 "Manojit Saha")
Manojit Saha
Manojit Saha
Manojit Saha is the Banking Editor for Business Standard and is based in Mumbai. He has been tracking the financial sector for over two decades, with a focus on the Reserve Bank of India and monetary policy. He has also contributed to Business Standard's digital offering - The Banking Show - with interviews with business leaders, CEOs and key policy makers. He has anchored panel discussions between CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, and the Business Standard-IMGC India Mortgage Leadership Conclave, among others.
Manojit Saha is the Banking Editor for Business Standard and is based in Mumbai. He has been tracking the financial sector for over two decades, with a focus on the Reserve Bank of India and monetary policy. He has also contributed to Business Standard's digital offering - The Banking Show - with interviews with business leaders, CEOs and key policy makers. He has anchored panel discussions between CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, and the Business Standard-IMGC India Mortgage Leadership Conclave, among others.
Manojit Saha
A dovish pause: RBI holds steady, rate hike off the table in FY27
The RBI cited uncertainties around the monsoon, El Nino, geopolitics and global trade while opting to keep policy rates unchanged for a fourth meeting
 "A dovish pause: RBI holds steady, rate hike off the table in FY27")
Govt tweaks MFI credit guarantee rules to boost scheme utilisation
The government has eased norms under the microfinance credit guarantee scheme to boost fund flow to smaller lenders as utilisation of the ₹20,000-crore corpus remains low
 "Govt tweaks MFI credit guarantee rules to boost scheme utilisation")
HSBC leads in FCNR (B) deposit mobilisation with over $5 billion
HSBC has mobilised over $5 billion in FCNR(B) deposits under the RBI's swap scheme, leveraging its global network and expanding NRI banking presence in India
 "HSBC leads in FCNR (B) deposit mobilisation with over $5 billion")
RBI proposes stricter data governance framework for banks, NBFCs
The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight
 "RBI proposes stricter data governance framework for banks, NBFCs")
ATM cash-loading staff call strike in some states demanding wage revision
A strike by cash-loading staff of cash management companies may disrupt ATM cash replenishment in several states as workers press for higher wages
 "ATM cash-loading staff call strike in some states demanding wage revision")
FDI will gather pace in H2CY26, says Citi India CEO K Balasubramanian
Balasubramanian said the Reserve Bank of India's recent measures to attract foreign capital could bring as much as $75 billion in inflows
 "FDI will gather pace in H2CY26, says Citi India CEO K Balasubramanian")
SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy
SBI is the only domestic bank to participate in the loan syndication
 "SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy")
StanChart shuts 20 India branches, sharpens focus on wealth management
The development comes as the British lender is turning its focus toward advisory-led services like wealth management
 "StanChart shuts 20 India branches, sharpens focus on wealth management")
Rajiv Kumar's biggest task: Restoring investor confidence in HDFC Bank
HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation
 "Rajiv Kumar's biggest task: Restoring investor confidence in HDFC Bank")
Jana Capital downgrade unlikely to have bearing on Jana Small Finance Bank
Sources said there is no cross-default linkage between the debt of Jana Small Finance Bank and Jana Capital, with the holding company continuing to pare its stake in the lender
 "Jana Capital downgrade unlikely to have bearing on Jana Small Finance Bank")
FPIs' debt appetite surpasses equity exit in June on RBI, govt measures
Foreign investors pumped a net Rs 55,518 crore into debt in June, exceeding equity outflows, as RBI and government measures boosted the appeal of Indian government bonds
 "FPIs' debt appetite surpasses equity exit in June on RBI, govt measures")
US-Iran deal has shifted risk balance 'favourably': RBI's report
Fx volatility may rise if oil prices spike due to supply chain risks
 "US-Iran deal has shifted risk balance 'favourably': RBI's report")
Bank NPAs fell in March; may rise under baseline case: RBI report
RBI's Financial Stability Report shows bank NPAs fell to record lows in March, though stress tests indicate a modest rise under the baseline scenario by March 2028
 "Bank NPAs fell in March; may rise under baseline case: RBI report")
Remain alert to external, domestic risks: RBI governor Sanjay Malhotra
Preserving financial stability more important than ever, says RBI governor Sanjay Malhotra
 "Remain alert to external, domestic risks: RBI governor Sanjay Malhotra")
With leverage available, FCNR (B) scheme remains attractive: P D Singh
Standard Chartered expects strong FCNR(B) inflows from key overseas centres as RBI's latest measures boost foreign currency deposits and cross-border banking
 "With leverage available, FCNR (B) scheme remains attractive: P D Singh")
Banks wait & watch as dollar-bond investors seek richer returns
Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender
 "Banks wait & watch as dollar-bond investors seek richer returns")
Weak monsoon may cloud growth-inflation dynamics: RBI's June Bulletin
Recent policy measures likely to push up sovereign debt demand
 "Weak monsoon may cloud growth-inflation dynamics: RBI's June Bulletin")
Foreign currency inflows to support domestic liquidity: RBI's MPC member
The growth-inflation outlook remains clouded despite easing West Asia tensions, with risks from food prices and supply chains, says Bhattacharya
 "Foreign currency inflows to support domestic liquidity: RBI's MPC member")
SBI raises its FCNR (B) game with 9x leverage play under RBI scheme
SBI rolled out a 9x leverage facility under RBI's FCNR(B) scheme as India's forex reserves fell sharply on lower gold valuations
 "SBI raises its FCNR (B) game with 9x leverage play under RBI scheme")
Minutes of June MPC meet: Members wary of generalisation of inflation
RBI Monetary Policy Committee members highlighted risks of inflation becoming broad-based and stressed uncertainty around growth and prices due to the West Asia conflict