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PSU bank stocks rallied after reports suggested the government may ease foreign investment limits and explore further consolidation. Potential reforms include corporate entry into banking under strict safeguards. The government aims to build stronger banks to support economic growth, following the 2019 merger of 10 PSU banks into four.
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The UK's financial watchdog says the bank had failed to properly check two of its clients.
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The US will lower its tariffs threatened on goods from Indonesia to 19% from a planned 32%.
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