Abhijit Lele

All stories by Abhijit Lele

IDBI Bank back in black in FY21 after five years

IDBI Bank back in black in FY21 after five years

Rediff.com5 May 2021

The bank expects to grow loan book by 10 per cent in the current financial year with calibrated exposure to corporate accounts and thrust on the retail segment.

Negative outlook list may get longer, Q1 biz to be hit

Negative outlook list may get longer, Q1 biz to be hit

Rediff.com3 May 2021

At risk of entrenched rough times are sectors like hospitality and those with discretionary spends.

South Africa's FirstRand Bank to exit India after 12 years

South Africa's FirstRand Bank to exit India after 12 years

Rediff.com23 Apr 2021

The plan was to expand further, add more branches and also eventually become the third bank in India to start a wholly owned subsidiary after Singapore's DBS Bank and State Bank of Mauritius, but those plans never materialised due to lack of scale and rising non-performing assets in the country.

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Rediff.com15 Feb 2021

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020.

'Economy well placed to capitalise on recovery in 2021'

'Economy well placed to capitalise on recovery in 2021'

Rediff.com6 Jan 2021

'The financial sector's performance in the first two quarters was a revelation.' 'It clearly showed the clean-up had been done in the past one-and-a-half years and that capital brought in was significantly stronger.'

From loan moratorium to digitisation, 2020 saw major shifts in banking

From loan moratorium to digitisation, 2020 saw major shifts in banking

Rediff.com30 Dec 2020

While lenders create a hype around the services offered on digital platforms, customers think otherwise, given that frustration due to the quality of service has only increased, over the years.

Why it makes sense to take personal loans from PSBs

Why it makes sense to take personal loans from PSBs

Rediff.com26 Dec 2020

The interest rate offered by PSBs like SBI, BoB and BoI hover around 8.9 per cent-10.50 per cent. For private banks, the range is between 10.49 per cent and 12 per cent.

PSBs may find it hard to raise money on asset quality, governance concerns

PSBs may find it hard to raise money on asset quality, governance concerns

Rediff.com21 Dec 2020

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.

How SBI plans to keep YONO ahead of the curve

How SBI plans to keep YONO ahead of the curve

Rediff.com13 Oct 2020

Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.

Home, auto loan inquiry back to 2019 level

Home, auto loan inquiry back to 2019 level

Rediff.com23 Sep 2020

The public sector lenders saw the biggest rebound in inquiries in July and August 2020, most likely because they were early in recommencing operations than their private and finance counterparts.

'2 years is fair time for companies to come out of pain'

'2 years is fair time for companies to come out of pain'

Rediff.com17 Sep 2020

'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'

Challenges that Dinesh Khara, the new SBI chief faces

Challenges that Dinesh Khara, the new SBI chief faces

Rediff.com8 Sep 2020

Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.

Bonanza for overseas Indian investors; ODI norms to be eased

Bonanza for overseas Indian investors; ODI norms to be eased

Rediff.com27 Aug 2020

The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Rediff.com2 Aug 2020

Yes Bank CEO said the private lender is disposing some of the properties in many other cases as well. He, however, declined to elaborate on borrowers against whom such action was underway.

HDFC to set up fund to finance stressed realty projects

HDFC to set up fund to finance stressed realty projects

Rediff.com7 Jul 2020

The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.

YES Bank restructures salaries of senior leadership team

YES Bank restructures salaries of senior leadership team

Rediff.com1 Jun 2020

About 300 employees would come under the ambit of voluntary decision.

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Rediff.com22 May 2020

The incremental stress is mainly from sectors including power, infrastructure, constructions, hospitality, iron and steel, telecom, and realty.

As lenders go slow, liquidity is a big issue for India Inc

As lenders go slow, liquidity is a big issue for India Inc

Rediff.com16 Apr 2020

CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.

PSBs need to build buffers to absorb shocks: Report

PSBs need to build buffers to absorb shocks: Report

Rediff.com28 Dec 2019

Among the bank groups, under the baseline scenario, public sector banks' gross NPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019.

'People should feel like spending more'

'People should feel like spending more'

Rediff.com5 Nov 2019

'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.

Next