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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'RBI rate hike was moderate as CRR was also raised': Ashima Goyal
Monetary policy committee says decision to cut repo rate was at the correct time.
 "'RBI rate hike was moderate as CRR was also raised': Ashima Goyal")
Prices of food items continuing to increase in May, says RBI report
"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-based increase," the report said.
 "Prices of food items continuing to increase in May, says RBI report")
Rupee hits another all-time low of 77.56/$ amid high crude oil prices
Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.
 "Rupee hits another all-time low of 77.56/$ amid high crude oil prices")
Liquidity mop-up from secondary market resumes amid rising bond yields
According to latest data, the RBI has conducted open market operations in the last week of April and in the first week of May
 "Liquidity mop-up from secondary market resumes amid rising bond yields")
Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO
Sanjiv Chadha, in an interview with Manojit Saha, says it was a conscious decision not to chase corporate loans and focused on segments offering higher margins
 "Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO")
Bank of Baroda registers net profit of Rs 1,779 crore in March quarter
IPO of the bank's life insurance arm, IndiaFirst Life, likely this financial yr
 "Bank of Baroda registers net profit of Rs 1,779 crore in March quarter")
RBI's gold reserves up over 100 tonnes in the last two years, shows data
As at end-March 2022, the Reserve Bank held 760.42 tonnes of gold, including gold deposits of 11.08 tonnes
 "RBI's gold reserves up over 100 tonnes in the last two years, shows data")
Rupee hits a fresh intra-day low, cuts losses as RBI intervenes
Gold reserves increase by over 100 tonnes in two years
 "Rupee hits a fresh intra-day low, cuts losses as RBI intervenes")
Cost-income ratio will come down for IDFC First, says CEO Vaidyanathan
Lender sees growth in new gold loan business and it is scaling up wealth management unit, he says
 "Cost-income ratio will come down for IDFC First, says CEO Vaidyanathan")
Bond yields drop as RBI seen reversing Covid period rate cut
The yield on the 10-year benchmark government bond fell almost 9 bps to end the day at 7.21 per cent
 "Bond yields drop as RBI seen reversing Covid period rate cut")
RBI steps in to stem rupee fall, defends 77.50 per dollar level
Sources said the RBI aims to maintain foreign exchange reserves of $600 billion in such uncertain times
 "RBI steps in to stem rupee fall, defends 77.50 per dollar level")
Rupee likely to hit 78 per dollar by May-end; hits fresh all-time low
The previous all-time low was hit on March 7, when the rupee ended the day at 76.97 to a dollar
 "Rupee likely to hit 78 per dollar by May-end; hits fresh all-time low")
Rupee hits all-time low; foreign exchange reserves below $600 billion
Double-digit BoP deficit seen in FY23, says Standard Chartered
 "Rupee hits all-time low; foreign exchange reserves below $600 billion")
Eye on target: Fears of high inflation prompted RBI's off-cycle meeting
Growth forecast was cut to 7.2 per cent, from 7.8 per cent for FY23. Both forecasts were made assuming crude oil prices at $100/bbl
Bond yield shoots up; another interest rate hike likely in June
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
 "Bond yield shoots up; another interest rate hike likely in June")
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
 "RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps")
Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC
The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters
RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
 "RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm")
Fino Payments Bank holdco tweaks rule on voting day to eject bank chief
The resolution to reappoint Mahendra Kumar Chouhan and Punita Kumar-Sinha was voted down by 80% of shareholders, which included 100% of the promoter group
 "Fino Payments Bank holdco tweaks rule on voting day to eject bank chief")
India to overcome Covid-19 pandemic losses by FY35, says RBI report
6.5-8.5% is the feasible range for medium-term steady state GDP growth in India
