for selecting non-exec chairmen for PSBs")
Lakshmi Vilas Bank to raise Rs 350 crore
The bank has estimated it would require around Rs 1,200 crore in the next three years
 "Lakshmi Vilas Bank to raise Rs 350 crore")
Urban cooperative banks can't issue co-branded credit cards: RBI
General purpose cards are those that are issued under trademark of credit card associations
 "Urban cooperative banks can't issue co-branded credit cards: RBI")
FIPB defers Kotak Mahindra Bank proposal for raising FII limit
An inter-ministerial panel headed by Finance Secretary Rajiv Mehrishi considered 30 proposal and cleared 22 of them
 "FIPB defers Kotak Mahindra Bank proposal for raising FII limit")