 "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 34 - Manojit Saha
Hindusthan National Glass lenders vote in favour of AGI Greenpac's plan
The voting on the resolution plans concluded on Thursday evening
 "Hindusthan National Glass lenders vote in favour of AGI Greenpac's plan")
Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset
Jaypee Infratech deal expected to close by early Nov
 "Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset")
Bank employees' unions call for restoration of old pension scheme
Submit charter of demand for wage revision as part of 12th bipartite settlement
 "Bank employees' unions call for restoration of old pension scheme")
Can't expect inflation to drop faster by raising rates: Jayanth R Varma
I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma
 "Can't expect inflation to drop faster by raising rates: Jayanth R Varma")
Headline inflation might have peaked in September, says RBI report
Fight against price rise could be 'dogged and prolonged'
 "Headline inflation might have peaked in September, says RBI report")
Sharp differences among MPC members on future interest rate hikes
The next review of the monetary policy committee is scheduled on December 5-7
 "Sharp differences among MPC members on future interest rate hikes")
Digital rupee likely to bring down cost of cross-border payments
The introduction of CBDC for cross-border remittances can bring down costs substantially
 "Digital rupee likely to bring down cost of cross-border payments")
MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off
RBI allows ARCs to bid for assets in IBC cases
The making of digital rupee: A deep dive into RBI's concept note
Establishing a CBDC issuance may come with significant fixed infrastructure costs, but subsequent marginal operating costs are likely to be very low
 "The making of digital rupee: A deep dive into RBI's concept note")
RBI unveils features of digital rupee, plans to launch pilot soon
The CBDC shall appear as a liability on the central bank's balance sheet
 "RBI unveils features of digital rupee, plans to launch pilot soon")
RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath
'Our view is that the transmission of interest rates is not as high as the need for credit demand for working capital and term loans. So we don't see that as a challenge'
 "RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath")
Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
The consortium had 270 days to fulfil all criteria required for the plan's implementation
 "Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital")
Debit card issuances pick up in FY23 after 7-month slowdown a year earlier
Banks issue 17 mn cards in first five months of current fiscal, up 30% from 13 mn cards in year-ago period; Customers prefer debit cards for small value transactions, says report
 "Debit card issuances pick up in FY23 after 7-month slowdown a year earlier")
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
 "Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ")
UPI transactions touch a record Rs 11.17 trillion in September, shows data
On a year-on-year (YoY) basis, volume of transactions was up 85.55 per cent and value of transactions was up 70.61 per cent during the same period.
 "UPI transactions touch a record Rs 11.17 trillion in September, shows data")
RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%
Inflation target retained at 6.7%; trajectory remains uncertain: Governor
 "RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%")
Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI
Das says RBI won't make public the communication on failure of achieving target to govt
 "Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI")
RBI expects inflation to come down to 4% over the next two years
RBI which announced the review of policy today, decided to increase the policy repo rate by 50 bps to 5.9%
 "RBI expects inflation to come down to 4% over the next two years")
Rupee trade: Two Russian banks get RBI nod for special vostro account
Trade between India and Russia started growing after the latter invaded Ukraine in late February
 "Rupee trade: Two Russian banks get RBI nod for special vostro account")
Amid falling staff strength, PSBs may soon start hiring on a monthly basis
From a peak of 886,490 in 2012-13, the staff strength in government banks fell to 770,800 in 2020-21
 "Amid falling staff strength, PSBs may soon start hiring on a monthly basis")