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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Appoint full-time CEO at J&K Bank on priority to curb slippages: Analysts
They say the move would boost market confidence and help the bank raise tier-I capital
 "Appoint full-time CEO at J&K Bank on priority to curb slippages: Analysts")
DHFL promoters sell stake in wealth management business to employees
In a separate transaction, LGT group, global private banking and asset management firm, has acquired a substantial majority stake in the Validus Wealth
 "DHFL promoters sell stake in wealth management business to employees")
Icra downgrades Edelweiss debentures on weakness in wholesale lending book
Agency says decision based on heightened risks from realty and structured debt deals across sectors; retains Al+ rating for company's CPs and short-term NCDs
 "Icra downgrades Edelweiss debentures on weakness in wholesale lending book")
ICRA downgrades Piramal Capital's loans, bonds from "AA+" to "AA"
Fund raising a challenge in risk averse market
 "ICRA downgrades Piramal Capital's loans, bonds from \"AA+\" to \"AA\"")
ICRA downgrades Edelweiss Debentures on wholesale loan book's vulnerability
The ability of non-banks like Edelweiss to mobilise resources at adequate rates is expected to remain constrained over the near to medium term in the current operating environment
 "ICRA downgrades Edelweiss Debentures on wholesale loan book's vulnerability")
NBFCs ask Sitharaman for liquidity window, tax sops in Union Budget
NBFCs sought exemption from having to deduct tax at source for interest payments
 "NBFCs ask Sitharaman for liquidity window, tax sops in Union Budget")
Banks want current tax benefits extended to three-year deposits
Non-banking finance firms sought an exemption from the requirement to deduct tax at source (TDS) for interest payments
 "Banks want current tax benefits extended to three-year deposits")
HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore
Apollo Munich will be later merged with general insurance company HDFC ERGO, part of the HDFC group.
 "HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore")
India Ratings downgrades Mumbai International Airport term loans
Indian Ratings flags erosion in liquidity, places the term loans under watch with negative implications
 "India Ratings downgrades Mumbai International Airport term loans")
We expect big-ticket resolutions by Sept: YES Bank CEO Ravneet Gill
We see a lot of opportunities in our corporate finance business, retail bank and transaction bank, says Gill
 "We expect big-ticket resolutions by Sept: YES Bank CEO Ravneet Gill")
SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
SBI's capital and operating buffers are likely to be adequate to cover credit costs through FY19-FY20 and support its medium-term growth plans
 "SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds")
YES Bank on track to raise $1 bn by way of a share sale: CEO Ravneet Gill
On its large size of below investment grade exposure, Gill said their non-investment grade figure went up from Rs 6,000 crore to Rs 20,000 crore and it was not a very granular portfolio
 "YES Bank on track to raise $1 bn by way of a share sale: CEO Ravneet Gill")
Fresh plan for Jet Airways rescue on cards; SBI to call meeting of lenders
Under the new guidelines, there is no strict fiat from the RBI to go to the NCLT
 "Fresh plan for Jet Airways rescue on cards; SBI to call meeting of lenders")
Funding for NBFCs should accompany RBI's liquidity management rules: FIDC
RBI intends to prescribe stringent rules for liquidity risk management as many NBFCs were hit by a severe asset liability mismatch
 "Funding for NBFCs should accompany RBI's liquidity management rules: FIDC")
Reliance Industries to not extend guarantee on Jio debt transfer to InvITs
RIL to issue 'letter of comfort' to lenders on $15.4-bn debt
 "Reliance Industries to not extend guarantee on Jio debt transfer to InvITs")
Rumour-mongering hitting Reliance Group's interests, says Anil Ambani
Says committed to meeting all debt servicing obligations in a timely manner
 "Rumour-mongering hitting Reliance Group's interests, says Anil Ambani")
Moody's to review YES Bank for downgrade over exposure to weaker NBFCs
As of March 2019, Yes Bank's exposure to Indian housing finance companies and NBFCs was 6.4% of its total exposure
 "Moody's to review YES Bank for downgrade over exposure to weaker NBFCs")
RBI's revised NPA norms give banks 30 days from default for resolution plan
Plan has to be implemented within 180 days after that
 "RBI's revised NPA norms give banks 30 days from default for resolution plan")
New stressed asset norms will aid resolution prospects, say bankers
RBI has relaxed the threshold condition for upgrading an account under a resolution plan
 "New stressed asset norms will aid resolution prospects, say bankers")
Credit growth expected to stay slow despite RBI's interest rate cut: Fitch
DHFL's debacle shows grave funding challenge to NBFCs
 "Credit growth expected to stay slow despite RBI's interest rate cut: Fitch")