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 27 - Manojit Saha
RBI deputy governor's post: Five bankers to face interview on June 1
RBI Deputy Governor M K Jain's term will end on June 21, 2023 after a five-year tenure
 "RBI deputy governor's post: Five bankers to face interview on June 1")
LIC Q4 net rises fivefold to Rs 13,428 cr, net premium income dips 8.3%
The value of new business (VNB) margin for 2022-23 was 16.2 per cent (net) as compared to 15.1 per cent (net) in the previous year
 "LIC Q4 net rises fivefold to Rs 13,428 cr, net premium income dips 8.3%")
Inflation momentum turning out to be softer than anticipated: RBI report
Q1 GDP to be driven by private consumption, rural demand
 "Inflation momentum turning out to be softer than anticipated: RBI report")
Share of Rs 500 note touched 70% post-demonetisation, shows RBI data
Rs 2,000 bank notes seeing the sharpest fall to 13.8 per cent by the end of FY22 and to 10.8 per cent by March 2023
 "Share of Rs 500 note touched 70% post-demonetisation, shows RBI data")
No form, ID needed to exchange Rs 2,000 currency note: State Bank of India
Banks ask ATM operators to withdraw such notes from cash-dispensing machines
 "No form, ID needed to exchange Rs 2,000 currency note: State Bank of India")
Only Centre has the power to withdraw legal tender: Ex-Dy RBI governor
'We should not call it as demonetisation because it is still a legal tender', says R Gandhi
 "Only Centre has the power to withdraw legal tender: Ex-Dy RBI governor")
RBI withdraws Rs 2,000 notes from circulation, to remain legal tender
Up to Rs 20,000 exchange allowed at a time until September 30
 "RBI withdraws Rs 2,000 notes from circulation, to remain legal tender")
RBI approves Rs 87,416-crore surplus transfer to govt for 2022-23
The Union Budget for this year estimated the surplus from the central bank, public sector banks, and financial institutions at Rs 48,000 crore
 "RBI approves Rs 87,416-crore surplus transfer to govt for 2022-23")
Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara
Non-NPA provisions of bank over Rs 35,500 crore
 "Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara")
Goldman Sachs sees remittances keeping CAD lower in 2023: Report
Despite an improved external situation, Goldman expects rupee to underperform Asian peers
 "Goldman Sachs sees remittances keeping CAD lower in 2023: Report")
Will expand product offerings; add users, merchants in FY24: MobiKwik COO
'FY24 will be a big year for us. We want to be profitable in all quarters - and for the full financial year'
 "Will expand product offerings; add users, merchants in FY24: MobiKwik COO")
HDFC Bank to roll out e-distribution network, cover 50K more villages
There are 40-45 banking services like account opening, fixed deposits, loans that could be offered through the digital platform
 "HDFC Bank to roll out e-distribution network, cover 50K more villages")
India's foreign exchange reserves decline by $2.1 billion to $584.2 billion
Gold reserves dropped by Rs 24 million to Rs 46.151 billion, the RBI said
 "India's foreign exchange reserves decline by $2.1 billion to $584.2 billion")
Rupee continues to make gains against dollar for 2nd consecutive month
Rupee, after depreciating 11 per cent in 2022, has seen its fortune swinging in 2023 as it has gained 1.1 per cent against the dollar
 "Rupee continues to make gains against dollar for 2nd consecutive month")
Govt appoints Siddhartha Mohanty as chairman of LIC till June 2024
Appoints Mohanty chairman until June 29, 2024; he'll then take over as MD & CEO
 "Govt appoints Siddhartha Mohanty as chairman of LIC till June 2024")
Axis Bank reports Rs 5,728-crore loss in Q4 on Citi biz acquisition
Barring the deal, Q4 net profit jumps 61% to Rs 6,625 crore
 "Axis Bank reports Rs 5,728-crore loss in Q4 on Citi biz acquisition")
Looking closely at banks' business models: RBI governor Shaktikanta Das
Talking about operational resilience, Das said banks need effective policies regarding cyber risks
 "Looking closely at banks' business models: RBI governor Shaktikanta Das")
AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal
Banking will completely shift from brick-and-mortar to online in some 10 years, he says
 "AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal")
HDFC Life Q4 net profit flat at Rs 358.6 crore; net premium rises 36%
The first year premium during the first quarter was Rs 4467 crore as compared to Rs 2575 crore - an increase of 73.5%
 "HDFC Life Q4 net profit flat at Rs 358.6 crore; net premium rises 36%")
Home loan borrowers turn to refinancing amid rise in interest rates
Lenders cut spread to attract new customers
 "Home loan borrowers turn to refinancing amid rise in interest rates")