“Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks,” managing director and chief executive Prashant Kumar told ET in an exclusive interaction.
RBI likely to hold rates as West Asia crisis impact on growth remains unclear: Bank of Baroda Report
The Reserve Bank of India is expected to hold interest rates steady on Friday, according to Bank of Baroda. The central bank will likely maintain