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 16 - Manojit Saha
Bandhan Bank MD Ghosh asks staff not to worry over his resignation
When asked if there will be an interim CEO, he said the board will take necessary steps in the first week of July
 "Bandhan Bank MD Ghosh asks staff not to worry over his resignation")
Rising speculative bets stoke RBI crackdown on currency derivative
Volumes up 3x post Covid; 2/3rd participation by prop traders
 "Rising speculative bets stoke RBI crackdown on currency derivative")
Would like inflation elephant to return to forest, stay there: RBI Guv Das
RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts
 "Would like inflation elephant to return to forest, stay there: RBI Guv Das")
SFBs seek glide path from RBI to become universal banks citing eligibility
Lower priority sector lending norms would help in reducing cost
 "SFBs seek glide path from RBI to become universal banks citing eligibility")
How monetary transmission may hold key to policy stance, Das clarifies
The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause
 "How monetary transmission may hold key to policy stance, Das clarifies")
Will RBI change focus to growth after PM Narendra Modi's speech?
While the central bank has not hiked the repo rate for more than a year now, but it has refused to drop the guard on inflation even if core inflation has moderated
 "Will RBI change focus to growth after PM Narendra Modi's speech?")
PM asks RBI to consider innovative credit policies for youth in new sectors
PM attributes the banking sector's profitability and credit growth surge to the decade-long collaboration between his government and the RBI
 "PM asks RBI to consider innovative credit policies for youth in new sectors")
RBI's journey of 90 years: The building of India's financial fortress
Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai
 "RBI's journey of 90 years: The building of India's financial fortress")
Banks ready systems for capturing int'l credit card spends under LRS
Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000
 "Banks ready systems for capturing int'l credit card spends under LRS")
Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval
Kothari is chairman of DSP Asset Managers, an asset management company (AMC) with a wide range of active and passive funds managed across the risk-reward spectrum
 "Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval")
SROs must promote a culture of compliance among members, says RBI
The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs
 "SROs must promote a culture of compliance among members, says RBI")
Inflation still high and focus on minimising risk, says RBI report
Indicates 'significant per capita income shifts' underway
Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit
Strengthens top management with ex HDFC, Citi, Axis bankers
 "Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit")
RBI governor asks regulated entities to improve grievance redress mechanism
RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes
 "RBI governor asks regulated entities to improve grievance redress mechanism")
Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar
All concerns raised by the RBI pertain to operational and process-related matters, AK Purwar said
 "Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar")
Processing UPI transactions: Paytm's TPAP request awaits bank tie-ups
Discussions with PSP banks could take over a month to reach an agreement
 "Processing UPI transactions: Paytm's TPAP request awaits bank tie-ups")
Monitor end use of funds for business cards, says Reserve Bank of India
No need to approval for co-branded cards
 "Monitor end use of funds for business cards, says Reserve Bank of India")
RBI, Indonesia's central bank sign agreement for local currency trade
India's second such local currency trade agreement, after one with the UAE
 "RBI, Indonesia's central bank sign agreement for local currency trade")
Banks must give customers choice to select credit card network: RBI
Some arrangements between card networks and issuers are 'not conducive' for customers, it says
Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support
NBFC's stock falls another 20% after RBI bars it from disbursing gold loans
 "Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support")