Page 102 - Abhijit Lele

On a new voyage: Why banks are scaling down their global ambitions

The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan

Early implementation of RBI panel proposals will give us time to list: SFBs

The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term

RBI panel bats for continuation of NOFHC as preferred structure for banks

However, NOFHC may be mandatory only where the individual promoters and promoting entities/ converting entities have other group entities

Banks lend over Rs 65,000 crore to commercial sector in a fortnight

The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India

Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS

This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement

Merging troubled LVB will boost DBS's retail biz in India: Moody's

The merger will not alter DBS group's credit profile and the effect on its capital will be immaterial

Y M Deosthalee, brain behind L&T financial services business, dies at 74

Deosthalee served as the first chairman and managing director of L&T Financial Services.

SMBC expands footprint, invests $600 million in India operations

The corporation has invested $600 mn in its Indian operations in 2020

Just 1% firms keen on one-time debt recast as biz outlook improves: Crisil

This is despite the fact that two-thirds of Crisil-rated entities are eligible for restructuring, based on Kamath Committee parameters

ADB-backed Mortgage Corp may need new investors to grow

The revision factors in lower-than-anticipated growth in the company's scale of operations, which impacts its profitability.

Hit by Covid slump, Mumbai airport seeks moratorium till March 2022

Besides seeking a reduction in interest rate for all facilities (loans), the entity wants an additional term loan for the period ending March 2021

SBI standalone Q2 net up 52% to Rs 4,574 cr on rise in net interest income

Dip in bad loan provisions support better quarterly show; NPAs decline

MFI credit costs to rise 6% in 2 yrs as customers delay repayments: ICRA

About 12% of customers had not repaid their dues till August end, says ratings agency.

Credit cost for MFIs to rise to 6-7% in two years as loans remain unpaid

About 12% of customers have not repaid till August end

Indian private banks shed Covid-19 woes, net profit rises by 159%

NII jumps 15 per cent as provisions fall 4 per cent, shows BS analysis of 17 listed private lenders

PNB Housing Finance set to prune corporate loan book by Rs 1,500 cr

There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book

HDFC net profit dips to Rs 2,870 cr in Q2, net interest income rises 21%

The Assets Under Management (AUM) rose 10.2 per cent to Rs 5,40,270 crore in Q2FY20 from Rs 4,90,072 crore in the previous year

After 26 yrs as HDFC Bank boss, Aditya Puri joins Carlyle as senior advisor

Puri, who retired from HDFC recently will provide the global investment firm guidance on investment opportunities across Asia

ICICI Bank Q2FY21 net profit jumps six times to Rs 4,251.3 crore

The bank's NII grew 16 per cent to Rs 9,366 crore in Q2FY21 from Rs 8,057 crore

IndusInd Bank Q2 net profit dips 53.2% on higher Covid-19 provisioning

The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20