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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.
'Heartening to see banks increasing green exposure'
'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
In a Q&A, Baldev Prakash dwells on the lender's plan to bring down NPAs and raise Rs 500 cr in equity by the end of FY23
Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business
Main risk is core inflation remaining sticky: Governor
Wholesale segment averages Rs 325 crore per day in November
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them
Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets
'After coming out of four years of losses, we want to grow qualitatively'
Anonymity factor is critical for its acceptance, asserts Dinesh Khara
Aims to involve 50,000 merchants, customers in the next few days
"Potential disruption to the forex markets can be serious"
The transactions using the retail CBDC can be both person-to-person as well as person-to-merchant, and payments can be made using QR codes shown at merchant locations
In CBDC, the core banking will have a one-time debit for currency purchase, but all subsequent transactions, which move from wallet to wallet
SL banks must open nostro accounts with Indian banks
Three others got permission earlier, but no deal so far
The bank is targeting double digit growth, Murali Ramakrishnan, MD & CEO of South Indian Bank said
During the second quarter of FY23, remittances stood at $7.3 billion, compared to $5.2 billion a year ago
Headline inflation showing signs of easing, it says