Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
He also proposed various measures, including land tax waiver for farmers, to mitigate their suffering.
Policy rates have been reduced substantially in 2015.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
Fitch on Monday said the likely upturn in the country's investment climate and reduction in interest rates will improve the property market by the end of March 2016.
India lost fastest growing major economy tag to China in the March quarter with a GDP growth of 6.1%
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
Sector-wise, pharmaceuticals, transport equipment and textiles will help accelerate overall export growth.
A CRR cut will help banks to reduce lending rates.
One of the alleged lashkar-e-Tayiba trainers involved in the 2008 Mumbai terror attacks used to frequently get money transfers into his account, two Pakistani bank executives told an anti-terrorism court on Wednesday.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
'China is in a good position to defuse financial risks.'
It had entered the segment by pumping in over $290 million.
New gold schemes may perform better than previous plans: UBS.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
If warranted they can initiate criminal proceedings including filing of FIR, a Finance Ministry official said.
Draft guidelines for Small Banks and Payments Banks were issued by the RBI in July and comments were invited till August 28.
There is churning at the top in IDBI Bank's two group entities.
There are about 5.7 crore small entrepreneurs.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
When banks deposit their money with RBI, the central bank offers government securities of equal value. But now, it could be running out of enough securities to offer banks against the overnight deposits.
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
India has a unique window of opportunity to effectuate long-lasting structural change in its banking sector, says Riju Agrawal.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
India, the bank's second biggest shareholder after China, is looking to borrow from the AIIB.
RBI Governor Raghuram Rajan expressed anguish at the banks' reluctance to pass on benefits of the earlier rate cuts.
China accounts for 90% of imports of mobile phones to India.
The Opposition in the Pakistan Punjab assembly on Tuesday staged a walkout to protest against Saeed's detention.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
They sought further cut in interest rates as well as reforms.
Traditionally, food prices have been seasonal in nature.
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