Public sector bank (PSU) stocks were in focus after a Bloomberg report cited a finance ministry official stating that the Indian government may explore raising the foreign direct investment (FDI) limit in PSU banks.
According to the Bloomberg report, the government is also considering potential mergers of public sector banks as part of a broader plan to build bigger and stronger financial institutions. These discussions are reportedly aimed at strengthening the banking sector and attracting more global investment.
Banking stocks like SBI, Bank of Baroda, and PNB saw increased activity, with traders optimistic about potential reforms.
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