Abhijit Lele And Parnika Sokhi

Stories by Abhijit Lele And Parnika Sokhi

Most banks wary of growing unsecured loan portfolio

Most banks wary of growing unsecured loan portfolio

Rediff.com   9 Nov 2012

Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.

Bank unions set the ball rolling for wage talks

Bank unions set the ball rolling for wage talks

Rediff.com   6 Nov 2012

Unions said the revised wage structure should reflect the merger of dearness allowance.

FM to meet govt bank chiefs on Nov 15

FM to meet govt bank chiefs on Nov 15

Rediff.com   2 Nov 2012

Also on agenda is rising credit flow to MSMEs & farm sector.

RBI might cut CRR, hold policy rate, shows poll

RBI might cut CRR, hold policy rate, shows poll

Rediff.com   26 Oct 2012

High inflation continues to be an obstacle in lowering policy rates as of now.

Kingfisher lenders left in the lurch

Kingfisher lenders left in the lurch

Rediff.com   23 Oct 2012

Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.

S&P lowers credit profile of SBI, Union Bank

S&P lowers credit profile of SBI, Union Bank

Rediff.com   10 Oct 2012

Standard & Poor's on Wednesday lowered the stand-alone credit profile of two government-owned lenders- the State Bank of India and Union Bank of India citing concerns over their asset quality and high credit cost.

India Inc's capex plans still in the freezer: Bankers

India Inc's capex plans still in the freezer: Bankers

Rediff.com   1 Oct 2012

Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.

Banks see slowest growth in a decade

Banks see slowest growth in a decade

Rediff.com   14 Sep 2012

Banks' loans are set to grow at the slowest pace in a decade this financial year, as companies continue to shy away from borrowing in the current uncertain macro-economic environment.

Govt borrowing may rise this year

Govt borrowing may rise this year

Rediff.com   11 Sep 2012

The government is expected to wait till January for announcing its higher borrowing requirement for the financial year, instead of incorporating it in the second half loan calendar to be issued later this month.

RBI wants banks to install system to alert police

RBI wants banks to install system to alert police

Rediff.com   4 Sep 2012

As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial

India Inc goes ahead with foreign fund-raising plans

India Inc goes ahead with foreign fund-raising plans

Rediff.com   20 Aug 2012

The yields on the US Treasuries that are used as a benchmark for pricing dollar-denominated bonds eased providing relief on overall pricing.

Poor rains may hit MFI recoveries

Poor rains may hit MFI recoveries

Rediff.com   27 Jul 2012

Microfinance institutions' deluge of problems, it seems, is never-ending.

Remittances seen crossing $70 billion in 2012

Remittances seen crossing $70 billion in 2012

Rediff.com   15 Jun 2012

With the Reserve Bank of India (RBI) allowing people to receive money more than twice a month from abroad, the companies facilitating transfer services are set to cash in, too.

Rs fall to have limited benefit for exports

Rs fall to have limited benefit for exports

Rediff.com   24 May 2012

But weak global demand, costly imports play spoilsport

Icra plans to expand in Asia

Icra plans to expand in Asia

Rediff.com   9 May 2012

After establishing a presence in Indonesia and Sri Lanka, Icra, the rating agency and associate of Moody's in India, plans to expand further in Asia to get a slice of business from the growing bond markets.

At 9.3 mn, a third of MFI borrowers are defaulters

At 9.3 mn, a third of MFI borrowers are defaulters

Rediff.com   22 Mar 2012

In absolute terms, close to 9.2 million customers (almost equal to Mumbai's suburban population) have defaulted on loan repayment. Microfinance institutions currently have around 32 million clients in the country.

Public sector banks may not flock to IIMs

Public sector banks may not flock to IIMs

Rediff.com   14 Feb 2012

State Bank of India and IDBI Bank have decided not to go to the IIMs this year.

Banks step in to help India Inc repay European debt

Banks step in to help India Inc repay European debt

Rediff.com   3 Jan 2012

Bankers and industry analysts say a number of public and private sector banks have expressed willingness to offer fresh loans to Indian companies to help them repay their overseas dues maturing in the near term.

SBI's teaser home loans to pinch borrowers more

SBI's teaser home loans to pinch borrowers more

Rediff.com   21 Dec 2011

Bank will charge floating rates of interest from January.

RBI may opt for status quo with a dovish tone

RBI may opt for status quo with a dovish tone

Rediff.com   12 Dec 2011

Experts say the central bank will refrain from using the CRR as a liquidity tool, as a reduction in the rate will go against its current anti-inflationary stance.