The draft guidelines include a move to allow large industrial companies to buy up to 10 per cent stakes in new lenders
The inflation target of the RBI would be reviewed once every five years.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
To meet the target, agriculture must grow at 15% compared to average of below 2% over the past four years
The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
The banks have asked the court to demand his return and to impound his passport.
The alleged fraud includes the use of fake bills.
A strong showing will be vital to Narendra Modi's chances of a second term.
Markets hope the Budget will steer spending towards infrastructure.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
Home loans also pose lower bad-debt risks for the banks than corporate loans.
French companies have invested more than $1 billion per year in India.
From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion
The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
India should not loosen its fiscal deficit targets in the forthcoming budget, Prime Minister Narendra Modi's top economic adviser Arvind Panagariya said.
The contract would give a big boost to India's $150 billion nuclear power programme, and a broader push to curb greenhouse gas emissions.
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