)
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.
'Basically, IDFC FIRST Bank will become a widely held, diversified financial institution with a diversified set of shareholders'
Once the merger was announced in April 2022, for an initial period of time due to regulatory requirements we were not engaging with one another
32 committees; 6 months, 6 leaders ensured smooth integration
In a Q&A, Naveen Tahilyani explains how focussing on retail has paid off. He says he expects new business premium for the retail segment to grow at 30%
The bank will set up a grievance committee to hear the concerns of anyone who wishes to air their woes
The merger of HDFC with HDFC Bank created a banking behemoth with a market cap of $180 billion - the fourth largest bank in the world
Boards of both companies give their final approval for amalgamation
The journey will complete on July 1, 2023, the date on which the merger with HDFC Bank comes into effect
Parekh also touched upon the issue of work culture, which is seen as a crucial piece in any merger
Activity in block deals is seen as a precursor to growth in the IPO market, say bankers
Share of unsecured retail loans increased from 22.9% to 25.2%, shows data
The report noted the healthy balance sheets of banks and companies were brightening the prospects for the Indian economy
Working with industry, quickly building internal systems to facilitate LRS reporting, says lender
July 1 deadline extension not ruled out
Banks are particularly concerned about use of several cards and bank accounts to make a simple remittance
We are revamping our entire technology platform, almost there will be nothing in the bank which was there two years back, Pralay Mondal, MD & CEO of CSB Bank
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
"Inflation slowing down personal consumption expenditure"
'The real repo rate is still in an acceptable band around one'
In a Q&A, Jayanth Varma says while GDP growth may even surpass the forecast rate, he still thinks growth is fragile due to several factors