The Mumbai Stock Exchange closed about 200 points down; it indicated that market had discounted, booked profits or plain shrugged off the RBI's not so convincing rate cut. The monetary transmission mechanism is taking its time to readjust lending rates downwards.
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The Royal Bank of Scotland is reportedly likely to axe 14000 jobs all around.
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Stanchart profits went down by 25 % as it got afflicted by non performing assets.
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The Royal Bank of Scotland is reportedly likely to axe 14000 jobs all around.
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Stanchart profits went down by 25 % as it got afflicted by non performing assets.
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