The situation is particularly critical for mid-sized state banks that have seen the sharpest deteriorations in their financial profiles in the last few years, the ratings agency added.
If RBI cuts its repo rate by 25 basis points to 6 per cent, it will be the lowest since November 2010.
Till January 31, 13.8 million customers have downloaded the app out of which 3.6 million customers have linked the app to their bank account.
In last week's Union Budget, Finance Minister Arun Jaitley set a Rs 72,500 crore target for divestment in the 12 months from April 1, up from a revised Rs 45,500 crore goal in the current fiscal year.
The RBI has also observed that there are certain loose ends in the security framework like in configuration of devices, patch management, OEM-supported software, password management or port management
Under Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years.
On the effects of demonetisation in the banking sector, she said, "During the first four to six weeks, when it was announced, banks were working towards exchanging money and did not do much of regular works."
The Bureau of Indian Standards or BIS is an autonomous national standard body under the aegis of the Consumer Affairs Ministry. Its main objective is to work for harmonious development of activities of standardisation, marking and quality certification of goods.
In 2015, the government had announced a revamp plan,'Indradhanush', to infuse Rs 70,000 crore in state-owned banks over four years, while they would have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirements in line with global banking risk norms Basel III.
Banks want the government to announce additional tax incentives for customers on term deposits, such as reduction in lock-in period for tax saver fixed deposits, and increase in tax exemption limit for interest income from term deposits.
The Reserve Bank, in its representation before the Watal Committee, has stated that regulation of payments should be with the central bank
Outstanding loans rose Rs 65,360 crore ($9.58 billion) to Rs 74.13 lakh crore in the two weeks to January 6. Non-food credit rose Rs 63,690 crore to Rs 73.07 lakh crore, while food credit rose Rs 1,670 crore to Rs 1.07 lakh crore.
Unions are also demanding publishing names of individuals who have defaulted in paying loans of Rs 1 crore and above so that stringent measures could be taken to recover bad loans.
Mr Patel met the panel to answer questions about the November 8 abolition of Rs 500 and Rs 1,000 notes, or 86 per cent of the currency then in circulation.
Government had provided Rs 22,915 crore capital to 13 PSU banks including SBI, PNB and IOB to enhance their lending operations in July, 2016.
In an analysis report prepared by the I-T department, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported by two banks to the banking regulator in order to generate black funds.
Although December 2016 was a slow month for hiring, the banking Industry has seen a considerable uptick with jobs increasing by 14 per cent on a year-on-year basis.