The rupee strengthened for the third straight day and hit a one-month high on Thursday on expectations the Congress-led UPA govt will win the voting session on retail FDI
Lending rates would be far lower if banks bring their NPAs down
The state-owned bank got capital support of Rs 280 cr, last fiscal
GDP is expected to accelerate from 5.4 per cent in 2012 and remain high through 2015-16
Stock's up 1.6% st Rs 85
Bank of America Merrill Lynch says 0.25% CRR cut is possible to support growth
Industry grow by about 17-18% in terms of credit next fiscal
Conversion of part debt into equity to work as sop for asset reconstruction companies
Bank credit will grow on the back of higher gross domestic product growth
Joins growing line of foreign financial majors attracted by potential here
The $5.28-bn deal might face scrutiny of the Committee on Foreign Investment in the US