Namrata Acharya And Abhijit Lele

Stories by Namrata Acharya And Abhijit Lele

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.

Dole-outs failed TMC in Bengal

Dole-outs failed TMC in Bengal

Rediff.com   26 May 2019

Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.

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.

'We have been dying a silent death for six years'

'We have been dying a silent death for six years'

Rediff.com   3 May 2019

'Neither the Centre nor the state is helping us, rather they are coming up with new ways to create stumbling blocks for the return of money.'

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.

How NBFC-MFIs managed to raise 26,200 crore in securitisation deals in FY19

How NBFC-MFIs managed to raise 26,200 crore in securitisation deals in FY19

Rediff.com   22 Apr 2019

One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs

Why sale of stressed assets by banks off to a slow start this year

Why sale of stressed assets by banks off to a slow start this year

Rediff.com   15 Apr 2019

Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.

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.

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.

Why bankers are cold to Modi's Main Bhi Chowkidar campaign

Why bankers are cold to Modi's Main Bhi Chowkidar campaign

Rediff.com   27 Mar 2019

AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.

Slow progress at debt recovery tribunals irks banks

Slow progress at debt recovery tribunals irks banks

Rediff.com   27 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.

Jet lenders mull open auction process

Jet lenders mull open auction process

Rediff.com   24 Mar 2019

Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.

Most lenders cool to funding cash-strapped Jet Airways

Most lenders cool to funding cash-strapped Jet Airways

Rediff.com   23 Mar 2019

After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.

Will banks bail out debt-laden Jet Airways?

Will banks bail out debt-laden Jet Airways?

Rediff.com   20 Mar 2019

Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.

Jet's crisis deepens as Etihad, lenders lock horns

Jet's crisis deepens as Etihad, lenders lock horns

Rediff.com   19 Mar 2019

Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan

Jet's woes may fly away in a week

Jet's woes may fly away in a week

Rediff.com   17 Mar 2019

Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.

'By 2022, India will need 20 million affordable houses'

'By 2022, India will need 20 million affordable houses'

Rediff.com   1 Mar 2019

/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.