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BUZZ-Indian banks surge; Jaitley says new measures on bad debt soon
March 24, 2017 / 4:51 AM / 8 months ago

BUZZ-Indian banks surge; Jaitley says new measures on bad debt soon

** Indian bank shares surge; Nifty PSU Bank index jumps as much as 2.05 pct in early trade

** Government, RBI working on proposal to resolve issue of bad debts, will announce shortly, Finance Minister Arun Jaitley said on Thursday at a CNBC-TV18 event

** India has been seeking new ways to tackle stressed assets in the banking sector

** Bank of India up 3.6 pct, Bank of Baroda up 3.1 pct, ICICI Bank up 2.6 pct and State Bank of India up 2 pct

$1 = 65.4400 Indian rupees

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