Indian Overseas Bank Soars 50% In Three Sessions On Privatisation Report

Indian Overseas Bank shares rallied as much as 50 per cent in the past three trading sessions on reports that the government has shortlisted it, along with three other mid-sized state-run banks, viz. Bank of India, Central Bank of India and Bank of Maharashtra for privatisation. Indian Overseas Bank has hit the 20 per cent upper limit at Rs 18.80 on the NSE. The Nifty PSU Bank index gained around 32.77 per cent in the last one month ...