PSU banks open strong as IPO plans and lending push lift investor sentiment; SBI, Canara Bank, PNB gain
PSU stocks: Shares of public sector banks (PSBs) such as State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Central Bank of India, and Bank of Maharashtra opened on a strong note Monday, after the finance ministry directed state-run lenders to explore monetising subsidiaries via IPOs or strategic stake sales in the medium…