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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IDFC-Shriram merger called off on differences over swap ratio
We never got a formal counter-offer, presumably, because their set of shareholders could not get comfortable with our ask, said Rajiv Lall
 "IDFC-Shriram merger called off on differences over swap ratio")
Q2 and Q3 will be bumper quarters for GDP: HDFC Chairman Deepak Parekh
Said life insurance is under-penetrated in the country and its future is good
 "Q2 and Q3 will be bumper quarters for GDP: HDFC Chairman Deepak Parekh")
Private banks' NPA provisions surge in second quarter
The sequential increase is led by RBI's audit of asset quality for FY17
 "Private banks' NPA provisions surge in second quarter")
SBI asks Odisha to take equity in Bhushan Steel
Steel firm, facing insolvency, also sought equity support of 26% from the state
 "SBI asks Odisha to take equity in Bhushan Steel")
Rajnish Kumar wants to make SBI a 'Divya and Bhavya' bank
In his first communication to SBI group employees, Kumar says a bank is as good as its frontline people
 "Rajnish Kumar wants to make SBI a 'Divya and Bhavya' bank")
Rajnish Kumar's elevation as SBI chief likely to trigger reshuffle at top
On the reshuffle of posts, bankers said there could changes in the portfolio of MDs and DMDs
SBI to sell NPAs of over Rs 3,550 cr to ARCs, finance companies
The top accounts include Jai Balaji Industries (Rs 873 crore), MSP Metalics (Rs 554 crore) and Shiva Textfab Ltd (Rs 531 crore)
 "SBI to sell NPAs of over Rs 3,550 cr to ARCs, finance companies")
JSW Steel looks for partners in Bhushan Steel bid
Sources said JSW Steel was likely to bid 'aggressively' for Bhushan Steel
 "JSW Steel looks for partners in Bhushan Steel bid")
Nitin Gadkari says NHAI IPO is 'in process'; raps banks' funding pace
Gadkari complained banks were taking up to 12 months to approve financial closure for highway projects
 "Nitin Gadkari says NHAI IPO is 'in process'; raps banks' funding pace")
BOI, United Bank to raise up to Rs 1,500 crore via bonds
Both banks are facing elevated pressure on asset quality and profitability
 "BOI, United Bank to raise up to Rs 1,500 crore via bonds")
CRISIL downgrades Union Bank, Corp Bank's tier I, II bonds
Union Bank faces stress in corporate loan portfolio; Corporation Bank's asset quality stress to stay
 "CRISIL downgrades Union Bank, Corp Bank's tier I, II bonds")
Education loan defaults may hurt students' credit score: CIBIL
The overall incidence of delinquency on education loans is around 5%
 "Education loan defaults may hurt students' credit score: CIBIL")
Outlook for Indian banking system stable: Moody's
On improved prospects for asset quality
 "Outlook for Indian banking system stable: Moody's")
RBI asks banks to stick to December deadline for insolvency
The latest communique is a reminder of that deadline, say bankers
 "RBI asks banks to stick to December deadline for insolvency")
ICICI Bank to raise Rs 10,000 crore via bonds
The overall loan book is expected to expand by 10-12 per cent this financial year
 "ICICI Bank to raise Rs 10,000 crore via bonds")
SBI advances branch rationalisation deadline by 12 months
Bank expects savings in excess of Rs 1,160 crore per annum
 "SBI advances branch rationalisation deadline by 12 months")
SBI does a first, cuts savings rate to 3.5% on deposits up to Rs 1 cr
50-bps reduction may prompt others to follow
 "SBI does a first, cuts savings rate to 3.5% on deposits up to Rs 1 cr")
SC orders Ketan Parekh to pay up Rs 50 cr in 2 months or face detention
Bank of India claims Parekh owes the bank Rs 1,700 crore in damages, including interest
 "SC orders Ketan Parekh to pay up Rs 50 cr in 2 months or face detention")
Kerala may advance market borrowings to offset GST transition impact
State is slated to borrow Rs 6,000 cr in July-Sept period; Rs 5,000 cr to be raised in August itself
 "Kerala may advance market borrowings to offset GST transition impact")
Stressed banking sector, leveraged firms might drag down growth: RBI
Six-monthly report reviews macro economic conditions and the financial sector
 "Stressed banking sector, leveraged firms might drag down growth: RBI")