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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Fullerton India raises Rs 500 cr via masala bonds
Fullerton also plans to raise up to Rs 1,000 crore through debentures and subordinated debt from domestic market
 "Fullerton India raises Rs 500 cr via masala bonds")
Inflation to soften on good rains, economic revival visible: MPC
The outlook for economic expansion also seemed to be better with signs of revival
 "Inflation to soften on good rains, economic revival visible: MPC")
Bill on resolution of troubled banks in India is credit positive: Moodý's
Under the draft bill, public sector banks will be brought under the ambit of the resolution framework
 "Bill on resolution of troubled banks in India is credit positive: Moodý's")
ICRA downgrades Amtek Auto unit's term loan rating
The rating action also takes into account the continued depressed financial performance
 "ICRA downgrades Amtek Auto unit's term loan rating")
SBI to sell upto 5% in SBI Life to non-promoter entity
Expects to conclude deal in FY17
 "SBI to sell upto 5% in SBI Life to non-promoter entity")
Banks refute BBB Chairman's claims on bad loan clean-up
Vinod Rai says banks not doing enough to clean up the NPA mess
 "Banks refute BBB Chairman's claims on bad loan clean-up")
Spectrum buying to strain Indian telcos' books further; a credit negative: Moody's
Operators will likely opt to defer their spectrum payments, mitigating the effect on cash flows
 "Spectrum buying to strain Indian telcos' books further; a credit negative: Moody's")
Patel warns of risks from Brexit, US polls
The growth rate for BRICS nations at 5.1 per cent will overtake the 3.1 per cent growth rate of world economy this year
 "Patel warns of risks from Brexit, US polls")
 "Lenders: Multiple triggers for faster retail loan growth")
4 PSBs may default on AT-1 bonds' coupon
Continued losses erase revenue reserves
 "4 PSBs may default on AT-1 bonds' coupon")
RBI, banks discusses setting up a company for project monitoring
This is part of RBI's efforts to improve risk management, contain delays and reduce risks for projects becoming bad loans
 "RBI, banks discusses setting up a company for project monitoring")
Centrum bets big on housing, SME lending
Gets shareholders nod for Rs 1,000-crore capital-raising plan
 "Centrum bets big on housing, SME lending")
Recoveries to be higher, says PNB
Bank says most of the work on recoveries is happening on the field, covering SME and retail sectors
 "Recoveries to be higher, says PNB")
Breather for niche banks on capital, borrowings
However, the minimum capital requirement for these banks have been kept higher at 15% as compared to the scheduled commercial banks, which is at 11%
 "Breather for niche banks on capital, borrowings")
RBI policy move keeps markets guessing
The central bank got room to effect 25 bps rate cut due to a change in its stance on neutral real rate and the timeframe for achieving the inflation target
 "RBI policy move keeps markets guessing")
India Inc wants overhaul of S4A guidelines
Currently the scheme is applicable only for operating companies and not for stalled projects and banks are not allowed to elongate 'sustainable' part of loan
 "India Inc wants overhaul of S4A guidelines")
ABG Shipyard promoters to lose controlling stake
After ICICI, all members of lender consortium to process conversion of CCPS into equity
 "ABG Shipyard promoters to lose controlling stake")
'Pragmatic' Urjit Patel brings shift in monetary, banking policy management
The RBI changed its stance on the neutral real rate and the timeframe for achieving the 4% inflation target, creating room for monetary easing
 "'Pragmatic' Urjit Patel brings shift in monetary, banking policy management")
Cheaper credit only after deposit rate cut
The banking regulator expects banks to make loans cheaper over the coming quarters
 "Cheaper credit only after deposit rate cut")
S4A guidelines to be reviewed
This comes at a time when bank credit to the corporate sector has remained sluggish, dragging overall credit offtake to single digits
 "S4A guidelines to be reviewed")