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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Note ban: In rude shock for many NRIs, resident Indians, new window shut
We cannot change rules even by a millimetre, said an RBI official
 "Note ban: In rude shock for many NRIs, resident Indians, new window shut")
L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance
LTFHL is into services across rural, housing and wholesale finance businesses
 "L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance")
RBI panel to review Rs 10,000-cr debt soon
Most of these accounts are from the infrastructure, textiles and roads sectors
 "RBI panel to review Rs 10,000-cr debt soon")
SBI's capital raising credit positive, removes dependence on govt: Moody's
Yet, high credit costs may continue to erode profits as SBI will rebuild its provisioning coverage
 "SBI's capital raising credit positive, removes dependence on govt: Moody's")
Bad loans: IDBI Bank forms new vertical to recover over Rs 5,000 cr in FY18
To control cost, it will also curb staff hiring for at least a year and reduce outsourcing
 "Bad loans: IDBI Bank forms new vertical to recover over Rs 5,000 cr in FY18")
RBI begins talks with stakeholders on debt recast plan
No timelines specified but there is a definite sense of urgency
 "RBI begins talks with stakeholders on debt recast plan")
One year on, Banks Board Bureau looks less relevant
BBB will be advising the government on evolving suitable training and development programmes
 "One year on, Banks Board Bureau looks less relevant")
Bank wage talks begin on May 2
The Pay Commission had recommended an overall 23.55 per cent hike in basic pay plus allowances
 "Bank wage talks begin on May 2")
SBI cuts term deposit rates up to 50 bps
But no change in lending rates
 "SBI cuts term deposit rates up to 50 bps")
PNB loans to get cheaper as bank cuts MCLR rates from May 1
Revised lending rate will be 8.35% for one-year credit, as against 8.45% currently
 "PNB loans to get cheaper as bank cuts MCLR rates from May 1")
Maharashtra farmers delay loan repayment on hopes of a debt waiver
Speculation of a loan waiver is leading to more defaults in loan recoveries
 "Maharashtra farmers delay loan repayment on hopes of a debt waiver")
Janalakshmi Financial Services to start small finance bank in Q2
The Bengaluru-based NBFC will open 300 branches during the year covering major locations in India
 "Janalakshmi Financial Services to start small finance bank in Q2")
Federal Bank Q4 zooms 25 times to Rs 257 cr
Net NPAs also declined to 1.28% in March 2017 from 1.64% a year ago
 "Federal Bank Q4 zooms 25 times to Rs 257 cr")
Credit to industry shrinks 1.9% in Mar 17
In contrast, credit to services sector jumped to 19.5% by the end of March 2017
 "Credit to industry shrinks 1.9% in Mar 17")
RBI prescribes rules for chief risk officers in banks
The CRO will not have any reporting relationship with business verticals
 "RBI prescribes rules for chief risk officers in banks")
SBI slips on tractor loan settlement plan
Crop failure and inability to deploy tractors were some of the reasons for the loans turning bad
 "SBI slips on tractor loan settlement plan")
SBI's VRS offer gets tepid response
Two senior execs with SBI group said the package (maximum 30 mths salary) wasn't seen as attractive
RBI tightens screws on banks to ease bad debt
New rules push mergers if capital levels fall below set ratios
 "RBI tightens screws on banks to ease bad debt")
Tata, Adani power exposure under lens
They are worried about fallout of firms of the SC verdict on compensatory tariff for imported coal
 "Tata, Adani power exposure under lens")
SBI to begin FY18 as banking behemoth
Branch rationalisation consequent to the merger would be spread over in FY18