Free ATM Transactions policy adjusted in metros, with transparency and customer alerts for chargeable withdrawals.
Reserve Bank revises ATM usage and pricing: mandated free withdrawals at other bank ATMs in specified metropolitan centres are reduced for ordinary savings accounts while exempting no frills/Basic Savings Bank Deposit Account holders and transactions outside those metros; banks may offer better terms. Banks must provide a floor of free transactions at their own ATMs, may levy clearly disclosed charges beyond that floor (subject to an upper cap), and must notify customers of ATM metro/non metro status, potential charges and the number of free transactions already availed.

Reference Rate sets Rupee exchange benchmarks for major currencies, with derived GBP and JPY rates and SDR basis.
The Reserve Bank of India published daily Reference Rates establishing Rupee benchmarks for the US dollar and the Euro on August 14, 2014, and noted the preceding day's levels. Based on the US dollar reference rate and cross currency middle rates, the Bank supplied derived Rupee rates for the British Pound and Japanese Yen. The release further states the SDR Rupee rate will be based on the published reference rate, providing authoritative exchange benchmarks for valuation, settlement and conversion in foreign exchange operations.

Reference rate publication: central bank issues daily USD and Euro benchmarks and cross currency derived GBP and JPY rates.
Publication of daily Reference Rates for the US dollar and the Euro by the central bank, including prior day comparisons, and provision that exchange rates for other currencies (e.g., pound and yen) are derived from the US dollar reference rate using middle cross currency quotes; the SDR Rupee rate is specified to be based on the reference rate.

Board-approved loan recovery policy mandated to strengthen early distress detection and enable restructuring or statutory recovery measures.
Banks are subject to Section 45E of the RBI Act confidentiality obligations while the Reserve Bank mandates a Board approved loan recovery policy, information sharing and monitoring to detect borrower distress, prompt restructuring of viable accounts, and recourse to recovery mechanisms such as the SARFAESI Act, Debt Recovery Tribunals and Lok Adalats to improve asset quality and reduce NPAs.

Reference rate publication: RBI's daily foreign exchange reference rates affect cross currency conversions and SDR Rupee valuation.
The Reserve Bank of India issued daily Reference Rate benchmarks for the US dollar and the Euro, noted prior day comparators, and, using the dollar reference and cross currency middle rates, provided derived exchange rates for other currencies. The notice further instructs that the SDR Rupee rate will be based on the published reference rate.

Financial inclusion: direct benefit transfers and biometric-linked accounts to empower beneficiaries and reduce patronage dependence.
Crony capitalism arises from dysfunctional public service delivery that forces the poor into patronage relationships; expanding financial inclusion-via biometric-linked accounts, direct benefit transfers, cash transfers, and broader access to payments, credit, savings and insurance-can reduce dependence on patronage by empowering beneficiaries to choose providers. Implementation must address conditionality, monitoring and automation, channel diversity (branches, correspondents, mobile), consumer protection, and sustainable provider economics so transfers build capabilities rather than perpetuate dependence.

Government securities auction: re-issue offered via multiple-price auction with competitive and non-competitive bidding and when-issued eligibility.
Auction re-issue offers three central government stocks via price-based multiple-price auctions conducted by the central bank on its electronic Core Banking Solution, with up to 5% of each notified amount reserved under the Non-Competitive Bidding Facility, specified time windows for non-competitive and competitive bid submission, fixed result and payment dates, and eligibility for "When Issued" trading under central bank guidelines.

Reference Rate publication: official Rupee exchange rates set for major currencies, with derived cross currency and SDR linkage.
Publication of official Rupee Reference Rates for the US dollar and Euro, with preceding day comparisons, and derived sterling and yen exchange rates calculated from the US dollar Reference Rate using middle cross currency quotes. The notice declares that the SDR-Rupee rate will be based on the Reference Rate.

Financial inclusion mission to extend household banking access, backed by RBI branch opening permissions and ABEP targets.
A national Financial Inclusion Mission will start on 15 August 2014 to provide banking services to all households, building on the Swabhimaan campaign which covered over 74,000 habitations by 31 March 2012 through branches, Business Correspondents and mobile banking. The Reserve Bank of India has permitted scheduled commercial banks to open branches and service outlets across Tier 2-Tier 6 centres and in the North Eastern States and Sikkim, and directed banks to allocate at least 25% of new branches in unbanked rural (Tier 5 and Tier 6) centres within their Annual Branch Expansion Plans.

Principle-based financial legislation to reassign regulator mandates and enable non-sectoral oversight across core financial functions.
A principle-based overhaul of financial sector law is proposed to reassign clear mandates, powers and accountability to regulators, treating key tasks-consumer protection, prudential regulation, resolution, capital controls, systemic risk, financial inclusion, market development and monetary policy-in a non-sectoral manner; implementation involves restructuring the regulatory architecture and enacting a consolidated statute, while governance and transparency reforms are being advanced on a non-legislative voluntary basis.

Foreign investment liberalisation expanded sectoral entry routes and raised equity ceilings while requiring Indian management and control.
Authorities expanded permissible foreign participation in government securities and reallocated the overall limit between portfolio/qualified investors and long term investors. Simultaneously, foreign investment entry conditions were liberalised: sectoral limits and routes were increased for telecom and asset reconstruction, several sectors shifted to the automatic route, credit information companies' foreign share caps were raised, and composite foreign investment ceilings in defence manufacturing and insurance were increased with a requirement of full Indian management and control through the foreign investment approval route.

Reference exchange rates: RBI publishes daily USD and Euro benchmarks with derived GBP and JPY rates and SDR linkage.
The RBI published daily reference exchange rates for the US dollar and the Euro, compared them with the prior day's rates, and provided derived sterling and yen rates computed from the dollar reference and cross currency middle rates; it further states that the SDR rupee rate will be based on the reference rate.

Reference Rate: RBI publishes exchange reference rates for major currencies and states SDR Rupee will be based on the reference rate.
The Reserve Bank of India publishes Reference Rates for major currencies, specifying the US dollar and Euro benchmark values for the business day, with prior day comparisons and derived exchange rates for other currencies via cross currency middle rates; it also provides that the SDR Rupee rate will be based on the published Reference Rate.

Reference Rate publication for US dollar and euro determines derived cross currency exchange rates and SDR Rupee link.
The Reserve Bank of India publishes Reference Rates for the US dollar and euro, compares them with the prior day's values, and, using the US dollar reference and cross currency middle rates, derives and publishes exchange rates for other currencies such as the pound sterling and the yen; the SDR Rupee rate is to be based on the published reference rate.

Cancellation of NBFC registration under Section 45-IA(6) bars specified companies from conducting NBFC business activities.
Cancellation of registration certificates has been effected for three non-banking financial companies under Section 45-IA(6) of the Reserve Bank of India Act, 1934. Following cancellation, each listed company is prohibited from carrying on the business of a non-banking financial institution as defined by clause (a) of Section 45-I of the Act, removing their statutory entitlement to transact NBFC activities.

Reference rate publication: RBI issued USD and Euro reference rates and derived GBP and JPY exchange rates.
Reserve Bank of India published official reference rates for the US dollar and the euro on 5 August 2014, compared to the previous day's rates, and-using the US dollar reference and the middle points of cross currency quotations-provided derived rupee exchange rates for the pound sterling and the Japanese yen. The release states the SDR Rupee rate will be based on the published reference rate, making the reference rate the operative benchmark for related currency conversions.

Government securities auction: re-issue conducted by price-based multiple-price method with non-competitive bid reservation and E Kuber filing.
Announcement of a price-based re-issue auction of Central Government dated securities using the price-based multiple-price method, with notified nominal amounts and up to five percent reserved under the Non-Competitive Bidding Facility. Bids must be submitted electronically on the RBI E-Kuber system within prescribed windows; the result and payment dates are specified, and the re-issued stocks are eligible for When Issued trading under existing RBI guidelines.

Reference rate publication sets baseline exchange rates and cross-currency-derived rates, affecting SDR-Rupee valuation for market settlements.
Publication of official Reference Rates establishes the RBI exchange-rate benchmarks for the US dollar and the Euro on August 4, 2014, with prior-day comparisons. Using the US dollar reference and middle cross-currency quotes, the notice derives Pound Sterling and Japanese Yen rates against the rupee, and specifies that the SDR Rupee rate will be based on the published reference rate.

Cancellation of banking licence for insolvency and noncompliance, triggering liquidation and insured deposit repayment under DICGC.
The Reserve Bank cancelled The Vasavi Co-operative Urban Bank Ltd.'s licence effective July 14, 2014 after finding the bank insolvent, non compliant with minimum capital and reserve requirements under the Banking Regulation Act, and subject to persistent governance and liquidity failures. A Show Cause Notice was issued and, following unsatisfactory replies, the bank was prohibited from carrying on banking business and referred for winding up; depositors will be eligible for insured repayments under the DICGC scheme subject to its terms.

Infrastructure Investment Trusts provide tax efficient pass through status to mobilise long term private and foreign infrastructure finance.
The Government proposes Infrastructure Investment Trusts (InvITs), modelled on Real Estate Investment Trusts, to pool equity for PPP and other infrastructure projects and to provide tax efficient pass through status, thereby attracting domestic and foreign long term finance, including non resident investors, and reducing pressure on the banking system.