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Experts bet on RBI to hold rates steady tomorrow

RBI is likely to adopt a wait-and-watch approach ahead of the Fed meeting amid concerns over inflation that has been inching up in the last three months.

"After a strategic review of the global private banking operations in India, we have decided to close the business," the Mumbai-based spokesman said.
The gross NPAs of PSBs rose to 6.03 per cent at the end of June 2015, as against 5.20 per cent in March 2015.
Public sector banks require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
The public sector lender said the capital raised will be utilised to support the asset growth during 2015-16 and also to maintain healthy level of CRAR.

The NPCI has extended 45 days usage condition to 90 days for RuPay Classic cardholders with effect from November, 2015.

Finance Minister Arun Jaitley after the meeting with public sector bankers added that he was not happy with the current level of non-performing assets.
The unions are opposing the government's move to take away the public debt management from the Reserve Bank and curtail its powers on the monetary policy.
SME banne