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 155 - Abhijit Lele/workspace/business Standard Web/video
Bond yield spike may hit banks' treasury profit
Rise in yield due to a combination of factors including a cut in SLR and sticky inflation outlook
 "Bond yield spike may hit banks' treasury profit")
Draft norms for small banks fail to cheer urban co-op banks
Want road map to convert into commercial bank
Syndicate Bank brass in damage control
Tells employees to shun loose talk and get on with business; says internal processes fine
 "Syndicate Bank brass in damage control")
Syndicate Bank to rejig International Business strategy
Overseas loan book grew from Rs 27,244 cr in June 2013 (Q1 of FY14) to Rs 36,759 cr in June 2014 (Q1 of Fy15)
 "Syndicate Bank to rejig International Business strategy")
Insurance IPOs still 2-3 years away
Many procedural issues remain, apart from prior agreements with Indian partners in JVs
 "Insurance IPOs still 2-3 years away")
Expect turbulence with public sector bank mergers
The resistance from bank staff and employees' unions and local political interest could pose a formidable challenge
 "Expect turbulence with public sector bank mergers")
RBI's steps to revive growth credit positive: Moody's
Says raising FII limit in govt debt will help stabilise currency rates
 "RBI's steps to revive growth credit positive: Moody's")
TCS raising Rs 4,000 crore via commercial paper
The company uses a variety of financial instruments including Commercial Paper as part of ongoing liquidity management
 "TCS raising Rs 4,000 crore via commercial paper")
ICRA upgrades outlook on Indian Oil's long term rating
Diesel price deregulation to reduce under recovery burden
 "ICRA upgrades outlook on Indian Oil's long term rating")
 "ARC markets see bold moves by newer entities")
Housing finance market to now see more competition
Banks have an edge over housing finance companies (HFCs) due to access to relatively low cost funds raised through deposits
 "Housing finance market to now see more competition")
Monetising property: Advanced groundwork at Bank of India
Planning to raise Rs 2,500 crore if RBI okays its plan to do so via an SPV; presses govt to waive taxes on this
 "Monetising property: Advanced groundwork at Bank of India")
Govt eyes 200 mn new bank accounts in a year
Govt is using Census 2011 as basis for charting out its financial inclusion plan
 "Govt eyes 200 mn new bank accounts in a year")
JM Financial pays Rs 865 crore upfront for Leela loans
The amount is 20% of the purchase price that another JM group firm has paid for a 97% stake in the hotel
 "JM Financial pays Rs 865 crore upfront for Leela loans")
Indo Count eyes CDR exit
Indo Count is considering exiting the CDR mechanism by the third quarter of this financial year
IFCI to offload 26 per cent in Madhya Pradesh road project
Expects stake sale to go through by September
 "IFCI to offload 26 per cent in Madhya Pradesh road project")
IFCI to offload 26% stake in toll road in MP
IFCI seems to be on drive to liquidate non-core investments to unlock value in assets
 "Banks to offload Leela loans to asset reconstruction firms")
Banks put Rs 21k-cr NPAs on block in 3 months
Rush to offload bad loans indicates a revival in asset-sale market
 "Banks put Rs 21k-cr NPAs on block in 3 months")
Fullerton India eyes threefold growth in assets
Company firms up a 5-year business plan; at present AUMs are Rs 6,245 cr, up from Rs 4,823 cr in March 2013
 "Fullerton India eyes threefold growth in assets")