India Inc wants firm Re, bank M&As: FICCI

India Inc wants RBI to ensure a stable interest rates regime, steps to check rupee appreciation and growth oriented credit policy slated on April 28, a FICCI survey said today.

The survey conducted on corporates also reveal that a majority of firms wanted RBI to quickly come up with a roadmap for bank mergers, deregulation of deposit rates and higher credit to SSI and agriculture sectors at affordable rates.

Amid Left demands for publication of defaulters list, corporates also asked RBI to focus on "Customer Support Policy" that will ensure privacy of borrowers.

"The general expectation is that RBI should deliver a credit policy that will help sustain the growth momentum in the Indian economy. RBI should continue to support growth while maintaining vigilance on price front," the report said.

About 75% of respondents desired stable interest rates to sustain the growth, the survey said.

Majority of corporates favoured use of forex for infrastructure, reduction in borrowing and lending rate spread for corporates, foreign participation in securitised assets markets and improvement in credit delivery for agriculture and SME sector.

Corporates also highlighted the need for putting in place the essential regulatory support for proper implemenation of the Basel II norms.

About 67% of respondents said RBI need to check the rupee appreciation to boost exports.

While, 58% sought an increase in the NRI deposit rates by 25 to 50 basis points.