 "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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Forex has helped avert a currency run, but continuous inflow has its risks
At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks
 "Forex has helped avert a currency run, but continuous inflow has its risks")
May inflation shocker may advance RBI's policy normalisation act
MPC likely to revise inflation forecast upward in August policy review
 "May inflation shocker may advance RBI's policy normalisation act")
How banks were able to prove doomsday predictions wrong in a pandemic year
There were five factors that helped banks contain bad loans in a pandemic year
 "How banks were able to prove doomsday predictions wrong in a pandemic year")
RBI assures liquidity for economy, keeps growth revival top priority
MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.
 "RBI assures liquidity for economy, keeps growth revival top priority")
As Covid-19 vaccination slows down, insurers insist customers take jabs
Only 3.2% of India's population has been fully vaccinated with two shots
 "As Covid-19 vaccination slows down, insurers insist customers take jabs")
Growth forecast, rates: 5 key things to look for in RBI monetary policy
Monetary Policy Committee expected to hold rates and continue with an accommodative stance to encourage growth
 "Growth forecast, rates: 5 key things to look for in RBI monetary policy")
Has RBI legitimised cryptocurrencies? Traders, banks think it has
Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid.
 "Has RBI legitimised cryptocurrencies? Traders, banks think it has")
In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination
Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018
 "In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination")
Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021
 "Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest")
Foreign currency deposits lose sheen due to stable rupee
The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17
 "Foreign currency deposits lose sheen due to stable rupee")
Nirmala Sitharaman urges CMs to end police manhandling of bank staff
The FM said that there is a need for banking services to continue uninterrupted, to support the bank customers' needs in these difficult times
 "Nirmala Sitharaman urges CMs to end police manhandling of bank staff")
Banks make a beeline at Covid vaccine makers' doorstep to offer loans
Amid feeble credit offtake due to local lockdowns this year, lenders sanction Rs 6,000-crore line of credit to SII
 "Banks make a beeline at Covid vaccine makers' doorstep to offer loans")
MFIs request RBI for emergency credit line as collections take a hit
Seek up to 25% of their outstanding with lending banks, which would help them mobilise Rs 15,000 cr
 "MFIs request RBI for emergency credit line as collections take a hit")
Lazy banking: Banks' bond investment surpasses loans
Standard Chartered's Sahay said the gap between investments and advances will narrow only gradually
 "Lazy banking: Banks' bond investment surpasses loans")
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector
Bankers request extension of NPA classification norms to 180 days from 90 days currently
 "Banks want RBI to relax NPA norms for lockdown-stressed MSME sector")
BoB allots Rs 500 cr to Serum after RBI liquidity tap for healthcare firms
SBI, HDFC Bank among lenders gearing up to support companies involved in mitigating Covid-19 outbreak.
 "BoB allots Rs 500 cr to Serum after RBI liquidity tap for healthcare firms")
RBI swings into action after banks indicate rising asset quality pressure
On tap liquidity for SFBs to address needs of small borrowers
 "RBI swings into action after banks indicate rising asset quality pressure")
Most bank CEOs have to hang up boots before 70 under latest RBI guidelines
RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term
 "Most bank CEOs have to hang up boots before 70 under latest RBI guidelines")
Why Citigroup and other foreign banks missed the India growth story
Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country
 "Why Citigroup and other foreign banks missed the India growth story")
Covid: Bank branches to reduce business hours, offer basic services
In the wake of surge in coronavirus cases across the country, Indian Banks' Association mandates 50% attendance for banks, business hours to be reduced to 10 am-2 pm
 "Covid: Bank branches to reduce business hours, offer basic services")