The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.

When positive and negative forces emerge in quick succession, market oscillates between optimism and pessimism, favouring the bulls and bears in alternate bouts of buying and selling.

There have been enough pointers since the Budget announcements in February to show that the government's finances are perhaps not in a great shape.

The large cap stock shed all the gains it clocked in yesterday's trade and slipped 3.57% or 10.55 points to 284 level in afternoon trade on BSE.  The stock opened higher at 297.80 today, hit intra day high of 298.15 in early trade and slipped into the red.

However, the lender reported 69 per cent decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30 compared to Rs 1,840.43 crore net profit in the July-September quarter of previous fiscal.

The Reserve Bank has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.

The country's largest lender said the e-auction of these NPA accounts will take place on November 22. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore.

SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...

The IMF expressed its opposition to any move that compromises the independence of central banks anywhere in the world.

The ongoing confrontation between the government and RBI has waded into uncharted territory.