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India Inc disappointed over RBI holding rates

Last Updated: Tuesday, August 4, 2015, 15:15

Disappointed with the RBI's move to hold policy rates, India Inc today said the central bank should have slashed the benchmark rate to address risks to economic growth accruing from weak demand conditions which are holding back investments, as cost of capital remains high.

First set of differential bank licences by month-end: Rajan

Last Updated: Tuesday, August 4, 2015, 13:09

The Reserve Bank is all set to issue the first set of differential bank licences -- small finance and payments banks -- by the end of August, a move aimed at promoting financial inclusion.