 "Abhijit Lele")
Abhijit Lele
Abhijit Lele
Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
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CARE puts Ramdev on the mat
Ratings suspended for food & herbal park promoted by yoga guru's Patanjali Ayurved for failing to provide information about its operations
 "CARE puts Ramdev on the mat")
Bank of Bahrain & Kuwait lays out plans for India
Currently, the West Asian banking group has three branches---in Mumbai, Hyderabad and Kochi
SBI wants to 'charge' MTM losses to balance sheet
Lender makes presentation to RBI on the proposal
 "SBI wants to 'charge' MTM losses to balance sheet")
Bank of Bahrain and Kuwait lays out India plans
The banking group of Middle-East is working to open new branch in New Delhi
 "Bank of Bahrain and Kuwait lays out India plans")
SBI looks to create separate talent pool for subsidiaries
HR experts say the move if introduced will attract more candidates
 "SBI looks to create separate talent pool for subsidiaries")
SBI plans to incentivise staff to work in villages
The bank had also hired about 4,000 relationship managers/relationship officers on a contract basis
 "SBI plans to incentivise staff to work in villages")
UBI slashes CD issue, sees CARE downgrades
For the December 2013 quarter, the bank had posted a net loss, the second consecutive quarterly loss
 "UBI slashes CD issue, sees CARE downgrades")
SBI readies plan to improve profitability
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year
IL&FS infra debt fund to raise Rs 1,000 crore
Eyes 10 investments by March 2014-end
 "IL&FS infra debt fund to raise Rs 1,000 crore")
RBI bars Chennai-based DFL Infra Finance for doing business
The finance company is also barred from declaring or distributing dividend
 "RBI bars Chennai-based DFL Infra Finance for doing business")
PSBs must retain significant part of profit for capital, also raise it from market: FM
Govt to infuse Rs 11,200 in PSBs in FY15
 "PSBs must retain significant part of profit for capital, also raise it from market: FM")
United Bank not a merger candidate, says Takru
Bank has to function responsibly, top priority for recovery
 "United Bank not a merger candidate, says Takru")
SBI Q3 net down 34% at Rs 2,234 cr
Higher bad loan provisions, employee benefits pull down profits
Money flow into NRI deposits slumps to $1.28 bn in Dec
RBI purchased dollars worth $3.5 billion in December
 "Money flow into NRI deposits slumps to $1.28 bn in Dec")
Essel Group plans to acquire NBFC to scale up finance biz
Asset reconstruction, white-label ATM segments on radar
 "Essel Group plans to acquire NBFC to scale up finance biz")
Bank of Baroda Q3 net profit up 3.6%
Gross NPA rises to 3.32% compared to 2.41% in the year ago period
 "Bank of Baroda Q3 net profit up 3.6%")
Margins will improve in 2-3 quarters: S K Jain
Interview with CMD, Syndicate Bank
 "Margins will improve in 2-3 quarters: S K Jain")
IDFC plans to raise $300 mn through foreign loans
Besides, the infrastructure major raises $ 150 mn in Q3; company's loan growth to remain flat
 "IDFC plans to raise $300 mn through foreign loans")
New RBI rules to spur debt recast, recovery
Also, feel bank heads, the changed guidelines on stressed assets will encourage the business of asset reconstruction
 "New RBI rules to spur debt recast, recovery")
After QIP, SBI may raise Rs 1000 cr
Employee stock purchase plan likely option
 "After QIP, SBI may raise Rs 1000 cr")