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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NARCL's offer prices lower than the liquidation value, say bankers
PSBs say this is the reason for slow progress of NPA sale
 "NARCL's offer prices lower than the liquidation value, say bankers")
State Bank of India raises $600 million through dollar bonds
S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued
 "State Bank of India raises $600 million through dollar bonds")
Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023
Over $4 bn deals on the cards in Jan-Mar as trend continues
 "Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023")
RBI turns down Federal Bank MD & CEO extension request for one year
Bank need to submit fresh proposal of 2 candidates in order of preference
 "RBI turns down Federal Bank MD & CEO extension request for one year")
NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation
Sundar was with State Bank of India before taking charge at NARCL
 "NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation")
Home loans' share of retail segment decline to 47.2% in Nov, shows data
Unsecured loans extended by banks at Rs 15.35 trillion
 "Home loans' share of retail segment decline to 47.2% in Nov, shows data")
Future strategy is all about sustaining this growth: L&T Finance CEO
As far as retail growth is concerned, you would see the target was 25% growth, and we have consistently achieved more than 30% growth, he said
 "Future strategy is all about sustaining this growth: L&T Finance CEO")
Reserve Bank of India seeks to lower NNPA of banks for paying dividends
Draft proposes that net NPA ratio should be less than 6%
 "Reserve Bank of India seeks to lower NNPA of banks for paying dividends")
NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23
Recoveries via IBC were back to over 40% in FY23 after two lackluster years
 "NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23")
SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI
All banks would be able to meet the minimum regulatory common equity tier 1 (CET1) ratio of 5.5 per cent even under severe stress scenario
 "SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI")
Banks to remain well capitalised even under severe stress: RBI report
Bad loans from agri remain high at 7%
 "Banks to remain well capitalised even under severe stress: RBI report")
Financial sector set to see churn in 2024 with major leadership changes
Das will be the longest-serving RBI governor in almost seven decades once he completes his full term. A new govt that will be formed in May will take a call on extending his term further
 "Financial sector set to see churn in 2024 with major leadership changes")
Further strengthen balance sheets even if financials remain strong: RBI
GNPA ratio eases to 3.2% by end-Sept; central bank for further strengthening of balance sheets
 "Further strengthen balance sheets even if financials remain strong: RBI")
'Closer to where rates have to be cut to avoid excessive real interest'
Varma says that since monetary policy acts with lags of three to five quarters, rate actions must be based on projected inflation rather than past inflation prints. In an interview with Manojit Saha
 "'Closer to where rates have to be cut to avoid excessive real interest'")
Need to keep real rates at level to sustain virtuous cycle: Ashima Goyal
Ashima Goyal tells Manojit Saha in an email interview that the inflation rate does not necessarily have to fall to 4%, but it is essential to be confident that it will stay below 5%
 "Need to keep real rates at level to sustain virtuous cycle: Ashima Goyal")
MPC members voice concern over food inflation trajectory, show minutes
External members flag high real interest rates
 "MPC members voice concern over food inflation trajectory, show minutes")
RBI announces draft norms for setting up SROs, proposes to audit its books
SRO to inform the central bank on breach of norms by members
 "RBI announces draft norms for setting up SROs, proposes to audit its books")
Only 18% digital loan borrowers understand data privacy rules: Study
60% of them are worried about how personal data is collected and used by lending apps
 "Only 18% digital loan borrowers understand data privacy rules: Study")
Objective of durably aligning inflation with target far from assured
The target for the central bank is to maintain inflation at 4 per cent, with a band of 2 per cent on either side
Banks lead QIP revival in 2023: Listed cos raised Rs 53,070 cr so far
Seven lenders account for 40% of the Rs 53,070 crore raised via QIPs this year so far
 "Banks lead QIP revival in 2023: Listed cos raised Rs 53,070 cr so far")