S&P warned about spending on subsidies and heavy government debt.
Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
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.
The move will likely attract more retail investors.
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
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.
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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.
The policymaker said the RBI had not reached the point where specific actions were under consideration.
Sebi also approved new delisting rules.
The central bank will come out with fresh set of guidelines for companies applying for on-tap bank licence
Rajan added "many" market participants were convinced that India could hit the RBI's target of bringing down consumer inflation to 6 percent by January 2016.
Sebi has asked clearing houses to establish separate funds for all segments of the market including equity, debt and currency.
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
Both companies can now complete the deal.
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