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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.
The report noted the healthy balance sheets of banks and companies were brightening the prospects for the Indian economy
Working with industry, quickly building internal systems to facilitate LRS reporting, says lender
July 1 deadline extension not ruled out
Banks are particularly concerned about use of several cards and bank accounts to make a simple remittance
We are revamping our entire technology platform, almost there will be nothing in the bank which was there two years back, Pralay Mondal, MD & CEO of CSB Bank
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
"Inflation slowing down personal consumption expenditure"
'The real repo rate is still in an acceptable band around one'
In a Q&A, Jayanth Varma says while GDP growth may even surpass the forecast rate, he still thinks growth is fragile due to several factors
The rules allow banks not to insist on additional collateral security for such restructured loans
Mahendra Lodha appointed to take over his responsibilities
External members, however, point out high real rate, minutes show
Bankers said that RBI officials agreed on the issue of compensation but said such matters were decided by the government
'Our loans grew 18.5 per cent last year, which is above the market'
Debt restructuring to be allowed only if promoter changes
Increasing reach, rewards boost credit card spends
Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash
The Reserve Bank of India (RBI) has been active in the foreign exchange market in recent times and mopped up dollars to boost its foreign exchange reserves
Das says India likely to remain among the fastest growing economies this year
India's economic environment is positive and liquidity has become 'fairly benign', he says