Abhijit Lele

All stories by Abhijit Lele

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

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

Rediff.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 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.

India's banking system brutally unfair: Deepak Parekh

India's banking system brutally unfair: Deepak Parekh

Rediff.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 shining

Slow loan growth confirms India is not shining

Rediff.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 debts

DHFL promoters exit WGC Wealth to repay debts

Rediff.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 business

Why Indiabulls is ready to exit real estate business

Rediff.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 banks

Slow progress at debt recovery tribunals irks banks

Rediff.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 framework

RBI removes 3 more banks from PCA framework

Rediff.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 sector

Why banks are hesitant to lend more to real estate sector

Rediff.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-end

Why liquidity will remain constrained till March-end

Rediff.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 soon

Deposit rates not to rise soon

Rediff.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 cancelled

Registration of 1,490 NBFCs cancelled

Rediff.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 sealed

As Jet hits air pocket, fate of Naresh Goyal is almost sealed

Rediff.com4 Jan 2019

Options include fresh capital infusion by the management and/or some new investors.

RBI will keep PSBs under strict watch

RBI will keep PSBs under strict watch

Rediff.com29 Dec 2018

RBI says haste in easing norms for banks harmful to economy.

How loan waivers will hurt the states

How loan waivers will hurt the states

Rediff.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's

IL&FS impact: Prolonged liquidity crisis will hit economy, says Moody's

Rediff.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 Q2

IL&FS' lenders to feel heat of defaults in Q2

Rediff.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 limit

IL&FS to raise Rs 15,000 crore, hike borrowing limit

Rediff.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 consultant

IL&FS now looks at restructuring, appoints consultant

Rediff.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 advisor

After Rs 65bn loss, SBI mulls strategic advisor

Rediff.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 banks

22 names recommended for ED posts at banks

Rediff.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 FY18

India's CAD triples to 1.9% in Q4 year-on-year, pegged at 1.6% in FY18

Rediff.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 comeback

'Bad banks' make a comeback

Rediff.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!

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 Bank

11 more PSBs may face the same fate as Dena Bank

Rediff.com14 May 2018

RBI may be inclined to impose severe restrictions on lending in the coming quarters.

Allegations against ICICI bank may dent investor confidence

Allegations against ICICI bank may dent investor confidence

Rediff.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 branches

Canara Bank to shut three overseas branches

Rediff.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 Kochhar

ICICI Bank board says it has full faith in Chanda Kochhar

Rediff.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 Inc

PNB fraud hits banks' loan disbursal to India Inc

Rediff.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 rules

Banks' NPAs may surge after RBI's new rules

Rediff.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 years

SBI posts Rs 24 bn loss in Q3 over NPA provision, 1st in 19 years

Rediff.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'

'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 edge

How SBI plans to retain its competitive edge

Rediff.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%'

'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 Q2

Gross NPAs of private banks up 55% in Q2

Rediff.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?

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 for

7 things SBI's Arundhati Bhattacharya will be remembered for

Rediff.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 cos

Delay in developer loan repayment hits home finance cos

Rediff.com8 Sep 2017

Project delays, stretched balance sheets impacting asset quality indicators of HFCs.

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