Manojit Saha

All stories by Manojit Saha

'Our unsecured loan portfolio is better than secured'

'Our unsecured loan portfolio is better than secured'

Rediff.com17 Feb 2024

'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'

How ITR's Automated Reconciliation Works

How ITR's Automated Reconciliation Works

Rediff.com17 Feb 2024

The income-tax department is set to launch a screen-based automated reconciliation system for plugging mismatches between returns filed by taxpayers and information processed by the department.

'NPA recoveries has helped to reduce credit cost'

'NPA recoveries has helped to reduce credit cost'

Rediff.com11 Feb 2024

'For the first time ever it has come below 1 per cent, at 0.97 per cent.'

'Disinflationary stance allows for rate cuts'

'Disinflationary stance allows for rate cuts'

Rediff.com8 Feb 2024

'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'

Coming! New Affordable Housing Scheme

Coming! New Affordable Housing Scheme

Rediff.com5 Feb 2024

The new scheme may be announced before the Lok Sabha elections.

Private bank profits see impact of alternate investment fund provisions

Private bank profits see impact of alternate investment fund provisions

Rediff.com29 Jan 2024

The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.

'The daily numbers give me confidence'

'The daily numbers give me confidence'

Rediff.com2 Jan 2024

'We have a plan to plough back a 'This year in the first half we had profits of more than Rs 31,000 crore.' significant amount of profits this financial year.' 'We have seen this organic plough back of profit is one of best ways to support the equity of the bank.'

Food inflation a concern: RBI's MPC

Food inflation a concern: RBI's MPC

Rediff.com26 Dec 2023

All six members of the Reserve Bank of India's (RBI's) monetary policy committee (MPC) expressed caution over food inflation during the December review, while two external members warned about high real interest rates as headline inflation approaches its target of 4 per cent. The central bank continued to maintain the status quo on both the repo rate and the stance in the December monetary policy. India's retail inflation in November rose to 5.5 per cent - its fastest pace in three months - due to higher food prices.

'We've invested in the growth of India'

'We've invested in the growth of India'

Rediff.com22 Dec 2023

We are, therefore, setting up more branches in more tertiary terms, like tier 2 and tier 3 terms. Going forward, that is where the growth will come.

'We've invested in the growth of India'

'We've invested in the growth of India'

Rediff.com21 Dec 2023

We are, therefore, setting up more branches in more tertiary terms, like tier 2 and tier 3 terms. Going forward, that is where the growth will come.

RBL Bank's business trajectory remains intact

RBL Bank's business trajectory remains intact

Rediff.com11 Dec 2023

'We are committed to achieving the targets we had outlined.'

On a hat-trick: Will Das throw up another surprise?

On a hat-trick: Will Das throw up another surprise?

Rediff.com7 Dec 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.

'There is huge demand for home loans'

'There is huge demand for home loans'

Rediff.com2 Dec 2023

'We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.'

Can Your Bank Avoid Cyber Attacks?

Can Your Bank Avoid Cyber Attacks?

Rediff.com1 Dec 2023

The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.

Why HDFC Bank Is On A Hiring Spree

Why HDFC Bank Is On A Hiring Spree

Rediff.com15 Nov 2023

Between March 2022 and September 2023, HDFC Bank added 56,310 employees.

'We are seeing growth in retail health insurance'

'We are seeing growth in retail health insurance'

Rediff.com9 Nov 2023

'Pandemic has triggered interest and awareness among the people about the need for healthcare.'

As of now Mobikwik has no plans to enter banking space

As of now Mobikwik has no plans to enter banking space

Rediff.com8 Nov 2023

'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'

HDFC Bank 2.0 under Sashidhar Jagdishan: Steady beginning, miles to go

HDFC Bank 2.0 under Sashidhar Jagdishan: Steady beginning, miles to go

Rediff.com6 Nov 2023

Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, the largest private-sector lender of the country, has just completed his first term. The period October 2020-October 2023 was a roller coaster, and the second one, which started on October 27, could be more interesting as the lender absorbs the impact of the merger of HDFC, which was integrated on July 1, and moves to the next growth phase. Soon after he took over the reins from Aditya Puri on October 27, 2020, the Reserve Bank of India (RBI) debarred HDFC Bank from enrolling new credit card customers and launching new products under the Digital 2.0 programme due to repeated outages on its mobile-banking and internet-banking platforms.

RBI directs pvt banks to have at least two wholetime directors

RBI directs pvt banks to have at least two wholetime directors

Rediff.com26 Oct 2023

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.

'Time RBI became data-dependent'

'Time RBI became data-dependent'

Rediff.com18 Oct 2023

'Data-dependence means you can raise or drop rates. The present stance is only for raising rates.'

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