Abhijit Lele
Abhijit Lele
Page 6 - Abhijit Lele
S&P affirms Bangladesh's sovereign credit rating, warns of US trade risks
South Asian country's external profile has stabilised and foreign exchange reserves have increased
 "S&P affirms Bangladesh's sovereign credit rating, warns of US trade risks")
S&P raises Pakistan's sovereign rating to 'B-' as fiscal outlook improves
S&P Global Ratings upgrades Pakistan's sovereign credit rating, citing improved fiscal conditions, contained external liquidity risks, and reduced near-term default risk
 "S&P raises Pakistan's sovereign rating to 'B-' as fiscal outlook improves")
SBI eyes spot among world's top 10 banks by market value in 5 years
SBI's market cap has gone up from Rs 3.25 trn at end of March 2021 to Rs 4.40 trn in FY22, Rs 4.67 trn in FY23, Rs 6.71 trn in FY24 and Rs 7.13 trn at the end of March 2025
 "SBI eyes spot among world's top 10 banks by market value in 5 years")
Net FDI slumps 98% to $40 million in May 2025 as outward flows accelerate
For May 2025, repatriation\divestment stood at $5.0 billion, up from $4.1 billion in May 2024. In May 2025, outward FDI was $2.1 billion, higher than $1.8 billion in May 2024
 "Net FDI slumps 98% to $40 million in May 2025 as outward flows accelerate")
ICRA downgrades NIIF backed Radiance Renewables' long term rating
ICRA lowers long-term rating to A- and outlook to negative citing delayed capacity additions and increased reliance on mezzanine debt by NIIF-backed RRPL
 "ICRA downgrades NIIF backed Radiance Renewables' long term rating")
MFI CreditAccess Grameen Q1 net profit down 85% on higher provisions
The shares closed 1.03 per cent higher at ₹1,280.20 per share on the BSE. In an exchange filing, the company said its net interest income (NII) declined 1.6 per cent to ₹937 crore
 "MFI CreditAccess Grameen Q1 net profit down 85% on higher provisions")
IDBI Bank Q1 net profit surges 17% to ₹2,007 crore on rise in other income
Its net interest income (NII) too declined two per cent to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in the same quarter a year ago, IDBI Bank said in a statement
 "IDBI Bank Q1 net profit surges 17% to ₹2,007 crore on rise in other income")
Moody's upgrades SBI's baseline credit rating, profitability to moderate
Moody's upgrades State Bank of India's baseline credit rating to "Baa3", citing expected improvement in capitalization. Profitability may moderate due to lending rate cuts in the near term
 "Moody's upgrades SBI's baseline credit rating, profitability to moderate")
Union Bank Q1 net up 11.9% at Rs 4,116 crore driven by lower provisions
Net interest Income declined by 3.18 per cent Y-o-Y to Rs 9,113 crore in Q1FY26, compared to Rs 9,412 crore in Q1FY25
 "Union Bank Q1 net up 11.9% at Rs 4,116 crore driven by lower provisions")
India-EFTA trade pact to come into force from Oct 1: Piyush Goyal
To generate $500 billion investment in India likely in brownfield or greenfield projects, and maybe in some cases, even mature assets
 "India-EFTA trade pact to come into force from Oct 1: Piyush Goyal")
L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate
L&T Finance posts Rs 701 crore consolidated net profit in Q1FY26, a 2% rise YoY, as NIM plus fees decline and disbursements dip in rural segment
 "L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate")
IOB Q1 net up 76% at ₹1,111 cr, eyes QIP for ₹4,000 cr equity in Q3FY26
Indian Overseas Bank (IOB) posted a 76% rise in Q1FY26 net profit to Rs 1,111 crore and plans to raise Rs 4,000 crore via QIP in Q3FY26 to dilute government shareholding
 "IOB Q1 net up 76% at ₹1,111 cr, eyes QIP for ₹4,000 cr equity in Q3FY26")
India's outward FDI in June swells to $5 billion, shows RBI data
Singapore top FDI destination in Apr-June
 "India's outward FDI in June swells to $5 billion, shows RBI data")
SBI eyes ₹25,000 crore via record QIP, sets floor at 2.5% discount
The bank's board approved another ₹20,000 crore fund raise by issuing bonds
Bank NIMs may shrink by 30 bps in FY26 on loan repricing: Fitch Ratings
According to the agency's estimates, the banking system level NIMs of Indian banks stood at 3 per cent in FY25
 "Bank NIMs may shrink by 30 bps in FY26 on loan repricing: Fitch Ratings")
SBI cuts short-term retail deposit rates by 15 bps, effective July 15
The rate cut, the third such instance in the current financial year (FY26), comes in the backdrop of improved liquidity conditions and the policy rate cuts by the Reserve Bank of India (RBI)
 "SBI cuts short-term retail deposit rates by 15 bps, effective July 15")
Bank of Maharashtra Q1 profit up 23.2% at ₹1,593 cr on healthy NII growth
Bank of Maharashtra reports a 23.2% YoY increase in Q1 net profit to ₹1,593 crore, driven by 17.6% growth in NII and healthy advances. Asset quality improves, but provisions rise due to agri NPAs
 "Bank of Maharashtra Q1 profit up 23.2% at ₹1,593 cr on healthy NII growth")
Nearly a decade into its existence, IBC framework needs to be reimagined
The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now
 "Nearly a decade into its existence, IBC framework needs to be reimagined")
Private sector debt recast firms' AUM may further shrink, says CRISIL
CRISIL forecasts a 4-6% drop in AUM for private asset reconstruction companies (ARCs) in FY26 due to subdued acquisitions of stressed loans and potential disruptions from loan securitisation
 "Private sector debt recast firms' AUM may further shrink, says CRISIL")
Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs
The share of US in overall education loan portfolio has come down to 50% as on March 31, 2025, from a peak of 53% on March 31, 2024, and is expected to go down further over next few years
 "Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs")