Govt, opposition agree on banking bill - Chidambaram

NEW DELHI Wed Dec 12, 2012 1:50pm IST

Finance Minister P. Chidambaram attends an interview with Reuters at a hotel during his visit for the G20 meeting in Mexico City November 4, 2012. REUTERS/Edgard Garrido/Files

Finance Minister P. Chidambaram attends an interview with Reuters at a hotel during his visit for the G20 meeting in Mexico City November 4, 2012.

Credit: Reuters/Edgard Garrido/Files

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NEW DELHI (Reuters) - The government has reached an agreement with the opposition for passing the banking amendment bill in parliament, Finance Minister P. Chidambaram told reporters on Wednesday.

The government is seeking parliamentary approval for amendments aimed at attracting more foreign investment into the banking industry, in the latest move by Prime Minister Manmohan Singh to open up Asia's third largest economy. (Reporting by Manoj Kumar;Editing by Sunil Nair)

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