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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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
 "India to overcome Covid-19 pandemic losses by FY35, says RBI report")
Feasible GDP growth over the medium term is 6.5-8.5%, says RBI paper
Price stability is a necessary precondition for strong and sustainable growth, it adds
 "Feasible GDP growth over the medium term is 6.5-8.5%, says RBI paper")
Axis Bank Q4 net rises 54% at Rs 4,118 cr; net interest income up 17%
Provisioning dropped to Rs 987 cr, down from Rs 2,167 cr during the same period of the previous year
 "Axis Bank Q4 net rises 54% at Rs 4,118 cr; net interest income up 17%")
Bond yields fall 14 bps on less hawkish stance by monetary policy committee
Fall in global crude oil prices also leads to a sharp decline in bond yields
 "Bond yields fall 14 bps on less hawkish stance by monetary policy committee")
Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma
'The markets should not assume we will guide them, because the data is coming without warning', said Varma
 "Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma")
MPC panel to get a new face: Rajiv Ranjan likely to replace Mridul Saggar
Rajiv Ranjan likely to replace Mridul Saggar in rate-setting panel
Russia-Ukraine conflict can hurt growth prospects too: MPC minutes
Policy making has to be nuanced and nimble, says RBI governor Shaktikanta Das
Majority of Future Retail secured creditors reject Reliance deal
Shareholders, unsecured creditors back the proposal
 "Majority of Future Retail secured creditors reject Reliance deal")
Future Group lenders reject slump sale proposal to Reliance Retail
Cite 'uncertainty over the entire proposition' for rejecting the proposal
 "Future Group lenders reject slump sale proposal to Reliance Retail")
Indian economy not immune to negative externalities, says RBI report
Spurring private investment key for sustainable growth the report adds
 "Indian economy not immune to negative externalities, says RBI report")
Govt plans regulator for skill gaming industry to curb money laundering
The government is also reviewing the extant legal framework for the online skill gaming industry
 "Govt plans regulator for skill gaming industry to curb money laundering")
Experts see four rate hikes in FY23, beginning June: BS Poll of economists
Nearly 7% retail inflation in March may spur policy tightening
 "Experts see four rate hikes in FY23, beginning June: BS Poll of economists")
Bond yields continue to harden; rupee goes past 76 to a dollar
On Tuesday, the yield on the 10-year benchmark government bond advanced 5 basis points (bps) to close the day at 7.19 % - close to a three-year high
KYC norms likely for online skill gamers to curb money laundering
If platforms facilitating online gaming with stakes are brought within the PMLA's purview, such companies would have to follow the know your customer (KYC) norms while onboarding users
 "KYC norms likely for online skill gamers to curb money laundering")
Monetary policy: RBI to revisit KYC rules after digital lending fraud
RBI Governor Shaktikanta Das said the RBI actions on KYC rules have to be in consonance with the Prevention of Money Laundering Act (PMLA)
Sensitive to the West's sanctions against Russia, says RBI governor
No decision yet on Rupee-Rouble trade
 "Sensitive to the West's sanctions against Russia, says RBI governor")
Monetary policy: RBI shifts gaze to inflation from growth after 2 years
Sets stage for rate hikes after June policy amid high oil prices, yields
 "Monetary policy: RBI shifts gaze to inflation from growth after 2 years")
Reserve Bank of India nod to banks to open digital banking units
The banking regulator has mandated minimum products and services that banks must offer in these DBUs
 "Reserve Bank of India nod to banks to open digital banking units")
Bandhan endeavours to be a holistic financial services group: Karni S Arha
The market-share drop is temporary in nature; it is a reflection of the interest rate, equity market, and the overall business environment
 "Bandhan endeavours to be a holistic financial services group: Karni S Arha")
Banks miss Rs 50,000 crore bad loan transfer deadline of March 31 to NARCL
A total of 38 non-performing accounts - amounting to Rs 82,845 crore - were identified for transfer to NARCL, in a phased manner
 "Banks miss Rs 50,000 crore bad loan transfer deadline of March 31 to NARCL")
