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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).
Bankers sound a note of caution for Q4 ending March 2013 and beyond. The scenario is changing for the better but things will look up gradually
Chinese arm among the subsidiaries that might be used by wind power equipment maker to raise funds
Cuts size from $2bn to tap Australian Pension funds
Liquid mutual funds, tax free bonds attract money
India Ratings downgrades rating for NCDs to 'D'
New base rate to be effective from Feb 4, 2013
Loans linked to base rate will become cheaper with effect from February 1, 2013
Loans linked to base rate will become cheaper with effect from February 1, 2013
Gross NPA only grew by 3.38% in Q3 vs 15.01% in Q2
Net down 21.6 % at Rs 1,012 cr, dip in treasury income, high NPA provisions makes dent
Liquid mutual funds and tax-free bonds offer better returns
To extend $ 500 mn credit to ICICI Bank
Total consolidated income from operations rose by 31.3% to Rs 2,041 crore
CRISIL cuts rating on bleak prospects for better gearing
Restructures loans worth over Rs 2,700 crore in Q3
CRISIL cuts rating on bleak prospects for better gearing
Economists advise against it, citing international experiences business leaders say RBI should allow move for inclusive growth
Prospects of weak margins for JLR pushes stock down
Asset quality pressures to ease funding challenges remain