Reforms in 2015: How far have we come – The Indian Express

What happened this year

THE RESERVE BANK OF INDIA cut repo rate by 125 basis points. The Centre and the RBI also signed a Monetary Policy Framework agreement in February to maintain price stability and growth. As per the agreement, RBI would set the policy interest rates and would aim to bring inflation below 6 per cent by January 2016 and within a band of 4 per cent with (+/-) 2 per cent for 2016-17 and all subsequent years.

The RBI also allowed setting up of Payments Banks and Small Finance Banks. It accorded in principle nod to 11entities to set up Payments Banks in August and gave approval to 10 entities to form Small F…

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