Liquidity injection: RBI allowing banks to borrow despite shortfalls in government securities holdings, easing temporary cash crunch.
RBI authorised temporary lending through the Liquidity Adjustment Facility to inject liquidity, permitting banks to borrow from the central bank despite a limited shortfall in the statutory government securities holding requirement, and will conduct special LAF operations as necessary to address the cash crunch caused by concentrated primary market activity and seasonal credit demand.

Electronic funds transfer permitted for court-directed deposit by international transaction, and hearing adjourned to a later date.
The Supreme Court permitted a court-directed deposit to be made by electronic funds transfer rather than by bank draft, accepting international banking channels for transmission and recognising wire transfer as an acceptable form of payment to the registry. The bench also postponed the scheduled hearing at counsel's request to accommodate the alternative payment mechanism and the logistics of cross-border remittance.

Interbank mobile payments enabled across member banks; switching charges later imposed on member banks while customer fees remain discretionary.
NPCI operates an Interbank Mobile Payment Service allowing interbank mobile remittances through member banks; banks must obtain RBI authorization and IMPS membership. NPCI will waive switching charges to members until the stated date, after which a per-transaction switching fee will be levied on member banks. Member banks may impose customer fees per their policy but initially provided the service free.

Banking licence expansion: consultation on additional private sector bank licences and forthcoming licensing guidelines process
The Reserve Bank of India reviewed international practices and past licensing experience, issued a discussion paper to invite public and stakeholder comments, held stakeholder consultations, and is examining the feedback before issuing final guidelines governing the grant of additional private sector banking licences.

Cash handling charges allowed when banks ensure cost based, reasonable fees with prior customer notice and board transparency.
Banks may impose cash handling charges for certain deposits, provided charges are cost based, reasonable, and not punitive to low activity customers; customers must be informed one month before changes. Currency chest banks may levy a packet handling charge for deposits from non currency chest branches and must adopt a transparent, board approved policy governing such charges.

Regulation of microfinance interest rates: review and proposals to ensure reasonable charges and oversight by regulators
The Reserve Bank of India does not set microfinance interest rates but requires NBFCs to implement a Fair Practice Code forbidding exorbitant charges and harsh recovery; public sector banks were asked to ensure MFIs charge beneficiaries reasonable rates and avoid ever greening. RBI has formed a Central Board Sub Committee under Shri Y.H. Malegam to review sector issues, including making rates reasonable, and the Department of Financial Services proposes the Micro Finance (Development & Regulation) Bill, 2010 informed by those recommendations.

Financial Sector Reform: establishment of apex council and law reform commission to strengthen financial stability and prudential duties.
The government will establish an apex-level Financial Stability and Development Council to institutionalize mechanisms for financial stability and a Financial Sector Legislative Reforms Commission to rewrite and clean up financial sector laws. Banks are directed to manage asset-liability mismatches prudently, employ credit enhancement and take out financing for long term funds, augment capital, and meet additional provisioning norms to guard against deterioration in asset quality. The policy also prioritises cost effective financial inclusion measures and expanded banking outreach.

Economic growth projection: India forecast as the fastest growing major economy and rising among top global GDP contributors.
A global banking study projects India's rapid economic expansion, forecasting it to become the world's fastest growing major economy within a short horizon and to rise to one of the largest economies by GDP over the next two decades, increasing its share of global GDP substantially while China remains the largest contributor.

Monetary policy tightening: modest rate increases to tighten liquidity while SLR and CRR remain unchanged to support growth and inflation control.
The Finance Minister noted the RBI kept the Statutory Liquidity Ratio and Cash Reserve Ratio unchanged, modestly raised the repo and reverse repo rates to create measured monetary tightening, anticipated a small short run growth impact but expected medium to long term support for growth and inflation management, and characterised a recent liquidity shortage as temporary and linked to an oversubscribed public offering.