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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HDFC-HDFC Bank merger: On global stage today, $180 bn banking giant
Boards of both companies give their final approval for amalgamation
 "HDFC-HDFC Bank merger: On global stage today, $180 bn banking giant")
Home loan pioneer finds a new home: HDFC journey will complete on July 1
The journey will complete on July 1, 2023, the date on which the merger with HDFC Bank comes into effect
 "Home loan pioneer finds a new home: HDFC journey will complete on July 1")
Deepak Parekh passes the baton to 'Sashi' with 'hope and anticipation'
Parekh also touched upon the issue of work culture, which is seen as a crucial piece in any merger
 "Deepak Parekh passes the baton to 'Sashi' with 'hope and anticipation'")
$3.9 billion: Block deals gain momentum in June, hit three-year high
Activity in block deals is seen as a precursor to growth in the IPO market, say bankers
 "$3.9 billion: Block deals gain momentum in June, hit three-year high")
Pace of retail loan growth double of total advances, says RBI report
Share of unsecured retail loans increased from 22.9% to 25.2%, shows data
 "Pace of retail loan growth double of total advances, says RBI report")
Banks' gross NPAs at a decade low of 3.9%: Financial Stability Report
The report noted the healthy balance sheets of banks and companies were brightening the prospects for the Indian economy
 "Banks' gross NPAs at a decade low of 3.9%: Financial Stability Report")
TCS on global credit cards: HDFC Bank says clearing real-time checks tough
Working with industry, quickly building internal systems to facilitate LRS reporting, says lender
 "TCS on global credit cards: HDFC Bank says clearing real-time checks tough")
TCS on foreign remittances: FinMin evaluates issues flagged by banks
July 1 deadline extension not ruled out
 "TCS on foreign remittances: FinMin evaluates issues flagged by banks")
Banks seek clarification from govt before TCS on credit cards kicks in
Banks are particularly concerned about use of several cards and bank accounts to make a simple remittance
 "Banks seek clarification from govt before TCS on credit cards kicks in")
Want to be mid-sized bank with pan-India presence by 2030: CSB Bank chief
We are revamping our entire technology platform, almost there will be nothing in the bank which was there two years back, Pralay Mondal, MD & CEO of CSB Bank
 "Want to be mid-sized bank with pan-India presence by 2030: CSB Bank chief")
Inflation is slowing down personal consumption expenditure: RBI report
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
 "Inflation is slowing down personal consumption expenditure: RBI report")
Rupee turning out to be the most stable currency, says RBI report
"Inflation slowing down personal consumption expenditure"
 "Rupee turning out to be the most stable currency, says RBI report")
6.5% is below our potential or desirable rate of growth: Ashima Goyal
'The real repo rate is still in an acceptable band around one'
 "6.5% is below our potential or desirable rate of growth: Ashima Goyal")
Expect real repo rate to stay elevated for a while: MPC external member
In a Q&A, Jayanth Varma says while GDP growth may even surpass the forecast rate, he still thinks growth is fragile due to several factors
 "Expect real repo rate to stay elevated for a while: MPC external member")
Manipur crisis prompts state to invoke RBI's riot relief measures
The rules allow banks not to insist on additional collateral security for such restructured loans
 "Manipur crisis prompts state to invoke RBI's riot relief measures")
RBI asks PTC Indian Financial Services' CEO Pawan Singh to go on leave
Mahendra Lodha appointed to take over his responsibilities
 "RBI asks PTC Indian Financial Services' CEO Pawan Singh to go on leave")
RBI governor Das says job half done as MPC focuses on 4% inflation target
External members, however, point out high real rate, minutes show
 "RBI governor Das says job half done as MPC focuses on 4% inflation target")
Chairman posts vacant in six of 11 public sector banks, some for two years
Bankers said that RBI officials agreed on the issue of compensation but said such matters were decided by the government
 "Chairman posts vacant in six of 11 public sector banks, some for two years")
Profit trajectory to continue despite ECL regime impact: BoB MD & CEO
'Our loans grew 18.5 per cent last year, which is above the market'
 "Profit trajectory to continue despite ECL regime impact: BoB MD & CEO")
Wilful defaulters may get loan after five years of compromise settlement
Debt restructuring to be allowed only if promoter changes
 "Wilful defaulters may get loan after five years of compromise settlement")
