Manojit Saha
 "Manojit Saha")
Manojit Saha
Manojit Saha is the Banking Editor at Business Standard based in Mumbai, tracking the financial sector for over two decades, with a focus on central bank and monetary policy making. He also contributed to Business Standard’s digital offering – The Banking Show – with interviews with business leaders, CEOs, and important policymakers. He anchored panel discussions comprising CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, Business Standard-IMGC India Mortgage Leadership Conclave, among others.
Manojit Saha is the Banking Editor at Business Standard based in Mumbai, tracking the financial sector for over two decades, with a focus on central bank and monetary policy making. He also contributed to Business Standard’s digital offering – The Banking Show – with interviews with business leaders, CEOs, and important policymakers. He anchored panel discussions comprising CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, Business Standard-IMGC India Mortgage Leadership Conclave, among others.
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FirstRand Bank mulls taking the subsidiary route in India
The bank is present in various African countries, including Nigeria, as well as in the UK, Dubai, Australia and China
FirstRand Bank mulls WoS route
May be the maiden foreign lender to adopt the wholly-owned subsidiary route
Subsidiaries may not guarantee near-national treatment for foreign banks
Reciprocity clause likely to prevent liberal branch expansion
 "Subsidiaries may not guarantee near-national treatment for foreign banks")
Will consider re-engaging if specialised licences offered: Aashish Kamat
Interview with MD & CEO, India, UBS AG
 "Will consider re-engaging if specialised licences offered: Aashish Kamat")
SBI classifies its Rs 250 cr of dues as bad loans
About 12 other lenders with combined exposure of Rs 1,200 cr likely to follow
 "SBI classifies its Rs 250 cr of dues as bad loans")
RBI to overhaul debt recovery process: Rajan
Measures in next few weeks to ensure fair recovery of distressed loans; Rajan keeps market guessing on rate cut
 "RBI to overhaul debt recovery process: Rajan")
Green shoots visible: FM to investors
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue
 "Green shoots visible: FM to investors")
Foreign lenders wait for better clarity
Stamp duty relaxation does not find any mention in central bank's framework for setting up a Wholly-Owned Subsidiary
 "Foreign lenders wait for better clarity")
FinMin brings back lateral transfer of CMDs in govt banks
Ashwini Kumar may move to BoB; 6 EDs identified to fill up vacancies in FY15
Easing liquidity situation causes shift in money market
Short-term rates move towards repo level, CP issuances set to get a boost
 "Easing liquidity situation causes shift in money market")
RBI may have more role for Nachiket
Buzz is getting louder that the former banker is in line to be RBI deputy governor
 "RBI may have more role for Nachiket")
Jalan panel to finish vetting bank licence bids in 3 months
RBI is checking the primary eligibility of the 26 applicants. Once the process is completed, comments will be passed on to the Bimal Jalan panel
Bank of Baroda's Q2 net down 10% on higher provisions
Provisions were up 33% y-o-y at Rs 860 crore
 "Bank of Baroda's Q2 net down 10% on higher provisions")
Bank licence: RBI may miss deadline
RBI digs out more info on promoters to vet 'fit & proper'
 "Bank licence: RBI may miss deadline")
FinMin relaxes norms for CMD jobs in PSBs
As per new guidelines, candidate needs to complete one year as executive director to become eligible for chairman and managing director
 "FinMin relaxes norms for CMD jobs in PSBs")
Rajan prepares ground for rate hike on stubborn inflation
Central bank may opt for a cut in MSF rate as rupee stabilizes
 "Rajan prepares ground for rate hike on stubborn inflation")
Rupee erases early losses
Market participants say rupee to stabilise around the current levels
 "Rupee erases early losses")
Loan recast hits roadblock as promoters fail to contribute
Lack of consensus among banks leading to rejections
 "Loan recast hits roadblock as promoters fail to contribute")
Rupee close to one week high
Gains 55 paise in early trade, with the dollar coming under pressure across the globe
 "Rupee close to one week high")
Rupee gains on better than expected CAD numbers
Currency recorded close to 5% gain in Sept
 "Rupee gains on better than expected CAD numbers")