State-run banks edge higher after government planned to draw up a new process to appoint top officials at lenders.
Bank of Baroda Ltd gained 0.7 per cent; Oriental Bank of Commerce Ltd was up 0.4 per cent.
Government decided late Monday to draw up a new process to appoint top officials at state-run banks, as part of its efforts to fix a distressed banking system that is hampering the economy’s recovery from its longest slowdown in years.
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