TURNING AROUND...

-  this sector valuation may not be the same as seen in the last several years. 

• RBI tightens JLF rules, directs banks not to break any norms, threatens to impose penalties
•  Govt. cracks down on banking laggards with top 2 PSB demotions 
• Govt sees ordinance as a weapon to end banks’ paralysis over bad loans
• Onus on RBI as govt notifies new rules to tackle NPAs of banks