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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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")
Banks seek RBI's clarification on fresh funding to wilful defaulters
Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash
 "Banks seek RBI's clarification on fresh funding to wilful defaulters")
Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa
The Reserve Bank of India (RBI) has been active in the foreign exchange market in recent times and mopped up dollars to boost its foreign exchange reserves
 "Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa")
Disinflation process may be slow, protracted: RBI governor Shaktikanta Das
Das says India likely to remain among the fastest growing economies this year
 "Disinflation process may be slow, protracted: RBI governor Shaktikanta Das")
IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain
India's economic environment is positive and liquidity has become 'fairly benign', he says
 "IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain")
SBI gets board approval to raise Rs 50,000 crore through bonds in FY24
In April, the SBI board had approved funds raising of $2 billion through foreign currency bonds in 2023-24 in single or multiple tranches
 "SBI gets board approval to raise Rs 50,000 crore through bonds in FY24")
Monetary policy: RBI maintains status quo, turns hawkish on inflation
Central bank keeps growth projection for FY24 unchanged at 6.5%
 "Monetary policy: RBI maintains status quo, turns hawkish on inflation")
Half of Rs 2,000 banknotes in circulation back in system: RBI Governor
There were 1.81 billion pieces of Rs 2,000 bank notes in circulation as on March 31, comprising 1.3 per cent in total circulation in volume terms.
 "Half of Rs 2,000 banknotes in circulation back in system: RBI Governor")
RBI monetary policy review: Focus back on primary target; inflation at 4%
10-year bond yield climbs 4 basis points
Around 35% of Rs 2,000 currency notes deposited or exchanged so far
The withdrawal process, which started on May 23, will continue until September 30, 2023
 "Around 35% of Rs 2,000 currency notes deposited or exchanged so far")
Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy
Surplus liquidity in banking system hits Rs 2.25 trn
 "Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy")
Bring bank charges under supervisory purview: RBI customer service panel
Take a view of "reasonableness of charges" levied by banks, REs: RBI customer service panel
 "Bring bank charges under supervisory purview: RBI customer service panel")
MPC likely to hit pause again on repo rate: Business Standard Poll
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance
 "MPC likely to hit pause again on repo rate: Business Standard Poll")
RBI announces draft cyber security norms for payment system operators
Seeks feedback on draft norms from payment system operators by June 30
SBI Life to take over 200,000 policies of Sahara India Life Insurance
SBI Life, which has 990 branches across the country, serves 49,036,079 policyholders
 "SBI Life to take over 200,000 policies of Sahara India Life Insurance")
DCB Bank forms committee, begins search for successor to CEO Natarajan
Natarajan, who was appointed in May 2009, will complete 15 years at the helm on April 28, 2024
 "DCB Bank forms committee, begins search for successor to CEO Natarajan")
Liquidity surplus crosses Rs 1.75 trillion-mark on higher govt spending
The process to withdraw the Rs 2,000 note started from May 23
 "Liquidity surplus crosses Rs 1.75 trillion-mark on higher govt spending")
Rs 500 note tightens hold as most circulated currency, show RBI data
The number of counterfeit notes in the Indian banking system marginally declined in 2022-23 compared with the previous financial year
 "Rs 500 note tightens hold as most circulated currency, show RBI data")
Bank frauds dip further in FY23, private lenders report maximum cases
However, total amount scammed from state-run banks higher than private
 "Bank frauds dip further in FY23, private lenders report maximum cases")
Growth momentum to hold amid easing inflation, says RBI annual report
At the same time, India's growth momentum is likely to be sustained in FY24 in an atmosphere of easing inflationary pressures, the RBI said in its annual report for 2022-23, released on Tuesday
