India's PSU banks rise ahead of RBI policy meeting

Jammu And Kashmir Bank

01/04/2019 10:08

** Nifty PSU bank index  .NIFTYPSU  climbs as much as 3.2
pct
    ** The Reserve Bank of India will kick off a three-day
policy meet from Tuesday and is widely expected to cut rates by
another 25 basis points  urn:newsml:reuters.com:*:nL3N21J1L3
    ** Bank of Baroda  BOB.NS  surges as much as 6.7 pct, now
country's second-largest public sector bank as its merger with
Dena Bank  DENA.NS  and Vijaya Bank  VJBK.NS  comes into effect
on Monday  urn:newsml:reuters.com:*:nL3N1W33SD urn:newsml:reuters.com:*:nL3N1Z31MN
    ** Bank of India Ltd  BOI.NS  and Union Bank of India
Ltd UNBK.NS  up 2.2 pct and 3 pct respectively, while State Bank
of India  SBI.NS  1.6 pct higher
    ** Jammu and Kashmir Bank Ltd  JKBK.NS  soars as much as
11.55 pct to its highest since August 2018

 ((Reuters Messaging:
chandini.m.thomsonreuters.com@reuters.net))