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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Manipur crisis prompts state to invoke RBI's riot relief measures
The rules allow banks not to insist on additional collateral security for such restructured loans
 "Manipur crisis prompts state to invoke RBI's riot relief measures")
RBI asks PTC Indian Financial Services' CEO Pawan Singh to go on leave
Mahendra Lodha appointed to take over his responsibilities
 "RBI asks PTC Indian Financial Services' CEO Pawan Singh to go on leave")
RBI governor Das says job half done as MPC focuses on 4% inflation target
External members, however, point out high real rate, minutes show
 "RBI governor Das says job half done as MPC focuses on 4% inflation target")
Chairman posts vacant in six of 11 public sector banks, some for two years
Bankers said that RBI officials agreed on the issue of compensation but said such matters were decided by the government
 "Chairman posts vacant in six of 11 public sector banks, some for two years")
Profit trajectory to continue despite ECL regime impact: BoB MD & CEO
'Our loans grew 18.5 per cent last year, which is above the market'
 "Profit trajectory to continue despite ECL regime impact: BoB MD & CEO")
Wilful defaulters may get loan after five years of compromise settlement
Debt restructuring to be allowed only if promoter changes
 "Wilful defaulters may get loan after five years of compromise settlement")
Credit cards in force touch new high in April even as rollovers decline
Increasing reach, rewards boost credit card spends
 "Credit cards in force touch new high in April even as rollovers decline")
Banks seek RBI's clarification on fresh funding to wilful defaulters
Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash
Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa
The Reserve Bank of India (RBI) has been active in the foreign exchange market in recent times and mopped up dollars to boost its foreign exchange reserves
 "Corporate dollar inflows boost rupee to a one-month high; gains 27 paisa")
Disinflation process may be slow, protracted: RBI governor Shaktikanta Das
Das says India likely to remain among the fastest growing economies this year
 "Disinflation process may be slow, protracted: RBI governor Shaktikanta Das")
IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain
India's economic environment is positive and liquidity has become 'fairly benign', he says
 "IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain")
SBI gets board approval to raise Rs 50,000 crore through bonds in FY24
In April, the SBI board had approved funds raising of $2 billion through foreign currency bonds in 2023-24 in single or multiple tranches
 "SBI gets board approval to raise Rs 50,000 crore through bonds in FY24")
Monetary policy: RBI maintains status quo, turns hawkish on inflation
Central bank keeps growth projection for FY24 unchanged at 6.5%
 "Monetary policy: RBI maintains status quo, turns hawkish on inflation")
Half of Rs 2,000 banknotes in circulation back in system: RBI Governor
There were 1.81 billion pieces of Rs 2,000 bank notes in circulation as on March 31, comprising 1.3 per cent in total circulation in volume terms.
 "Half of Rs 2,000 banknotes in circulation back in system: RBI Governor")
RBI monetary policy review: Focus back on primary target; inflation at 4%
10-year bond yield climbs 4 basis points
Around 35% of Rs 2,000 currency notes deposited or exchanged so far
The withdrawal process, which started on May 23, will continue until September 30, 2023
 "Around 35% of Rs 2,000 currency notes deposited or exchanged so far")
Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy
Surplus liquidity in banking system hits Rs 2.25 trn
 "Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy")
Bring bank charges under supervisory purview: RBI customer service panel
Take a view of "reasonableness of charges" levied by banks, REs: RBI customer service panel
 "Bring bank charges under supervisory purview: RBI customer service panel")
MPC likely to hit pause again on repo rate: Business Standard Poll
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance
 "MPC likely to hit pause again on repo rate: Business Standard Poll")
RBI announces draft cyber security norms for payment system operators
Seeks feedback on draft norms from payment system operators by June 30