 "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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Fitch affirms Wipro, HCL Tech's long term 'A-' rating, outlook stable
The rating agency, in a statement, said it has affirmed Wipro's senior unsecured rating on the $750-mn senior notes due 2026
 "Fitch affirms Wipro, HCL Tech's long term 'A-' rating, outlook stable")
Micro, small and medium enterprises staring at enduring financial distress
The RBI's guidelines on TReDS categorically state that an invoice has to be accepted by buyers before they can be financed by banks
 "Micro, small and medium enterprises staring at enduring financial distress")
HDFC Bank plans to raise up to Rs 5,000 cr in capital via AT1 bonds
The lender will separately raise up to Rs 5,000 crore through infrastructure bonds carrying "AAA" rating.
 "HDFC Bank plans to raise up to Rs 5,000 cr in capital via AT1 bonds")
Two years on, YES Bank eyes long-term growth and customer confidence
While survival and stability have been evidenced in growth and customer confidence, this is the right time to understand the road ahead and priorities for the lender.
 "Two years on, YES Bank eyes long-term growth and customer confidence")
SBI inks co-lending pact with five HFCs for affordable housing
SBI expects to grow home loan book to Rs 7 trn by 2024
 "SBI inks co-lending pact with five HFCs for affordable housing")
Stress in 30 plus day dues in micro-loans declines in December quarter
Disbursements take a knock on Omicron concerns
 "Stress in 30 plus day dues in micro-loans declines in December quarter")
To 'protect interest', banks to move DRT's Mumbai bench against Future
The lead bank of the consortium has to issue notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
 "To 'protect interest', banks to move DRT's Mumbai bench against Future")
Banks put in lesser amounts in VRRR auctions ahead of FY22-end
The RBI has been conducting VRRR auctions to manage surplus liquidity in the system
 "Banks put in lesser amounts in VRRR auctions ahead of FY22-end")
Refinancing debt more challenging for Vedanta Resources in tight market
While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations
 "Refinancing debt more challenging for Vedanta Resources in tight market")
RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday
Treasury executives say liquidity surplus continues to be sizeable
 "RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday")
Spandana Sphoorty looks to steady ship after over 4 months of uncertainty
The MFI, backed by private equity fund Kedaara Capital, experienced a jolt in November 2021 after Padmaja Reddy, founder and managing director (MD), quit abruptly.
 "Spandana Sphoorty looks to steady ship after over 4 months of uncertainty")
Reliance-ACRE combine wins race for ailing textile firm Sintex Industries
Lenders approve resolution plan with 100% vote
 "Reliance-ACRE combine wins race for ailing textile firm Sintex Industries")
Net-zero shift may have less impact on banking, says RBI study
India made five pledges at the global climate meeting in Glasgow in October 2021 for taking steps towards controlling emissions.
Moody's lowers India growth estimate for CY22 to 9.1% on Ukraine conflict
Last month, the agency revised India's economic growth estimates in CY2022 upwards to 9.5 per cent from 7 per cent on stronger than expected recovery.
 "Moody's lowers India growth estimate for CY22 to 9.1% on Ukraine conflict")
UPI open architecture limits fintech growth in other fin services: Moody's
Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions
 "UPI open architecture limits fintech growth in other fin services: Moody's")
NARCL to make binding offers to lenders by March 31, say bankers
NARCL is a public sector entity and will have to follow a competitive bidding process for these assets using the Swiss Challenge method.
 "NARCL to make binding offers to lenders by March 31, say bankers")
BBB recommends A Manimekhalai to MD & CEO post at Union Bank of India
Also calls for A K Choudhary's appointment as SBI managing director
 "BBB recommends A Manimekhalai to MD & CEO post at Union Bank of India")
The coast is still not clear: Is the worst over for Indian banks?
Banks are better placed now than any time in the past three years, but they are not yet over the hump
 "The coast is still not clear: Is the worst over for Indian banks?")
Amazon-Future case: After talks fail, lenders to FRL may approach NCLT, DRT
Senior bankers said with failure of Future-Amazon talks, banks have to think of legal action only.
 "Amazon-Future case: After talks fail, lenders to FRL may approach NCLT, DRT")
NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline
Bank to begin work in Q1FY23; asset monetisation will free up resources that will come back to industry
 "NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline")