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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Banks want promoters' guarantee for new loans
Stressed assets sale stalled as bidders refused to give such guarantees
 "Banks want promoters' guarantee for new loans")
Asset quality cycle of banks to improve, says Moody's
Stable system outlook driven by five factors, including operating environment and government support
 "Asset quality cycle of banks to improve, says Moody's")
High-yield bond offers attract retail investors
Banks, govt cutting interest rates prompts change in investor behaviour
 "High-yield bond offers attract retail investors")
Reliance Cap to list housing finance arm
Reliance Home Fin seeks to build a Rs 50,000 cr loan book, says RCL's Anmol A Ambani; Reliance Cap shareholders to get 49% stake
 "Reliance Cap to list housing finance arm")
SBI set to launch foreign AT1 bonds on Wednesday
Indicative coupon is 5.5%
 "SBI set to launch foreign AT1 bonds on Wednesday")
Lenders plan to dig deep into steel firms' coffers for dues
This comes in the backdrop of improvement in volumes from product sales
 "Lenders plan to dig deep into steel firms' coffers for dues")
Axis, RBL & other banks take stake in NPCI
Urban cooperative banks and RRBs also come on board
Many Indian banks risk breaching Basel III capital triggers: Fitch
Public sector banks are the most at risk
 "Many Indian banks risk breaching Basel III capital triggers: Fitch")
Janalakshmi Finance gets rating upgrade, IPO likely by FY19
Equity infusion of Rs 1,000 crore by investors in April 2016 increased net worth to Rs 2,400 crore
Reserve Bank widens market for sale of stressed assets
Allows banks, NBFCs and other financial institutions to buy such assets
 "Reserve Bank widens market for sale of stressed assets")
JLF regime's working not satisfactory, Anjuly Chib Duggal tells banks
The Department of Financial Services secretary added that unless bad loans were resolved, businesses were not going to be competitive
 "JLF regime's working not satisfactory, Anjuly Chib Duggal tells banks")
RBL Bank shares list at Rs 274.2, a 22% premium to listing price
The listing price is a 22 % premium to issue price of Rs 225 a share
 "RBL Bank shares list at Rs 274.2, a 22% premium to listing price")
IDBI Bank raises Rs 1,500 cr via tier I bonds
Sets coupon at 11.06% in its first AT1 bond issuance, to enhance capital adequacy
 "IDBI Bank raises Rs 1,500 cr via tier I bonds")
Oriental Bank of Commerce to raise Rs 1,000 cr via Tier-I bonds
The bank needs capital injections from the govt to support loan growth and capital requirements to meet Basel III norms
 "Oriental Bank of Commerce to raise Rs 1,000 cr via Tier-I bonds")
Unified Payment Interface app downloads cross 10,000
A customer's multiple bank accounts can be added to a single bank's UPI app
 "Unified Payment Interface app downloads cross 10,000")
Rosneft may have to rejig Essar Oil deal
Bankers working around sanctions on Russian energy major
 "Rosneft may have to rejig Essar Oil deal")
UPI goes live with 21 banks
SBI to log on a month later
Large corporate loans to cost more from FY18
Banks have to maintain additional provisions and high capital for such exposures
 "Large corporate loans to cost more from FY18")
SBI, PNB on a drive to auction properties
Country's largest lender to sell 1,000 properties
 "SBI, PNB on a drive to auction properties")
IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr
Ratings agency ICRA flags risks on public sector banks debt servicing capacity
 "IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr")