Abhijit Lele
 "Abhijit Lele")
Abhijit Lele
Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
Page 139 - Abhijit Lele/workspace/business Standard Web/video
IOB and United bank turn headless
Both the banks were both in midst of systematic plans to reduce stress on books and improve recoveries when they were impacted by RBI's Asset Quality Review
 "IOB and United bank turn headless")
BHEL's 'AAA' rating placed on watch
The agency expects to resolve the RWN during July 2016
 "BHEL's 'AAA' rating placed on watch")
BOB searches heads for finance, risk management
The Mumbai-based lender has tapped private and foreign banks to appoint professionals for various functions, including digital and retail banking
 "BOB searches heads for finance, risk management")
High corporate leverage to hit growth: Moody's
India faces challenge on lacklustre global demand
 "High corporate leverage to hit growth: Moody's")
Fitch downgrades viability rating for Canara Bank; IDBI Bank
The rating agency also revised the sector outlook on Indian Banks to "Negative" from "Stable"
 "Fitch downgrades viability rating for Canara Bank; IDBI Bank")
ICICI sells part of Essar Steel loans to Edelweiss
Edelweiss Asset Reconstruction Company has loans worth Rs 1,600 cr to Essar Steel extended by ICICI Bank
 "ICICI sells part of Essar Steel loans to Edelweiss")
Bhushan, Electrosteel might be candidates for debt recast
Lenders are likely to consider Electrosteel, Bhushan Steel and Visa Steel for debt recast under the Scheme for Sustainable Structuring of Stressed Assets (S4A).
Edelweiss to double retail loan book to Rs 10,000 cr by Mar'18
Aims to increase share of retail resources to 20%
 "Edelweiss to double retail loan book to Rs 10,000 cr by Mar'18")
Bhushan, Electrosteel might be candidates for debt recast
The combined debt burden of Electrosteel, Bhushan Steel and Visa Steel is around Rs 54,400 crore
 "Bhushan, Electrosteel might be candidates for debt recast")
NSE launches trade repository for corporate debt
The repository provides consolidated information on over-the-counter deals in corporate bonds across exchanges
 "NSE launches trade repository for corporate debt")
SBI secures $625 mn from World Bank for solar programme
Eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects
 "SBI secures $625 mn from World Bank for solar programme")
Lenders put Kingfisher House on the block, again
Slash reserve price by Rs 15 crore to Rs 135 crore for bidding after first auction in March 2016 failed to attract even a single bidder
 "Lenders put Kingfisher House on the block, again")
Jaypee an NPA for SBI, bankers invoke strategic debt rejig
But sale deal with UltraTech on track
 "Jaypee an NPA for SBI, bankers invoke strategic debt rejig")
HDFC, SBI Life buy 18.5% in IDFC Infra Debt Fund
Refinancing firm to raise Rs 1,000 cr via bonds
 "HDFC, SBI Life buy 18.5% in IDFC Infra Debt Fund")
Legacy shadow on SBI asset quality
The public lender's gross NPA went up to 6.50% in 2015-16 from 4.25% the previous year
 "Legacy shadow on SBI asset quality")
Bank may see some pain on asset quality: SBI chief
Volume of NPAs went up after RBI conducted asset quality review in 2015-16
 "Bank may see some pain on asset quality: SBI chief")
HDFC, SBI Life take 18.5% stake in IDFC Infra Debt Fund
Refinancing firm to raise Rs 1,000 cr via bonds
 "HDFC, SBI Life take 18.5% stake in IDFC Infra Debt Fund")
Sound financials place NBFCs to make best of credit demand
The aggregated balance sheet of NBFC sector expanded by 15.5% in March 2016. On the asset quality level also, performance improved with GNPAs declining to 4.6%
7th Pay Commission: Credit growth to see marginal growth
The immediate benefit could be seen in loans for consumer durables and vehicles linked with demand for these items
 "7th Pay Commission: Credit growth to see marginal growth")