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P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

P Chidambaram, Union Minister of Finance addresses press conference after the meeting with Chief Executives of Public Sector bank &Financial Institutions in New Delhi on Tuesday, 22 October 2013.

Public sector bank employees hold placards & shout slogan against the amendment of banking laws bill during the nationwide protest for the amendment of the bill, in Mumbai on Thursday, 20 December 2012.

Public sector bank employees hold placards & shout slogan against the amendment of banking laws bill during the nationwide protest for the amendment of the bill, in Mumbai on Thursday, 20 December 2012.

Public sector bank employee hold placard & shout slogan against the amendment of banking laws bill during the nationwide protest for the amendment of the bill, in Mumbai on Thursday, 20 December 2012.

Public sector bank employees hold placards & shout slogan against the amendment of banking laws bill during the nationwide protest for the amendment of the bill, in Mumbai on Thursday, 20 December 2012.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Ahmedabad on Thursday, 23 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Ahmedabad on Thursday, 23 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Mumbai on Wednesday, 22 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Mumbai on Wednesday, 22 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Mumbai on Wednesday, 22 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Mumbai on Wednesday, 22 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Employees of public sector banks hold placards & shouts slogans during the protest strike against reforms at Azad Maidan in Mumbai on Wednesday, 22 August 2012. The two-day nationwide strike is opposing banking sector reforms and outsourcing of non-core activities, affecting operations.

Pranab Mukherjee, Union Finance Minister addresses the press conference after meeting with Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee, Union Finance Minister addresses the press conference after meeting with Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee, Union Finance Minister with MoS Namo Narayan Meena releasing a souvenir on Regional Rural Banks in India prior during the meeting of Chief Executive Officers of Public Sector Banks & Financial Institutions in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee at press conference Pranab Mukherjee, Union Finance Minister during the press conference after meeting with Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee, Union Finance Minister addresses the press conference after meeting with Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee, Union Finance Minister comes out conference after meeting with Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Pranab Mukherjee, Union Finance Minister during the meeting of Chief Executive Officers of Public Sector Banks & Financial Institutions, in New Delhi on Tuesday, 12 June 2012.

Union Finance Minister Pranab Mukherjee arrives with Karnataka CM Sadanand Gowda, Andhra Pradesh CM Kiran Kumar & Kerala CM Oomen Chandy during the meeting of Finance Minister with Chief Minister's of South Zone/UTs &CEO's of Public Sector Banks/Financial Institutions in Bangalore on Sunday, 18 December 2011.

Karnataka Chief Minister Sadanand Gowda interacts with Andhra Pradesh Chief Minister Kiran Kumar during the meeting of Finance Minister with Chief Minister's of South Zone/UTs &CEO's of Public Sector Banks/Financial Institutions in Bangalore on Sunday, 18 December 2011.

Union Finance Minister Pranab Mukherjee shakes hand with Karnataka CM Sadanand Gowda, Andhra Pradesh CM Kiran Kumar, Kerala CM Oomen Chandy& Pondicherry CM Rangaswamy looks on during the meeting of Finance Minister with Chief Minister's of South Zone/UTs &CEO's of Public Sector Banks/Financial Institutions in Bangalore on Sunday, 18 December 2011. Union Finance Minister, Karnataka CM, Andhra Pradesh CM, Kerala CM, Pondicherry CM, Meeting,

Union Finance Minister Pranab Mukherjee addresses during a press conference at the meeting of Finance Minister with Chief Minister's of South Zone/UTs & CEO's of Public Sector Banks/Financial Institutions in Bangalore on Sunday, 18 December 2011.

Union Finance Minister Pranab Mukherjee addresses during a press conference at the meeting of Finance Minister with Chief Minister's of South Zone/UTs & CEO's of Public Sector Banks/Financial Institutions in Bangalore on Sunday, 18 December 2011.

R M Malla, Chairman and Managing Director of IDBI addresses media at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

R M Malla, Chairman and Managing Director of IDBI gestures at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

R M Malla, Chairman and Managing Director of IDBI addresses media at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

R M Malla, Chairman and Managing Director of IDBI addresses media as Executive Director and Group Head Retail Banking R K Bansal looks on at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

R M Malla, Chairman and Managing Director of IDBI addresses media at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

R M Malla, Chairman and Managing Director of IDBI with Executive Director and Group Head Retail Banking R K Bansal looks on at press conference by IDBI to announce waived off all service charges on Current and Savings accounts (CASA) in Mumbai on Wednesday, 01 September 2010.

Finance Minister Pranab Mukherjee addressing a press conference after a meeting with Chief Executives of Public Sector Banks and Financial Institutions at Vigyan Bhawan in New Delhi on Saturday, 14 August 2010.

Finance Minister Pranab Mukherjee addressing a press conference after a meeting with Chief Executives of Public Sector Banks and Financial Institutions at Vigyan Bhawan in New Delhi on Saturday, 14 August 2010.

Finance Minister Pranab Mukherjee addressing a press conference after a meeting with Chief Executives of Public Sector Banks and Financial Institutions at Vigyan Bhawan in New Delhi on Saturday, 14 August 2010.

Alok Misra, CMD of Bank of India; KR Kamath, CMD of Punjab National Bank; Ravi Parthasarathy, Chairman of IL&FS Financial Services Ltd (Participant); M V Nair, CMD of Union Bank of India; AC Mahajan, CMD of Canara Bank; MD Mallya, CMD of Bank of Baroda; Ramesh Bawa, MD & CEO of IL&FS Financial Services Ltd(Administrator); R C Khurana, General Manager – Credit; Arvindaksha, Field General Manager; Rajesh Kotian, Executive Director; Milind Patel, Deputy Managing Director; S K Sagar, General Manager - Credit; N Ramani, General Manager – Wholesale Banking and MC Gauba, General Manager during the signing of MoU between IL&FS and five public sector banks to launch Pan India Pooled Syndicating Facility - A unique Platform for Financial Debt of Infrastructure Projects in Mumbai on Tuesday, 27 July 2010.

Alok Misra, CMD of Bank of India having word with AC Mahajan, CMD of Canara Bank while M V Nair, CMD of Union Bank of India and MD Mallya, CMD of Bank of Baroda look on during the signing of MoU between IL&FS and five public sector banks to launch Pan India Pooled Syndicating Facility - A unique Platform for Financial Debt of Infrastructure Projects in Mumbai on Tuesday, 27 July 2010.