 "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.
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Increased provision on CET1 for loan loss to be phased out: RBI paper
The RBI will introduce an ECL approach for loan loss for banks, as compared to the incurred loss approach at present, one year after announcing the final guidelines
 "Increased provision on CET1 for loan loss to be phased out: RBI paper")
Focus must stay on core inflation, says RBI governor Shaktikanta Das
Banks developed culture of prudence; corporate loan demand to pick up
 "Focus must stay on core inflation, says RBI governor Shaktikanta Das")
RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents
On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents
 "RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents")
Interest rates nearly peaked, may go up by another 25 bps: UCO Bank CEO
Soma Sankara Prasad, managing director and chief executive officer of the Kolkata-based lender in an interview that he expects strong interest for the rupee trade from several nations
 "Interest rates nearly peaked, may go up by another 25 bps: UCO Bank CEO")
BS poll: Rupee seen range bound, widening current account deficit a risk
Renewed overseas flows to provide support
 "BS poll: Rupee seen range bound, widening current account deficit a risk")
Worst year for rupee since 2013 despite surpassing Turkish lira, UK pound
RBI's intervention caused foreign reserves to decline by $70 billion in 2022, lowest in at least 22 years; worst show by bonds since 2009 on sustained repo rate hike
 "Worst year for rupee since 2013 despite surpassing Turkish lira, UK pound")
Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
 "Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das")
Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI
FSR shows lenders can absorb shocks without capital infusion
 "Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI")
Extraterritorial reach of regulators weakens domestic stability: RBI
Discussions with foreign regulators positive
 "Extraterritorial reach of regulators weakens domestic stability: RBI")
Monetary policy making: 2022 was year of reset, 2023 could be a long pause
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
 "Monetary policy making: 2022 was year of reset, 2023 could be a long pause")
Banks' balance sheet grows in double digits after 7 years: RBI report
Gross NPA slips to 5%; regulator flags slippages from recast accounts
 "Banks' balance sheet grows in double digits after 7 years: RBI report")
CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case
Videocon founder sent to custody till December 28, along with ex-ICICI Bank CEO Chanda Kochhar and her husband
 "CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case")
Govt green bonds can be a gauge for pvt sector fundraise: RBI Dy Governor
'Heartening to see banks increasing green exposure'
 "Govt green bonds can be a gauge for pvt sector fundraise: RBI Dy Governor")
BFSI Summit: Credit growth not exuberant, shows economic strength, says Das
'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'
 "BFSI Summit: Credit growth not exuberant, shows economic strength, says Das")
MPC members voice different views on interest rate and stance: RBI minutes
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
We want to address concentration risk in our home ground: J&K Bank chief
In a Q&A, Baldev Prakash dwells on the lender's plan to bring down NPAs and raise Rs 500 cr in equity by the end of FY23
 "We want to address concentration risk in our home ground: J&K Bank chief")
Finance ministry pulls up PSBs over mis-selling of insurance products
Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business
 "Finance ministry pulls up PSBs over mis-selling of insurance products")
RBI opts for smaller repo rate hike of 35 bps, hints at more to come
Main risk is core inflation remaining sticky: Governor
 "RBI opts for smaller repo rate hike of 35 bps, hints at more to come")
Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly
Wholesale segment averages Rs 325 crore per day in November
 "Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly")
CBDC versus the rest: Can RBI's digital currency replace physical cash?
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them