 "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).
Page 22 - Abhijit Lele%20
Indian companies file ECB plans worth $3.58 billion in July 2024
According to RBI data, among the prominent firms which have filed intent are ONGC Videsh Ltd for $800 million to be raised from an overseas branch of an Indian commercial bank
 "Indian companies file ECB plans worth $3.58 billion in July 2024")
Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits
Following this, many banks are exploring previously untapped areas to mobilise deposits while choosing not to engage in an interest rate war
 "Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits")
Outward FDI increases to $3.2 billion in August 2024, shows RBI data
Equity commitments more than double Y-o-Y to $1.14 bn
 "Outward FDI increases to $3.2 billion in August 2024, shows RBI data")
SBI's cost to income ratio to dip to 54-55% in two years, says S&P
Agency affirms bank's 'BBB-/positive' issuer rating
 "SBI's cost to income ratio to dip to 54-55% in two years, says S&P")
Private sector needs to step up infrastructure investment: DFS secy
India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades
 "Private sector needs to step up infrastructure investment: DFS secy")
Banks plan to ring in festival-season offers with a note of caution
Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise
 "Banks plan to ring in festival-season offers with a note of caution")
Time for fintech NBFCs to revisit business models, says India Ratings
Tight liquidity, signs of stress weighs on business
 "Time for fintech NBFCs to revisit business models, says India Ratings")
Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey
Bankers said these sectors stand out from the overall trend
 "Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey")
NIIF IFL to tap family offices to issue Rs 1,500 cr preference shares
It's also gearing up to secure up to Rs 3,500 crore through non-convertible debentures
 "NIIF IFL to tap family offices to issue Rs 1,500 cr preference shares")
Banks to set up a Unified Recovery Interface to enhance efficiency
IBA mulls special apprenticeship scheme for banking sector
 "Banks to set up a Unified Recovery Interface to enhance efficiency")
Banks facing challenge in getting cyber security talent: SBI chairman
He said SBI has been able to create resilience in the system. While ensuring this, the country's largest lender had to ensure an improved customer experience against the backdrop of legacy systems
 "Banks facing challenge in getting cyber security talent: SBI chairman")
Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds
Industry lobby group IBA wants govt and RBI to intervene
 "Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds")
CapitaLand Investment to double funds under management in India by 2028
Eyes private credit for real estate, renewable energy
 "CapitaLand Investment to double funds under management in India by 2028")
SMFG India Credit Company to get up to Rs 2,000 crore capital from parent
Slated to become upper layer NBFC with listing plans
 "SMFG India Credit Company to get up to Rs 2,000 crore capital from parent")
SBI aims for cashflow-based lending to SMEs, says chairman C S Setty
Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024
 "SBI aims for cashflow-based lending to SMEs, says chairman C S Setty")
Loans to industry show significant uptick in July, shows RBI data
Growth in personal loans down sharply
 "Loans to industry show significant uptick in July, shows RBI data")
SBI fighting for deposits through 'service quality', says C S Setty
The lender will try to understand the pain points of customers such as staff shortage
MUFG Bank expects over 25% growth in India biz; to focus on large cos
Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about $15 billion in India
 "MUFG Bank expects over 25% growth in India biz; to focus on large cos")
SBI raises Rs 7,500 cr via tier 2 bonds to meet regulatory needs, others
May look at another round of Tier II bond issuance as yields soften
 "SBI raises Rs 7,500 cr via tier 2 bonds to meet regulatory needs, others")
Microloan asset quality faces strain as heatwaves, loan waiver rumours bite
Asset portfolio shrinks sequentially; Growth seen moderating by 2-3 percentage points in FY25
 "Microloan asset quality faces strain as heatwaves, loan waiver rumours bite")