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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Canara Bank Q3 results: PAT up 26.86% at Rs 3,656 cr driven by loan growth
Net Interest Margins (NIM) for the third quarter stood at 3.03 per cent, compared to 3 per cent in the previous quarter and 3.05 per cent in the same period last year
 "Canara Bank Q3 results: PAT up 26.86% at Rs 3,656 cr driven by loan growth")
Profitability issues to be fully sorted in next 5 yrs: IDFC First Bank CEO
He says that the recent Reserve Bank of India norms on increased risk weights on unsecured loans impacted the capital adequacy ratio by 100 bps
 "Profitability issues to be fully sorted in next 5 yrs: IDFC First Bank CEO")
Private bank profits see impact of alternate investment fund provisions
Higher risk weights on unsecured loans deplete capital
 "Private bank profits see impact of alternate investment fund provisions")
Holidays, live telecast of Ram Mandir event: Stage set for a Ramayana redo
The excitement around the Ram Mandir consecration is building up and it's spreading across the country - from housing societies, temples to schools
 "Holidays, live telecast of Ram Mandir event: Stage set for a Ramayana redo")
Inflation needs to align with target by 2nd quarter: RBI monthly bulletin
Report says priority for FY25 is to sustain growth momentum of at least 7%
 "Inflation needs to align with target by 2nd quarter: RBI monthly bulletin")
India is emerging global leader in GCC, says RBI monthly bulletin
GCCs are offshore units of multinational corporations that operate across the globe
Food inflation can potentially impact headline: RBI monthly bulletin
Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said
 "Food inflation can potentially impact headline: RBI monthly bulletin")
Commercial banks rushing to ramp up presence in temple town of Ayodhya
The town has been buzzing with business activities since the temple construction started following the Supreme Court's permission in November 2019. The opening is scheduled for January 22
 "Commercial banks rushing to ramp up presence in temple town of Ayodhya")
CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor
Observing that headline inflation substantially eased from the elevated level seen in the summer of 2022, Das said price momentum was easing across core goods and services
 "CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor")
Q3 results: HDFC Bank posts Rs 16,373 crore profit for Sept-Dec 2023
Provisions Rs 1,200 cr against AIF exposure
 "Q3 results: HDFC Bank posts Rs 16,373 crore profit for Sept-Dec 2023")
HDFC Bank offloads its entire 4.31 per cent stake in Bandhan Bank
Srinivasan Vaidyanathan, Chief Financial Officer of HDFC Bank, has confirmed the development in the post-earnings media call without divulging any details
RBI releases draft norms for fintech self-regulatory organisations
Proposes that entities should have robust IT infra, ability to deploy tech solutions within reasonable time
 "RBI releases draft norms for fintech self-regulatory organisations")
World Economic Forum: Davos-bound squad aims to turn spotlight on India
Top honchos from India Inc, finance, govt heading to the World Economic Forum
 "World Economic Forum: Davos-bound squad aims to turn spotlight on India")
RBI deputy governor Michael Patra gets another 1-year extension
Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India
 "RBI deputy governor Michael Patra gets another 1-year extension")
NARCL's offer prices lower than the liquidation value, say bankers
PSBs say this is the reason for slow progress of NPA sale
 "NARCL's offer prices lower than the liquidation value, say bankers")
State Bank of India raises $600 million through dollar bonds
S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued
 "State Bank of India raises $600 million through dollar bonds")
Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023
Over $4 bn deals on the cards in Jan-Mar as trend continues
 "Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023")
RBI turns down Federal Bank MD & CEO extension request for one year
Bank need to submit fresh proposal of 2 candidates in order of preference
 "RBI turns down Federal Bank MD & CEO extension request for one year")
NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation
Sundar was with State Bank of India before taking charge at NARCL
 "NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation")
Home loans' share of retail segment decline to 47.2% in Nov, shows data
Unsecured loans extended by banks at Rs 15.35 trillion
 "Home loans' share of retail segment decline to 47.2% in Nov, shows data")
