Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion
Among the other PSBs were Bank of Maharashtra, Bank of India, Indian Overseas Bank (IOB), United Bank, UCO Bank, Central Bank of India, Syndicate Bank including non-PCA banks -- PNB, Union Bank, Andhra Bank and Syndicate Bank -- so as to help them avoid the restrictions.
The Corporation bank counter traded close to 20 per cent higher while Allahabad Bank was up over 2 per cent. Reuters