Commercial banks have not yet reduced their lending rates.
India's foreign exchange reserves are at an all-time high.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Banks are expected to cut lending rates from April 1.
Move to shift powers from RBI without discussions baffles many
Aditya Puri thinks the government is on track.
Union Bank of India, United Bank of India reduced base rates.
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The meeting will be attended by all heads and EDs of public sector banks
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
Experts hail 2014 as the worst year for banks.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
APAs are part of govt's aim to move to a non-adversarial tax regime.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
A series of failed loan recast programmes continues to haunt banks.
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