January 4, 2018 / 7:33 AM / 6 months ago

BUZZ-India's banking shares rise; govt seeks parliament nod for extra spending for recapitalisation

** Shares of Indian banks rise after the government sought parliament approval for 800 bln rupees ($12.62 bln) extra spending to recapitalise state banks

** Nifty PSU bank index gains as much as 2.9 pct in its biggest intraday pct gain since Dec. 18

** State Bank of India rises 2 pct and was among the biggest drivers of the NSE index, which was 0.32 pct higher

** IDBI Bank up 8.7 pct, Bank of India 4.6 pct, Punjab National Bank 4.4 pct

$1 = 63.4125 Indian rupees

0 : 0
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