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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Naresh Goyal exits crisis-hit Jet Airways board but room open for return
Bankers take charge of airline, set May-end deadline for buyer
 "Naresh Goyal exits crisis-hit Jet Airways board but room open for return")
External benchmark linked loans to save Rs 12,500 cr in interest costs
"In the current downward interest rate cycle, the shift to repo rate based external benchmark could bring savings worth Rs 12,500 crore in interest expense"
 "External benchmark linked loans to save Rs 12,500 cr in interest costs")
Banks get ready to put in extra money in debt-laden Jet Airways
Etihad Airways keen to sell stake to banks at discounted price
 "Banks get ready to put in extra money in debt-laden Jet Airways")
Jet Airways crisis deepens as Etihad refuses to agree on contours of deal
Etihad would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
 "Jet Airways crisis deepens as Etihad refuses to agree on contours of deal")
Will RBI's $5-billion swap facility be a success? Experts remain divided
The three-year swap will take place through an auction on March 26
 "Will RBI's $5-billion swap facility be a success? Experts remain divided")
Senior officials of BoB, Vijaya, Dena to brainstorm on smooth merger
The meeting comes ahead of commencing business as merged entity on April 1
 "Senior officials of BoB, Vijaya, Dena to brainstorm on smooth merger")
Naresh Goyal, Etihad must salvage cash-strapped Jet Airways: Lenders
The Jet Airways' resolution plan has to be put to work this month itself
 "Naresh Goyal, Etihad must salvage cash-strapped Jet Airways: Lenders")
Etihad quiet on interim funding plan; Jet Airways grounds four more planes
Jet grounds four more planes; Abu Dhabi airline may ask for time to mull over rescue deal
 "Etihad quiet on interim funding plan; Jet Airways grounds four more planes")
There has to be free, fair discussion between govt and RBI: Shaktikanta Das
Shaktikanta Das has been pragmatic and more accommodative of the financial market's concerns even as he keeps his counsel
 "There has to be free, fair discussion between govt and RBI: Shaktikanta Das")
Banks want RBI to defer IndAS roll-out over higher loan-loss provisioning
Banks would be required to prepare financial statements for the financial year beginning April 2019 as well as for the previous year for comparative purpose under IndAS
 "Banks want RBI to defer IndAS roll-out over higher loan-loss provisioning")
Canadian fund plans to invest about Rs 1,800 crore in Edelweiss arm
CDPQ will now help with long-term strategy to build a strong credit portfolio
 "Canadian fund plans to invest about Rs 1,800 crore in Edelweiss arm")
Axis chief Amitabh Chaudhry targets threefold growth in AUM of MF arm
Axis AMC will expand its product range and leverage the parent bank's distribution channel to improve sales and target better customer segments
 "Axis chief Amitabh Chaudhry targets threefold growth in AUM of MF arm")
RBI Governor Das, bankers may not be on same page over passing rate cuts
So far, SBI has reduced its home loan rates (up to Rs 30 lakh) by only five basis points (bps) after the policy rate cut of 25 bps on February 7
 "RBI Governor Das, bankers may not be on same page over passing rate cuts")
Govt banks get Rs 48,239-crore capital boost to move out of PCA framework
The government has kept around Rs 5,000 crore as buffer for "any last-minute contingency"
 "Govt banks get Rs 48,239-crore capital boost to move out of PCA framework")
YES Bank denies wrongdoing, says disclosure in line with guidelines
On February 14, the private lender had disclosed that the RAR had not found any divergence in asset classification and provisioning for 2017-18
 "YES Bank denies wrongdoing, says disclosure in line with guidelines")
Time to turn cautious on India Inc, warns S&P
Elections may pose additional risks for Indian corporates, it said
 "Time to turn cautious on India Inc, warns S&P")
Project delays to defaults, bankers flag issues on realty sector exposures
Public sector bankers dealing in housing finance said the sector is in transition, showing the effects of RERA
 "Project delays to defaults, bankers flag issues on realty sector exposures")
Lenders in pilot's seat at Jet Airways; Goyal's stake may reduce to 22%
Etihad Airways is likely to retain its 24% shareholding
Bank credit up 14.5% to Rs 94.29 trn, deposits rise 9.63%: RBI data
The pick-up in economic activity has boosted credit demand
 "Bank credit up 14.5% to Rs 94.29 trn, deposits rise 9.63%: RBI data")
Here are some steps that could be initiated against wilful defaulters
Defaulters cannot get additional finance from banks
 "Here are some steps that could be initiated against wilful defaulters")