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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Central Bank posts loss in Q2
Allahabad Bank, Union Bank report decline in net profit due to increase in provision for bad loans
HDFC, ICICI Bank cut home loan rate by 0.15%
Competition heats up in the home loan business, with lenders reducing lending rates
 "HDFC, ICICI Bank cut home loan rate by 0.15%")
State Bank, ICICI cut home loan rates, waive off processing fee
SBI's home loan would be available at 9.15 per cent while women borrower will get at 9.10 per cent
 "State Bank, ICICI cut home loan rates, waive off processing fee")
IDBI Bank scouts for stressed asset fund partner
The bank is talking to two entities for an arrangement that goes beyond haircuts and provisioning
 "IDBI Bank scouts for stressed asset fund partner")
S&P affirms India's sovereign ratings, says outlook is stable
Improved monetary stability, sound external profile are major plus, says the ratings agency
 "S&P affirms India's sovereign ratings, says outlook is stable")
SBI associates post heavy losses in September quarter
Parent infuse Rs 2,400 crore in SBP to meet CAR norms
 "SBI associates post heavy losses in September quarter")
Leadership changes on Tata Sons not to impact risk profile: CRISIL
Ratings reflects strong financial risk profile supported by healthy liquidity, sound capital structure and exceptional financial flexibility
 "Leadership changes on Tata Sons not to impact risk profile: CRISIL")
CRISIL downgrades UCO Bank's tier-II bond rating
The bank's asset quality will continue to remain under pressure over the next few quarters, CRISIL said
 "CRISIL downgrades UCO Bank's tier-II bond rating")
Tata Capital's NPA woes due to Siva group exposure
The gross NPAs of Tata Capital on a consolidated basis declined to 3.8 per cent in 2015-16 from 4.2 per cent in FY15
 "Tata Capital's NPA woes due to Siva group exposure")
Shift to MCLR regime helps banks pass on rate cuts
Further softening of interest rates linked to deposit rate cuts, credit uptick
 "Shift to MCLR regime helps banks pass on rate cuts")
RBI spells out rules for start-ups to raise ECBs
Annual borrowing capped at $3 mn
 "RBI spells out rules for start-ups to raise ECBs")
Tata group write-down claims exaggerated: Banks
Group firms working on sound footing
British Columbia eyes large-size masala bond in next round
The Canadian province wants India to address withholding tax issues
HDFC Q2 net increases 14%
Its total income in the reporting quarter rose to Rs 8,103.15 crore from Rs 7,421.31 crore
 "HDFC Q2 net increases 14%")
Axis, IDBI Bank profits hit by NPA provisioning
HDFC Bank, Kotak Mahindra Bank and Federal Bank report healthy bottom line growth in September quarter
 "Axis, IDBI Bank profits hit by NPA provisioning")
Reliance Capital posts Rs 253 crore profit in Q2
Profit arrived at after setting aside Rs 74 cr for boosting reserves of Reliance General Insurance
 "Reliance Capital posts Rs 253 crore profit in Q2")
Govt, banks meet today on stressed assets
Just five sectors contribute 61% of the banking sector's stressed assets - infra, steel, textiles, power, and telecom
 "Govt, banks meet today on stressed assets")
PMO lens on debit card security breach probe
Concern highlights the fact that, unlike previous ATM frauds, current one might have far more serious repercussions and systemic risk
 "PMO lens on debit card security breach probe")
SBI to raise Rs 3,300 cr via additional tier-1 bonds
This is the second time in recent months that the bank is looking to raise funds through this route
 "SBI to raise Rs 3,300 cr via additional tier-1 bonds")