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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.
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
In April, the SBI board had approved funds raising of $2 billion through foreign currency bonds in 2023-24 in single or multiple tranches
Central bank keeps growth projection for FY24 unchanged at 6.5%
There were 1.81 billion pieces of Rs 2,000 bank notes in circulation as on March 31, comprising 1.3 per cent in total circulation in volume terms.
10-year bond yield climbs 4 basis points
The withdrawal process, which started on May 23, will continue until September 30, 2023
Surplus liquidity in banking system hits Rs 2.25 trn
Take a view of "reasonableness of charges" levied by banks, REs: RBI customer service panel
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance