 "News Digest")
Govt bank stocks on fire after recapitalisation plan
An index of state-owned banks rallied an unprecedented 30 per cent — the biggest single-day spurt ever — and the benchmark indices climbed to record highs on Wednesday, reacting to the Cabinet nod a day earlier to Rs 2.11-lakh-crore bank recapitalisation plan and Rs 6.92-lakh-crore highway construction project. Read more
RBI, Centre see leap in economy
Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday hailed the government’s bank recapitalisation plan, terming it a “monumental step forward in safeguarding the country’s economic future”. Read more
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