 "In its bi-monthly policy review on August 6, the RBI’s monetary policy committee unanimously voted to keep the policy rate unchanged at 4 per cent")
Shares of public sector banks were trading higher on the National Stock Exchange (NSE), in an otherwise weak market, on Wednesday. The Nifty PSU Bank index rose 4 per cent in the morning deals on the NSE as against a 0.36 per cent decline in the benchmark S&P BSE Sensex.
According to media reports, the government is considering extending "ratna" title to PSBs like SBI, and Bank of Baroda. As per government rules, a public sector enterprise can be awarded 'ratna' title to give them financial autonomy. Currently, there are four categories of 'PSU ratna' in India, namely 'miniratna-II', ;miniratna-I', 'navratna'
