Synopsis:

PSU Banking stocks are in focus as reports suggest that the Indian government is planning to raise foreign investment limits from the existing 20 percent limit to upto 49 percent, aiming to enhance liquidity and raise investor trust.

NIFTY PSU bank jumped as high as 1.56 percent or 116.4 points on Wednesday on positive news that commenced in the banking industry. In this article, we will dive much deeper into this report.

About the News

According to reports, the government is planning to increase foreign investment in public sector banks (PSUs) from the present 20 percent to upto 49 percent and still keeping the majority stake of over 51 percent. The officials are assessing the distribution and voting arrangements to see if any changes can be made without altering the way ban

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