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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IDBI Bank plans to raise Rs 3,000 cr via infra bonds in Q4
Rating agency CRISIL has assigned an "AA+/Stable' rating to the bond issue and reaffirmed its ratings on the bank's existing debt instruments
 "IDBI Bank plans to raise Rs 3,000 cr via infra bonds in Q4")
Corporation Bank's tier-II bonds lose 'AAA' status
Bank to raise Rs 1,000 cr via tier- I bonds; Crisil flags faltering asset quality, lower profitability concerns
 "Corporation Bank's tier-II bonds lose 'AAA' status")
SBI to raise Rs 4,000 cr for BPCL's petrochemical plan
BPCL will invest about Rs 14,225 cr for Kochi Refineries expansion and Rs 5,000 cr for setting up a petrochemical JV
 "SBI to raise Rs 4,000 cr for BPCL's petrochemical plan")
RBI has got a level of comfort due to muted inflation scenario: Paresh Sukthankar
Interview with Deputy MD, HDFC Bank
 "RBI has got a level of comfort due to muted inflation scenario: Paresh Sukthankar")
RBI's new rules fall short of making White Label ATMs viable
They have welcomed the permission to allow use of international credit and other cards but say it isn't enough to assure viability
 "RBI's new rules fall short of making White Label ATMs viable")
Base rate may come down before March: Paresh Sukthankar
Says base rate is on downward trajectory as deposit rates have started coming off
 "Base rate may come down before March: Paresh Sukthankar")
IDFC to slash stake in infra debt fund to 49%
IIDF raising Rs 1,500 cr through non-convertible debentures to buy out loans to road projects
 "IDFC to slash stake in infra debt fund to 49%")
Steps to cut govt stake in PSBs credit positive: Moody's
Move will help PSBs raise up to Rs 1,61,000 crore from the market
 "Steps to cut govt stake in PSBs credit positive: Moody's")
Govt's request for fresh loans to SpiceJet leaves banks in a quandary
Cash-strapped carrier promoted by media baron Kalanithi Maran was forced to cancel flights today morning
 "Govt's request for fresh loans to SpiceJet leaves banks in a quandary")
IBA to identify infra projects for flexible recast
Four sectors expected to benefit from the RBI dispensation are infrastructure, construction, metals and mining
 "IBA to identify infra projects for flexible recast")
 "SBI may have subsidiary to manage its vast real estate")
 "Low oil prices pull down banks' lending")
Competition awaits PSBs in fee-based biz
Remittances and charges on current and savings accounts will be their lifeline as they can't earn interest income through lending
 "Competition awaits PSBs in fee-based biz")
HDFC Bank rules out a JV for payment bank
Other large lenders may also stay away, say analysts
 "HDFC Bank rules out a JV for payment bank")
 "IL&FS PE arm plans exits worth Rs 500 cr in H2")
 "Banks link fresh funds to Mallya's ouster from boards")
Deposit growth tapers as investors put money in gold, MFs
Data shows that AUM in liquid funds has increased 51% m-o-m
 "Deposit growth tapers as investors put money in gold, MFs")
Large banks may not be game stake in payment banks
An advisor with Indian Banks' Association said large banks themselves have an extensive branch network to cover under-banked regions
 "Large banks may not be game stake in payment banks")
Banks propose fund to cure power sector's woes
As banks struggle with high levels of exposure to the sector, a separate fund for power projects is seen as the next best solution
 "Banks propose fund to cure power sector's woes")
PSBs continue to stuggle for share of low-cost deposits
PSBs' share of current and saving accounts has dipped from 33.5% in March '13 to 32.1% in Sept '14
 "PSBs continue to stuggle for share of low-cost deposits")