The IT ministry and the Unique Identification Authority of India (UIDAI) has instructed all banks to move to Aadhaar Pay platform by March end.
IT stocks continue to remains under pressure on back of talks of re-introduction of immigration bill which proposes to increase wages from USD 65,000 to USD 100,000.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - HDFC Bank, IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Jain Irrigation, Lux Industries, Elgi Equipment & Hotel Leela.
The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions