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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).
Company continues to follow cautious approach to credit selection and hence disbursements in B2B segment have been muted
A quarter of managers to retire in 3 years; new pvt banks also seen as threat
May offer interest rate moratorium for two and half years
VCs, seed funds eye platform for transparent investments, exits
Cites project delays, cost overrun
Players grapple with costs, logistic issue before launch
The Reserve Bank of India raised around $25 bn under the swap window facility, which was open till November 30
Banks line up board meetings over two weeks
Interview with CMD, Bank of India
Valuations to stay weak on dim chances for improvement
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
Second NPA sale in FY14; move aimed at containing pressure on balance sheets
At present, customers are allowed unlimited free transactions if the ATM is of their own bank
Bankers, however, say it will be premature to celebrate
Bankers say that liquidity is comfortable
Advisor to do mystery shopping, suggest ways to improve services
Appoints five foreign banks to manage its qualified institutional placement worth nearly Rs 10,000 crore
Part of a focus on retail advances, as corporate demand remains subdued; could reverse if RBI raises repo next month
Various lenders, including public sector banks, have exposures of as much as Rs 25,000 cr to the sector
Moves in the 62.27/29 band after few banks sold dollars