PSU banks surge on recapitalisation plan; Central Bank of India up 11%, Allahabad Bank gains 8%
Updated : August 26, 2019 11:48 AM IST
The Nifty PSU Bank index rose over 6 percent after the government announced a Rs 70,000 crore recapitalisation plan
The measures come in an effort to save the weakening economy amid a consumption slowdown.
All constituents of the index were trading in green with Central Bank of India rising over 11 percent.
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