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.
Page 31 - Manojit Saha/undefined
Finance ministry pulls up PSBs over mis-selling of insurance products
Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business
 "Finance ministry pulls up PSBs over mis-selling of insurance products")
RBI opts for smaller repo rate hike of 35 bps, hints at more to come
Main risk is core inflation remaining sticky: Governor
 "RBI opts for smaller repo rate hike of 35 bps, hints at more to come")
Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly
Wholesale segment averages Rs 325 crore per day in November
 "Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly")
CBDC versus the rest: Can RBI's digital currency replace physical cash?
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them
Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far
Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets
 "Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far")
'Our gross NPAs may fall below 8% this FY if there's NARCL resolution'
'After coming out of four years of losses, we want to grow qualitatively'
 "'Our gross NPAs may fall below 8% this FY if there's NARCL resolution'")
Retail CBDC a game-changer, should improve monetary transmission: SBI chief
Anonymity factor is critical for its acceptance, asserts Dinesh Khara
 "Retail CBDC a game-changer, should improve monetary transmission: SBI chief")
e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot
Aims to involve 50,000 merchants, customers in the next few days
 "e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot")
ESMA deadlock: European regulator's interference unfortunate, says RBI DG
"Potential disruption to the forex markets can be serious"
 "ESMA deadlock: European regulator's interference unfortunate, says RBI DG")
Retail e-rupee pilot begins tomorrow: Here's what you can expect from it
The transactions using the retail CBDC can be both person-to-person as well as person-to-merchant, and payments can be made using QR codes shown at merchant locations
CBDC more anonymous than traditional e-transactions: IDFC First Bank CEO
In CBDC, the core banking will have a one-time debit for currency purchase, but all subsequent transactions, which move from wallet to wallet
 "CBDC more anonymous than traditional e-transactions: IDFC First Bank CEO")
Indian govt allows Lankans to hold $10,000 worth of rupee in cash
SL banks must open nostro accounts with Indian banks
 "Indian govt allows Lankans to hold $10,000 worth of rupee in cash")
HDFC Bank, Canara Bank get RBI approval for rupee trade with Russia
Three others got permission earlier, but no deal so far
Expect 25% slippages from restructured book: South Indian Bank MD & CEO
The bank is targeting double digit growth, Murali Ramakrishnan, MD & CEO of South Indian Bank said
 "Expect 25% slippages from restructured book: South Indian Bank MD & CEO")
Outward remittances under liberalised remittance scheme jump 50% in H1
During the second quarter of FY23, remittances stood at $7.3 billion, compared to $5.2 billion a year ago
 "Outward remittances under liberalised remittance scheme jump 50% in H1")
Economy resilient, on track to grow at about 7% in FY23: RBI report
Headline inflation showing signs of easing, it says
 "Economy resilient, on track to grow at about 7% in FY23: RBI report")
RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns
Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets
Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern
Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs
 "Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern")
'Not possible to do away with repossession agents': Mahindra Finance MD
'Specialised people' needed to ensure loan defaulters don't cheat company, says Ramesh Iyer in interview
 "'Not possible to do away with repossession agents': Mahindra Finance MD")
What does Nobel laureate Douglas Diamond think of dominance of PSBs?
Business Standard's Veenu Sandhu & Manojit Saha speaks to Prof Douglas Diamond, who won the 2022 Nobel Prize in Economics, on how banks can brace themselves amidst concerns of a recession and more
 "What does Nobel laureate Douglas Diamond think of dominance of PSBs?")
