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 21 - Manojit Saha
Excess SLR holdings reason for RBI's comfort on Abhyudaya Co-operative Bank
The gross NPA ratio of the bank is around 12 per cent, and the regulator aims to bring it down to 8 per cent through sustained recovery efforts
 "Excess SLR holdings reason for RBI's comfort on Abhyudaya Co-operative Bank")
Business as usual for Abhyudaya Cooperative Bank on Tuesday: Official
On Sunday, 21 branches of the bank were opened which did not see any unusual rush
 "Business as usual for Abhyudaya Cooperative Bank on Tuesday: Official")
Biz trajectory remains intact, committed to achieving targets: RBL Bank CEO
Our bank had a total capital adequacy ratio of 17.07 per cent and Tier-I (entirely CET1) of 15.15 per cent as on September 30, 2023 (inclusive of profits for the half year), he says
 "Biz trajectory remains intact, committed to achieving targets: RBL Bank CEO")
Deposits safe, RBI confident of fixing Abhyudaya Co-op Bank's governance
Lender was under regulatory watch for about 2 yrs, had ignored RBI red flags
Rupee closes at new low of 83.38 vs $; most Asian currencies weaken
Rupee closed the day at 83.38 against the dollar as compared to previous close of 83.34 per dollar, which is also a previous closing low
 "Rupee closes at new low of 83.38 vs $; most Asian currencies weaken")
UCO fraud fallout: FinMin to meet PSB chiefs next week on cyber security
According to sources aware of the development, the ministry has asked banks to review their digital systems and cybersecurity-related measures
 "UCO fraud fallout: FinMin to meet PSB chiefs next week on cyber security")
Songs, cricket metaphors: RBI governor's way of conveying complex issues
Das has often cited the example of Arjuna's eye to communicate that the central bank is completely focused on bringing down inflation
 "Songs, cricket metaphors: RBI governor's way of conveying complex issues")
Product mix, distribution strategies to help regain market share: LIC chief
Mohanty discusses a range of issues from product launches to the digital transformation journey that it has embarked upon
 "Product mix, distribution strategies to help regain market share: LIC chief")
Banks set to increase interest rates on unsecured loans and NBFCs
Demand to slow down post rate increase
 "Banks set to increase interest rates on unsecured loans and NBFCs")
RBI tightens norms, raises risk weights for personal loans and credit cards
Loans likely to become dearer; marginal impact on bank's capital adequacy ratio
 "RBI tightens norms, raises risk weights for personal loans and credit cards")
Will do corporate biz only to grow on retail front: PNB Housing Finance CEO
Girish Kousgi, MD & CEO of PNB Housing Finance says the plan is to grow the loan book by 17% and disbursement by 22-23% in the current financial year
 "Will do corporate biz only to grow on retail front: PNB Housing Finance CEO")
RBI bars Bajaj Finance from lending under eCOM, Insta EMI Card products
Bajaj Finance says no material impact; to review KFS
 "RBI bars Bajaj Finance from lending under eCOM, Insta EMI Card products")
Jaiprakash Associates signs agreement to partly repay dues to ICICI Bank
The bank will get Rs 366 cr from firm
 "Jaiprakash Associates signs agreement to partly repay dues to ICICI Bank")
HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on
Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring
 "HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on")
HDFC Bank 2.0 under Sashidhar Jagdishan: Steady beginning, miles to go
HDFC Bank, under Jagdishan, took the challenge head on and went on war footing to plug the gaps
 "HDFC Bank 2.0 under Sashidhar Jagdishan: Steady beginning, miles to go")
No plan to enter banking sector: Mobikwik co-founder, CEO Bipin Preet Singh
Singh indicates that an initial public offering (IPO) is on the cards
 "No plan to enter banking sector: Mobikwik co-founder, CEO Bipin Preet Singh")
RBI plans to bar outsourcing of know-your customer compliance norms
A draft circular on Managing Risks and Code of Conduct in Outsourcing of Financial Services, released by the regulator, has stated this intention
 "RBI plans to bar outsourcing of know-your customer compliance norms")
RBI directs private banks to have at least two wholetime directors
Banks that don't meet requirement get 4 months
 "RBI directs private banks to have at least two wholetime directors")
General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu
SBI General Insurance is a multi-product and multi-channel distribution network, said Poludasu
 "General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu")
RBI Governor Shaktikanta Das cautions against large supply shocks
External member Goyal says increase risk weight, LTV rather interest rates to restrain over-enthusiasm
 "RBI Governor Shaktikanta Das cautions against large supply shocks")