 "Budget 2013-14: Wishlist")
Key developments
Passage of Banking Laws (Amendment) Bill in the Lok Sabha. This equates the voting rights with economic holding, raising it from 10% to 26% for private sector banks and 1 % to 10% for public sector ones
Final new banking licence guidelines expected from the Reserve Bank of India soon; comments from finance ministry received
RBI has reduced the cash reserve ratio to 4.0% from February 9, 2012, injecting Rs 18,000 crore liquidity into the system, and reduced the repo rate by 25 basis points to 7.75%. (Click on graphics)
Passage of Banking Laws (Amendment) Bill in the Lok Sabha. This equates the voting rights with economic holding, raising it from 10% to 26% for private sector banks and 1 % to 10% for public sector ones
Final new banking licence guidelines expected from the Reserve Bank of India soon; comments from finance ministry received
RBI has reduced the cash reserve ratio to 4.0% from February 9, 2012, injecting Rs 18,000 crore liquidity into the system, and reduced the repo rate by 25 basis points to 7.75%. (Click on graphics)