State-run banks gain; India plans new process for appointing officials

Reuters Market Eye - State-run banks edge higher after India plans to draw up a new process to appoint top officials at lenders.

Bank of Baroda Ltd gains 0.7 percent, Oriental Bank of Commerce Ltd is up 0.4 percent.

[To read, click India to set up new process for appointing state bank officials, click http://reut.rs/12TPFLN]

(Reporting by Abhishek Vishnoi)