 "Manojit Saha")
Manojit Saha
Manojit Saha
Manojit Saha is the Banking Editor for Business Standard and is based in Mumbai. He has been tracking the financial sector for over two decades, with a focus on the Reserve Bank of India and monetary policy. He has also contributed to Business Standard's digital offering - The Banking Show - with interviews with business leaders, CEOs and key policy makers. He has anchored panel discussions between CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, and the Business Standard-IMGC India Mortgage Leadership Conclave, among others.
Manojit Saha is the Banking Editor for Business Standard and is based in Mumbai. He has been tracking the financial sector for over two decades, with a focus on the Reserve Bank of India and monetary policy. He has also contributed to Business Standard's digital offering - The Banking Show - with interviews with business leaders, CEOs and key policy makers. He has anchored panel discussions between CEOs from banking, insurance, NBFCs and fintech industry for the Business Standard BFSI Insight Summit, and the Business Standard-IMGC India Mortgage Leadership Conclave, among others.
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RBI's MPC minutes: External members make a strong case for rate cut
Internal members cite high food for status quo
 "RBI's MPC minutes: External members make a strong case for rate cut")
Growth is important, but not at cost of unacceptable risks: RBI governor
Business models designed for profitability could contain vulnerabilities that may not be apparent, says Shaktikanta Das
 "Growth is important, but not at cost of unacceptable risks: RBI governor")
Budget wishlist: MFIs seek equity support, govt guarantee for bank loans
Sa-dhan has also suggested a special fund for the northeastern states in view of the unrest in Manipur, which has hit micro lenders that extended loans in the state
 "Budget wishlist: MFIs seek equity support, govt guarantee for bank loans")
Trend upshift in growth post pandemic, rises to 8% in 2021-24: RBI report
Strong revival in pvt investment imp for growth
Muthoot Finance diversifying loan book to make customers 'stick': MD
Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot
 "Muthoot Finance diversifying loan book to make customers 'stick': MD")
Capital SFB aims to comply with conversion norms in 12-18 months
Capital SFB is not yet eligible to apply for a conversion to a universal bank because of net non-performing ratio
 "Capital SFB aims to comply with conversion norms in 12-18 months")
RBI maintains status quo, raises FY25 GDP growth forecast to 7.2%
Economists see shallow rate cut in Oct-Dec quarter
 "RBI maintains status quo, raises FY25 GDP growth forecast to 7.2%")
Bajaj Housing Finance board approves IPO to raise Rs 4,000 crore
The IPO would include a sale of shares by existing shareholders
 "Bajaj Housing Finance board approves IPO to raise Rs 4,000 crore")
Why small finance banks are in no hurry to become universal banks
The fear of rejection is real. Many of the SFBs are listed on the exchanges. They are aware that no new universal bank licence has been granted in the last 10 years
 "Why small finance banks are in no hurry to become universal banks")
Tracking the rise of Reserve Bank of India's physical gold reserves
In the annual report for 2023-24, RBI has said - of the 514.07 metric tonne of gold held as asset of Banking Department, 100.28 metric tonnes held in India and 413.79 metric tonnes held abroad
 "Tracking the rise of Reserve Bank of India's physical gold reserves")
Rs 500 note now 86.5% of currency in circulation by value: RBI report
The increase in the share of the Rs 500 note coincides with the declining share of the Rs 2000 note, which was only 0.2 per cent at the end of FY23
 "Rs 500 note now 86.5% of currency in circulation by value: RBI report")
RBI plans regulations to bolster financial sector, says annual report
Measures to be more principle-based rather than entity-oriented
'Climate shocks' add uncertainty to inflation outlook: RBI annual report
Central bank highlights trading risks and, high reliance on bulk deposits of banks
 "'Climate shocks' add uncertainty to inflation outlook: RBI annual report")
RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance
ECL has been accused of not maintaining arm's length with other group companies
US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre
Dollar sale also helped; Such high surplus likely to be one-off
 "US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre")
Windfall for govt as RBI transfers record Rs 2.1 trillion for FY24
Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%
Inflation seen closer to target in FY26: RBI's state of the economy report
The report says there is a growing optimism that India is on the cusp of a long-awaited economic take-off
 "Inflation seen closer to target in FY26: RBI's state of the economy report")
RBI in talks with Sebi to allow mutual funds to sell debt to ARCs
ARCs are not allowed to buy debts from MFs currently
 "RBI in talks with Sebi to allow mutual funds to sell debt to ARCs")
Ujjivan SFB board to decide universal bank transition timelines in FY25
Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023
 "Ujjivan SFB board to decide universal bank transition timelines in FY25")
Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO
Ramachandran says it is at least two years before the lender considers becoming a universal bank
 "Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO")