 "funds, recapitalisation of PSBs, recapitalisation plan")
Shares of public sector (PSU) banks have moved higher by 4% on the National Stock Exchange (NSE) after Moody's Investors Service said the outlook for the banking system in India (Baa2 stable) over the next 12-18 months are stable due to strength of economy and weak-but-steady asset quality.
Oriental Bank of Commerce, Bank of India, Union Bank of India, Bank of India, Punjab National Bank (PNB), Bank of Baroda and Canara Bank were trading 2% to 5% higher on the NSE.
At 01:55 pm, Nifty PSU Bank index had moved up 1.2% at 2,949 levels, as compared to
Oriental Bank of Commerce, Bank of India, Union Bank of India, Bank of India, Punjab National Bank (PNB), Bank of Baroda and Canara Bank were trading 2% to 5% higher on the NSE.
At 01:55 pm, Nifty PSU Bank index had moved up 1.2% at 2,949 levels, as compared to
