Page 87 - Abhijit Lele

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

Barclays Bank Plc infuses Rs 3,000 cr in India ops to bolster business

With this infusion, the bank's total invested capital in the country will increase to over Rs 8,300 crore

Eye on retail, SME credit as public sector banks prepare for festivals

Banks to ramp up efforts during outreach programme

Indian banks will be able to withstand rising asset risks, says Moody's

The rating agency in a statement said that banks' improved profitability, capital and loss buffers will help them absorb anticipated loan losses and maintain credit strength

FM Sitharaman asks PSBs to conduct credit outreach programme across India

The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said

NPAs in retail and MSMEs rise to 7.3% for public sector banks in Q1

The incidence of bad loans was lower for private banks with GNPAs at 3.32 per cent in June, up from 2.01 per cent year ago, according to CARE Ratings

S&P Affirms Bangladesh's sovereign rating at 'BB-' as economy recovers

Bangladesh's economy is gradually recovering, although Covid-19 risks to fiscal and external metrics are likely to persist over the coming year

Centrum to merge Micro credit, SME biz with small fin bank for Rs 426 cr

The transfer, via a slump sale is subject to shareholders, statutory and regulatory approvals. Centrum has indicated the transaction would be completed in two months

Delay in equity raising may affect PNB HFC's growth: Rating agencies

India Ratings said capital infusion was critical in providing adequate buffers for growth and mitigate any possible asset-side stress

S&P places issuer ratings on Tata Group firms on CreditWatch positive

'Although the group companies still operate independently under professional directors and management, we observe a greater influence of Tata Sons on the strategy and financial policies of the group'

Banks recast loans worth Rs 35,000 crore under RBI's second scheme

Retail and loans to micro, small and medium enterprises have the largest share in the two schemes combined

Ujjivan Small Finance Bank's board to meet on August 25 to select OSD

The OSD would work as the interim chief executive after Chugh leaves and till a full time MD&CEO is appointed

HDFC Bank's $1-billion global AT-1 bond issue priced at 3.7%

Market sources said the response was strong with demand in the region of $4 billion-$4.5 billion

Forex reserves for hedging, can't use them to fund projects: Experts

Carry liability and not 'free' resource for funding

Lenders worry as troubled Future group works to keep payment deadlines

Group's financial metrics may deteriorate further in June quarter due to second wave

AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO

Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call

Track up to 29-day dues in micro-loans to contain slippages: Sidbi

Advises caution amid easing of stress, evident from improved collection efficiency

Asset quality risks on rise, but Indian banks can absorb loss: Moody's

Coronavirus outbreaks triggering strict containment steps will impede economic recovery and erode borrowers' debt repayment capacity, increasing their asset risks, says agency

Q1 results: State-owned lenders' net profit jumps 140% as provisions dip

The asset quality of state-owned banks remained stable with a fall in gross non-performing assets on y-o-y basis and sequentially

Farmers' stir hits 24 BOT road projects, total revenue loss Rs 1,060 cr

Rating agency CARE said the disruption of toll collections for state projects since October 2020 accentuated with no fees collection at toll plazas since December 2020