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Banks will now be responsible for the recruitment of employees by their recovery agencies. The Reserve Bank of India, in its draft guidelines on recovery agents engaged by banks, said, "Banks should have a due diligence process in place for engagement of recovery agents, which should be so...

A strong domestic demand and brisk changes in the rupee-dollar exchange rate seem to have led to an upward revision in flat steel prices in the last couple of months. As a result, the top five domestic steel producers were forced to resort to an average price increase of Rs 1,000 to Rs 2,000...