PNB continued to lost ground and ended nearly 2.5 per cent lower. ABB, which gained more than 10 per cent in the last 2 trading sessions, slipped and was the worst performer among index stocks - closing more than 2.5 per cent lower. Among metals, SAIL lost well over 2 per cent and Hindalco closed nearly 2 per cent lower.

Mumbai: Stand-alone Primary Dealers (PDs) can now diversify their activities including investment,trading in equity, units of equity oriented mutual funds and advisory services, merchant banking, etc., in non-core areas, other than areas like government securities and other fixed-income securities.

Yes there are more compliance and risk managers than ever-but more is not necessarily better.Yes you have much better quantification of risk through fancy Value at Risk models, but after the day this is not much use. The reason for this is not, as the financial press would have you believe, because these are complex, exotic financial instruments.

Addressing a gathering of bank's farming customers at the launch of the ATM-enabled Kisan Credit Card here on Tuesday, he said the bank would take a step forward in taking the technology to farmers.

"Our application and testimony should convince regulators that we will continue to support and expand upon the over 1150 independent bank branches already in our stores, and that our goal is to save money on transaction costs and then pass on those savings to working families who shop in our stores.

Muffie Benson-Perella ( muffie AT dealbreaker.com ) is an Associate in the Investment Banking Division of a "Bulge Bracket" bank. Her regular column "Heard in the Suite" is a probing (and, ahem, fictional) weekly look into the secret lives and behind the velvet curtains of the investment banking world.