Banks will be able to increase their equity holdings above the current cap of 10% in companies undergoing debt restructuring through conversion of loan into equity.
There was widespread expectation from the corporate sector and markets for a reduction in rates in the wake of the decline in inflation and the sharp fall in money market rates.
Status quo n Central bank says rate cut only after sustained low inflation, orderly fisc.
A panel, headed by RBI Governor Raghuram Rajan, will hold interviews of eligible candidates for the post of CMDs.
RBI data show that currency with the public grew 9.4% in 2013-14 to Rs 13 lakh crore.
Rising NPAs or bad loans have been a concern to both RBI and government.
Even if fresh FII inflows stop,there will not be a problem to finance CAD: Raghuram Rajan
The postponement of the taper should provide the RBI necessary time to ease the debt limits for FIIs.
The Asian Development Bank on Oct 2 lowered its growth projection for India in the current fiscal.
Rajan is a respected international economist and best known for his prescient warning in 2005.
Move would help in shifting rupee risks away from NRIs at a time of extreme volatility: BofA-ML.