)
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).
Govt seeks to raise Rs 15,000 cr from selling stake in some state-owned cos, but its poor record of divesting stakes in cos suggests high execution risk
Glimmer of hope for turnaround in early 2013
85% respondents of a Business Standard poll see no rate cut for now
10 of India's top bankers say firms still keeping expansion plans on hold, as business growth continues to be slow in uncertain economic environment
Move follows income tax department's decision to lift freeze on some bank accounts
Many banks face erosion of entire quarterly profit as the Reserve Bank of India wants immediate cover for last year?s bad loans
Move to accelerate legal action in NPA cases and save on cost
The tenure of bonds will depend on the feedback and appetite of investors
The yield on 10-yr bond benchmark which was hovering at 8.11% moved up 8.16% within a minute of RBI announcement
The intense competition from private banks is a major issue, especially in attracting young customers
Rating agency says higher retail price reduces govt's fuel subsidy, whose upfront costs are paid for by oil firms
Prepare for reporting Friday
Company's gearing has increased from 0.61 times as of June 30th 2011, to 1.98 times as of June 31th, 2012
Delay in capital infusion is a matter of concern
Lead managers for the issue are SBI along with Bank of Tokyo-Mitsubishi and Sumitomo Mitsui Banking Corp
Faces re-financing risk for FCCBs
IDBI is looking to issue US dollar denominated bonds this week
Rating for long term loans revised to 'A-'