Page 89 - Abhijit Lele

Borrowing cost up 1.2-1.5% for small finance cos despite liquidity: Crisil

The second Covid-19 wave has likely intensified the pressure points

Bank of Maharashtra Q1 net doubles to Rs 208 cr, major improvement in NPAs

NII up 29% in Q1FY22 to Rs 1,406 crore; NIM rises to 3.05% from 2.43% a year ago

Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL

The steel plants acquired via IBC process include Bhushan Steel, Essar Steel, Electrosteel Steels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel

External risks soften lenders' interest in renewable energy projects

The pressure to re-negotiate contracts to reduce tariffs and the viability of power distribution companies are some of these.

Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture

Amish Mehta to take over as new CEO on October

Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial

With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player

RBI bars Mastercard from onboarding new customers in India from July 22

The ban is only on adding new domestic customers to its network; no impact on its existing customers

S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable

But says country's fiscal settings are weak, and deficits will remain elevated ahead even as the government undertakes some consolidation

DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs

Lender aims to reduce net NPA below 2%; Grow CASA to 40% level

India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity

Project execution capabilities could be impacted; delay in the monetisation of assets could add to liquidity stress

Non-bank financial entities' restructured loans to rise 3.3% by March: ICRA

Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency

Send bank staff in sensitive operations on leave without intimation: RBI

As a prudent risk management measure, banks should have a 'mandatory leave' policy with an element of surprise, apex bank says. The revised norms repeal the circular of April 23, 2015

Securitisation volumes more than double Q1 despite pandemic: Icra

This happened despite the second Covid-19 wave; ratings agency estimates securitisation volumes for FY2022 at more than Rs 1.2 trillion

DBS Bank India FY21 nearly triples to Rs 312 cr, revenue up 85%

Asset quality under pressure on LVB acquisition

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders

Fullerton India's acquisition value accretive for Sumitomo: Moody's

The substantial goodwill that the deal will generate will result in SMFG's Common Equity Tier-1 ratio declining by only around 22 basis points in fiscal 2021

Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P

Investors have been more receptive to debt issued via Twin Star than that from Vedanta Resources, a global miner

Private banks' loan books shrink in Q1 amid second wave of Covid-19

IndusInd, YES, Federal, and CSB post 1-3.5% sequential decline; HDFC Bank bucks the trend with 1.3% growth

Rated firms' credit quality improves in Q1, along with biz sentiment: CARE

Manufacturing, Infra firms see uplift; NBFCs face hit

HDFC Bank's loans rise 14.1% in June quarter, advances total Rs 11.47 trn

Retail loans expanded 9 per cent on Y-o-Y basis over June 2020 and at a lower pace of 1 per cent sequentially over March 2021