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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Russia-Ukraine crisis: Rupee rebounds as risk sentiments improve
The rupee has been one of the worst performing Asian currencies in 2022
 "Russia-Ukraine crisis: Rupee rebounds as risk sentiments improve")
We shouldn't restrict our ability to respond: External member of RBI's MPC
The Ukraine situation is a shock both to growth and to inflation, and it is too early to say which of these two shocks will be bigger, says Jayanth R Varma
 "We shouldn't restrict our ability to respond: External member of RBI's MPC")
Rupee sinks 109 paise, worst in Asia; RBI intervenes to reduce volatility
Rupee may breach 76/$ if geopolitical tensions persist
 "Rupee sinks 109 paise, worst in Asia; RBI intervenes to reduce volatility")
Foreign exchange hedging cost rises after RBI dollar-rupee swap plan
One-year dollar-rupee forward premia closes at 4.19%
 "Foreign exchange hedging cost rises after RBI dollar-rupee swap plan")
ATM cash withdrawals are coming back steadily, and so is deployment
ATMs to touch 365,000 by 2027, more in semi-urban, rural areas
 "ATM cash withdrawals are coming back steadily, and so is deployment")
Five years after demonetisation, high value notes comprise 85.7% of total
The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years
 "Five years after demonetisation, high value notes comprise 85.7% of total")
Finance ministry floats four-tier plan for PSB staff accountability
Move comes at a time when banks are reluctant to lend fearing probe
 "Finance ministry floats four-tier plan for PSB staff accountability")
Two-thirds of the bank is run from Mumbai, says AU SFB's Sanjay Agarwal
AU SFB MD & CEO Sanjay Agarwal says some clean up is expected in the third and fourth quarters, which will help in reducing NPAs
 "Two-thirds of the bank is run from Mumbai, says AU SFB's Sanjay Agarwal")
As economy settles in, Shaktikanta Das has 6 challenges in second term
The central bank will have to revive credit growth, drain liquidity and keep inflation on hold: that's just the beginning of his tasks.
 "As economy settles in, Shaktikanta Das has 6 challenges in second term")
RBI Monetary Policy October 2021 report: 10 Key Takeaways
The RBI's monetary policy report has pegged GDP growth at 7.8% for FY23, assuming normal monsoon and full Covid vaccination. Let's take a look at the 10 most important takeaways from the report
RBI monetary policy: Report pegs FY23's economic growth at 7.8%
Survey shows inflation to soften further
 "RBI monetary policy: Report pegs FY23's economic growth at 7.8%")
Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei
The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group
 "Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei")
Shaktikanta Das continues to sound dovish, but hints at normalisation
The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
 "Shaktikanta Das continues to sound dovish, but hints at normalisation")
RBI-appointed Srei administrator assures job security to employees
Group to restart business soon; to focus on recovery
 "RBI-appointed Srei administrator assures job security to employees")
Banks' rejection of debt recast turns into a deathblow for SREI
The SREI Group firms' business has been badly hit due to Covid; SREI mulls legal recourse over RBI's decision to supersede Group firms' boards
After RBI's move, card networks may raise rates for tokenisation services
National Payment Council of India chairman says, 'If the networks charge heavily the entire system will fail'
 "After RBI's move, card networks may raise rates for tokenisation services")
We keep looking at meaningful growth opportunities: Suryoday SFB CEO
Amid reports of merger talks with an NBFC, R Baskar Babu says Suryoday SFB is always open for both organic and inorganic growth opportunities
 "We keep looking at meaningful growth opportunities: Suryoday SFB CEO")
RBI deputy governor Patra sees FY22 inflation at 5.7% or lower
Economists say RBI likely to revise inflation forecast downward in October policy
 "RBI deputy governor Patra sees FY22 inflation at 5.7% or lower")
Amid rise in Mudra loan NPAs, finmin to meet PSB CEOs to take stock
Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad
 "Amid rise in Mudra loan NPAs, finmin to meet PSB CEOs to take stock")
LIC letter forbids employees from commenting on upcoming mega IPO
Only the company's chairman and four managing directors are allowed to comment on the offer expected this financial year.
 "LIC letter forbids employees from commenting on upcoming mega IPO")
