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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).
Tweaks plans to opt for Debentures as alternative to lease financing
Market regulator scrapped rating agency's registration for repeated lapses
Revised rates will be applicable from October 07, 2022.
Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter
Sequentially, its consolidated asset portfolio expanded by 5% over Rs 17,660 crore at end of June 2022
Company says it has investment commitment from insurance companies, pension funds, high net worth individuals
Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise further; high loan growth to resume
Retail business comprised 66.4 per cent of overall funded assets as of September 30, says private lender
The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022
CRISIL said these sectors would see a moderation in cash flows vis-a-vis earlier expectations due to slowdown in demand from end-user markets
Two entities of Adani Enterprises Ltd -- Adani Road GRICL Limited (ARGL) and Adani Road Stpl Ltd (ARSL) - will together raise upto Rs 800 crore through non-convertible debentures (NCDs)
Profiles have adequate headroom to navigate the current challenges.
Bankers say with low NPAs and high provisions, the time is ripe for global standards
Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.
The rating reflects Bangladesh's strong growth prospects, government debt that is below the 'BB' median and a manageable external debt repayment profile
Loan, deposit growth gap at 10-year high
Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency
Analysts peg full-year figure at $120 bn, but say it will be lower as proportion of GDP than FY13 levels
Negative ratings momentum could result in jurisdictions where the entire industry suffers serious data breaches repeatedly, or where regulators are particularly lax, the agency said
If MSMEs are unable to pass on input costs to their customers, then units, especially weaker ones, are likely to face difficulties, said a senior executive of a private bank