Manojit Saha And Samie Modak

Stories by Manojit Saha And Samie Modak

'We want to build best housing finance company of future'

'We want to build best housing finance company of future'

Rediff.com   13 Sep 2024

'Opportunity is there in each segment of the market. There is opportunity in affordable and specifically governed by government initiatives as well as for housing for all.'

'On Track For Best-Ever IPO Year In India'

'On Track For Best-Ever IPO Year In India'

Rediff.com   10 Sep 2024

During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.

RBI seen warming up for a neutral shift in stance

RBI seen warming up for a neutral shift in stance

Rediff.com   9 Sep 2024

With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."

IPO Investors Sell IPO Shares In A Week!

IPO Investors Sell IPO Shares In A Week!

Rediff.com   7 Sep 2024

The greater the post-listing gains, the higher the number of investors looking to sell.

Can Setty Take SBI To New Heights?

Can Setty Take SBI To New Heights?

Rediff.com   4 Sep 2024

It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.

''Growth Expected To Be 1% Below Last Year'

''Growth Expected To Be 1% Below Last Year'

Rediff.com   3 Sep 2024

'A possible post-election growth momentum may be lost.'

MPC Members Were Divided On Rate Cut

MPC Members Were Divided On Rate Cut

Rediff.com   23 Aug 2024

Deputy Governor Michael Patra warned about the spillover effects of food inflation.

Why RBI Cracked Down On P2P Lending

Why RBI Cracked Down On P2P Lending

Rediff.com   22 Aug 2024

Following a review of peer-to-peer (P2P) platforms, certain issues -- including high non-performing asset levels, significantly high balances in escrow accounts, and non-compliance with net owned fund and disclosure requirements -- came to the RBI's attention.

'Our objective is to keep improving Casa ratio'

'Our objective is to keep improving Casa ratio'

Rediff.com   15 Aug 2024

'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'

India just shy of top-weight China in MSCI EM after rejig

India just shy of top-weight China in MSCI EM after rejig

Rediff.com   14 Aug 2024

The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.

How Banks Plan To Tackle 'Mule' Fraud

How Banks Plan To Tackle 'Mule' Fraud

Rediff.com   8 Aug 2024

'A mule operates someone else's account to transfer illegal money.'

Can Ola Electric Cruise to 6,146 Cr IPO?

Can Ola Electric Cruise to 6,146 Cr IPO?

Rediff.com   30 Jul 2024

The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.

RBI proposes to tighten banks' LCR norms, releases draft guidelines

RBI proposes to tighten banks' LCR norms, releases draft guidelines

Rediff.com   26 Jul 2024

In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.

71% intra-day traders pay the price chasing quick gains

71% intra-day traders pay the price chasing quick gains

Rediff.com   25 Jul 2024

Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange Board of India (Sebi). Intraday trades involve buying and selling securities within the same trading day. The study covered nearly 7 million investors trading in the equity cash segment.

'Nifty 50 Index Is A Bit Of A Mirage'

'Nifty 50 Index Is A Bit Of A Mirage'

Rediff.com   18 Jul 2024

About two-thirds of the incremental net income of the Nifty 50 over FY19-24 has come from companies in relatively low-valued sectors such as banks, diversified financials, IT services, and metals and mining.

Equity capital market fee pool at 17-year high as activity up 2.5x

Equity capital market fee pool at 17-year high as activity up 2.5x

Rediff.com   18 Jul 2024

The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024. This was the highest first half figure since 2007, according to LSEG Data & Analytics, a provider of financial markets data. Capital mobilised via equity capital market (ECM) activity jumped 2.5 times to $29.5 billion - the highest-ever semi-annual total in terms of proceeds.

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rediff.com   12 Jul 2024

Equity supply may hit Rs 6 trillion soon.

RBI Flags Concern Over Illegal Accounts

RBI Flags Concern Over Illegal Accounts

Rediff.com   10 Jul 2024

'We found certain banks having lakhs of such accounts with apparently no valid reason.'

Banks turn cautious on lending to smaller microfinance players

Banks turn cautious on lending to smaller microfinance players

Rediff.com   8 Jul 2024

Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher rates. Recently Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao slammed micro lenders for increasing their margins "disproportionately" and said these lenders were quick to pass on the increased cost to the borrowers but reluctant to pass on the benefits under the new regime, where margins are not capped.

Can the 'new' HDFC Bank reclaim its old glory?

Can the 'new' HDFC Bank reclaim its old glory?

Rediff.com   8 Jul 2024

For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.