The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The move was taken after the crisis-ridden Lakshmi Vilas Bank was merged with DBS Bank India Ltd.
The Steel Authority of India Ltd has regained market capitalization of Rs 50,000 crore, after its stock climbed over 80 per cent in the past one and half month.
EXAMIANS