2014 Made A Lot Of Promises; Can The 2015 Deliver?

BENGALURU: The banking sector promised a lot for 2015 but the question is, will those promises live up to the expectations of people or just fade out like any other? Business Standard has come up with a list of all the promises that needs major consideration for reformations in the financial sector.

# Rate cut

In 2014, the finance ministry did put a lot of pressure on RBI to reduce the rates in 2014 but to dismay, nothing changed.

The first policy review of the New Year is scheduled on Feb 3, 2015. With this schedule, people are hopingl for reduction in rates and a new monetary policy framework as well.

The new monetary framework along with new policies would most probably be announced in the next Union Budget.

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