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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External benchmarks for loans may lead to face-off between banks, NBFCs
Banks are to link retail loans to external benchmarks; finance companies may be next
 "External benchmarks for loans may lead to face-off between banks, NBFCs")
Overregulation affecting liquidity, hurting sector: NBFCs tell PM Modi
On behalf of the NBFCs, Assocham submitted a detailed memorandum to the Prime Minister, highlighting key issues and suggestions, along with demands
 "Overregulation affecting liquidity, hurting sector: NBFCs tell PM Modi")
BoB-Dena-Vijaya Bank merger: New logo, but names of 3 PSBs to remain intact
RBI nod in place, Jaitley-led group of ministers to give final approval soon
 "BoB-Dena-Vijaya Bank merger: New logo, but names of 3 PSBs to remain intact")
How will Shaktikanta Das bridge the trust deficit between RBI and govt?
The new central bank governor will have to think out of the box to break the gridlock with North Block
 "How will Shaktikanta Das bridge the trust deficit between RBI and govt?")
RBI scaled up foreign exchange market operations in October 2018
The RBI has been infusing dollars to stem excess volatility in the foreign exchange market
 "RBI scaled up foreign exchange market operations in October 2018")
Demand for credit from corporate India is going up, say top bankers
Citing investment proposals from the firms in the steel, textiles, cement, oil and gas sectors, bankers said the capex cycle is showing clear signs of traction
 "Demand for credit from corporate India is going up, say top bankers")
ECB approvals to increase 38% over last year to $40 billion in FY19
The benchmark rate will be six-month dollar LIBOR or applicable benchmark for the respective currency
 "ECB approvals to increase 38% over last year to $40 billion in FY19")
IL&FS crisis: This subsidiary ran business without capital for 3 years
IFIN had outstanding loans and investments to companies in the IL&FS Group of Rs 57.28 billion (FY16), Rs 51.27 billion (FY17), and Rs 54.9 billion (FY18)
 "IL&FS crisis: This subsidiary ran business without capital for 3 years")
Sebi exempts Bandhan Bank from 1-year lock-in period on promoter shares
Bandhan Bank's capital adequacy ratio is in excess of 30%, one of the highest in the industry
 "Sebi exempts Bandhan Bank from 1-year lock-in period on promoter shares")
Credit growth may slip to 10% on band-aids in future, warn analysts
India Ratings said the 15 top NBFCs have around Rs 5 trillion loan assets that are 'preferred for assignment or securitisation'
 "Credit growth may slip to 10% on band-aids in future, warn analysts")
Govt extends Jayakumar's term as Bank of Baroda's MD & CEO by a year
The extension is being seen as an important move aimed at steering the proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank
 "Govt extends Jayakumar's term as Bank of Baroda's MD & CEO by a year")
Altor Executive Search, Vito India merge to tap growing financial sector
The merged entity will be India's largest financial sector talent search firm
 "Altor Executive Search, Vito India merge to tap growing financial sector")
IL&FS crisis: No concern over liquidity due to NBFCs, says SBI chairman
We lend support to NBFCs within the regulatory policy framework and will continue to do so, says Rajnish Kumar
 "IL&FS crisis: No concern over liquidity due to NBFCs, says SBI chairman")
Merger of BoB, Dena, Vijaya Bank may bring in savings worth Rs 10 billion
Credit rating agency Moody's on Tuesday said the merger of these banks would bring benefits of scale and governance
 "Merger of BoB, Dena, Vijaya Bank may bring in savings worth Rs 10 billion")
BoB, Dena, Vijaya Bank to merge; process completion may take 4-6 months
Amalgamated entity to be third-largest lender; govt to continue to provide capital support
 "BoB, Dena, Vijaya Bank to merge; process completion may take 4-6 months")
Icra cuts Gurgaon Metro rail's rating for not making debt payment on time
The company's inability to generate sufficient revenue due to continued weak ridership
 "Icra cuts Gurgaon Metro rail's rating for not making debt payment on time")
Tata Capital Financial to raise up to Rs 75 billion through sale of NCDs
The money raised will be primarily used for lending to businesses
 "Tata Capital Financial to raise up to Rs 75 billion through sale of NCDs")
Overseas investor eyes investment in Anil Ambani's Reliance Home Finance
There can be no certainty at this stage that any transaction will succeed
 "Overseas investor eyes investment in Anil Ambani's Reliance Home Finance")
Lenders seek extension on resolution proceedings against Videocon Oil
Bankers said they expected the valuation of Videocon Oil's assets in Brazil to double by next year due to rising oil prices
 "Lenders seek extension on resolution proceedings against Videocon Oil")
RBI wants states to invest in sinking and guarantee funds mandatorily
Central bank considering the idea of surplus states lending to those in deficit
 "RBI wants states to invest in sinking and guarantee funds mandatorily")