 "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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In a U-turn, outstanding NRI deposits rise in October, shows RBI data
In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts
 "In a U-turn, outstanding NRI deposits rise in October, shows RBI data")
RE firms may use rupee loans to refinance $3 bn overseas green bonds
Costly overseas funds forcing them to tap domestic sources
 "RE firms may use rupee loans to refinance $3 bn overseas green bonds")
Despite interest rate hikes, listed realty firms see dip in cost of debt
Debt cost of eight listed players at lowest since pandemic
 "Despite interest rate hikes, listed realty firms see dip in cost of debt")
NBFC-MFIs overtake commercial banks in micro loan market share in Q2
One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the Covid-19 pandemic and the resultant lockdowns
 "NBFC-MFIs overtake commercial banks in micro loan market share in Q2")
IDBI Bank third lender to drag Siti Networks to bankruptcy court
Yet to receive notice from NCLT, firm says; HFDC, IndusInd Bank had filed petitions earlier
 "IDBI Bank third lender to drag Siti Networks to bankruptcy court")
Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr
PFL to explore inorganic investments for business growth
 "Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr")
SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth
Bank intends to raise before Mar23 though approval is till 2024
 "SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth")
State Bank of India hikes term deposit rates by 15-100 basis points
The revised rates on domestic term deposits, including bulk deposits, are effective from today
G-20 panel to mull taking leaf from India's digital ecosystem: Amitabh Kant
The Indian model, which is distinct from Fintech and European ones, has grown in 10 years instead of the 50 it would otherwise have taken, says India's
 "G-20 panel to mull taking leaf from India's digital ecosystem: Amitabh Kant")
Punjab National Bank plans Rs 1,000 cr AT-1 bond issue to shore up capital
The cost of paying coupon on tier-1 bonds, a form of debt, is less than servicing equity capital
 "Punjab National Bank plans Rs 1,000 cr AT-1 bond issue to shore up capital")
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12
 "Bank of Baroda hikes MCLR up to 30 basis effective December 12")
ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects
The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore
 "ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects")
Curb on securitising short-term maturity loans may hurt micro loan biz
Change required by the central bank could make a certain portion of loan books ineligible for securitisation
 "Curb on securitising short-term maturity loans may hurt micro loan biz")
Rate hikes, base effect may temper credit growth in medium term: Analysts
Credit growth stayed robust in October this year amid significant rise in interest rates
 "Rate hikes, base effect may temper credit growth in medium term: Analysts")
Eye on maximum value, lenders say no to Reliance Capital liquidation
"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said
 "Eye on maximum value, lenders say no to Reliance Capital liquidation")
GSTN in AA network: Operational costs of banks expected to come down
GSTN is expected to go live on AA network in late January or early February, people aware of the development say
 "GSTN in AA network: Operational costs of banks expected to come down")
SBI personal banking loan book up Rs-5 trn mark, helped by digital push
Next Rs one trillion of non-home retail loans by Q3FY24
 "SBI personal banking loan book up Rs-5 trn mark, helped by digital push")
Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt
To float AA-rated 10-year NCDs at a lower rate of interest than the 5.37% coupon on dollar-denominated senior secured notes due for repayment in April 2024
 "Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt")
Indus Towers plans to raise up to Rs 2,000 crore through debentures
The company is likely to visit markets ahead of the repo rate decision by the Reserve Bank of India's monetary policy Committee (MPC) on December 7
 "Indus Towers plans to raise up to Rs 2,000 crore through debentures")
IBBI chief bats for putting valuation of IBC entities in public domain
The board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company's operations
 "IBBI chief bats for putting valuation of IBC entities in public domain")