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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).
Hard bargain includes regular rate rises, bank escrow a/cs, cash flow for repayment, transmission loss targets & govt guarantees
Key lenders not enthused, marquee properties under scanner, revisions expected
Central bank meets bankers to discuss possible dispensation
Companies won¿t be able to take advantage of lower lending rates immediately
A fine balance
In talks with SBI for six-year debt at 12.5 per cent to repay Gujarat government
Higher voting rights, possible board representation likely to boost investor participation, subject public sector banks to unfamiliar shareholder activism
Banks may also rate students every year and fix interest rates according to the ratings
Lenders don?t want to sell stake now as promoters are said to be in talks with prospective investors
May approach Reserve Bank for increase in held-to-maturity cap