Abhijit Lele
Abhijit Lele
Page 4 - Abhijit Lele
IIFL Home revamps leadership, names new biz and HR heads after CEO exit
IIFL Home Finance has reshuffled its top management after CEO Monu Ratra's resignation, appointing Ajay Sachdeva as group chief business officer and Aarti Marwaha Upadhyay as CHRO
 "IIFL Home revamps leadership, names new biz and HR heads after CEO exit")
Net ECB inflows rise to $4.6 billion in Apr-Jun 2025, shows RBI data
RBI data showed net ECB inflows rose to $4.6 billion in April-June 2025 from $2.8 billion a year ago, even as registrations moderated and sectoral trends diverged
 "Net ECB inflows rise to $4.6 billion in Apr-Jun 2025, shows RBI data")
Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows
Despite strong gross inflows, rising outward investments and repatriation pulled down India's net FDI in April-June 2025
 "Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows")
NRI deposit inflows dip 10% in April-June, outstanding deposits rise
The total outstanding NRI deposits reached $168.32 billion at the end of June 2025, up from $155.78 billion a year ago
 "NRI deposit inflows dip 10% in April-June, outstanding deposits rise")
SFBs' Q1 net profit slumps 76% to ₹309 crore as credit costs rise
Small Finance Banks reported a 76 per cent drop in Q1 net profit as provisions surged and net interest income weakened, while gross NPAs jumped nearly 70 per cent year on year
 "SFBs' Q1 net profit slumps 76% to ₹309 crore as credit costs rise")
India Ratings downgrades Spandana Sphoorty's debentures, loans to BBB+
Profitability under pressure due to high credit costs
 "India Ratings downgrades Spandana Sphoorty's debentures, loans to BBB+")
ICRA sees India Inc credit profile steady in Q2FY26, US tariffs weigh
India Inc's credit profile is set to remain stable in Q2FY26 with improved margins and ICR, but US tariffs and global tensions could delay the private capex recovery
 "ICRA sees India Inc credit profile steady in Q2FY26, US tariffs weigh")
India Inc meeting capex need with own cash, says SBI chief C S Setty
IBA to seek RBI nod to fund listed firms' M&A activities, says CS Setty
 "India Inc meeting capex need with own cash, says SBI chief C S Setty")
BoM plans ₹2,000 crore equity issue; govt stake to fall below 75%
Bank of Maharashtra will raise Rs 2,000 crore via equity issue by FY26 to meet SEBI's 75% public shareholding rule, reducing government stake from nearly 80%
 "BoM plans ₹2,000 crore equity issue; govt stake to fall below 75%")
Sebi approval for LIC as IDBI Bank public shareholder after divestment
SEBI has approved reclassification of LIC as a public shareholder in IDBI Bank following strategic divestment, subject to curbs on voting rights and board representation
 "Sebi approval for LIC as IDBI Bank public shareholder after divestment")
India's outward FDI inches up to $3.51 billion in July, shows RBI data
India's outward FDI commitments rose marginally to $3.51 billion in July 2025 but declined sharply compared to June 2025, according to RBI data.
 "India's outward FDI inches up to $3.51 billion in July, shows RBI data")
Karnataka Bank aims ₹85K cr loan book by March 2026 as operations stabilise
After stabilising operations, Karnataka Bank aims to expand its loan book beyond Rs 85,000 crore by March 2026 with growth led by retail, agriculture and MSME lending
 "Karnataka Bank aims ₹85K cr loan book by March 2026 as operations stabilise")
RBI moots revision in capital charge norms for counterparty credit risks
The revision pertaining to CCR is proposed to largely align with the Basel Committee on Banking Supervision (BCBS) guidelines, reflecting the development and depth of the respective market segments
 "RBI moots revision in capital charge norms for counterparty credit risks")
Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans
The incidence of default was higher among private lenders compared to their public sector counterparts, according to CareEdge Rating data
 "Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans")
US tariffs: Fitch cautions rising second-order risks may hit India Inc
HPCL-Mittal Energy more vulnerable to Russia-linked tariffs
 "US tariffs: Fitch cautions rising second-order risks may hit India Inc")
Fusion Finance eyes Rs 200 cr recovery from stressed assets in 12 months
Fusion Finance plans Rs 200 crore recovery from stressed assets, redeploys staff for collections as NPAs ease and new customer share to rise by FY26
 "Fusion Finance eyes Rs 200 cr recovery from stressed assets in 12 months")
SBI to Canara Bank: Some PSBs raise home loan rates to shield margins
Senior State Bank of India executive said the slight tweak (hike) in rates for home loans was on account of reduction in business discount. Risk premium remains the same
 "SBI to Canara Bank: Some PSBs raise home loan rates to shield margins")
ARCs acquire stressed loans worth ₹16,876 cr in Q1: ARC Association
The association flagged the risk of rising stress in the system due to the likely adverse fallout of high tariffs being imposed by the US on Indian goods exports
 "ARCs acquire stressed loans worth ₹16,876 cr in Q1: ARC Association")
SBI to raise ₹15,000 cr via Tier II bonds to replace maturing debt
A senior SBI executive said the bank has approval from the board of directors to raise up to Rs 20,000 crore through debt capital in Fy26.
 "SBI to raise ₹15,000 cr via Tier II bonds to replace maturing debt")
European Union sanctions cloud lenders' confidence in Nayara Energy
SBI halts trade, foreign currency transactions to avoid adverse action
 "European Union sanctions cloud lenders' confidence in Nayara Energy")
