As more evidence emerges of the economy bouncing back post-demonetization, Maruti Suzuki reported strong February sales that beat last year's numbers with numbers up 10.9%. A total of 130,280 units were sold this February compared to around 117,451 in February last year. The biggest jump in sales have been in mid-size and SUV models, while mini and super-compact cars saw a dip. Growth has been driven by the Ciaz, Ertiga and Brezza models. 

The RBI is turning its attention to the pile of bad loans at Indian banks, with RBI official Viral Acharya proposing the creation "bad bank"-type institutions to buy and restructure stressed loans. The Central Bank also wants to take a "tough love" approach to lax banking practices and defaulters, with Acharya saying that failing to tackle the problem could lead India into crisis similar to Japan's stagnation in the 1990s.

Stock in spotlight: Persistent Systems, which has signed an agreement with the USAA - a Fortune500 financial services provider that serves the military and their families. The agreement will give Persistent development rights to a number of patented digital security innovations owned by the USAA. 

Photo of the day: A girl blows bubbles during a march outside Delhi University against violence on students and faculty members. AFP/Getty Images