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.
Matrix of financial stability at its best, challenge is to improve, says Das
A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend
Repo rate cannot affect food prices. So, keeping it above equilibrium will not lead to faster disinflation. A positive real repo rate is adequate to anchor inflation expectations, says Ashima Goyal
Internal members cite high food for status quo
Business models designed for profitability could contain vulnerabilities that may not be apparent, says Shaktikanta Das
Sa-dhan has also suggested a special fund for the northeastern states in view of the unrest in Manipur, which has hit micro lenders that extended loans in the state
Strong revival in pvt investment imp for growth
Firm will not sell gold loans to asset reconstruction companies as the RBI is 'not comfortable', says George Alexander Muthoot
Capital SFB is not yet eligible to apply for a conversion to a universal bank because of net non-performing ratio
Economists see shallow rate cut in Oct-Dec quarter
The IPO would include a sale of shares by existing shareholders
The fear of rejection is real. Many of the SFBs are listed on the exchanges. They are aware that no new universal bank licence has been granted in the last 10 years
In the annual report for 2023-24, RBI has said - of the 514.07 metric tonne of gold held as asset of Banking Department, 100.28 metric tonnes held in India and 413.79 metric tonnes held abroad
The increase in the share of the Rs 500 note coincides with the declining share of the Rs 2000 note, which was only 0.2 per cent at the end of FY23
Measures to be more principle-based rather than entity-oriented
Central bank highlights trading risks and, high reliance on bulk deposits of banks
ECL has been accused of not maintaining arm's length with other group companies
Dollar sale also helped; Such high surplus likely to be one-off
Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%
The report says there is a growing optimism that India is on the cusp of a long-awaited economic take-off