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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).
In September, inflation stood at 6.46%, the highest since February
Asset quality, earnings profile to remain under stress
Interview with CDR Cell Head & Executive Director, IDBI Bank
The Mumbai-based public sector lender is witnessing a sharp and sustained deterioration in asset quality
The bankers working on the CDR proposal have asked for the financial details of the group companies
Tata group entity hit by order delays
Fine imposed as Barclays received payouts, as a corporate agent, during 2008-09 and 2009-10, over and above permitted remuneration
Indian currency had opened slightly weak in morning at 61.88 against previous close 61.74
According to the lenders, Kroll's report was based on "hearsay and market intelligence", and not backed by corroborative facts
Banks' investments in securities grew at 8.9% to Rs 21,8400 cr during March-end and September 20
Balance of Payments in negative territory with $300 mn drawdown
On Friday, rupee had closed at 62.49
The cost of funds (from FCNR-B) after swapping is about 8.5%, cheaper than the prevailing rates in the market
A private sector bank hiked their one year deposit rate to 10%, but this is unlikely to be an indicator
Both co-op banks have begun groundwork to travel the path and are awaiting RBI norms for conversion
Says groundwork ready but incoming team should decide
Interview with Chairman, SBI
Funds to boost its tier II capital for business growth
Interview with Minister of Corporate Affairs