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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.
But stress tests show GNPA ratio of banks may rise under baseline scenario
He noted that RBI's focus remains steadfast on maintaining the stability of financial institutions and, more broadly, systemic stability while preserving financial stability to support higher growth
There are at least four important regulations awaiting the commercial banks that could impact their growth and profitability
The merchandise trade deficit increased to $75.3 billion in Q2 of 2024-25 from $64.5 billion during the same period last year
Banks' gross NPA ratio further falls to 2.5 per cent in Sep 2024
At the same time, banks resorted to borrowings at higher interest rates and increased deposit rates to bridge the credit-deposit growth gap in FY24
The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand
Says expanding the manufacturing sector could also help in containing inflationary pressures by enhancing the supply capacity
December marked the second policy review meeting for the external members, who have a fixed four-year term
We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said
While there is speculation about what Malhotra's first move will be amid slowing growth and elevated inflation, let's take a look at the rate actions of the previous four RBI governors
Outgoing RBI Governor Shaktikanta Das hoped that there would be a nationwide roll-out of Unified Lending Interface
Sanjay Malhotra takes charge as 26th RBI governor at a time when headline retail inflation has shot up to 6.2%
Maintains neutral stance; sets stage for Feb rate action
Spends are 20% higher than traditional cards
Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown
Options under consideration include absorbing non-banking financial company (NBFC) into bank, pursuing a public listing, or reducing its shareholding in NBFC below a specified threshold
May cut cash reserve ratio, lower growth and inflation projections
Country's largest lender ups the ante for resources with two new schemes set to launch this month
RBI restricted co-brand partners' role to distribution only