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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Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval
Kothari is chairman of DSP Asset Managers, an asset management company (AMC) with a wide range of active and passive funds managed across the risk-reward spectrum
 "Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval")
SROs must promote a culture of compliance among members, says RBI
The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs
 "SROs must promote a culture of compliance among members, says RBI")
Inflation still high and focus on minimising risk, says RBI report
Indicates 'significant per capita income shifts' underway
Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit
Strengthens top management with ex HDFC, Citi, Axis bankers
 "Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit")
RBI governor asks regulated entities to improve grievance redress mechanism
RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes
 "RBI governor asks regulated entities to improve grievance redress mechanism")
Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar
All concerns raised by the RBI pertain to operational and process-related matters, AK Purwar said
 "Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar")
Processing UPI transactions: Paytm's TPAP request awaits bank tie-ups
Discussions with PSP banks could take over a month to reach an agreement
 "Processing UPI transactions: Paytm's TPAP request awaits bank tie-ups")
Monitor end use of funds for business cards, says Reserve Bank of India
No need to approval for co-branded cards
 "Monitor end use of funds for business cards, says Reserve Bank of India")
RBI, Indonesia's central bank sign agreement for local currency trade
India's second such local currency trade agreement, after one with the UAE
 "RBI, Indonesia's central bank sign agreement for local currency trade")
Banks must give customers choice to select credit card network: RBI
Some arrangements between card networks and issuers are 'not conducive' for customers, it says
 "Banks must give customers choice to select credit card network: RBI")
NPCI discusses means to grow UPI ahead december market cap deadline
NPCI owns and operates the Unified Payments Interface (UPI) platform
 "NPCI discusses means to grow UPI ahead december market cap deadline")
Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support
NBFC's stock falls another 20% after RBI bars it from disbursing gold loans
 "Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support")
Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans
Company has enough liquidity and there is no governance at play, says NBFC's managing director
 "Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans")
RBI bars JM Financial from financing against debentures and shares
Flags governance concerns; Order special audit
 "RBI bars JM Financial from financing against debentures and shares")
Bloomberg to add Indian bonds to emerging market indices in January 2025
Up to $3 bn inflows expected; they won't join Bloomberg Global Aggregate index
 "Bloomberg to add Indian bonds to emerging market indices in January 2025")
RBI bars IIFL Finance from sanctioning and disbursing gold loans
Move after no corrective action to address norm breach; ban to be reviewed after special audit; 2,721 gold loan branches manned by 15,000 employees
 "RBI bars IIFL Finance from sanctioning and disbursing gold loans")
Interoperability of internet banking system in 2024: RBI's Shaktikanta Das
Shaktikanta Das said there's considerable scope for expanding digital payments
 "Interoperability of internet banking system in 2024: RBI's Shaktikanta Das")
Fintechs raise UPI payment charging concerns with FM Nirmala Sitharaman
The MDR on UPI payments has been a longstanding demand from the fintech industry, asserting they don't generate revenue from such transactions
Any change in withdrawal stance will unsettle markets: Ashima Goyal
'Withdrawal' is now well understood to imply that the repo rate remains disinflationary and is aimed at bringing inflation towards the target, Goyal said
 "Any change in withdrawal stance will unsettle markets: Ashima Goyal")
Banks await RBI approval for appointing second whole-time director
Few need time as no regulatory approval yet for new CEO
 "Banks await RBI approval for appointing second whole-time director")