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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Bank credit growth rises to 17.94% YoY in early Oct, shows RBI data
Deposit growth not that impressive, increases by 9.62% to Rs 172.72 trn
 "Bank credit growth rises to 17.94% YoY in early Oct, shows RBI data")
Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis
Its net interest margin (NIM) improved to 3.15 per cent in Q2FY23 from 2.95 per cent in Q2FY2
 "Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis")
Adani Enterprises to raise Rs 1,000 cr via public issue of debentures
CareEdge has assigned 'A+' to the proposed issuance of debentures. It also reaffirmed ratings for long-term bank ratings 'A+' and short-term facilities 'A1+'
 "Adani Enterprises to raise Rs 1,000 cr via public issue of debentures")
Can Fin Homes revamping top management; new CEO before end of Dec
Mortgage lender may raise equity capital before closing Q4 of FY23
 "Can Fin Homes revamping top management; new CEO before end of Dec")
Competition for funds drives SBI to hike savings deposit rate by 30 bps
Balances of Rs 10 cr and above to earn 3% rate of interest Oct 15 onwards; 2.7% rate unchanged on deposits below Rs 10 cr
 "Competition for funds drives SBI to hike savings deposit rate by 30 bps")
Bank of Maharashtra Q2 net doubles YoY to Rs 535 cr as NIM improves
Lender eyes equity offering by Q4FY23 or early FY24
 "Bank of Maharashtra Q2 net doubles YoY to Rs 535 cr as NIM improves")
Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period
Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago
 "Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period")
Revised RBI norms to improve governance, bolster ARCs structurally: Crisil
More stringent NOF guidelines could edge out smaller players, lead to consolidation
 "Revised RBI norms to improve governance, bolster ARCs structurally: Crisil")
HDFC Capital Advisors-backed property tech program gets 400 proposals
HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors
 "HDFC Capital Advisors-backed property tech program gets 400 proposals")
Cracking the whip on co-op banks: A look at RBI actions in 2022 so far
Here is a look at the RBI actions on co-op banks in 2022 so far.
 "Cracking the whip on co-op banks: A look at RBI actions in 2022 so far")
After RBI missive, FIDC asks NBFCs to revise codes of conduct
Has asked them to insert penalty cause for repeated breaches
 "After RBI missive, FIDC asks NBFCs to revise codes of conduct")
13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report
Spending space available without pressure to their fiscal profile, says agency
 "13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report")
India's growth, external profile solid buffers against turbulence: S&P
More severe conditions could put pressure on its sovereign credit ratings, says agency
 "India's growth, external profile solid buffers against turbulence: S&P")
State Bank of India, HDFC cut home loan rates to 8.4% for new applicants
SBI's loan book crosses Rs 6-trn mark
 "State Bank of India, HDFC cut home loan rates to 8.4% for new applicants")
RBI's revised ARC norms improve governance; may shake up industry
Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth
 "RBI's revised ARC norms improve governance; may shake up industry")
RBI tightens disclosure norms on divergence in NPAs, provisions
This threshold will be reduced progressively for UCBs in a phased manner after review, RBI said
 "RBI tightens disclosure norms on divergence in NPAs, provisions")
RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank
Seva Vikas Co-operative Bank lacked adequate capital and earning prospects.
Ratings devoid of lenders detail should be treated as unrated exposure: RBI
Capital charge to be linked to risk weight for unrated lending
Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'
Festive season preparation drives business for digital payments company
 "Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'")
Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance
NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches
 "Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance")