Committees
Bimal Jalan to head external committee to screen new bank licences which will be announced within or soon after January next year
Bimal Jalan to head external committee to screen new bank licences which will be announced within or soon after January next year
Deputy Governor Urjit Patel to head committee on improving monetary policy framework
Nachiket Mor to head committee on financial inclusion
Deputy Governor K C Chakrabarty to take a close look at rising NPAs and the restructuring/recovery process
Others measures
Rajan's first monetary policy statement on September 20.
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Banks won’t need RBI approvals for new branches, subject to certain conditions
RBI to gradually reduce requirement of bank investment in government securities to facilitate flow of credit
Limit availability to exporters to be increased to 50%; for importers to 50%
Introduction of interest rate futures of 10-year tenure
Payment & settlement systems to be strengthened
Promoters must bring in more equity capital
Inflation-savings certificates based on consumer price index