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 bought forex worth $3.8 bn in Apr-June
In its third bi-monthly policy review RBI said the pace of foreign direct investment inflows slowed in the first two months of 2016-17
 "RBI bought forex worth $3.8 bn in Apr-June")
Bond markets rally as salute to Rajan's last monetary policy
RBI Governor says if the central bank sees stress in currency market, it will take a call on infusing liquidity in the foreign exchange markets
 "Bond markets rally as salute to Rajan's last monetary policy")
Ready for FCNR (B) redemptions without disruption: RBI
Has covered 80% of requirements through forward contracts
 "Ready for FCNR (B) redemptions without disruption: RBI")
 "Union Bank eyes Rs 1,200- cr recovery from small-size NPAs")
IDBI Bank to raise Rs 4,000 cr via tier II, infra bonds
Rating agency CRISIL has assigned "AA/Negative" rating for both instruments
 "IDBI Bank to raise Rs 4,000 cr via tier II, infra bonds")
S&P downgrades ICICI Bank's standalone credit profile
The bank's asset quality will remain under pressure over the next 12 months
 "S&P downgrades ICICI Bank's standalone credit profile")
Tackling bad loans first priority for PSBs: Rai
Bad loan recovery is absolutely on top of agenda so that lending process can start again, the Banks Board Bureau chief said
 "Tackling bad loans first priority for PSBs: Rai")
GST might push up banks' operating expenses
The effective tax rate for fee-based services of banks may rise from present 15% to 18%
 "GST might push up banks' operating expenses")
SBI to chalk out circle-wise branch rationalisation plan
In metropolitan and large cities, the bank has spread adequately while scope still exists to cover other geographical areas like remote and under-served areas
 "SBI to chalk out circle-wise branch rationalisation plan")
Economic risks constrain Indian and Chinese banks, says S&P
Banks in India and China will continue to face pressures on their asset quality, profitability over next 12-24 years, report said
 "Economic risks constrain Indian and Chinese banks, says S&P")
Softening yields, stable currency aids India Inc's overseas fund raising
Over the weekend, state-owned Export Import Bank of India announced it would raise $1 billion through 10-year dollar-denominated bonds
 "Softening yields, stable currency aids India Inc's overseas fund raising")
Singapore aid sought in coal import case
SBI expressed inability to reveal details without clients' permission
 "Singapore aid sought in coal import case")
EXIM Bank raises $1 billion through 10-year bond
The issue attracted a total order book in excess of $2.50 billion, achieving 2.5x over subscription from over 157 investors, EXIM Bank said in a statement
 "EXIM Bank raises $1 billion through 10-year bond")
PNB to sell its realty assets in central Delhi
Takes over five-star property in Bengaluru to recover dues
 "PNB to sell its realty assets in central Delhi")
RBI imposes Rs 1-cr fine on UCO Bank
Lender breached rules to open current accounts
 "RBI imposes Rs 1-cr fine on UCO Bank")
RBI slaps Rs 27-cr fine on 13 banks in forex case
Asks 8 banks to tighten regulatory compliance
 "RBI slaps Rs 27-cr fine on 13 banks in forex case")
HDFC Q1 net profit up 37%
The HDFC stock closed flat at Rs 1,236 on the BSE
 "HDFC Q1 net profit up 37%")
Jaiprakash Power: Banks invoke SDR
Lenders of Jaiprakash Power Ventures have invoked strategic debt restructuring (SDR) on Monday to acquire a significant stake in the company and convert part of its ballooning debt into equity.
 "Jaiprakash Power: Banks invoke SDR")
Underwriting norms need to improve for cheap home loans
Indian Housing Finance Companies (HFCs) need to work on underwriting standards for affordable home loans to control credit risks, according to Moody's
 "Underwriting norms need to improve for cheap home loans")
Not supportive of bureaucratic process for selecting governor: D Subbarao
Interview with Former governor, RBI
 "Not supportive of bureaucratic process for selecting governor: D Subbarao")