SBI, other PSU banks stocks rise up to 3% on reports of government move to raise FDI limit to 49%
Shares of public sector banks such as State Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, Indian Bank among others gained up to 3.3% after a Reuters report stated that India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits. The finance…