 "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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Home loans grew 76% to Rs 79,043 crore in March quarter, shows data
Property loans also showed 21.9 per cent expansion at Rs 23,418 cr against Rs 19,207 cr in Q4FY20
 "Home loans grew 76% to Rs 79,043 crore in March quarter, shows data")
RBI tightens dividend payout norms for NBFCs, links them to bad debt
NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years
 "RBI tightens dividend payout norms for NBFCs, links them to bad debt")
After a washed-out Q1, bankers hope to cash in on revival starting July
Demand expected to rise, but more gradually than last year
 "After a washed-out Q1, bankers hope to cash in on revival starting July")
Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh
Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.
 "Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh")
Centrum Capital plans to raise up to Rs 500 crore in equity via QIP
The board also gave nod to the issuing of non-convertible debentures of up to Rs 1,000 crore
 "Centrum Capital plans to raise up to Rs 500 crore in equity via QIP")
PNB Housing controversy puts spotlight on independent valuer rule
Inconsistencies between the Companies Act and the Issue of Capital Regulations to be debated before SAT
 "PNB Housing controversy puts spotlight on independent valuer rule")
SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing
Results not allowed to be disclosed; Tribunal allows Tuesday EGM to go ahead
SBI to raise up to Rs 14,000 cr via AT1 bonds to boost capital adequacy
Being a systemically important financial institution, the bank has to maintain a higher level of CAR than its peers
 "SBI to raise up to Rs 14,000 cr via AT1 bonds to boost capital adequacy")
Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route
Approval given in accordance with the offer made by Centrum to take over the beleaguered Punjab and Maharashtra Cooperative Bank
 "Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route")
Microfinance loan book grows 10% sequentially to Rs 2.53 trillion in Q4
Banks continue to dominate the market share of 42 per cent.
 "Microfinance loan book grows 10% sequentially to Rs 2.53 trillion in Q4")
Federal Bank to raise Rs 916 cr in equity capital from IFC, affiliates
Seeks shareholders nod for extra Rs 4,000 cr in equity capital
 "Federal Bank to raise Rs 916 cr in equity capital from IFC, affiliates")
Financial conditions index takes big knock in Q1 due to second wave
Despite drag reading on index holds out optimism: IBA-CII
 "Financial conditions index takes big knock in Q1 due to second wave")
ICICI Bank offers digital banking solutions to corporates, their partners
The bank aims to become the preferred banking partner for companies and their entire ecosystem
 "ICICI Bank offers digital banking solutions to corporates, their partners")
India's credit ecosystem resilient despite Covid-19 pandemic: Experian
The credit information bureau says in a report India's consumer credit market is projected to grow at a higher rate than most major economies globally
 "India's credit ecosystem resilient despite Covid-19 pandemic: Experian")
Deregulation of rates for NBFC-MFIs may lead to expansion of market
The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.
 "Deregulation of rates for NBFC-MFIs may lead to expansion of market")
LIC Housing Fin Q4 net down 5.33% at Rs 398.9 cr on impairment spike
To raise equity capital through prefential issue to LIC
 "LIC Housing Fin Q4 net down 5.33% at Rs 398.9 cr on impairment spike")
Tata Capital expects over 10% growth in credit this financial year
During FY21, its loan book stood at Rs 77,219 crore, compared to Rs 77,610 crore in March 2020.
 "Tata Capital expects over 10% growth in credit this financial year")
Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore
Edelweiss has pegged inflows of Rs 3,700 crore in the current financial year (2021-22) and Rs 3,800 crore in FY23.
 "Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore")
Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs
The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic
 "Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs")
Moody's downgrades Delhi International Airport rating following Covid surge
Outlook negative; Moody's says reduction in revenue will lead to additional debt being required to complete the airport's expansion
 "Moody's downgrades Delhi International Airport rating following Covid surge")