Joydeep Ghosh &Amp; Abhijit Lele

Stories by Joydeep Ghosh &Amp; Abhijit Lele

Why linking loans to external benchmark won't be easy for banks

Why linking loans to external benchmark won't be easy for banks

Rediff.com   3 Oct 2019

Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.

Banks form GM-level teams for merger ease

Banks form GM-level teams for merger ease

Rediff.com   5 Sep 2019

Banks are also weighing the option of hiring experts for help in specialised areas.

Tax hike on rich will also hurt global companies

Tax hike on rich will also hurt global companies

Rediff.com   6 Jul 2019

Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Rediff.com   4 Jul 2019

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.

Slow loan growth confirms India is not shining

Slow loan growth confirms India is not shining

Rediff.com   29 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.com   28 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.

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

Rediff.com   20 Jun 2019

The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.

Anil Ambani on why there's sharp fall in his group firm shares

Anil Ambani on why there's sharp fall in his group firm shares

Rediff.com   19 Jun 2019

He said unwarranted rumour-mongering, speculation, and bear hammering of all Reliance Group companies shares over the last few weeks had caused grave damage to all our stakeholders.

How IL&FS bosses showed fictitious profits for salary hikes

How IL&FS bosses showed fictitious profits for salary hikes

Rediff.com   10 Jun 2019

Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.

Why RBI's risk draft has little to cheer NBFCs

Why RBI's risk draft has little to cheer NBFCs

Rediff.com   27 May 2019

An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.

How IL&FS' misadventures made India Inc poorer by Rs 9,000-crore

How IL&FS' misadventures made India Inc poorer by Rs 9,000-crore

Rediff.com   20 May 2019

Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.

Things are simply getting worse for Anil Ambani

Things are simply getting worse for Anil Ambani

Rediff.com   8 May 2019

Debt-ridden Reliance Capital ready to cede control in home finance - Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance.

Bankers weigh all options to save Jet

Bankers weigh all options to save Jet

Rediff.com   3 May 2019

Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.

Why Indiabulls is ready to exit real estate business

Why Indiabulls is ready to exit real estate business

Rediff.com   26 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.

Why corporate credit may grow in next few quarters

Why corporate credit may grow in next few quarters

Rediff.com   22 Apr 2019

With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.

Zee's repayment woes force fund houses to reschedule

Zee's repayment woes force fund houses to reschedule

Rediff.com   19 Apr 2019

According to industry players, over 50 FMPs have exposure to Zee Group companies.

Pay up, make peace: Promoters make one-time settlements with banks on loans

Pay up, make peace: Promoters make one-time settlements with banks on loans

Rediff.com   5 Apr 2019

Lenders say settlements will cross over 100 accounts in the March quarter.

SC order on RBI circular: How it will hit banks

SC order on RBI circular: How it will hit banks

Rediff.com   3 Apr 2019

Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.

As businesses seek political certainty, there's sharp dip in capex

As businesses seek political certainty, there's sharp dip in capex

Rediff.com   3 Apr 2019

The elections held in April-May 2019 will be an important determinant of future growth and investment.

4 major debt resolution cases delayed further

4 major debt resolution cases delayed further

Rediff.com   1 Apr 2019

The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.