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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NBFCs' loan sanctions up 5% YoY in Q3FY22: Data
Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data
 "NBFCs' loan sanctions up 5% YoY in Q3FY22: Data")
M&M Finance's looks to double AUM of Lankan venture
Company exploring entry into Bangladesh
 "M&M Finance's looks to double AUM of Lankan venture")
Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery
In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum
 "Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery")
RBI may not tinker with key rates in FY22 due to Omicron spread
May nudge market rates by managing liquidity
 "RBI may not tinker with key rates in FY22 due to Omicron spread")
Bond yield rises nearly 6 basis points to a 24-month high of 6.52%
This raises the prospects of higher lending rates
 "Bond yield rises nearly 6 basis points to a 24-month high of 6.52%")
Large, mid-sized banks report 11-23% loan growth in December quarter
Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021
 "Large, mid-sized banks report 11-23% loan growth in December quarter")
Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter
Pune-based bank's deposits expanded by 15.21 per cent to Rs 1.86 trillion as of December 31, 2021
 "Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter")
HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter
HDFC Bank's retail loans grew by around 13.5 per cent yoy and 4.5 per cent over September 2021 based on its internal business classification.
 "HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter")
Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter
Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.
 "Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter")
Home loans assigned by HDFC to HDFC Bank in Q3 up marginally at Rs 7,468 cr
The mortgage lender keeps liquidity buffers worth Rs 55,000 cr
 "Home loans assigned by HDFC to HDFC Bank in Q3 up marginally at Rs 7,468 cr")
Federal Bank Q3 advances up 12% YoY, top those of most other lenders
Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021
 "Federal Bank Q3 advances up 12% YoY, top those of most other lenders")
ICRA places RBL Bank ratings under watch with developing implications
ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position of the bank
 "ICRA places RBL Bank ratings under watch with developing implications")
Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India
Fullerton India's management team will continue to operate under the leadership of current Managing Director and Chief Executive Shantanu Mitra, the company said
 "Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India")
KKR names K V Kamath as Sr Advisor for India business with immediate effect
The global investment firm looks to add value to its portfolio companies through access to its substantial network and the expertise of industry specialists
 "KKR names K V Kamath as Sr Advisor for India business with immediate effect")
Ujjivan SFB stays in red, net loss widens in Q2 to Rs 274 cr sequentially
Provisions stay elevated in Q2; though lower than Q1
 "Ujjivan SFB stays in red, net loss widens in Q2 to Rs 274 cr sequentially")
Six Indian companies out of potential fallen angels list, says Moody's
Upgrade of India outlook, easing of Covid-19 pandemic effect trigger action
 "Six Indian companies out of potential fallen angels list, says Moody's")
Is the sparkle returning? Banks are now better placed to handhold India Inc
The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc
 "Is the sparkle returning? Banks are now better placed to handhold India Inc")
Subsidiary disbursed 84,000 loans without customer consent: IndusInd
Glitch at Bharat Financial Inclusion Ltd rectified immediately and independent probe will fix lapses, says IndusInd.
 "Subsidiary disbursed 84,000 loans without customer consent: IndusInd")
Delay in getting strategic investor a concern for Rel Gen: Brickworks
RGICL faces competition from the private as well as public sector general insurance companies in India
 "Delay in getting strategic investor a concern for Rel Gen: Brickworks")
ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank
The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement
 "ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank")