Nachiket Mor

Small finance banks will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and under-served sections, including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

Dr Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.

The Reserve Bank of India on Thursday said it is in discussion with the government to revamp inflation-indexed bonds to attract more retail investors.

Dr Rajan said only after looking into all issues, will the RBI firm up views on whether to "move forward and if so, under what structures".

Nachiket Mor, a member of the central board of the Reserve Bank of India, on Thursday supported the role of postal banks in promoting the availability of financial services.

The committee held its first meeting on November 1. Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave and Nachiket M Mor, Director of the Central Board of Directors of the RBI.

Stating that recommendations by the Nachiket Mor committee on financial inclusion are credit positive for banks, international rating agency Moody's has stressed that the main issue is implementation of the panel's politically sensitive suggestions.

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, according to Nachiket Mor, head of the Reserve Bank of India (RBI) panel on financial inclusion.

The BJP, as per media reports, may incorporate a proposal to abolish income, sales and excise taxes in its Vision 2025 document, which will be released before the polls. Many in the top leadership have come out supporting the idea in recent weeks.

The government should form a unified financial redress agency (FRA) to resolve customer grievances relating to financial products and services, a Reserve Bank of India (RBI) committee said on Tuesday.

A panel set up by the Reserve Bank of India (RBI) has called for establishing differentiated lenders, including one for small businesses and low-income households.

A Reserve Bank of India (RBI) panel has called for gradual abolition of statutory liquidity ratio (SLR), under which banks are bound to park a whopping 23 per cent of deposits in government securities and other liquid instruments as a measure of solvency, saying the tool has "outlived its utility".

While favouring direct cash transfers to farmers to pay any kind of interest subvention or debt waiver, a Reserve Bank of India panel on Tuesday recommended raising the priority sector lending (PSL) target to 50 per cent from the current 40 per cent.

Recommending sweeping changes in the banking structure, a Reserve Bank of India (RBI) panel on Tuesday suggested setting up of specialised banks to cater to low income households to ensure that all citizens have bank accounts by 2016.

The committee held its first meeting on November 1. The other members of the high-level advisory committee (HLAC) are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI.

Small finance banks will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and under-served sections, including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

Dr Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.

The Reserve Bank of India on Thursday said it is in discussion with the government to revamp inflation-indexed bonds to attract more retail investors.

Dr Rajan said only after looking into all issues, will the RBI firm up views on whether to "move forward and if so, under what structures".

Nachiket Mor, a member of the central board of the Reserve Bank of India, on Thursday supported the role of postal banks in promoting the availability of financial services.

The committee held its first meeting on November 1. Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave and Nachiket M Mor, Director of the Central Board of Directors of the RBI.

Stating that recommendations by the Nachiket Mor committee on financial inclusion are credit positive for banks, international rating agency Moody's has stressed that the main issue is implementation of the panel's politically sensitive suggestions.

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, according to Nachiket Mor, head of the Reserve Bank of India (RBI) panel on financial inclusion.

The BJP, as per media reports, may incorporate a proposal to abolish income, sales and excise taxes in its Vision 2025 document, which will be released before the polls. Many in the top leadership have come out supporting the idea in recent weeks.

The government should form a unified financial redress agency (FRA) to resolve customer grievances relating to financial products and services, a Reserve Bank of India (RBI) committee said on Tuesday.

A panel set up by the Reserve Bank of India (RBI) has called for establishing differentiated lenders, including one for small businesses and low-income households.

A Reserve Bank of India (RBI) panel has called for gradual abolition of statutory liquidity ratio (SLR), under which banks are bound to park a whopping 23 per cent of deposits in government securities and other liquid instruments as a measure of solvency, saying the tool has "outlived its utility".

While favouring direct cash transfers to farmers to pay any kind of interest subvention or debt waiver, a Reserve Bank of India panel on Tuesday recommended raising the priority sector lending (PSL) target to 50 per cent from the current 40 per cent.

Recommending sweeping changes in the banking structure, a Reserve Bank of India (RBI) panel on Tuesday suggested setting up of specialised banks to cater to low income households to ensure that all citizens have bank accounts by 2016.

The committee held its first meeting on November 1. The other members of the high-level advisory committee (HLAC) are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI.