PSU bank shares fall after govt says no plan to hike FDI limit
Nifty PSU Bank index fell 2.86% in early trade on Wednesday. This comes after Finance Ministry said there are no plans to raise foreign direct investment limit in public sector banks to 49%. Indian Bank shares were the top losers, falling around 6%. Shares of Punjab National Bank (4.24%), Bank of India (3.46%), and Canara Bank (3.22%) also declined.