State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
Slowing inflation prompted the RBI to cut the policy repurchase rate last month by 25 basis points to 6.50 percent, the lowest since 2011.
The inflation target of the RBI would be reviewed once every five years.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
To meet the target, agriculture must grow at 15% compared to average of below 2% over the past four years
The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
The banks have asked the court to demand his return and to impound his passport.
The alleged fraud includes the use of fake bills.
A strong showing will be vital to Narendra Modi's chances of a second term.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
Home loans also pose lower bad-debt risks for the banks than corporate loans.
French companies have invested more than $1 billion per year in India.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
The Prime Minister tends to keep such decisions close to his chest.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
GST is intended to create a single market and boost commerce in India's $2 trillion economy
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