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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 rode out of the global financial crisis of 2008 with elan, banking on the demand for gold and diamond jewellery from overseas
Plans to transfer merchant banking business to subsidiary
The idea is to take feedback on the ground situation and get a sense of the implications
With numerous players entering the segment, operating margins have steadily declined over the past few years
Revises outlook to negative
The company aims to fund Suzlon's debt recast
Seek 2-year payment holiday plus 8 year repayment time
Outstanding restructured advances of 10 large banks stood at Rs 1,77,333 cr, of which only Rs 58,366 cr is under corporate debt restructuring cell
Withdraws rating on company's request
The bank's retail NPAs dropped sharply to 60% of total bad loans in March 2013
They can skip the first auction today, as RBI has indicated the bonds could be linked to CPI in future
Cancels power of attorney to IDBI Trusteeship on pledged shares; bankers contend this isn't legally possible
While peak is behind restructured loans remain bugbear
The central bank cautions investors to carefully evaluate investment decisions
Its aberration and risk of slippages remain high, warn bankers
The new rule, issued to conform with Basel III banking capital reforms, will be applicable from July 1
Srei move comes after banks sent legal notice not to sell shares at lower than CMP
SBI says recovery process on as no court stay yet