Private lenders have also been expanding their branch and automate teller machine networks aggressively.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
Work on a dozen decisions to start by next week.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
Bukkapuram Nadella Yugandhar's 'formidable legacy will survive through a generation of civil servants whom he trained, nurtured, mentored and inspired with a rare combination of energy, enthusiasm and passion,' says former RBI govenor Dr Duvvuri Subbarao.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
20 new industrial clusters will be developed in 2014-15.
Practising Indira Gandhi's brand of socialism today will not just be anachronistic but also economically harmful.
Tuesday's policy announcement had a regulatory and development component.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
As PM talks of lower lending rates, housing companies prepare to cash in.
Also says PSU banks divestment to be considered after improvement in governance
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
India has a unique window of opportunity to effectuate long-lasting structural change in its banking sector, says Riju Agrawal.
The bank had posted a 14.9 per cent rise in deposits in FY13, with the last two quarters witnessing headwinds, partly due to the bank's decision to test the market by lowering its offering.
Overhauling India's bloated and often sluggish state banks is critical for the government
Exports had risen over 11 per cent in July, year-on-year.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
Banks are in need of government support to manage the stressed assets
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Renewable energy is mistakenly restricted to electricity.
Currently, foreign lenders are present in India only through branches or representative offices.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Opt for an affordable house on a metro's periphery, invest and wait it out.
The recent agreement between the RBI and the Centre marks a significant step forward toward financial inclusion.
Duty cut on raw material imports are not likely.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Clean energy cess to hike cost for power sector.
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