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).
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Perpetual bonds fail to woo investors
Arrangers still stuck with 50% of the issuances
 "Perpetual bonds fail to woo investors")
Insurers, banks oppose mandatory cap on business from one insurer
Irdai has said no corporate agent can get more than 90% business from one insurer in life, non-life or health in their first year of operation
 "Insurers, banks oppose mandatory cap on business from one insurer")
Bankers peg credit growth at 14-16% in FY16
But action to gather steam only in 2nd half; infra & industrial activities yet to pick up pace
 "Bankers peg credit growth at 14-16% in FY16")
CARE Ratings upgrades Wockhardt's long term loans
Cites partial resolution of regulatory issues and improvement in revenues from contract manufacturing
 "CARE Ratings upgrades Wockhardt's long term loans")
PSU banks to tie-up with insurers for social schemes by June 1
Insurers to offer Rs 2 lakh accident cover for a premium Rs 12 a year and life cover of Rs 2 lakh for an annual premium of Rs 330
 "PSU banks to tie-up with insurers for social schemes by June 1")
IndusInd Bank to beef up infra lending
To form project finance unit, will focus on renewable energy, port, roads
 "IndusInd Bank to beef up infra lending")
Why full capital account convertibility of rupee is still a distant dream
Experts says current account deficit must be sustained at lower levels, fiscal deficit needs to be contained
 "Why full capital account convertibility of rupee is still a distant dream")
Week after RBI prodding most PSBs yet to cut base rates
Banks have issues with their balance sheet profiles, say PSB executives
 "Week after RBI prodding most PSBs yet to cut base rates")
Base rate cuts to have limited impact on bank margins: Analysts
Lenders had already cut deposit rates by up to 50 bps in recent months, providing some cushion; however, credit costs and asset/liability profiles will also vary between lenders
 "Base rate cuts to have limited impact on bank margins: Analysts")
Analysts see limited impact of base rate cuts on banks' margins
Say cut in base rates were long overdue, reduction in cost of funds to aid NIMs
 "Analysts see limited impact of base rate cuts on banks' margins")
GMR's two power projects delay repayments
ICRA downgrades loan ratings to default grade
 "GMR's two power projects delay repayments")
Diamond financing: IndusInd jumps in where other banks shy away
Becomes the largest pvt sector lender in a segment that most banks have exited
ICRA downgrades GMR Group's loan ratings to default grade
Cites delay in loan repayments
Iyer, Vohra vie for Irdai post
R K Nair had retired as member (finance & investment) in mid-March
 "Iyer, Vohra vie for Irdai post")
We're banking on loan growth to make up for hit on income: Arundhati Bhattacharya
Interview with chairman, State Bank of India
 "We're banking on loan growth to make up for hit on income: Arundhati Bhattacharya")
BS poll: RBI may hold rates on Tuesday
SLR could be reduced, banks might start lowering base rates
 "BS poll: RBI may hold rates on Tuesday")
IFCI infuses capital into factoring arm
IFCI Factors' CAR fell from 20.95 per cent at the end of March 2014 to 12.25 per cent in December
 "IFCI infuses capital into factoring arm")
Loan restructuring shifts to joint lenders' forums
Between July 2014 and February this year, commercial banks formed 355 JLFs for troubled cases
 "Loan restructuring shifts to joint lenders' forums")
Govt slashes dividend payment estimates from banks, FIs for FY15
PSB profitability has been under pressure due to low interest income, higher provisioning for stressed loans and an enhanced salary bill
 "Govt slashes dividend payment estimates from banks, FIs for FY15")