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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At the crossroads: How are ARCs to augment their capital to Rs 300 crore?
The asset reconstruction business is in for a big change, but there are doubts if this will lead to better results
 "At the crossroads: How are ARCs to augment their capital to Rs 300 crore?")
Trend shift? Bank deposits rise four times versus credit outflows
Credit rose by Rs 0.43 trillion to Rs 129.26 trillion and deposits grew by Rs 1.7 trillion to Rs 173.7 trillion in the reporting fortnight
 "Trend shift? Bank deposits rise four times versus credit outflows")
Bank credit increases 17% YoY to Rs 129 trillion in early November 17
Deposit growth moderates to 8.25%
 "Bank credit increases 17% YoY to Rs 129 trillion in early November 17")
PSBs' asset quality challenges to pull down FY23 banking outlook
State Bank of India and leading private-sector banks have largely addressed their asset quality challenges, and their profitability is improving more sharply than the system's, S&P added
 "PSBs' asset quality challenges to pull down FY23 banking outlook")
Indiabulls Housing embarks on growth path after three quarters of stability
IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year
 "Indiabulls Housing embarks on growth path after three quarters of stability")
Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL
Lenders may have to raise deposit rates at faster pace, says senior executive of agency
 "Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL")
Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit
The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates
 "Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit")
RBI imposes monetary penalties on nine urban cooperative banks
The bank regulator has fined two banks each from Odisha, Madhya Pradesh, and Gujarat, and one bank each from Chhattisgarh, Maharashtra, and Jharkhand
 "RBI imposes monetary penalties on nine urban cooperative banks")
Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr
Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr
 "Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr")
After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding
Last week the lender tied up its second Euro 150 million funding with German govt-owned KFW as part of solar partnership with India
 "After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding")
Bank of Baroda slashes home loan rates by 25 bps for limited period
New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders
 "Bank of Baroda slashes home loan rates by 25 bps for limited period")
Municipal corps should explore land-based models to raise funds: RBI
In a first ever comprehensive analysis of Municipal finances, it said MCs need to adopt sound and transparent accounting practices with proper monitoring
Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years
In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction
 "Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years")
Rated Indian infrastructure firms most exposed to currency risk: S&P
Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation
 "Rated Indian infrastructure firms most exposed to currency risk: S&P")
External commercial borrowing of India Inc may stay muted in FY23
Approvals may be $30-35 bn in FY23, says ICRA
 "External commercial borrowing of India Inc may stay muted in FY23")
Indian Overseas Bank, Bank of Maharashtra hike MCLR by up to 25 bps
One-year median MCLR of scheduled commercial banks has increased from 7.75 per cent in September
 "Indian Overseas Bank, Bank of Maharashtra hike MCLR by up to 25 bps")
Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans
To retire debt of seven road projects that it will acquire
 "Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans")
PSBs' Q2 net profits zoom 50% YoY on steady rise in interest income
Strong loan growth, rising lending rates give the boost
 "PSBs' Q2 net profits zoom 50% YoY on steady rise in interest income")
SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins
The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year
 "SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins")
Govt-owned NaBFID plans to increase headcount to 150 by end of FY24
MD Rai says it will venture into rating banks and instruments by December
 "Govt-owned NaBFID plans to increase headcount to 150 by end of FY24")