Banking
- RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow; withdrawals capped at Rs 1 lakh
- Bank credit grows 8.01 pc; deposits 9.28 pc
- Bad bank starts rolling, to start by taking up Rs 50,000 crore bad loans
- Federal Bank in tie up with Singapore's Scube Capital launches debt fund
- Decks cleared for setting up of Bad Bank, SBI chairman says all approvals received
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