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MARKET EYE-Indian banks gain on banking amendment bill expectations
December 18, 2012 / 9:24 AM / 5 years ago

MARKET EYE-Indian banks gain on banking amendment bill expectations

* 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
* 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. 

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