 "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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Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report
They raised more than Rs 73,000 crore in FY22, says rating agency ICRA
 "Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report")
India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's
Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report
 "India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's")
CoC won't accept revised Varde-Arena offer for two Srei companies
Financial lenders include State Bank of India, Punjab and Sind Bank, Axis Bank, HDFC Bank, Union Bank of India, IDBI Bank, UCO Bank, and Indian Overseas Bank
 "CoC won't accept revised Varde-Arena offer for two Srei companies")
NABARD raises close to Rs 5,000 crore through three-year bonds
REC may visit market with 10-yr paper next week
 "NABARD raises close to Rs 5,000 crore through three-year bonds")
InCred Financial Services aims to float about Rs 10,000-crore AIF
Subsequently, it will look to raise money from institutional investors, including Sovereign Wealth Funds
 "InCred Financial Services aims to float about Rs 10,000-crore AIF")
NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr
Submits highest net present value bid of Rs 5,555 cr; process may complete by early FY24
 "NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr")
HDFC Bank's loan book expands by 19.5%, domestic retail loans grow 21.5%
IndusInd sees 19% credit growth in Q3; deposit growth outpaces loans for HDFC Bank, YES Bank
 "HDFC Bank's loan book expands by 19.5%, domestic retail loans grow 21.5%")
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr
In the final lap, there were just two bidders in the fray - NARCL, and Authum with an NPV of Rs 5,526 crore
SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23
UCO Bank mulls AT1 offering to raise Rs 1,000 cr
 "SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23")
Federal Bank's loan grows 19.1% YoY in Q3; deposits cross Rs 2 trn mark
Pace of customer liabilities expands at slower pace of 12.8 per cent YoY
 "Federal Bank's loan grows 19.1% YoY in Q3; deposits cross Rs 2 trn mark")
Fundraising through AT1 and tier II bonds nearly doubles in 2022
Public-sector banks were in the market but the size of issues was relatively small
 "Fundraising through AT1 and tier II bonds nearly doubles in 2022")
Canara Bank looks to grow business to Rs 30 trillion in five years
As of March 2020, that is before amalgamation - Canara Bank business was over Rs 10 trillion
 "Canara Bank looks to grow business to Rs 30 trillion in five years")
SBI, LIC among key govt-run financial institutions set to see new faces
Partha Pratim Sengupta, MD and CEO of Indian Overseas Bank, retires on December 31, 2022
 "SBI, LIC among key govt-run financial institutions set to see new faces")
India's current account deficit in July-Sept rises sharply to 4.4% of GDP
The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12 billion from $9.8 billion a year ago
 "India's current account deficit in July-Sept rises sharply to 4.4% of GDP")
Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO
Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years
 "Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO")
Urban Co-op Bank profiles improve on bad loan dip, better profitability
However, growth in deposits and advances took a knock as liabilities shrank on the back of high base in 2020-21, shows RBI Report on Trend and Progress of Banking in India
 "Urban Co-op Bank profiles improve on bad loan dip, better profitability")
Private banks lead in credit growth in Q2 as demand grows: RBI data
Annual growth in working capital loans by banks increasing after contracting in March 2021
 "Private banks lead in credit growth in Q2 as demand grows: RBI data")
Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops
Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March
 "Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops")
ICRA downgrades PTC Financial Services short-term rating over operations
Failure to improve business volumes may impact profitability of Delhi-based NBFC, says agency
 "ICRA downgrades PTC Financial Services short-term rating over operations")
Consolidation of PSBs gives a robust base to scale: Bankers at BFSI Summit
About privatisation of state-owned banks, State Bank of India (SBI) Chairman Dinesh Kumar Khara said he was agnostic to ownership
 "Consolidation of PSBs gives a robust base to scale: Bankers at BFSI Summit")