A look at the headlines in this sector right now

  1. RBI deputy governor reasserts March 2017 deadline for banks to clean up balance sheets: In October, the bank had said it would deal with non-performing assets in a pragmatic manner.
  2. Normalcy will return in 10 days, says SBI chief Arundhati Bhattacharya: A report published by the bank in March had indicated that scrapping the high-value currency notes was on the cards.
  3. Smartphone sales in India up, more than 30 million units shipped during Q3: The International Data Corporation said the rise in handset trade was because of massive online sales and preparations for the festive season.  
  4. British Virgin Islands fines Mossack Fonseca firm $440,000 for regulatory violations in Panama Papers case: A leak of documents from the law firm’s database in April revealed the hidden offshore wealth of leaders and celebrities, including 500 Indians.
  5. Indian trade indices lose morning momentum, with Sensex closing at 26,298 and Nifty at 8,126: Observers predict short-term volatility and downtrend in the market. 
  6. Petrol rates slashed by Rs 1.46, diesel by Rs 1.53 per litre: The price drop excludes state levies and the actual cut will be higher after considering them.
  7. Use of indelible ink initiated to stop repeat currency exchanges: Banks have started using the ink to mark customers in certain metro cities.