PSU Banks Index on fire; SBI, PNB gain

India Infoline News Service | Mumbai | October 25, 2017 09:37 IST

The government's Rs 2.11 lakh crore recapitalization plan for public sector banks will also aid the credit growth in the economy, which is expected to benefit private corporate lenders.

PSU Bank Index gained 22.7% on NSE led by SBI, PNB and BoB after Cabinet approved Rs 2.11 lakh crore PSU Banks’ recapitalization plan for a two year period.

The government's Rs 2.11 lakh crore recapitalization plan for public sector banks will also aid the credit growth in the economy, which is expected to benefit private corporate lenders.

Punjab National Bank is currently trading at Rs 178.35, up by Rs 40.25 or 29.15% from its previous closing of Rs 138.1 on the BSE. The scrip opened at Rs 151.9 and has touched a high and low of Rs 193.3 and Rs 151.9 respectively.

Union Bank of India is currently trading at Rs 158.25, up by Rs 26.9 or 20.48% from its previous closing of Rs 131.35 on the BSE. The scrip opened at Rs 144.45 and has touched a high and low of Rs 164.65 and Rs 144.45 respectively.

State Bank of India is currently trading at Rs 303.35, up by Rs 48.85 or 19.19% from its previous closing of Rs 254.5 on the BSE. The scrip opened at Rs 279.95 and has touched a high and low of Rs 316.45 and Rs 279.95 respectively.

Bank of India is currently trading at Rs 168, up by Rs 27.55 or 19.62% from its previous closing of Rs 140.45 on the BSE. The scrip opened at Rs 154.45 and has touched a high and low of Rs 180.4 and Rs 154.45 respectively.

Bank of Baroda is currently trading at Rs 175, up by Rs 31.85 or 22.25% from its previous closing of Rs 143.15 on the BSE. The scrip opened at Rs 157.45 and has touched a high and low of Rs 185 and Rs 157.45 respectively.


***Note: This is a NSE Chart

 

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