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 19 - Manojit Saha
Inflation needs to align with target by 2nd quarter: RBI monthly bulletin
Report says priority for FY25 is to sustain growth momentum of at least 7%
 "Inflation needs to align with target by 2nd quarter: RBI monthly bulletin")
Food inflation can potentially impact headline: RBI monthly bulletin
Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said
 "Food inflation can potentially impact headline: RBI monthly bulletin")
Commercial banks rushing to ramp up presence in temple town of Ayodhya
The town has been buzzing with business activities since the temple construction started following the Supreme Court's permission in November 2019. The opening is scheduled for January 22
 "Commercial banks rushing to ramp up presence in temple town of Ayodhya")
CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor
Observing that headline inflation substantially eased from the elevated level seen in the summer of 2022, Das said price momentum was easing across core goods and services
 "CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor")
Q3 results: HDFC Bank posts Rs 16,373 crore profit for Sept-Dec 2023
Provisions Rs 1,200 cr against AIF exposure
 "Q3 results: HDFC Bank posts Rs 16,373 crore profit for Sept-Dec 2023")
HDFC Bank offloads its entire 4.31 per cent stake in Bandhan Bank
Srinivasan Vaidyanathan, Chief Financial Officer of HDFC Bank, has confirmed the development in the post-earnings media call without divulging any details
RBI releases draft norms for fintech self-regulatory organisations
Proposes that entities should have robust IT infra, ability to deploy tech solutions within reasonable time
 "RBI releases draft norms for fintech self-regulatory organisations")
World Economic Forum: Davos-bound squad aims to turn spotlight on India
Top honchos from India Inc, finance, govt heading to the World Economic Forum
 "World Economic Forum: Davos-bound squad aims to turn spotlight on India")
RBI deputy governor Michael Patra gets another 1-year extension
Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India
 "RBI deputy governor Michael Patra gets another 1-year extension")
NARCL's offer prices lower than the liquidation value, say bankers
PSBs say this is the reason for slow progress of NPA sale
 "NARCL's offer prices lower than the liquidation value, say bankers")
State Bank of India raises $600 million through dollar bonds
S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued
 "State Bank of India raises $600 million through dollar bonds")
Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023
Over $4 bn deals on the cards in Jan-Mar as trend continues
 "Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023")
RBI turns down Federal Bank MD & CEO extension request for one year
Bank need to submit fresh proposal of 2 candidates in order of preference
 "RBI turns down Federal Bank MD & CEO extension request for one year")
NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation
Sundar was with State Bank of India before taking charge at NARCL
 "NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation")
Home loans' share of retail segment decline to 47.2% in Nov, shows data
Unsecured loans extended by banks at Rs 15.35 trillion
 "Home loans' share of retail segment decline to 47.2% in Nov, shows data")
Future strategy is all about sustaining this growth: L&T Finance CEO
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
 "Future strategy is all about sustaining this growth: L&T Finance CEO")
Reserve Bank of India seeks to lower NNPA of banks for paying dividends
Draft proposes that net NPA ratio should be less than 6%
 "Reserve Bank of India seeks to lower NNPA of banks for paying dividends")
NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23
Recoveries via IBC were back to over 40% in FY23 after two lackluster years
 "NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23")
SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI
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
 "SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI")
Banks to remain well capitalised even under severe stress: RBI report
Bad loans from agri remain high at 7%
 "Banks to remain well capitalised even under severe stress: RBI report")