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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.
The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year
In the upcoming two/three quarters, the bank is looking to launch a revised version of its payment app, PayZapp
Analysts expect Paytm's business to be affected owing to the ban
'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.
There will be no material impact on Paytm's customer acquisition, Vijay Shekhar Sharma, chairman, Paytm Payments Bank and founder & CEO of Paytm, tells Manojit Saha
Resolution plan by April 30, but deadline can be stretched on request
The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold
The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.
Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.
Bond yields, on the other hand, remained elevated as crude oil prices hovered around $130 barrel.
In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion
The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar
Bankers said India should be extremely cautious before opening up trade with Russia amid sanctions as it should not be seen as funding Russian invasion of Ukraine.
Heavy dollar selling by Reserve Bank slows the pace of fall
The meeting between the banks and RBI comes amid reports that the government is exploring the option of reactivating the rupee-ruble trade between the two countries
The banking regulator has exempted the UCBs from both the norms.
Banks await RBI, govt's advisory on transactions with Russian companies
The rupee weakened 0.95 per cent against the dollar in February
The move is intended to harm Russian president Vladimir Putin's ability to finance the war
One way to deal with Russia is to reinforce the rupee-rouble account, advised bankers