All stories by Abhijit Lele
Covid-19 crisis: Slippages may jump to Rs 5.5 trillionRediff.com4 days ago
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 IncRediff.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: ReportRediff.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'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.
India's banking system brutally unfair: Deepak ParekhRediff.com11 Oct 2019
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
Slow loan growth confirms India is not shiningRediff.com29 Jun 2019
While slowdown was prominent in vehicle loan segment, home loans growth improved to 18.7% in May 2019 from 15.5% a year ago.
DHFL promoters exit WGC Wealth to repay debtsRediff.com28 Jun 2019
Lenders to DHFL will meet early July to hammer out a rescue package, which will include the reworking of loan payments, fresh working capital support, roping in a financial investor, and the promoters ceding control.
Why Indiabulls is ready to exit real estate businessRediff.com26 Apr 2019
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
Slow progress at debt recovery tribunals irks banksRediff.com27 Mar 2019
Lenders send 'SOS' to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals and its appellate forum the Debt Recovery Appellate Tribunal.
RBI removes 3 more banks from PCA frameworkRediff.com27 Feb 2019
After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.
Why banks are hesitant to lend more to real estate sectorRediff.com25 Feb 2019
Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.
Why liquidity will remain constrained till March-endRediff.com18 Feb 2019
Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.
Deposit rates not to rise soonRediff.com23 Jan 2019
During the fourth quarter (January-March), banks step up the activity to meet annual targets. This leads to a race to raise funds from markets often by jacking up deposit rates. This time around, the market has not seen such trend yet.
Registration of 1,490 NBFCs cancelledRediff.com8 Jan 2019
Kolkata tops the list with 617 cancellations, New Delhi stands second with 203, followed by Mumbai at 190.
As Jet hits air pocket, fate of Naresh Goyal is almost sealedRediff.com4 Jan 2019
Options include fresh capital infusion by the management and/or some new investors.
RBI will keep PSBs under strict watchRediff.com29 Dec 2018
RBI says haste in easing norms for banks harmful to economy.
How loan waivers will hurt the statesRediff.com27 Dec 2018
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
IL&FS impact: Prolonged liquidity crisis will hit economy, says Moody'sRediff.com16 Oct 2018
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
IL&FS' lenders to feel heat of defaults in Q2Rediff.com3 Oct 2018
PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".
IL&FS to raise Rs 15,000 crore, hike borrowing limitRediff.com1 Oct 2018
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
IL&FS now looks at restructuring, appoints consultantRediff.com30 Sep 2018
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
After Rs 65bn loss, SBI mulls strategic advisorRediff.com26 Jun 2018
According to SBI executives, the aim is to do things efficiently with an eye on profitability, and get a feedback on areas, including which business to enter and which to exit.
22 names recommended for ED posts at banksRediff.com18 Jun 2018
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
India's CAD triples to 1.9% in Q4 year-on-year, pegged at 1.6% in FY18Rediff.com14 Jun 2018
It was primarily due to a higher trade deficit ($41.6 billion) brought about by a larger increase in merchandise import.
'Bad banks' make a comebackRediff.com9 Jun 2018
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
37 banks and a whopping Rs 1.3 trillion jump in gross NPAs!Rediff.com30 May 2018
The RBI has been critical of banks for using restructuring schemes to hide the stress.
11 more PSBs may face the same fate as Dena BankRediff.com14 May 2018
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
Allegations against ICICI bank may dent investor confidenceRediff.com11 Apr 2018
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Canara Bank to shut three overseas branchesRediff.com9 Apr 2018
And will sell its 50 per cent stake to State Bank of India in Russia as part of rationalisation of overseas branch network.
ICICI Bank board says it has full faith in Chanda KochharRediff.com29 Mar 2018
IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group
PNB fraud hits banks' loan disbursal to India IncRediff.com14 Mar 2018
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
Banks' NPAs may surge after RBI's new rulesRediff.com14 Feb 2018
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
SBI posts Rs 24 bn loss in Q3 over NPA provision, 1st in 19 yearsRediff.com10 Feb 2018
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
'Farmers must get proper returns for labour, time, investment'Rediff.com20 Dec 2017
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
How SBI plans to retain its competitive edgeRediff.com27 Nov 2017
The bank is also working on a three-year business plan, nearly coinciding with the time its new chairman Rajnish Kumar would be in the corner office.
'India and China are likely to grow at over 5%'Rediff.com17 Nov 2017
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Gross NPAs of private banks up 55% in Q2Rediff.com23 Oct 2017
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
Who will be the next SBI chief?Rediff.com4 Oct 2017
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
7 things SBI's Arundhati Bhattacharya will be remembered forRediff.com18 Sep 2017
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
Delay in developer loan repayment hits home finance cosRediff.com8 Sep 2017
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.