The government and RBI have liberalised financing for sector, but hurdles remain on path from banks to buyer.
The funds mobilised by the banks will be invested only in government securities.
ICICI Bank rose 4.8 per cent and Axis Bank added 3.2 per cent while State Bank of India gained 2.2 per cent.
Clubs affordable housing with infrastructure sector; eases CRR, SLR rules.
RBI may only entertain crop loan rescheduling, unlikely to agree to gold loan adjustment.
According to Padmanabhan, companies responded by using at least three different ways to try and skirt the regulation.
The government is yet to decide on a successor to KC Chakrabarty, one of the four Deputy Governors who retired on April 25.
RBI governor must realise that financial regulation reforms proposed by FSLRC are necessary.
Fund mop-up to cross R2 lakh crore this fiscal, states spending on higher MSPs.
Domestic systemically important banks to be given scores, ranks.
The SIT under the chairmanship of former Supreme Court judge, Justice MB Shah, was constituted by the Narendra Modi-led government on its first day in office.
The RBI said an in-principle approval to private bank licensing must be given within 90 days, preferential issues and qualified institutional placements within 30 days.
FPIs will be able to hedge the currency risk arising out of the market value of their exposure to Indian debt and equity securities.
Earlier, Indians travelling abroad were permitted to carry only up to Rs 10,000, while foreigners were not allowed to carry Indian currency while leaving the country.
‘If govt wants to manage own debt, no reason for RBI to stand in the way’.