Abhijit Lele
 "Abhijit Lele")
Abhijit Lele
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).
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Lenders unlikely to clear Anil Agarwal's Vedanta spinoff in hurry
To scrutinise rationale for recast, structural details, plans for each unit
 "Lenders unlikely to clear Anil Agarwal's Vedanta spinoff in hurry")
Credit quality of export, commodity-linked sectors to face pressure: Crisil
Rating upgrades outpace downgrades in H1FY24
 "Credit quality of export, commodity-linked sectors to face pressure: Crisil")
Basel-III rules to give Nabard room to double balance sheet from April 2024
As the overall business horizon of Nabard has expanded, capital and reserves registered growth of 52.4 per cent
 "Basel-III rules to give Nabard room to double balance sheet from April 2024")
Federal Bank advances up 20% to Rs 1.95 trillion in September quarter
The pace of loan growth for the private lender was higher than the 15.1% y-o-y growth in advances of the banking system until 8 September 2023, according to RBI data
 "Federal Bank advances up 20% to Rs 1.95 trillion in September quarter")
Corporate credit ratings stable in H1FY24 despite global headwinds: CARE
Rating upgrades outnumber downgrades in Apr-Sep 23; global slowdown begins to bite export oriented units
 "Corporate credit ratings stable in H1FY24 despite global headwinds: CARE")
Nabard plans to raise Rs 5,000 crore through green bonds in H2FY24
Shaji K V, chairman of Nabard, said the organisation is now focusing on documenting the impact and, in turn, ensuring transparency
Credit to retail sector dips to 18.3% in August 2023, shows RBI data
Picks up speed in lending to agri, services
 "Credit to retail sector dips to 18.3% in August 2023, shows RBI data")
Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn
Rising oil prices may push CAD up further in Q2, say experts
 "Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn")
India's bank credit growth likely to moderate to 13-13.5% in FY24: CRISIL
"The extent to which deposit growth picks up would determine credit growth for banks," said Subha Sri Narayanan, Director at CRISIL Ratings
 "India's bank credit growth likely to moderate to 13-13.5% in FY24: CRISIL")
NARCL makes offers for Rs 1.7 trillion debt, bags only Rs 25K crore
Lenders' reluctance to accept SRs, lengthy negotiations dragging its work, says senior exec
 "NARCL makes offers for Rs 1.7 trillion debt, bags only Rs 25K crore")
States, UTs to raise Rs 2.37 trn in Q3FY24 through market borrowings: RBI
Aditi Nayar, chief economist, ICRA, said the indicative borrowing amount for Q3FY24 is broadly along expected lines
 "States, UTs to raise Rs 2.37 trn in Q3FY24 through market borrowings: RBI")
Cosmos Coop Bank merges Sahebrao Deshmukh Co-op Bank with itself
Cosmos would have 170 branches in seven states across India
 "Cosmos Coop Bank merges Sahebrao Deshmukh Co-op Bank with itself")
Banks must not classify customers' complaints as queries, says RBI
Central bank 'will not hesitate to act' against entities indulging in such behaviour, says deputy governor Swaminathan J
 "Banks must not classify customers' complaints as queries, says RBI")
Need to avoid dominance of 1-2 directors on boards: RBI Governor Das
The RBI governor says directors in UCBs need to have expertise in various aspects of banking
 "Need to avoid dominance of 1-2 directors on boards: RBI Governor Das")
Inclusion in JP Morgan's Bond index to aid BoP improvement: Experts
India's can manage address oil price hike better
 "Inclusion in JP Morgan's Bond index to aid BoP improvement: Experts")
Karnataka Bank eyes second round of equity infusion in the next six months
The proceeds of the issue will be primarily used to meet the needs of the growing business of the bank, including long-term capital requirements
 "Karnataka Bank eyes second round of equity infusion in the next six months")
SBI raises Rs 10,000 cr via infrastructure bonds at 7.49%
Lender gets bids worth over Rs 20,000 cr; pricing cheaper by 5 bps than July offering
 "SBI raises Rs 10,000 cr via infrastructure bonds at 7.49%")
Savings declined but resulted in rise in assets: SBI chief economist
Recovery in real estate, rise in property prices attracted savings
 "Savings declined but resulted in rise in assets: SBI chief economist")
Bank credit grows 15.07% YoY in early Sept; deposits expands by 12.8%
RBI released the Scheduled Banks' Statement of Position in India as of September 8, 2023
 "Bank credit grows 15.07% YoY in early Sept; deposits expands by 12.8%")
Equity FDI into India declines sharply to $5.7 bn in April-July period
The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation
 "Equity FDI into India declines sharply to $5.7 bn in April-July period")