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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Banks likely to cut lending, deposit rates by 20 bps in four months
State Bank of India's cash credit and overdraft rates will become cheaper by 25 bps from next month
 "Banks likely to cut lending, deposit rates by 20 bps in four months")
High real interest rates making India uncompetitive, says Ajay Piramal
We will have to think of creative ways to encourage demand like the interest subvention in low-income housing loans, he said
 "High real interest rates making India uncompetitive, says Ajay Piramal")
Retail loan growth slows down to 15.7% in April 2019 from 19% April 2018
Credit card loans rose by 26.4% in April 2019, down from 35.2% in same month in 2018
 "Retail loan growth slows down to 15.7% in April 2019 from 19% April 2018")
Banking sector to struggle for two more years amid NPA woes, says Fitch
Fitch lowered the operating environment assessment to "BB+" from "BBB", based on the review of performance in past three years
 "Banking sector to struggle for two more years amid NPA woes, says Fitch")
Exim Bank to raise up to $3 billion through capital markets in FY20
In 2018-19, Exim Bank raised foreign exchange aggregating Rs 8,530 crore through a variety of instruments
 "Exim Bank to raise up to $3 billion through capital markets in FY20")
IDBI Bank narrows Q4 loss to Rs 4,918 cr; may exit PCA regime by March 2020
The provisions for NPAs stood at Rs 7,233 crore in Q4FY19 as against Rs 10,773 crore for Q4FY18
 "IDBI Bank narrows Q4 loss to Rs 4,918 cr; may exit PCA regime by March 2020")
Devendra Fadnavis moots penalty on lenders failing to meet crop-loan target
The crop-loan target for FY19 was Rs 58,324 crore for Maharashtra
 "Devendra Fadnavis moots penalty on lenders failing to meet crop-loan target")
10-yr govt bond slips by 7 bps to 7.17% amid FPI flow, fall in oil prices
A head of treasury with a public sector bank said bond yields might not see significant change from current levels
 "10-yr govt bond slips by 7 bps to 7.17% amid FPI flow, fall in oil prices")
Decisive election mandate removes key risk for India Inc, says S&P
'The potential for reforms following the victory is likely to maintain buoyancy in local funding markets and improve the flow of foreign capital for corporates in India'
 "Decisive election mandate removes key risk for India Inc, says S&P")
RBI risk draft may hit NBFCs; FIDC asks to address liquidity problem first
Borrowing cost could increase lower investment spread
 "RBI risk draft may hit NBFCs; FIDC asks to address liquidity problem first")
Corporation Bank plans to raise Rs 4,000 crore capital in two years
The bank came out of the Reserve Bank of India's Prompt Corrective Action regime in the fourth quarter ended March 2019
 "Corporation Bank plans to raise Rs 4,000 crore capital in two years")
Corporation Bank plans to trim slippages by 50% to Rs 4000 crore in FY20
Says slippages will not be more than Rs 1,000 cr each quarter in FY20 against Rs 2,000 cr each quarter in FY19
RBI rules out credit line for NBFCs, discusses revised bad loan circular
The original 'resolution of stressed assets' framework created a huge rift between the government and the RBI, and perhaps led to the exit of Urjit Patel as governor
 "RBI rules out credit line for NBFCs, discusses revised bad loan circular")
CARE downgrades Reliance Capital bonds' rating from 'A' to 'BBB'
Company protests move, says it had repaid Rs 650 crore of NCDs due on May 17
 "CARE downgrades Reliance Capital bonds' rating from 'A' to 'BBB'")
Union Bank's elevated credit costs, bad loans to hit capital position: S&P
Weak performance in FY19 on expected lines
 "Union Bank's elevated credit costs, bad loans to hit capital position: S&P")
Edelweiss' Q4 net dips 3% to Rs 232 cr, company to float $1-bn debt fund
Existing equity enough to support growth for 3-4 years, says company
 "Edelweiss' Q4 net dips 3% to Rs 232 cr, company to float $1-bn debt fund")
Jet Airways revival: Etihad offer hinges on Rs 9,000-cr debt write-down
Jet lenders find there's no binding bid
 "Jet Airways revival: Etihad offer hinges on Rs 9,000-cr debt write-down")
CRISIL downgrades rating on DHFL commercial paper over liquidity concerns
Flags concern on dwindling liquidity; stock down 4.6%
 "CRISIL downgrades rating on DHFL commercial paper over liquidity concerns")
RBI study bats for steps to benefit stock markets, boost deposits
Accelerating the pace of growth of the Indian economy and disposable incomes are the key to higher deposit mobilisation by the banking system
 "RBI study bats for steps to benefit stock markets, boost deposits")
Bank of Baroda paints 3 brands with one brush, unpacks a new identity kit
The bank unpacks a new identity kit, aims to create awareness and present a united front for all stakeholders
 "Bank of Baroda paints 3 brands with one brush, unpacks a new identity kit")