PSU banks in focus

about 4 months ago
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PSU banks remain very much in focus today  as they lead the top gainers list. Bank of Maharashtra rose over 15%, Central Bank of India hit the 10% UC, IOB went up over 10.5% and Bank of India too rose over 10.5%.

There are unconfirmed reports going around that the NITI Aayog and the Finance Ministry is scheduled to meet on 14th April, specifically to discuss privatization of banks.

Reuters also put out a report stating that the Govt has shortlisted four banks – Bank of Maharashtra, Bank of India, IOB and Central Bank of India – precisely the reason why these stocks are the maximum gainers.

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