 "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 58 - Abhijit Lele%20/t%20_blank%20
Bank of Baroda plans to divest 49% stake in credit card subsidiary
At present, BoB holds 100 per cent in the entity
 "Bank of Baroda plans to divest 49% stake in credit card subsidiary")
Religare Enterprises to enter ARC business, float QIP in early FY24
Delhi-based group expects to resume lending by Religare Finvest Ltd, a wholly-owned subsidiary
 "Religare Enterprises to enter ARC business, float QIP in early FY24")
India Ratings lowers outlook on Adani Enterprises, Adani Green to negative
Flags interest rate risks, uncertainty on cash flow mismatches
 "India Ratings lowers outlook on Adani Enterprises, Adani Green to negative")
CRISIL reaffirms ratings for Adani Group's solar, wind power units
The shares of listed Adani group companies have witnessed huge volatility in prices after US-based short-seller Hindenburg's research report
Lenders put assets of former unit of ailing Amtek group on block
These assets and operating assets were carved out as part of a resolution plan approved by the NCLT in 2022
 "Lenders put assets of former unit of ailing Amtek group on block")
BoB cuts interest rates on home and MSME loans taken till month end
Reduces home loan rates by 40 bps, available to those with credit score of 751 and above
Pace of bank lending to infrastructure shrinks to 2.3%: RBI data
Bankers say private infra offtake slow; much of funding is via public funds
 "Pace of bank lending to infrastructure shrinks to 2.3%: RBI data")
Icra downgrades outlook on Adani Ports, Adani Total to 'negative'
Affirms ratings on long-term loans of both firms
 "Icra downgrades outlook on Adani Ports, Adani Total to 'negative'")
S&P affirms Adani International Container Terminal's issue rating at 'BBB-'
S&P said AICTPL's debt is fully secured and has cash flow waterfalls that prioritise operating expenditure and debt service over distributions
 "S&P affirms Adani International Container Terminal's issue rating at 'BBB-'")
Retail trade and NBFCs drive credit growth in services: RBI data
Retail trade, NBFCs drive credit growth in services
 "Retail trade and NBFCs drive credit growth in services: RBI data")
SBI raises $1 bn under 5-year syndicated social loan for ESG funding
Priced at three-month SOFR plus 130 bps; largest such ESG loan by bank in Asia-Pacific; to also use proceeds for affordable housing, SHG lending
 "SBI raises $1 bn under 5-year syndicated social loan for ESG funding")
MFIs' net profit more than doubles in Q3 on buoyant interest income
The interest income expanded by 25% YoY to Rs 2,414 crore and sequentially, it rose 9.7% from Rs 2,201 crore in Q2FY23
 "MFIs' net profit more than doubles in Q3 on buoyant interest income")
LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields
LIC Housing raises 1,150 cr against Rs 3,000 cr planned
 "LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields")
Fitch affirms Adani Transmission restricted group's notes at 'BBB-'
ATL RG1's credit assessment is not directly affected by the allegations of malpractices at Adani group made by US-based short seller Hindenburg Research
 "Fitch affirms Adani Transmission restricted group's notes at 'BBB-'")
CRISIL upgrades DB Power's rating after Adani Power calls off acquisition
CRISIL also removed the company from "on watch status" and assigned "stable" outlook
 "CRISIL upgrades DB Power's rating after Adani Power calls off acquisition")
Indian banks' performance till Dec 22 exceeds expectations: Fitch Ratings
The sector's impaired-loan ratio declined to 4.5 per cent in the first 9 months of FY23 (9MFY23), from 6.0 per cent at FY22
 "Indian banks' performance till Dec 22 exceeds expectations: Fitch Ratings")
Reserve Bank of India tightens norms for ARCs on income recognising fee
They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value
 "Reserve Bank of India tightens norms for ARCs on income recognising fee")
Adani Green Energy puts Rs 10,000-crore capex plan under review
Company to reduce capex in near term; execs say large part of it can be discretionary
 "Adani Green Energy puts Rs 10,000-crore capex plan under review")
Flows into NRI deposits up 76% to $5.4 billion in April-December
Outstanding amounts stable in December compared to November
PNB to raise Rs 800 cr in AT1 bond, instrument has 'AA+' from India Ratings
The Delhi-based lender has board approvals in place to raise Rs 12,000 crore in capital in FY23 through bond issuances
 "PNB to raise Rs 800 cr in AT1 bond, instrument has 'AA+' from India Ratings")