The majority view remains for the central bank to leave the cash reserve ratio unchanged at 4 per cent.
While the country imposed limits, it also eased and simplified other restriction to attract foreign inflows. This is done to plug record current account deficit.
Says the TRC proposal was clumsily worded.
Expected cut in withholding tax for debt investments.
India will soon allow corporate houses to open banks despite misgivings within the RBI.
CEO Rana Kapoor said no such discussion or proposition has ever transpired.
An estimated 177 million Muslims in India, the largest Muslim minority population in the world, are unable to use Islamic banks because laws covering the sector require banking to be based on interest, which is forbidden in Islam.
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