MARKET EYE-Indian banks gain on banking amendment bill expectations

Tue Dec 18, 2012 2:50pm IST

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* Shares in India's banks such as the State Bank of India
 rise 1.2 percent, recovering from an earlier fall of as
much as 2.8 percent.
* Gains fuelled by expectations the banking amendment bill will
pass parliament after the government dropped a controversial
clause that would have allowed banks to trade in commodity
futures. 
* Among other banks, ICICI bank is up 0.8 percent,
while Bank of India gained 2.4 percent.
* India's parliament is expected to amend the banking laws that
include raising the limit on shareholders' voting rights in
public and private sector banks, a step seen largely positive
towards the government's reform drive. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net;
manoj.dharra@thomsonreuters.com; /;
manoj.dharra.reuters.com@reuters.net)
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