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 "Manojit Saha")
Manojit Saha is the Banking Editor at Business Standard based in Mumbai, tracking the financial sector for over two decades, with a focus on central bank and monetary policy making. He also contributed to Business Standard’s digital offering – The Banking Show – with interviews with business leaders, CEOs, and important policymakers. He anchored panel discussions comprising CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, Business Standard-IMGC India Mortgage Leadership Conclave, among others.
Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore
Banks reluctant to lend in money markets amid tight liquidity conditions
RBI's intervention policy unlikely to have changed
RBI showing greater tolerance for exchange rate under Governor Malhotra
The interaction is part of the pre-monetary policy consultations
'Committed to ensure rates are set so that micro lending is viable, gains are passed to clients'
In December, the restriction was lifted for Navi Finserv, and this month, it was removed for the remaining three NBFCs
The central bank is facing challenges on the currency front, which has been under pressure in the last few months
Despite the decline, India's foreign exchange reserves remain the fourth largest in the world
But stress tests show GNPA ratio of banks may rise under baseline scenario
The GNPA ratio for unsecured lending was marginally higher, at 1.7 per cent
Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024
He noted that RBI's focus remains steadfast on maintaining the stability of financial institutions and, more broadly, systemic stability while preserving financial stability to support higher growth
There are at least four important regulations awaiting the commercial banks that could impact their growth and profitability
The merchandise trade deficit increased to $75.3 billion in Q2 of 2024-25 from $64.5 billion during the same period last year
Banks' gross NPA ratio further falls to 2.5 per cent in Sep 2024
At the same time, banks resorted to borrowings at higher interest rates and increased deposit rates to bridge the credit-deposit growth gap in FY24
The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand
Says expanding the manufacturing sector could also help in containing inflationary pressures by enhancing the supply capacity
December marked the second policy review meeting for the external members, who have a fixed four-year term
