 "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 23 - Abhijit Lele%20
India Inc's credit quality to improve further, says S&P Global Ratings
Declining leverage, broad-based earnings growth drive profile
 "India Inc's credit quality to improve further, says S&P Global Ratings")
Bank staff unions to raise old pension restoration issue with IBA
Banks, represented by IBA, and UFBU, representing employees and officers, had signed an MoU for wage revision in Dec 2023 and had agreed to continue discussions on residual matters, including pensions
 "Bank staff unions to raise old pension restoration issue with IBA")
Tata Capital Housing Finance to raise up to Rs 3,500 crore via NCDs
The loan book of the company as of the end of March was Rs 51,402 crore
 "Tata Capital Housing Finance to raise up to Rs 3,500 crore via NCDs")
Manappuram Finance expects non-performing assets falling this FY
Writes off NPAs worth Rs 71 crore in MFI biz
 "Manappuram Finance expects non-performing assets falling this FY")
Karnataka directs all govt depts to suspend transactions with SBI, PNB
One incident involved PNB's Rajajinagar branch, where the Karnataka State Industrial Board had fixed deposits of Rs 25 crore, but PNB released only Rs 13 crore on maturity, citing pending court cases
 "Karnataka directs all govt depts to suspend transactions with SBI, PNB")
Revenues growth from corporate banking moderates to 4% in 2023: CRISIL unit
Cash management growth to temper somewhat as peak rates level off: Study
 "Revenues growth from corporate banking moderates to 4% in 2023: CRISIL unit")
IIFL Finance transfers stressed realty assets to ARC for Rs 575 crore
No plans to become BC for gold loan business
 "IIFL Finance transfers stressed realty assets to ARC for Rs 575 crore")
Reserve Bank of India tweaks risk weights for housing finance companies
At the same time, the regulator segregated risk weights for standard and stressed commercial real estate - residential buildings
 "Reserve Bank of India tweaks risk weights for housing finance companies")
Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO
With rising cost of funds, loans rates on highly rated corporates will need a relook to protect margins, he says
 "Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO")
Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points
UCO Bank reduces T-bill benchmark linked rates
 "Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points")
Household optimism on economic conditions for coming year takes a hit
Sentiments about current employment conditions & own income deteriorate
 "Household optimism on economic conditions for coming year takes a hit")
Monetary policy: Some entities not following topup loan norms, says RBI
Credit card spend continues to see high growth despite risk weighting increase
 "Monetary policy: Some entities not following topup loan norms, says RBI")
Continuous clearing of cheques to speed up payments, enhance efficiency
The cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours
 "Continuous clearing of cheques to speed up payments, enhance efficiency")
Q1 results: SFBs' net profit growth flat as provisions jump over 2x
Provisions more than double on asset quality pressures
IIFL Finance Q1 FY25 results: Consolidated net profit down 28% at Rs 338 cr
RBI's curbs on fresh gold loan biz hits performance
Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1
NII under pressure; asset quality continues to improve
 "Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1")
RBI moots certain regulatory principles for models of credit management
The model should have the necessary scalability and flexibility to meet the needs of dynamic business conditions
 "RBI moots certain regulatory principles for models of credit management")
Lenders vote to liquidate defunct airline Go First due to low bids
A senior executive of a private bank, which has a small exposure to the airline, said voting for the proposal is through and the airline will be recommended for liquidation soon
 "Lenders vote to liquidate defunct airline Go First due to low bids")
SBI Q1FY25 results: Net profit rises 0.9% to Rs 17,035 cr, NII up 5.7%
NIM fell 12 bps, both sequentially and Y-o-Y basis, to 3.35 per cent
 "SBI Q1FY25 results: Net profit rises 0.9% to Rs 17,035 cr, NII up 5.7%")
RBI revises NPAs provision norms for co-op banks to ensure uniformity
Prescribes one-time measure for smoother transition to new regime