 "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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Jana SFB Q3FY24 results: Net profit rises 12.82% to Rs 134.64 crore
Its net interest income rose by 24.4 per cent Y-o-Y to Rs 548.5 crore in Q3, up from Rs 440.8 crore in Q3 FY23
 "Jana SFB Q3FY24 results: Net profit rises 12.82% to Rs 134.64 crore")
HSBC pre-tax profit up 19% in India for FY23, more profitable than China
China's pre-tax profit plummeted 89% Y-o-Y to $371 mn in 2023 from $3.40 bn in 2022 due to losses the bank suffered in its wealth management, personal banking and corporate centre verticals
 "HSBC pre-tax profit up 19% in India for FY23, more profitable than China")
Axis Bank's profitability under pressure on NIM contraction: Moody's
Affirms 'Baa3' long-term deposit ratings
 "Axis Bank's profitability under pressure on NIM contraction: Moody's")
Lenders form panel to protect bank executives against graft cases
The committee, headed by D C Jain, a former senior officer with the CBI, is expected to suggest ways to protect bank executives from arbitrary actions related to loan decisions
 "Lenders form panel to protect bank executives against graft cases")
Flows into NRI deposits up 72.7% in April-December 2023: RBI Bulletin
Non-resident external (NRE) deposits were at $97.69 billion in December 2023, up from $96.79 billion in November and $94.46 billion at the end of December 2022
 "Flows into NRI deposits up 72.7% in April-December 2023: RBI Bulletin")
Net FDI into India down 55% to $9.69 billion in Apr-Dec 2023: RBI Bulletin
Receding inflation, dip in borrowing costs may support FDI in 2024
 "Net FDI into India down 55% to $9.69 billion in Apr-Dec 2023: RBI Bulletin")
Kotak Mahindra Bank announces key changes to its leadership team
KVS Manian to be joint MD, Shanti Ekambaram Dy MD; new COO, group CFO & CRO appointed
 "Kotak Mahindra Bank announces key changes to its leadership team")
Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P
Company to benefit from infusions by the Tata group and planned IPO, says rating agency
 "Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P")
Nabfid takes derivatives cover for over Rs 10K cr to hedge rate risk
Hedges interest rate risk under asset liability management
 "Nabfid takes derivatives cover for over Rs 10K cr to hedge rate risk")
NBFC-MFIs post 80% growth in net profit at Rs 1,105 cr for Q3 FY24
High credit offtake; interest rate hikes boost bottomline
 "NBFC-MFIs post 80% growth in net profit at Rs 1,105 cr for Q3 FY24")
SBI seeking lower CRR on green deposits, says chairman Dinesh Khara
Begins assessment of borrowers on ESG norms
 "SBI seeking lower CRR on green deposits, says chairman Dinesh Khara")
Outward FDI rises 25.7% to $2.1 billion in January, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components - equity, loans, and guarantees
Deposits paucity may hit Indian banks credit growth in FY25: Report
Private lenders with high loan-to-deposit ratio more vulnerable, says S&P
 "Deposits paucity may hit Indian banks credit growth in FY25: Report")
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank
Subramanian Swamy has filed a Public Interest Writ Petition against the Union of India, Axis Bank, Axis Securities Limited, Axis Capital Limited, and others before the High Court of Delhi
 "Subramanian Swamy moves Delhi HC seeking probe against Axis Bank")
Canara Bank raises Rs 2,000 crore in capital through Tier-I bonds
In January, the country's largest lender SBI raised Rs 5,000 crore in capital through Basel III compliant Additional Tier 1 bonds (AT-I) at a coupon rate of 8.34 per cent amid tight market conditions
 "Canara Bank raises Rs 2,000 crore in capital through Tier-I bonds")
IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig
IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore
 "IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig")
Exim Bank looks to raise up to $1 billion in FY24 for commercial lending
The liquidity is comfortable in the international market, and the conditions are better for Indian entities than a few months ago in terms of raising resources, Bangari said
 "Exim Bank looks to raise up to $1 billion in FY24 for commercial lending")
Hudco plans to raise up to Rs 23,000 crore to fund infra projects
It raised Rs 5,476 crore through medium-term loans, Rs 2,782 crore through short-term credit, and Rs 1,500 crore via taxable bonds in April-December 2023
 "Hudco plans to raise up to Rs 23,000 crore to fund infra projects")
Monetary policy review: Key fact statement must for retail, MSME loans
Providing critical information about the terms of the loan agreement, including the all-inclusive interest cost, will significantly benefit borrowers in making informed decisions
 "Monetary policy review: Key fact statement must for retail, MSME loans")
Banking crisis most infamous legacy of UPA government: White Paper
"Worse, even that high percentage of bad debts was an underestimate," the paper said
 "Banking crisis most infamous legacy of UPA government: White Paper")