“The scope of this new investigation is much wider and deeper, covering the entire bank, and will also address any lapses in accounting, including holding management accountable for any deviations that come to light,” an official said.
Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains.
India’s stock market rebounded strongly, with Nifty crossing 25,000, boosted by geopolitical peace and the US-China trade deal. Analysts see further gains but advise selectivity.
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