Letter to corporate affairs ministry cites slowing economy, capital challenges.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
The industry feels that prices of active pharmaceutical ingredients (APIs) can go up in the range of 5-15 per cent.
Honda has invested Rs 3,526 crore in its Rajasthan unit.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
Maruti Suzuki is keen that the Gujrat government revises payment condition in the agreement it signed with the former for setting up a plant in Hansalpur.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Telecom department says spectrum can't be used as collateral because it's government property
Development in state has benefitted community, they say.
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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