'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
RBI says haste in easing norms for banks harmful to economy.
The alleged handler of the most influential pro-Islamic State Twitter account Mehdi Masroor Biswas has been remanded to five-day police custody.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
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