Page 150 - Abhijit Lele

ABN AMRO Bank NV to re-enter India

Plans to set up operations for financing the gems and jewellery sector in India

Insurers see a change agent in new FDI rules

Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled

Insurance Bill gives chance to promoters to unlock value through FDI hike

PSBs to raise money by divesting capital; talks begin for fair valuation

Corporate espionage: HDFC Bank denies allegations about its role

Asserts this is an attempt to malign its reputation

Insurers set the ball rolling on foreign stake hike

Bharti will move FIPB soon for increasing Axa's stake to 49%, Reliance Cap to begin talks with Nippon

CRISIL to announce new CEO this month

In a surprise announcement in September last year, Kudva had announced her decision to move on after a seven-year stint

State Bank of Travancore cuts base rate by 0.1%

Needs up to Rs 3,000 cr equity by March 2019, says ICRA

Interest rate cuts only after March

Even if banks do not rush to cut rates now, it is possible they would not renew the bulk deposits given to large companies at higher rates

Banks in Maharashtra say lack of state help hits loan recovery

They cite hurdles in getting approvals and assistance from magistrates for seizing physical assets under the law

Will Pipavav Defence get lease of life under new promoter?

In its two-decade journey, Pipavav Defence has been heading the list in almost all areas of defence shipbuilding

Fiscal, structural reform policies to weigh on India's ratings: Moody's

Says GDP revisions not to determine sovereign credit profile

SBI eyes higher tax benefits for home loans

Wants separate category for tax sops on repayment of home loans

Banks unlikely to offer more than 25-50 bps on non-callable deposits

Non -callable deposits are those where premature withdrawal is not allowed

India's lower income level, weaker fisc than peers weigh on rating: S&P

Sovereign indicators therefore stand a better chance of closing gap with those of similarly rated sovereigns

SBI to overhaul transaction banking business

Plans to hire strategic advisor for restructuring this unit, which is crucial in increasing its fee-based income

Banks rush for debt recast

Forbearance window shuts in end-March, with recast loans to be treated as NPAs under a new regime, raising provisioning burden

Moody's concern for weaker state-run banks

Points to implications of recent govt decision on equity support to only the more efficient ones; queries where else the needed capital can come from

Asset quality problems mount for govt banks

Barring SBI, all large public sector lenders saw a sharp rise in stressed loans in the December quarter; no optimistic projection for the near future

Union Bank, Bank of India unhappy over being left out of equity infusion

Over the last weekend, the govt announced its decision to infuse Rs 6,990 cr in nine efficient public sector banks

Govt's decision on capital infusion in PSBs to trigger consolidation

The move might curtail growth ambitions and debt capital will become costly