Business

The four organisations -- All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC), National Organization Of Bank Officers (NOBO) have also threatened a two-day strike from September 25 to September 27.

The economic growth slowed to a seven-year low to 5 per cent in April to June quarter from 8 per cent a year ago, as per the government data.

The RBI said that the consumer credit, including personal loans and credit card receivables, attracts a higher risk weight of 125 per cent or higher if warranted by the external rating of the counterparty.

Auto stocks were hit across the board with Tata Motors losing by 3.8 per cent, Maruti by 3 per cent and Eicher Motors by 2.3 per cent. Among the other prominent losers were JSW Steel, Zee Entertainment, GAIL, Bharti Airtel and UPL.

Tata Steel moved up by 2.9 per cent. ICICI Bank edged higher by 2.9 per cent and IndusInd Bank by 2.3 per cent. Oil marketing firms like Indian Oil and Bharat Petroleum gained by 1.7 per cent each.

At the National Stock Exchange, all sectoral indices except for IT were in the positive zone. Nifty metal gained by 1.8 per cent, auto by 1.7 per cent and PSU bank by 1.2 per cent.

The Americas and Asia Pacific are most affected by concerns about the US-China trade war while Africa is least affected, the IMF said in a new index aimed at quantifying trade uncertainty.

The number of cases registered in State Bank of India (1,197), Punjab National Bank (99) and Allahabad Bank (381) were higher as compared to other banks.

A day earlier, equity benchmark indices continued to gain with the Nifty rising for the fourth consecutive session and closed above the psychological 11,000 mark.