Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21
The Nifty PSU Bank Index is much less tracked because it doesn't offer liquid F&O contracts
Vijaya Bank, Allahabad Bank, IDBI Bank, IOB, United Bank and Syndicate Bank were up 5% and 7%.
He will also review the performance of the lenders
Enthused by success of SBI merger, finance ministry is considering clearing another such proposal