Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
State-owned banks have amassed bad loans faster than private sector lenders.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
Will RBI chief have the final say, in the form of a veto
India needed more specialists within government
India's banks rely on overnight borrowings to fund longer-term lending.
India allows foreign investors to buy upto $81 bn
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
The central bank also said accepting money under such structures was a cognizable offence
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
Rajan said an interest rate cut won't by itself lead to higher economic growth
.jpg)
The Reserve Bank of India sold dollars via state-owned banks around 62.3575 per dollar to contain the rupee's fall, traders said.
The Reserve Bank of India kept interest rates unchanged at 8.0 percent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.
Analysts expect modest recovery in Indian economy.
.jpg)
Large state-run entities and business houses will not be allowed to set up small finance banks, which will have to comply with statutory reserve requirements.
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
The Reserve Bank of India (RBI) raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks.
Foreign investors have bought around $2.4 billion in both debt and equity so far in October, pushing the total inflows to nearly $36 billion so far in the year.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances