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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).
Growth outlook looks better, but some headwinds in global economy will continue to weigh on growth in Asia-Pacific
In application to RBI, asks approval to raise funds via ECBs for aircraft purchase
The group had set aside Rs 1,000 cr for the banking foray
ESL saw a delay in commencement of commercial operations and was hit by cost escalation
However, wanted close monitoring to avoid adverse impact on their balance sheet
RBI gives in-principle nod to Tata, Prizm, Srei and AGS for rollout
A FinMin official says plan needed for arresting slippage
The bank’s high specific loan loss reserve ratio (97.2% in Dec 2012) should help cushion any immediate spikes in delinquencies
ICICI Bank, IDBI Bank, SBI and Canara Bank collectively hold 18.12 per cent equity in RGPPL, which operates the plant
ICICI, IDBI, SBI, Canara Bank collectively hold 18.12% equity in Ratnagiri Gas & Power Pvt Ltd, balance equity is held by 32.7% by NTPC, GAIL
Say lender did not pay last instalment of Rs 33 cr in a Rs 780-cr realty deal
Will bring stability to funding profile, improve interest margins