PSU banks in focus

PSU banks remain very much in focus today  as they lead the top gainers list. Bank of Maharashtra rose over 15%, Central Bank of India hit the 10% UC, IOB went up over 10.5% and Bank of India too rose over 10.5%.

There are unconfirmed reports going around that the NITI Aayog and the Finance Ministry is scheduled to meet on 14^th April, specifically to discuss privatization of banks.

Reuters also put out a report stating that the Govt has shortlisted four banks – Bank of Maharashtra, Bank of India, IOB and Central Bank of India – precisely the reason why these stocks are the maximum gainers.