)
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).
Intake to match retirements each year, with schedule and type of recruiting to be known in advance
SBI's total investments were pegged at Rs 485,734 cr at end-September. This is predominantly of government and corporate bonds, with a very small share of equity investments
Banking regulator in Indonesia has revised norms for capital adequacy to open more branches
Customers using e-commerce websites are young and techno-savvy
Private sector lenders on wait-and-watch mode
Interview with Senior MD, and President and CEO, India, Nomura
Exposure to metal and power sectors on wish list
Banks mull setting up a fund with a corpus of Rs 5,000 crore to infuse equity into stalled power projects
It has already sanctioned funds for 10 projects
Interview with MD & Group Executive (National Banking), SBI
Another loan, to Sima Hotels and Resorts (Rs 69 cr outstanding) was bought by Alchemist ARC
With share market up, firms are again interested in raising money this way but credit is going to be a problem, given recent history
Lower-than-expected bids force firm to postpone the process
Top bankers meet today to take stock of fallout of Supreme Court's ruling on coal blocks
The top 11 metals, mining and power companies whose coal blocks have been cancelled together owe Rs 2.7 lakh crore to lenders
IFCI's ability to raise funds at competitive cost through capital market instruments would be critical for its competitiveness