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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).
Dragging cases in NCLT would mean higher provisioning in next quarter
'The healthy net interest margin (11.8 per cent) helped to increase profits,' MD and CEO Samit Ghosh said
Invocation of NCLAT's stay order by JRPICL to withhold regular debt payment is a reversal of the management's previous stance
It had posted a net loss of Rs 124.98 crore in October-December 2017 (Q3Fy18)
The company is now focusing on newer avenues to grow
Banks have a large pool of government bonds that are much above the SLR of 19.5%
Huge provision bill hit bottomlime
Airline says change in board composition under consideration
Senior SBI executive said the sale if goes through would give bank immediate cash to be deployed for lending operations
Banks may have to tweak the way they appraise loans to the sector
PNBHFL is among the top-five HFCs in India in terms of assets under management, with about a six per cent market share of housing loans
RBI governor has been holding consultations with various stakeholders in the financial sector after taking charge in December 2018
Loan defaults rise in three years; finance companies becoming vulnerable
Family member may replace Naresh Goyal on airline's board
Jet Airways is trying to mop up fresh funds from a consortium of banks led by State Bank of India and strategic partner Etihad Airways
The non-payment of dues beyond 90 days would force the banks to treat their exposure as a non-performing assets
Domestic securitisation market volumes touched all-time high of Rs 1.44 trn during the nine months to December 2018, as compared to Rs 84,000 crore for the entire fiscal 2018
LIC's capital infusion could enable IDBI Bank to accelerate write-offs and make sufficient provisions against stressed assets
Various fintech firms have opted for credit scoring partnerships to facilitate lending in online marketplaces like Bankbazaar
Shares of Jet continued to trade weak on Thursday, falling over 6% after the crisis-hit firm defaulted on repayment of loans to a consortium of Indian banks