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 129 - Abhijit Lele%20/t%20_blank
BS Banking Annual 2016: Challenges abound
Banks will need to address issues such as stressed assets, capital adequacy, competition from digital and new players. Time is running out
 "BS Banking Annual 2016: Challenges abound")
Angry customers, difficult management: How bankers are coping with note ban
In the initial days of demonetisation, banks had taken the help of some retired staff, but the employees are on their own now
 "Angry customers, difficult management: How bankers are coping with note ban")
RBI U-turn: KYC customers can deposit any amount, any number of times
RBI withdrew rules that required bank customers to make deposits of above Rs 5,000 in old notes
 "RBI U-turn: KYC customers can deposit any amount, any number of times")
10% interest rates: Money lenders make a comeback due to currency shortage
Currency shortage is forcing wage earners to borrow at interest rates as high as 10% per month
 "10% interest rates: Money lenders make a comeback due to currency shortage")
Demonetisation impact on banks: Asset quality risks will show only in Q4
The loss of income has severely dented the loan repayment ability of small borrowers
 "Demonetisation impact on banks: Asset quality risks will show only in Q4")
American reinsurer RGA gets final nod from IRDAI to open branch in India
The group, which has been in India for the past 15 years, plans to open a branch in Mumbai
 "American reinsurer RGA gets final nod from IRDAI to open branch in India")
With new notes in short supply, banks unable to give out Rs 24,000 a week
Banks have reported that banknotes worth Rs 5,92,613 cr have been issued to the public
 "With new notes in short supply, banks unable to give out Rs 24,000 a week")
Bank loans grow by over Rs 73,000 cr in fortnight ending Dec 9
Much of money in the form of old notes has flowed into deposits in first 30 days
Dr Shetty's NMC Health Plc buys UAE Hospital for $ 560 mn
The Al Zahra Hospital, with operating 137 active inpatient beds, serves about 0.4 million outpatients and 23,000 inpatient bed days per year
 "Dr Shetty's NMC Health Plc buys UAE Hospital for $ 560 mn")
Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation
The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago
 "Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation")
Current account deficit narrows with import plunge in Q2
But on a sequential basis CAD higher than the $0.3 bn in April-June
 "Current account deficit narrows with import plunge in Q2")
IFCI turns headless as MD, DMD finish stints
The company is reeling under a huge pool of non-performing assets, which constitute 22% of all loans
 "IFCI turns headless as MD, DMD finish stints")
SBI to revalue SBI Life for later stake sale to JV partner
After agreeing to a deal to sell 3.9% stake in SBI Life Insurance, its JV with BNP Cardiff
 "SBI to revalue SBI Life for later stake sale to JV partner")
Shipping firms fail to encash fourfold rise in freight index
Hostile tanker indices could make debt servicing difficult
 "Shipping firms fail to encash fourfold rise in freight index")
CRISIL downgrades outlook for TN-govt owned Power units to 'negative'
The outlook revision reflects increased likelihood of strain on Government of Tamil Nadu (GoTN's) financial risk profile
 "CRISIL downgrades outlook for TN-govt owned Power units to 'negative'")
Demonetisation effect: RBI liability remains for old notes
From Nov 10 to Dec 5, the central bank says it supplied to the public bank notes of various denominations worth Rs 3.81 lakh cr
 "Demonetisation effect: RBI liability remains for old notes")
Despite repo pause, banks likely to cut rates
Reversal of 100% CRR on deposits and steady flow of money into low cost deposits expected to push interest rates down
 "Despite repo pause, banks likely to cut rates")
Demonetisation fallout: Bank unions threaten to agitate, plan strike against work pressure
While the govt and RBI say there has been some improvement in supply for currency notes in the system, the ground reality is different
 "Demonetisation fallout: Bank unions threaten to agitate, plan strike against work pressure")
Limit set for credit exposure for banks
New regime on loans to one party; to kick in by Apr 2019
Payday pressure no big deal, early Nov withdrawals reduces load: SBI
Shift to e-payments reduces load; servicing rural areas remains a challenge
 "Payday pressure no big deal, early Nov withdrawals reduces load: SBI")