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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.
Post merger, Jagdishan aims to double business every 4 years
Bengaluru is worst-affected city, even as it continues to top start-up fundraising
CPI-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation
OilMin writes to Department of Financial Services to end impasse
Axis Bank, the fourth-largest, is closing the gap with ICICI Bank after the Citi acquisition with 12.46 million cards
The lender has registered over 1 lakh customers and 1.7 lakh merchants under CBDC pilot programme
It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark
RBI move aimed end exclusive tie-up with card networks
Capital account convertibility is not a pre-condition for internationalisation of rupee
'Basically, IDFC FIRST Bank will become a widely held, diversified financial institution with a diversified set of shareholders'
Once the merger was announced in April 2022, for an initial period of time due to regulatory requirements we were not engaging with one another
32 committees; 6 months, 6 leaders ensured smooth integration
In a Q&A, Naveen Tahilyani explains how focussing on retail has paid off. He says he expects new business premium for the retail segment to grow at 30%
The bank will set up a grievance committee to hear the concerns of anyone who wishes to air their woes
The merger of HDFC with HDFC Bank created a banking behemoth with a market cap of $180 billion - the fourth largest bank in the world
Boards of both companies give their final approval for amalgamation
The journey will complete on July 1, 2023, the date on which the merger with HDFC Bank comes into effect
Parekh also touched upon the issue of work culture, which is seen as a crucial piece in any merger
Activity in block deals is seen as a precursor to growth in the IPO market, say bankers
Share of unsecured retail loans increased from 22.9% to 25.2%, shows data