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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).
Net Interest Income up 12% YoY, but Net Interest Margin dipped by nine bps
The rating agency said this consolidation is eminent because many small sized private banks continue to face chronic asset quality problems which constrain their capital availability
The company's debt continues to remain high and its current financial flexibility continues to remain strained
Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June
YES Bank, which holds 26% stake of Dish TV, has sought to remove Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal and Ashok Kurien from the board of Dish TV besides Jawahar Goel
Asset quality is largely stable; Total deposits up 14.4% at Rs 14.06 trillion YoY, advances rise 15.5% to Rs nearly Rs 12 trillion
The estimated project cost of Phase I of the airport is Rs 5,730 crore and is funded in a debt-equity ratio of 65:35
Banks Board Bureau had, in September, proposed Goel's for the forthcoming position of MD-CEO at Punjab National Bank. Centre to take final call on the appointment
The proposed business model is one of collaboration and open architecture
Protracted litigation, uncertainty reasons for move: Firm
While economic conditions have improved, this year's virus outbreak has eroded borrowers' financial reserves, according to Moody's
The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees
He will be involved in defining the company's short-term and long-term strategies, and will so work closely with the other Board Members and CXOs
'Unity Small Finance Bank' will start with at least Rs 1,500-cr loan book, says Centrum
Working capital needs drive uptick in demand; gold loans taken by individuals support uptrend
Rise in stressed assets may not push bills for provisions as lenders maintain higher provision coverage ratio for few quarters
Activity rises as investors' fears over collections ebb
What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic
The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system
RBI said the IOS for NBFCs will be on the lines of IOS for banks and non-bank payment system participants