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.
Page 14 - Manojit Saha
RBI plans regulations to bolster financial sector, says annual report
Measures to be more principle-based rather than entity-oriented
 "RBI plans regulations to bolster financial sector, says annual report")
'Climate shocks' add uncertainty to inflation outlook: RBI annual report
Central bank highlights trading risks and, high reliance on bulk deposits of banks
 "'Climate shocks' add uncertainty to inflation outlook: RBI annual report")
RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance
ECL has been accused of not maintaining arm's length with other group companies
US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre
Dollar sale also helped; Such high surplus likely to be one-off
 "US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre")
Windfall for govt as RBI transfers record Rs 2.1 trillion for FY24
Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%
Inflation seen closer to target in FY26: RBI's state of the economy report
The report says there is a growing optimism that India is on the cusp of a long-awaited economic take-off
 "Inflation seen closer to target in FY26: RBI's state of the economy report")
RBI in talks with Sebi to allow mutual funds to sell debt to ARCs
ARCs are not allowed to buy debts from MFs currently
 "RBI in talks with Sebi to allow mutual funds to sell debt to ARCs")
Ujjivan SFB board to decide universal bank transition timelines in FY25
Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023
 "Ujjivan SFB board to decide universal bank transition timelines in FY25")
Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO
Ramachandran says it is at least two years before the lender considers becoming a universal bank
 "Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO")
The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA
The agency also downgraded the long-term rating to C from B on a Rs 15.61 crore loan
 "The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA")
PSB loan growth lags industry; cautious approach to protect margins
According to RBI, the share of external benchmark linked loans (EBLR) in total outstanding floating rate loans increased to 56.2 per cent as at end-December 2023 from 49.6 per cent in March 2023
 "PSB loan growth lags industry; cautious approach to protect margins")
RBI set to meet ARCs on May 17; may discuss borrowing, settlement process
At present, there are no regulatory mechanisms in place for such funding
 "RBI set to meet ARCs on May 17; may discuss borrowing, settlement process")
RBI urges gold loan NBFCs to strictly comply with norms amid biz surge
RBI took stock of the gold loan business of non-banking finance companies after one of them - IIFL Finance faced regulatory restriction for violating norms
 "RBI urges gold loan NBFCs to strictly comply with norms amid biz surge")
India Inc including NBFCs files ECB intent worth $7.73 billion in March
Amongst prominent companies which filed intent include private steel producer JSW Steel - $ 900 million, public sector power sector unit NTPC - $ 745.2 million and Power Finance Corporation - $ 450 mn
 "India Inc including NBFCs files ECB intent worth $7.73 billion in March")
Lok Sabha elections 2024: Phase-IV records 63% voting among 96 seats
Polling in Srinagar highest since 1996 Lok Sabha elections at 37%
 "Lok Sabha elections 2024: Phase-IV records 63% voting among 96 seats")
Have restrained ourselves from taking SFB route: CreditAccess Grameen MD
Hebbar tells that it is diversifying its loan portfolio by increasing the share of non-micro loans and the liability book by raising funds internationally
 "Have restrained ourselves from taking SFB route: CreditAccess Grameen MD")
RBI project finance norms: Will absorb additional provision, says SBI chief
Provision buffer of Rs 33, 000 crore sufficient for ECL norms
 "RBI project finance norms: Will absorb additional provision, says SBI chief")
RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan
NBFCs are required to maintain a Loan-to-Value (LTV) ratio not exceeding 75 per cent for loans granted against the collateral of gold jewellery
 "RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan")
RBI removes restrictions on BoB app, allows new customer enrollment
Bank will now on-board customers through mobile app
 "RBI removes restrictions on BoB app, allows new customer enrollment")
Commercial banks for 1-2% project finance provisioning; RBI proposed 5%
Industry sees short-term pain
 "Commercial banks for 1-2% project finance provisioning; RBI proposed 5%")