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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RBI to deal with stressed assets 'creatively and pragmatically'
Owing to the large amount of NPA in the corporate sector banks are wary of lending to certain sectors
 "RBI to deal with stressed assets 'creatively and pragmatically'")
Canadian pension fund CDPQ to invest Rs 5,000 cr in Edelweiss ARC
To invest about Rs 5,000 crore over four years in stressed assets and specialised corporate credit in India
 "Canadian pension fund CDPQ to invest Rs 5,000 cr in Edelweiss ARC")
Edelweiss ARC buys Essar Steel loans from Axis Bank
Four private banks, including ICICI Bank, Federal Bank, had sold part of their exposure to Essar group entities to a Edelweiss group entity
India Inc's credit quality recovers in H1 FY17: CRISIL
Value of debt upgrades more than downgrades
 "India Inc's credit quality recovers in H1 FY17: CRISIL")
Bank of Maharashtra CMD Muhnot fired
Marathe new MD and CEO of Bank
 "Bank of Maharashtra CMD Muhnot fired")
Monsoon bounty to push consumer consumption in FY17: Crisil
Rural India to see maximum benefit
 "Monsoon bounty to push consumer consumption in FY17: Crisil")
SBI chairman gets one-year extension
Arundhati Bhattacharya gets one-year extension amid consolidation with associate banks
 "SBI chairman gets one-year extension")
Stabilising asset quality prime task: IOB chief
R Subramania Kumar moved to IOB on September 29 to avert a crisis as it would have become a leaderless organisation
 "Stabilising asset quality prime task: IOB chief")
RBI Governor Urjit Patel tweaks monetary policy communication practices
The resolution of the MPC will be placed on RBI's website at 2.30 pm on October 4
 "RBI Governor Urjit Patel tweaks monetary policy communication practices")
BBB seeks bigger say in bank governance
Wants to appoint non-official directors
 "BBB seeks bigger say in bank governance")
RBI may pause this time, but rate cut likely in Dec
Lower inflation, FCNR(B) outflows likely to influence central bank decision
 "RBI may pause this time, but rate cut likely in Dec")
PSBs can't be run like driverless cars: RBI
Government is yet to announce if SBI will get new Chairman or Arundhati Bhattacharya, wil get an extension at end if this month
 "PSBs can't be run like driverless cars: RBI")
Partnership with Jio a virtual merger: Anil Ambani
Anil Ambani said the merger was already in the works given the two entities are sharing spectrum, network, fibre and towers
 "Partnership with Jio a virtual merger: Anil Ambani")
Reliance Life, General Insurance listing in pipeline
It is targeting Home Finance unit listing in April 17
 "Reliance Life, General Insurance listing in pipeline")
Banks Board Bureau recommends nine for ED posts
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates
Banks may seek more bids for Essar Steel loans
Banks with loan exposure of over Rs 40,000 crore to Essar Steel have received a proposal from SSG Capital to buy the debt at half the price
 "Banks may seek more bids for Essar Steel loans")
Govt tells banks to focus on cash recovery
At present, much of their loan recovery happens in written-off accounts
 "Govt tells banks to focus on cash recovery")
Trade deficit lowers first quarter CAD
Contraction due to lower trade deficit; balance of payments stays positive
 "Trade deficit lowers first quarter CAD")
Sundaram Finance to raise Rs 2,000 crore via debentures
Asset quality on upward trajectory despite tightening norms
 "Sundaram Finance to raise Rs 2,000 crore via debentures")