 "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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RBI policy: CRR cut to improve lenders' margins, may lift credit growth
Deposit rates may start easing
 "RBI policy: CRR cut to improve lenders' margins, may lift credit growth")
Moody's upgrades Oyo's rating to B2, highlights improved profitability
Proposed term loan to reduce refinancing risk
 "Moody's upgrades Oyo's rating to B2, highlights improved profitability")
Allow use of non-financial transactions to decide a/c status: SBI to RBI
Current regulatory norms permit only credit and debit transactions to render an account operational.
 "Allow use of non-financial transactions to decide a/c status: SBI to RBI")
MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024
Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year
 "MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024")
Banking law amendments to make inheritance of deposits unambiguous
To improve governance, customer services says experts
 "Banking law amendments to make inheritance of deposits unambiguous")
Bank of India plans additional Rs 5,000 cr infrastructure bond issue
To conduct brand recall survey for image enhancement, explores idea to appoint brand ambassador
 "Bank of India plans additional Rs 5,000 cr infrastructure bond issue")
NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026
Asset quality concerns, slowing of bank funding to temper pace
 "NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026")
'Har Ghar Lakhpati': State Bank of India's new mantra for deposit accretion
Country's largest lender ups the ante for resources with two new schemes set to launch this month
 "'Har Ghar Lakhpati': State Bank of India's new mantra for deposit accretion")
Adani Group has liquidity, cash flows to serve debt, says CRISIL Ratings
Ratings of 24 group firms under 'continuous surveillance', says agency about conglomerate facing legal charges in the US
 "Adani Group has liquidity, cash flows to serve debt, says CRISIL Ratings")
We open 65,000 savings accounts a day, says SBI Chairman CS Setty
He says SBI is comfortable with liquidity with overall credit deposit ratio at a modest 68 per cent and the aim is to maintain incremental CD ratio at 100 per cent
 "We open 65,000 savings accounts a day, says SBI Chairman CS Setty")
Borrowing costs of Indian NBFCs to stay elevated in 2025, says Fitch
Manageable asset quality pressure points
 "Borrowing costs of Indian NBFCs to stay elevated in 2025, says Fitch")
SBI's business may hit Rs 100 trillion in FY26, says Chairman CS Setty
Sets three-year horizon for achieving net profit of Rs 1 trn per annum
Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating
AGPL is the holding company of Azure RG3
 "Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating")
Moody's and Fitch take rating action against Adani group companies
The rating action by Moody's, Fitch, and earlier S&P Global may weaken the group's access to external funding and increase its capital costs
 "Moody's and Fitch take rating action against Adani group companies")
Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment
The US credit rating agency places three Adani entities under Rating Watch Negative status
 "Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment")
State Bank of India to channel $1.5 billion in global book in 4 months
In rupee terms, SBI's gross advances in its international book grew by 11.56 per cent year-on-year (Y-o-Y) to Rs 5.88 trillion
 "State Bank of India to channel $1.5 billion in global book in 4 months")
MFIN to further tighten norms for micro-loans from January 2025
Reduces MFIs per borrower to three from four
 "MFIN to further tighten norms for micro-loans from January 2025")
Adani US Indictment: Banks' risk management units begin stock-taking
May escalate matter for board-level discussion
 "Adani US Indictment: Banks' risk management units begin stock-taking")
S&P Global revises its outlook on three Adani entities to 'negative'
S&P Global Ratings in a statement said US indictment of three board representatives of Adani Group entity could affect investor confidence in other group entities
 "S&P Global revises its outlook on three Adani entities to 'negative'")
ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data
Analysis of the end-use of registrations showed that ECBs for import or local sourcing of capital goods were pegged at $1.3 billion in H1FY25, sharply down from $9.4 billion in H1FY24
 "ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data")