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PSU banks are under pressure after the Finance Ministry has directed managing directors (MDs) of public sector banks to examine all non-performing assets or bad loans over Rs 50 crore for possible fraud.US oil prices extended declines into a second day after industry data showed an increase in US crude and gasoline stockpiles, with surging production in the country hampering OPEC attempts to end a global glut.
US West Texas Intermediate crude was down 35 cents, or 0.56 percent, at USD 62.66, after falling 90 cents the previous session.
Brent crude contract fell 40 cents or 0.6 percent to USD 66.23 a barrel.
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