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BANKS AGAINST CORPORATES' FORAY INTO BANKING
Banks have advised the Reserve Bank of India against allowing industrial houses to enter the banking space, even as industry associations, NBFCs and MFIs have been in favour of corporates into banking. "Banks were not in favour of the proposal due to the unsavoury past experience in India and abroad and that large capital buffer that would be available to the banks sponsored by industrial/business houses would create an uneven playing field with the existing banks," RBI said in a statement.
LEAD STORIES
VILLAGERS SIGN PETITION SUPPORTING LAVASA PROJECT
Residents of 18 villages have said that they support the project as their villages have seen improvements in education, health, roads, water, jobs.
FOOD INFLATION ZOOMS TO 6-WEEK HIGH AT 12.13%
Food inflation increased 3% during the week to enter double digits for the first time since Nov 13 as onions, fruits, milk, vegetables became dearer.
SENSEX ENDS FLAT ON PROFIT BOOKING
Sensex fell to 19,982.88, down 32.92 points on profit booking by investors amid a mixed overseas trend. Nifty fell by 4.40 points to end at 5,980.
TOP STORIES
•Onion prices drop 22% on duty-free imports
•Deepak Parekh slams AP govt on MFI crackdown
•Apologise for 'destroying' Parliament: Pranab to Oppn
•BJP rejects UPA's special Parliament session offer
•Raja to appear before CBI for questioning on Dec 24
•Patni family split over stake valuation
•Dense fog restricts Pak onion exports to India
•Former Kerala CM K Karunakaran passes away
•Uphold highest standards of probity: Prez to bankers
•SBI taps debt market to ease liquidity crunch
•A2Z plummets 17.7% on debut trade
•Indian Hotels allots 36 mn shares to Tata Sons
•CIL production to fall short by 16 MT in FY11
•Airtel launches direct India-China terrestrial link
•SCI invites bids to start India-Sri Lanka ferry service
•BMW launches new 'X1' SUV for Rs 30 lakh
•Strides raises offer for Ascent Pharma to $100 mn
•Abbott recalls 359 mn diabetes testing strips
•US drags China to WTO over power equip subsidies
•Riversdale accepts Rio Tinto's $3.9 bn bid
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