Services in public sector banks are likely to be hit on Thursday as four bank employees’ unions have threatened a strike on that day to protest against the Banking Laws (Amendment) Bill and mergers of public sector banks.

Lok Sabha passes bill to amend banking regulations

18 Dec 2012

The bill proposes to increase shareholders’ voting rights to 26 per cent from the existing 10 per cent and also paves the way for issuance of new licences and consolidation in the sector

RBI holds policy rates steady; cut likely in January

18 Dec 2012

Though the Reserve Bank has kept key policy rates unchanged despite a drop in inflation rate in November, governor Durruvi Subbarao strongly hinted at easing of rates in the next policy review on 29 January

Page no. 83 of 174

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