India's Nifty PSU Bank Index hits over 4-year high

Punjab & Sind Bank

21/11/2022 07:32

** India's Nifty PSU Bank Index  .NIFTYPSU , which tracks
state-run lenders, rises as much as 1.61% to 3,911.10 rupees,
its highest level since Jan. 25, 2018
    ** Index up for fifth straight session
    ** Gains led by UCO Bank  UCBK.NS , which rose by as much as
20% to its highest level in nearly 3 years
    ** Bank of Maharashtra Ltd  BMBK.NS , Punjab and Sind Bank
 PUNA.NS , Central Bank of India Ltd  CBI.NS , and Indian
Overseas Bank  IOBK.NS  rise between 11% to 15.5% to over 1-year
highs
    ** Index up 52.12% so far this year vs Nifty Bank Index's
 .NSEBANK  nearly 20% rise
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))