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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).
He will succeed H R Khan on July 3
However, the ratings agency affirmed the rating "AA+" for Basel -III compliant tier II bonds
AQR has resulted in unprecedented pressure on the profitability of some banks in the short term
Barring significant government support to boost the banks' capitalization, the risks arising from the potential consolidation currently outweigh the potential longer-term benefits, Moody's said
Icra cuts rating for UCO Bank's tier-II bonds
Foreign investment; mergers and acquisitions (M&As), and the listing of companies likely to drive growth in sector, say experts
One Dy MD, three EDs to exit in 40 days; Another post of Dy MD vacant since Oct 2015, after M Rego moved to Bank of India as MD & CEO
Well-timed communication by the central bank also helped the rupee correct its course
Says hedging of forex exposures has gone up; central bank to provide liquidity if there is volatility in currency markets
New SDR norms allow promoters to manage debt-laden firms
Bankers mull integrating corporate debt restructuring, JLF
The conglomerate has 18 overseas oil and gas assets in Brazil, Indonesia and East Timor
Bankers say SDR has failed in its intended results and as such a new restructuring exercising is the need of the hour
Stock prices of two key players, Educomp and Core Eduction, have plummeted to below Rs 15 a share the past five years
Rajan warns of potential dollar shortage in Sept but prepared to provide liquidity
Outflows pegged at $20 billion
TFSIN, which began operations in June 2012, planning to raise Rs 400 cr through debentures to fund India operations
Wants them to reach 70 per cent benchmark for provisions