PSU Bank Stocks Gain On RBI's Move On Stressed Assets

Mumbai: Shares of PSU banks on Tuesday gained up to 5 per cent after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments. The scrip of Punjab National Bank surged 5.18 per cent, Bank of India rose by 3.14 per cent, Bank of Baroda climbed 2.43 per cent on BSE. Shares of Indian Overseas Bank went up by 2.32 per cent and SBI gaine...