The British lender is now likely to recover the money on its own, instead of selling the loans at hefty discounts
Technical Advisory Committee was for status quo in policy rate on little hope of government action
Non-performing assets zoom in first quarter, more debt recast likely
Net worth of companies in danger as the state government is yet to respond to proposals made for revival of the industry
To involve about 1 mn employees and affect 70,000 branches of PSU and some pvt and foreign banks
In restricted trading in view of bank strike, rupee trimmed its early gains
INDIA-BANKS-STRIKE:Bank staff strike against reforms, markets hit
The euro also continued to trade steady while stocks were marginally negative
Strike to protest against reforms that will give investors more clout in the tightly controlled sector
Bank transactions and some market operations were hit after about one million bank employees
Bhasin said deposits also grew from the farm sector because of the summer crop hitting the market
Two banks from both the country will be allowed to operate across the border
The data reflects increased off-take of credit by the commercial as well as the agriculture sector