Abhijit Lele
Abhijit Lele
Page 147 - Abhijit Lele
RBI begins probe into diversion of agriculture loans
Regulator concerned at scale of borrowers using the subsidised money for other purposes; wants to assess extent and how to check this
 "RBI begins probe into diversion of agriculture loans")
BOI to raise upto Rs 6, 000 cr via tier I, II capital bonds
Gets shareholders' nod for equity offer, debt capital offering
 "BOI to raise upto Rs 6, 000 cr via tier I, II capital bonds")
RBI begins probe into diversion of agriculture loans
Misuse of interest subsidy, repayment to money lenders and gold loans are contributing to the diversion of agricultural credit
 "RBI begins probe into diversion of agriculture loans")
Indian Bank's gross NPA could peak at 6%: India Ratings
Bank had reported GNPAs of 4.4% in March 2015, up from 3.67% in March 2014
 "Indian Bank's gross NPA could peak at 6%: India Ratings")
FinMin uncomfortable with Maharashtra's criminal action against bank officers
Indian Bank's Association seeks RBI intervention
 "FinMin uncomfortable with Maharashtra's criminal action against bank officers")
Greece crisis hits India Inc's offshore fund raising plan
Bond issuance dipped 31.4% in Jan-June from a year before, with India Inc retreating from the uncertainty-triggered volatility
 "Greece crisis hits India Inc's offshore fund raising plan")
OMCs' debt at 7-year low on diesel margins, lower crude prices
Sharp decline in working capital requirements, interest costs helps
 "OMCs' debt at 7-year low on diesel margins, lower crude prices")
Muthoot Fincorp promoters to expand real estate business
May use proceeds to bolster capital structure of leveraged hospitality business
 "Muthoot Fincorp promoters to expand real estate business")
Greek crisis prompts SBI to delay $1.5-billion bond sale
Those planning large borrowings are concerned about pricing of instruments
 "Greek crisis prompts SBI to delay $1.5-billion bond sale")
Bank of Tokyo-Mitsubishi to double branch count in India
Eyes 10% credit growth in FY16
 "Bank of Tokyo-Mitsubishi to double branch count in India")
PSBs settle loans Rs12, 700 cr in FY15 under OTS
OTS scheme is mainly addressed towards retail, agriculture and micro and small enterprises
 "PSBs settle loans Rs12, 700 cr in FY15 under OTS")
SBI to rope in advisor to give push to stagnant SME Biz
Looks to grow business in on-line market place
 "SBI to rope in advisor to give push to stagnant SME Biz")
Govt's $9 bn capital infusion plan for PSBs credit positive: ICRA, CARE
Earlier, RBI had raised concerns over govt's inadequate capital infusion
 "Govt's $9 bn capital infusion plan for PSBs credit positive: ICRA, CARE")
Lured by higher margins, NBFCs chase MSMEs
NBFCs are looking to provide more loans to the MSME sector
 "Lured by higher margins, NBFCs chase MSMEs")
Bank of Baroda to overhaul international business strategy
To set up a 'project office' to steer changes; to buttress presence in South Asia region
 "Bank of Baroda to overhaul international business strategy")
Better business climate, but treasury gains are a concern: Ashwani Kumar
Interview with Chairman and Managing Director, Dena Bank
 "Better business climate, but treasury gains are a concern: Ashwani Kumar")
Asset quality pressures to persist for two-three quarters sans recovery
Much of the burden would be seen on public sector banks as they have maximum share of vulnerable assets
 "Asset quality pressures to persist for two-three quarters sans recovery")
Fitch downgrades outlook on Lodha Developers to negative
Warns of rating downgrades if company fails to improve performance
 "Fitch downgrades outlook on Lodha Developers to negative")
State-run banks put Rs 14,000-cr bad loans on the block
Punjab National Bank has largest share with over Rs 5,000 cr in bad loans being offered for sale
 "State-run banks put Rs 14,000-cr bad loans on the block")
