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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Banks cautious on lending to stressed MSMEs due to NPA classification rules
Seek measures like leeway in 90-day NPA classification
 "Banks cautious on lending to stressed MSMEs due to NPA classification rules")
Union Bank Q1 results: Net profit up 13.7% on healthy growth in fee income
Gross advances increased by 11.46 per cent year-on-year and total deposits grew by 8.52 per cent year-on-year. The total business as of June 30 was Rs 21.36 trillion
 "Union Bank Q1 results: Net profit up 13.7% on healthy growth in fee income")
'Every silver lining has a cloud': RBI as veg price rise halts disinflation
Move towards 4% target should provide signal for monetary policy to respond
 "'Every silver lining has a cloud': RBI as veg price rise halts disinflation")
Neutral rate raised on shift in potential output, says RBI bulletin
Estimate of 1.4-1.9% increase for Q4FY24 sparks debate about possible policy repo rate cut
 "Neutral rate raised on shift in potential output, says RBI bulletin")
RBI calls on lenders to hear borrowers before declaring account fraud
Move follows SC ruling for complying with principles of natural justice
 "RBI calls on lenders to hear borrowers before declaring account fraud")
Commercial banks in India step up their control to check 'mule' fraud
0.5-1% of new accounts opened by mules
 "Commercial banks in India step up their control to check 'mule' fraud")
RBI red flags 'lakhs' of accounts used for fraud and evergreening
Says nudging NBFCs to enhance disclosure quality
 "RBI red flags 'lakhs' of accounts used for fraud and evergreening")
168 million workforce added since FY18, 46.6 million in FY24: RBI data
RBI data shows services sector absorbing those moving out of agriculture
 "168 million workforce added since FY18, 46.6 million in FY24: RBI data")
Commercial banks turn cautious on lending to smaller microfinance players
Lenders wary after recent RBI guidelines on higher risk weighting for unsecured loans
 "Commercial banks turn cautious on lending to smaller microfinance players")
HDFC Bank's loan book shrinks in June quarter, deposits flat sequentially
The deposit book as of June 30 was Rs 23.79 trillion, almost flat compared to the previous quarter. Deposit growth was 16.5 per cent year-on-year, excluding the impact of the merger
 "HDFC Bank's loan book shrinks in June quarter, deposits flat sequentially")
Balancing act: Can the new HDFC Bank regain its pre-merger old glory
After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward
Banks' gross NPA ratio falls below 3%, a first since 2012: RBI report
Lenders set to meet minimum capital need even under severe stress
 "Banks' gross NPA ratio falls below 3%, a first since 2012: RBI report")
RBI Governor Das cautions against tech-led disruptions in financial system
Matrix of financial stability at its best, challenge is to improve, says Das
 "RBI Governor Das cautions against tech-led disruptions in financial system")
BS Poll: Majority sees neutral interest rate between 1% to less than 2%
A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend
 "BS Poll: Majority sees neutral interest rate between 1% to less than 2%")
'Too high real repo rate could have adverse effects on demand, supply'
Repo rate cannot affect food prices. So, keeping it above equilibrium will not lead to faster disinflation. A positive real repo rate is adequate to anchor inflation expectations, says Ashima Goyal
 "'Too high real repo rate could have adverse effects on demand, supply'")
RBI's MPC minutes: External members make a strong case for rate cut
Internal members cite high food for status quo
 "RBI's MPC minutes: External members make a strong case for rate cut")
Growth is important, but not at cost of unacceptable risks: RBI governor
Business models designed for profitability could contain vulnerabilities that may not be apparent, says Shaktikanta Das
 "Growth is important, but not at cost of unacceptable risks: RBI governor")
Budget wishlist: MFIs seek equity support, govt guarantee for bank loans
Sa-dhan has also suggested a special fund for the northeastern states in view of the unrest in Manipur, which has hit micro lenders that extended loans in the state
 "Budget wishlist: MFIs seek equity support, govt guarantee for bank loans")
Trend upshift in growth post pandemic, rises to 8% in 2021-24: RBI report
Strong revival in pvt investment imp for growth
Muthoot Finance diversifying loan book to make customers 'stick': MD
Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot
 "Muthoot Finance diversifying loan book to make customers 'stick': MD")
