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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Credit offtake stays robust at nearly 16% in May, shows RBI data
The deposit mobilisation also saw an uptick at 13 per cent Y-o-Y growth against the 10.4 per cent on May 5, 2023, according to Reserve Bank of India (RBI) data
 "Credit offtake stays robust at nearly 16% in May, shows RBI data")
RBI action could increase business volatility for some NBFCs: Fitch
Firms' implementation of regulatory instructions varies, says ratings agency
State Bank of India hikes short term retail FD rates by 25-75 bps
Also hikes bulk deposit rates; other lenders may follow suit
 "State Bank of India hikes short term retail FD rates by 25-75 bps")
HDFC Bank's IT expense 7% of total spending, says senior executive
Digital investments part of lender's 'transformation journey', says Parag Rao
 "HDFC Bank's IT expense 7% of total spending, says senior executive")
Shriram Finance's HFC sale capital accretive, says S&P Global Ratings
Help to maintain 20 per cent year-on-year credit growth
 "Shriram Finance's HFC sale capital accretive, says S&P Global Ratings")
India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25
The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024
 "India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25")
Fight for the future: BJP, Congress pull out all stops for Pune seat
The BJP won the seat in 2014 and 2019 with its candidate Girish Bapat emerging victorious
 "Fight for the future: BJP, Congress pull out all stops for Pune seat")
SBI to hire over 15,000 in FY25 to boost operations, expand network
The country's largest lender is also planning to open 300 new branches in the current financial year, as against 139 opened in Financial Year 24
 "SBI to hire over 15,000 in FY25 to boost operations, expand network")
Corporate loan rejig underway to improve margins: Canara Bank MD & CEO
Raju says the bank expects to improve net interest margin (NIM) on completion of this corporate loan rejig
 "Corporate loan rejig underway to improve margins: Canara Bank MD & CEO")
IDBI Bank to increase tech spend to 8-9% of operating expenditure
IDBI Bank has 'immediate plans to invest in digital solutions, analytics, AI', says CEO
 "IDBI Bank to increase tech spend to 8-9% of operating expenditure")
Treasury gains, fee income help State Bank of India Q4 net surge 24%
FY24 profit at a new high of Rs 61,067 crore
Canara Bank Q4 result: Net profit increases by 18% to Rs 3,557 cr
Minimal impact expected from RBI's draft project finance norms
 "Canara Bank Q4 result: Net profit increases by 18% to Rs 3,557 cr")
RBI's draft project funding norms may create funding challenge: CareEdge
Reducing debt by 20% is seen as positive for demand-based projects, lowering risks from large repayments and refinancing
 "RBI's draft project funding norms may create funding challenge: CareEdge")
SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth
First fresh direct equity investment after 100% acquisition
 "SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth")
Lok Sabha polls: Getting migrant voters back key for Satara suitors
Shinde says his priorities on getting elected will be to work for setting up an industrial estate and IT park and encourage tourism
 "Lok Sabha polls: Getting migrant voters back key for Satara suitors")
Lok Sabha elections: Modi missing, it is Pawar vs Pawar in Baramati
The electoral battle here is shaped by a slew of local factors as well as the ongoing tussle between the two Pawar factions
 "Lok Sabha elections: Modi missing, it is Pawar vs Pawar in Baramati")
RBI allows standalone primary dealers to borrow in foreign currency
May access overdraft facilities in nostro accounts solely for operational use
 "RBI allows standalone primary dealers to borrow in foreign currency")
RBI revises banks' capital market exposure norms for T+1 settlement
The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1
Breaking up of parties has not gone down well with people: Supriya Sule
Sule says: "There is no Modi wave"
 "Breaking up of parties has not gone down well with people: Supriya Sule")
L&T Finance plans to increase short term, ECB fundraise in FY25
Company aims for strategic adjustments to benefit from the anticipated softening of interest rates
 "L&T Finance plans to increase short term, ECB fundraise in FY25")