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Stocks broke key level and could aim for the year's low

Saturday, December 15, 2018, 8:39 AM

The S&P 500 could be getting ready to test a-new-range around the lows of the year that it reached in February a-level that is as much as 3% below current levels. The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and October low of 2,603. The S&P fell below 2,600 earlier this week but did not close below it until Friday.
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Govt wants to 'capture' RBI's reserves: Chidambaram

Sunday, November 18, 2018, 2:46 PM

Ahead of RBI Board meeting, Congress leader P Chidambaram on Sunday alleged that the central government was determined to "capture" the bank to gain control over its Rs.9 lakh crore reserves. In a series of tweets, the former finance minister also claimed that the government and the Reserve Bank of India was heading towards a "confrontation" in the Monday's board meeting of the bank.
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Bandhan Bank Shares Crash By 20%, Hit New All-Time Low

Monday, October 1, 2018, 3:20 PM

The shares of Bandhan Bank saw its biggest single-day decline at 20% on Monday, on account of the RBI's decision to put restrictions on the lender's operations. On Friday, after market hours, the bank in a statement said that RBI had barred it from opening any new branches and paying its CEO Chandra Shekhar Ghosh any remuneration, until further notice.

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