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).
Page 128 - Abhijit Lele%20/t%20_blank
Kotak launches zero-charge digital bank account
Its aim is to double the customer base to 16 million over the next 18 months
 "Kotak launches zero-charge digital bank account")
SBI to raise Rs 15,000 cr in FY18
SBI executive said nod from the board is an enabling provision
 "SBI to raise Rs 15,000 cr in FY18")
SBI to raise its stake to 74% in SBI Cards, GE Capital's arm
At present, SBI holds 60% stake in SBI Cards and Payments and will acquire another 14% stake
 "SBI to raise its stake to 74% in SBI Cards, GE Capital's arm")
SBI floats one-time settlement scheme for tractor loans
The settlement scheme began early last month and will continue till March 31
 "SBI floats one-time settlement scheme for tractor loans")
L&T Infra Debt to raise Rs 2,500 cr to refinance projects
The company's portfolio comprises projects with an average of four years of satisfactory operations
 "L&T Infra Debt to raise Rs 2,500 cr to refinance projects")
Icra cuts rating on IDBI Bank's bonds
Weak Q3 performance triggers rating review
 "Icra cuts rating on IDBI Bank's bonds")
SBI associate banks narrow losses to Rs 787 cr in Q3
Gross NPA rose marginally to Rs 52,890 cr at the end of Dec 2016 from Rs 51,380 cr in Sept 2016
 "SBI associate banks narrow losses to Rs 787 cr in Q3")
Rates unchanged: RBI, banks differ on lending rate cuts
RBI sees much room and other bankers do not, giving various reasons
 "Rates unchanged: RBI, banks differ on lending rate cuts")
Operating profits of banks show improvement: RBI
Provisions for stressed loans adequate, says Mundra; monitoring to continue
 "Operating profits of banks show improvement: RBI")
Banks may not respond to RBI rate cut, if any
RBI had kept the repo rate unchanged at 6.25% in its December policy review
 "Banks may not respond to RBI rate cut, if any")
IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans
Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016
 "IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans")
Axis Bank Q3 net plunges 73% to Rs 580 cr
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances
 "Axis Bank Q3 net plunges 73% to Rs 580 cr")
Credit growth slows after note ban
Banks lend Rs 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further
 "Credit growth slows after note ban")
Note ban: Currency in circulation shows rise after 9 weeks of fall
This may temper the surge in payments made through digital banking
 "Note ban: Currency in circulation shows rise after 9 weeks of fall")
Interest rate cut: Small relief for indebted firms
Interest rate cuts have not reduced cost of funds for corporates in the past
 "Interest rate cut: Small relief for indebted firms")
HDFC, Indiabulls Housing take on SBI, ICICI with home loan rate cuts
HDFC is offering 8.65% to women borrowers for loans up to Rs 75 lakh, and 8.7% to other borrowers
 "HDFC, Indiabulls Housing take on SBI, ICICI with home loan rate cuts")
Hamara Ghar offer: SBI's new home loan
Its aim is to pass on the benefit of reduction in cost of funds and give a push to credit demand
 "Hamara Ghar offer: SBI's new home loan")
Credit growth to improve after rate cut, says SBI
SBI said it had received about Rs 1,60,000 cr in low-cost deposits after demonetisation
 "Credit growth to improve after rate cut, says SBI")
Demonetisation impact on banking: Bankers' tryst with trust
Big challenge was recalibration of ATMs to dispense new-sized notes of Rs 2,000
 "Demonetisation impact on banking: Bankers' tryst with trust")
IDBI, SBT cut rates
Since April, IDBI Bank has lowered its MCLR by 30-60 basis points across tenors
 "IDBI, SBT cut rates")