RBI scraps general refinance to introduce more flexibility
The Reserve Bank of India (RBI) has scrapped the general refinance facility with immediate effect and replaced it with an interim liquidity adjustment facility (ILAF) based on collateral.

IDBI ready to cut PLR if govt paper yield falls -- Gupta
The Industrial Development Bank of India is ready to effect another round of prime lending rate cut provided the yield to maturity (YTM) of long-term government securities come down by the 1%.

Power regulatory commissions in states to be in place by year-end
The electricity regulatory commissions would be in place in most of the states by the year-end, said finance secretary Vijay Kelkar. He said "Infrastructure sector being capital-intensive requires participation from private sector".

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