Indian Economy
Green Banking channel has been launched by:

Punjab National Bank
Bank of Baroda
State Bank of India
Reserve Bank of India

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Indian Economy
The budget deficit means

the excess of total expenditure, including loans, net of lending over revenue receipts
fiscal deficit less interest payments
difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks
to lend more easily for industrial development

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