Page 86 - Abhijit Lele

We want Federal Bank to be the 'Rahul Dravid' of banking space: MD-CEO

In a Q&A, Shyam Srinivasan says he wants the lender to be a predictable and trustworthy brand. He also expects home loan interest rate wars to erupt in the festive season

State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent

Poonawalla Fincorp MD Abhay Bhutada quits following Sebi action

Vijay Deshwal, Group Chief Executive Officer, will continue to run the company's operations; firm appoints new Chief Risk Officer

Fitch upgrades outlook on Shriram Transport from 'negative' to 'stable'

The rating agency affirmed "BB-" rating for Manappuram Finance's Issuer Default Ratings with "Stable" outlook

IDFC faces investor ire on delay in divestments and mergers

Chairman Vinod Rai said the company had a very complex corporate structure

NBFC micro credit biz sees near-term stress, shows MFIN data

Finance company executives said the second wave had an adverse effect on the incomes of borrowers

After Q1 spike, NBFC bad loans to ease in FY22 as collections improve: Icra

Rating agency says the 90-day-plus dues, which touched 6.3% this June, may drop to 5.3% by March 2022 under base scenario

NBFC loans report strong 37.6% growth, banks still on single-digit

Non-bank firms' sanctions are, however, still half of pre-pandemic level

All eyes on Central Bank, Indian Overseas Bank after UCO exits PCA

Central Bank in its annual report for 2020-21 said it was complying with the PCA framework norms meticulously

Axis Bank sets coupon for dollar AT1 bonds at 4.1%, raises $600 mn

This is 30 basis points lower than the initial guidance of 4.4 per cent

SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%

This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore

NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra

In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%

CRISIL upgrades YES Bank's tier II bonds, infrastructure bonds to 'BBB+'

The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"

PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1

Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks

Digital, co-lending to drive credit business this festive season

The RBI had revised norms last year to bring clarity in risk sharing and credit underwriting in co-lending tie-ups

Agri, retail, MSME credit growth speeds up in July, shows uptick in economy

Retail loans clocked a growth of 11.2 per cent in July 2021 as compared to 9.0 per cent a year ago

GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens

The deterioration in the asset quality would further impact GICHF's earnings profile, and consequently, its internal capital generation

RBI holds talks with SFBs on enhanced board oversight, risk management

Analysts say while most SFBs set up robust networks the past 3-4 years, they were hit badly by Covid-19 pandemic, and will need time to ramp up CASA deposits and secured credit

Ind-Ra affirms Yes Bank long-term issuer rating at 'BBB'; outlook is stable

Rating reflects improving deposit profile, adequate capital levels to withstand stress on books

Brickwork downgrades Voda Idea's debentures to 'B' over fundraising delay

The downgrade reflects a substantial decline in the company's subscriber base. It lost 12.40 million subscribers during Q1FY22