Public sector banks` stocks decline after government not considering any proposal to raise FDI limit for PSU banks
Public sector banks’ stocks decline after Minister of State for Finance Pankaj Chaudhary said that the government is not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks to 49 per cent, from the current 20 per cent.
Indian Bank is currently trading at Rs. 807.15, down by 52.30 points or 6.09% from its previous closing of Rs. 859.45 on the BSE. The scrip opened at Rs. 866.90 and has touched a high and low of Rs. 866.90 and Rs. 804.10 respectively. So far 211914 shares were traded on the counter.
Punjab National Bank is currently trading at Rs. 120.35, down by 5.15 points or 4.10% from its previous closing of Rs. 125.50 on the BSE. The scrip opened at Rs. 125.55 and has touched a high and low of Rs. 125.55 and Rs. 119.50 respectively. So far 1357545 shares were traded on the counter.
Canara Bank is currently trading at Rs. 146.25, down by 5.80 points or 3.81% from its previous closing of Rs. 152.05 on the BSE. The scrip opened at Rs. 152.90 and has touched a high and low of Rs. 152.90 and Rs. 146.15 respectively. So far 1999301 shares were traded on the counter.
