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 131 - Abhijit Lele%20/t%20_blank
Demonitisation effect: Surge in CASA deposits may bring down rates
Banks' deposit base would receive a fillip of 0.5-1.4% of gross domestic product
 "Demonitisation effect: Surge in CASA deposits may bring down rates")
Currency in circulation shrinks: RBI
Cash shortage hits small businesses such as road-side vendors, restaurants and grocery stores
 "Currency in circulation shrinks: RBI")
Incremental stress on bank books coming down, says RBI official
Public sector bank executives said the fall in addition was small but reflected gradual changes due to a slew of steps to control NPA slippage
 "Incremental stress on bank books coming down, says RBI official")
CRISIL downgrades Tata Teleservices' loans
Outlook on ratings banks loans worth Rs 15,000 crore is negative
 "CRISIL downgrades Tata Teleservices' loans")
Normalcy by month-end, says SBI chief Arundhati Bhattachaya
We have collected Rs 83,702 crore in deposits in the last five days, says Arundhati Bhattachaya
 "Normalcy by month-end, says SBI chief Arundhati Bhattachaya")
Recalibrating ATMs to take more than a week, say bankers
Cash management companies reported filling up ATMs had been affected because bank staff were under pressure at branches
 "Recalibrating ATMs to take more than a week, say bankers")
NPCI waives switching fee for RuPay card transactions
This waiver has been made with effect from November 11 till December 31
 "NPCI waives switching fee for RuPay card transactions")
Tata-Mistry battle makes SBI red
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure
 "Tata-Mistry battle makes SBI red")
Day 4: Chaos at banks, ATMs, trade collapses in small towns
A bank holiday on Monday only aggravated the situation as panicked customers stood hours outside branches to deposit and exchange cash
 "Day 4: Chaos at banks, ATMs, trade collapses in small towns")
SBI Q2 net down 35% at Rs 2,538 cr on high NPA provisions
Bank raises forecast for deposit growth; provisions for bad loans almost doubled from a year earlier to Rs 767 cr
 "SBI Q2 net down 35% at Rs 2,538 cr on high NPA provisions")
Banks expect 5/25, SDR cases to increase as new debt resolution scheme kicks in
NPAs and provisioning requirement for banks to come down
 "Banks expect 5/25, SDR cases to increase as new debt resolution scheme kicks in")
Demonetisation effect: Lenders will rejoice as home loan size will increase
HFCs and banks expect a drop in demand for housing loans in the short-term
 "Demonetisation effect: Lenders will rejoice as home loan size will increase")
Banks to hire retired officials, extend working hours to stack up new currency notes in ATMs, branches
Branches to remain open on Saturday and Sunday
 "Banks to hire retired officials, extend working hours to stack up new currency notes in ATMs, branches")
Lenders meet today to review HCC's debt rejig plan
The lenders will subscribe to 24.44% fresh equitywhich will bring down promoter holding from 36.07% to 27.44%
 "Lenders meet today to review HCC's debt rejig plan")
CRISIL cuts rating for J&K Bank deposits on asset quality concerns
Rating agency CRISIL has downgraded ratings for the Jammu and Kashmir Bank's fixed deposits from 'AA' from 'AA-'
ICICI Bank Q2 net up 2.37% at Rs 3,102 crore
Stock up 3%; asset quality of Rs 32,500-cr loans on watch list
 "ICICI Bank Q2 net up 2.37% at Rs 3,102 crore")
PNB Housing Finance closes at 15% premium to issue price
Shares touched a high of Rs 904 and a low of Rs 860 on the National Stock Exchange
 "PNB Housing Finance closes at 15% premium to issue price")
PNB Housing lists at 11.6% premium to issue price, IPO oversubscribed by 30 times
The company had fixed the price band at Rs 750-775 per share for the offer
 "PNB Housing lists at 11.6% premium to issue price, IPO oversubscribed by 30 times")
NBFCs' borrowings from banks up over 20 times in one year
Net borrowing in these NBFCs rose to Rs 74,000 crore from a mere Rs 3,600 crore in the previous 12 months
 "NBFCs' borrowings from banks up over 20 times in one year")
NPA provisions dent bottom line of three public sector banks
PNB Q2 net down 11.5% at Rs 549 cr; Bank of Maharashtra, Dena Bank post losses
 "NPA provisions dent bottom line of three public sector banks")