)
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.
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.
As far as retail growth is concerned, you would see the target was 25% growth, and we have consistently achieved more than 30% growth, he said
Draft proposes that net NPA ratio should be less than 6%
Recoveries via IBC were back to over 40% in FY23 after two lackluster years
All banks would be able to meet the minimum regulatory common equity tier 1 (CET1) ratio of 5.5 per cent even under severe stress scenario
Bad loans from agri remain high at 7%
Das will be the longest-serving RBI governor in almost seven decades once he completes his full term. A new govt that will be formed in May will take a call on extending his term further
GNPA ratio eases to 3.2% by end-Sept; central bank for further strengthening of balance sheets
Varma says that since monetary policy acts with lags of three to five quarters, rate actions must be based on projected inflation rather than past inflation prints. In an interview with Manojit Saha
Ashima Goyal tells Manojit Saha in an email interview that the inflation rate does not necessarily have to fall to 4%, but it is essential to be confident that it will stay below 5%
External members flag high real interest rates
SRO to inform the central bank on breach of norms by members
60% of them are worried about how personal data is collected and used by lending apps
The target for the central bank is to maintain inflation at 4 per cent, with a band of 2 per cent on either side
Seven lenders account for 40% of the Rs 53,070 crore raised via QIPs this year so far
Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its profit this financial year, and that would increase capital adequacy ratio by 140 bps
Chairman Khara says corporate loan sanction pipeline is at Rs 4.7 trn
During his five-year tenure, the banking sector has become resilient, improving profitability and maintaining healthy capital
Role involves oversight of all group companies and other responsibilities
Tarun discusses strategies to boost sales in the remaining months of this financial year, with introduction of new products
MPC holds repo rate at 6.5% but maintains tight stance as inflation remains a concern