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RBI directs oil cos to buy dollars from one PSU bank

Last Updated: Tuesday, July 9, 2013, 19:00

State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.

PSU bank asset quality yet a concern

Last Updated: Saturday, May 11, 2013, 19:34

An improvement is likely since bankers are keen to say worst is over.