Market 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.