 "Manojit Saha")
Manojit Saha
Manojit Saha
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.
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RBI likely to adopt hands-off approach in foreign exchange market
The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.
 "RBI likely to adopt hands-off approach in foreign exchange market")
Rupee stages strong comeback after hitting an all-time low on March 7
The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves
 "Rupee stages strong comeback after hitting an all-time low on March 7")
Global developments pose downside risks to India, says RBI report
The report said the shock emanating from geopolitical risks hit at a time when inflation was elevated in many countries
Decoded: Why the next FATF review is critical for India
The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year
 "Decoded: Why the next FATF review is critical for India")
Turnaround czar: How Sandeep Bakhshi has transformed ICICI Bank
Sandeep Bakhshi has restored ICICI Bank's brand equity, strengthened its balance sheet, and delivered profitable growth at a turbulent time in its history
 "Turnaround czar: How Sandeep Bakhshi has transformed ICICI Bank")
Tech-ready: HDFC Bank lines up digital launches in two-three quarters
In the upcoming two/three quarters, the bank is looking to launch a revised version of its payment app, PayZapp
 "Tech-ready: HDFC Bank lines up digital launches in two-three quarters")
KYC-AML rule breach led to lens on Paytm Payments Bank: Sources
Analysts expect Paytm's business to be affected owing to the ban
 "KYC-AML rule breach led to lens on Paytm Payments Bank: Sources")
Sanctions on Russia an opportunity to internationalise rupee: SBI report
'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.
 "Sanctions on Russia an opportunity to internationalise rupee: SBI report")
We now understand things we must correct: Paytm Payments Bank chairman
There will be no material impact on Paytm's customer acquisition, Vijay Shekhar Sharma, chairman, Paytm Payments Bank and founder & CEO of Paytm, tells Manojit Saha
 "We now understand things we must correct: Paytm Payments Bank chairman")
Vedanta, Jindal Power among 17 to show interest in SREI resolution
Resolution plan by April 30, but deadline can be stretched on request
 "Vedanta, Jindal Power among 17 to show interest in SREI resolution")
RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit
The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold
 "RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit")
Rupee gains against the dollar for the third consecutive session
The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.
Banks, financial institutions rush to raise funds as credit growth picks up
Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.
 "Banks, financial institutions rush to raise funds as credit growth picks up")
Rupee inches 5 paise higher; bond yield tests 6.9%
Bond yields, on the other hand, remained elevated as crude oil prices hovered around $130 barrel.
RBI's dollar-rupee sell-swap auction sees three times more bids
In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion
 "RBI's dollar-rupee sell-swap auction sees three times more bids")
Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low
The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar
Ukraine crisis: Russian oil companies offer big discounts to India
Bankers said India should be extremely cautious before opening up trade with Russia amid sanctions as it should not be seen as funding Russian invasion of Ukraine.
 "Ukraine crisis: Russian oil companies offer big discounts to India")
Rupee heading for its all-time low, likely to hit 77/$ level: Poll
Heavy dollar selling by Reserve Bank slows the pace of fall
 "Rupee heading for its all-time low, likely to hit 77/$ level: Poll")
Ukraine crisis: UCO, SBI meet RBI today on payments to Russian firms
The meeting between the banks and RBI comes amid reports that the government is exploring the option of reactivating the rupee-ruble trade between the two countries
Urban cooperative banks get relief for investing in umbrella organisation
The banking regulator has exempted the UCBs from both the norms.