THE MIRACLE HAPPENED > Today at the ring of Opening Bell of
Stock markets, PSB shares skyrocketted, PNB, BOB the lead with more
than 30% rise, our Indian Bank rose 13%, thanks to Fm announcement of
massive recapitalisation. Since beginning of of the month PSB shares
sagging on RBI report of "No respite for Indian banks as bad loans hit
record $146 billion". & A review of Reserve Bank of India (RBI) data
obtained through right-to-information requests shows banks' total
stressed loans - including non-performing and restructured or rolled
over loans - rose 4.5 percent in the six months to end-June.
= VBV Ramesh
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