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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Stressed asset funds may help reduce differences over valuations
Such funds are likely to take a middle path and arrive at a realistic valuation that is acceptable to ARCs and banks
 "Stressed asset funds may help reduce differences over valuations")
Govt infusion in banks still short, say Icra & Fitch
Fitch said the government's capital infusion was unlikely to address the weak profitability of these banks
 "Govt infusion in banks still short, say Icra & Fitch")
SBI, Brookfield in JV to invest in stressed assets
SBI has said it has signed a pact with Brookfield to collaborate on investments as part of an ongoing stress asset resolution process
 "SBI, Brookfield in JV to invest in stressed assets")
Bankers list hurdles in financing power projects
Cite low PLF, no long-term PPAs, delays in land acquisition and green nod as key hurdles
 "Bankers list hurdles in financing power projects")
Govt equity infusion in PSBs though positive is inadequate: ICRA
Bankers frustrated over big chunk for loss making banks
 "Govt equity infusion in PSBs though positive is inadequate: ICRA")
Recapitalising PSU banks: Is it enough?
Global rating agency Fitch estimates the banking system needs around $90 bn of capital
Govt infuses Rs 23,000 cr to recapitalise 13 PSBs
75% of earmarked capital will be released immediately; rest linked to performance to be allocated later
 "Govt infuses Rs 23,000 cr to recapitalise 13 PSBs")
Yes Bank's assessment reflects funding weakness risk; sound asset quality: Moody's
Private sector lender has maintained an adequate loans to customer deposit ratio of 95% at end-March 2016
 "Yes Bank's assessment reflects funding weakness risk; sound asset quality: Moody's")
Fitch affirms India at 'BBB-'; outlook stable
however, Rating agency flags concerns over weak fiscal position and yet difficult business environment
 "Fitch affirms India at 'BBB-'; outlook stable")
RBI needs transparent forex policy, says Subbarao
Using monetary policy tools to fight Rupee slide was toughest decision
 "RBI needs transparent forex policy, says Subbarao")
Posco offers lifeline to Uttam Galva promoters
China's Tidfore may pick stake in three-way venture
 "Posco offers lifeline to Uttam Galva promoters")
Limited capital pool to squeeze PSBs' loan growth, warns India Ratings
Consequently, that may adversely impact India's economic growth from FY18, says the ratings agency
 "Limited capital pool to squeeze PSBs' loan growth, warns India Ratings")
SBI reworks strategy for HNI customers
The pilot that was rolled out in Bengaluru early this year, SBI Exclusif, witnessed encouraging results with 50% more response than projected
HC prevents bank staff from going on strike
Unions had planned two-day strike to protest merger of SBI associates, IDBI privatisation; matter to be heard on July 20
 "HC prevents bank staff from going on strike")
Bankers unsure of success of joint review
Corporate sector continues to face headwinds
 "Bankers unsure of success of joint review")
Modi government's repairs, reforms to make India's growth sturdy: CRISIL
The initiatives of government, if relentlessly implemented, will do more to raise India's trend rather than cyclical growth seen now
 "Modi government's repairs, reforms to make India's growth sturdy: CRISIL")
IL&FS to rework investment manager model
IIML will offer structured products in infrastructure and real estate in the Middle East and Africa
 "IL&FS to rework investment manager model")
CRISIL: BoI margins to see pressure
CRISIL has assigned "AA+" rating to Bank of India's (BoI's) Rs 15.0 billion Tier II bond issue (under Basel III)
 "CRISIL: BoI margins to see pressure")
RBI board talks constitution of monetary policy panel
The Board discussed two specific areas of operations, namely, the Reserve Bank's budget and constitution of Monetary Policy Committee
 "RBI board talks constitution of monetary policy panel")
JLF to meet next week to review stressed cases
Banks had commissioned techno-economic viability studies as well as forensic audits for stressed cases