Page 2013 - Finance News
Irda slaps Rs 50-lakh penalty on SKS Microfinance
Microfinance institution levied a charge on members, that exceeds the premium and violates regulations
 "Irda slaps Rs 50-lakh penalty on SKS Microfinance")
ICICI Venture hires JLL to sell Express Towers stake
The PE firm eyes a valuation of Rs 500-600 for its stake
 "ICICI Venture hires JLL to sell Express Towers stake")
RBI tightens norms for import of precious, semi-precious stone
The banking regulator imposed a limit of 90 days towards letter of credit
 "RBI tightens norms for import of precious, semi-precious stone")
India has seen lowest no of credit card fraud cases: Visa
Payment system provider says that world over there is a rise of 'skimming' frauds in recent cases
 "India has seen lowest no of credit card fraud cases: Visa")
Nestle Q4 profit rises 21% to Rs 279 crore
Net sales of the company rose to Rs 2,152.64 crore
 "Nestle Q4 profit rises 21% to Rs 279 crore")
HUDCO to raise up to Rs 2,805 cr through tax-free bonds
In the first tranche company had raised Rs 2,195 crore
 "HUDCO to raise up to Rs 2,805 cr through tax-free bonds")
PSU bank employees go on two-day strike
The nation-wide strike call has been given by United Forum of Bank Unions
 "PSU bank employees go on two-day strike")
Portable ATMs gain popularity among banks
Typically, a mobile ATM is put on a van that moves from one location to another
 "Portable ATMs gain popularity among banks")
 "The man who brought changes")
Lower retail loan rates may pinch banks' margins
To make their retail portfolio bigger, banks are aggressively lowering interest rate
 "Lower retail loan rates may pinch banks' margins")
Banks eye high arbitrage profits
Plan to invest repo borrowings in short-term paper
 "Banks eye high arbitrage profits")
 "HDFC Bank replacing merchant terminals")
 "SBI opens second branch in China")
ICICI-led infra debt fund launched
To start lending from next month
 "ICICI-led infra debt fund launched")
Govt questions IFCI on Dec quarter performance
A FinMin official says plan needed for arresting slippage