PSU Banks Rally on RBI Move; Shares Surge Up to 12%

Mumbai: Shares of state-run banks on  Wednesday soared by up to 12 per cent after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles. Indian Bank jumped 12.27 per cent, Bank of Baroda zoomed 11.71 per cent and SBI surged 10.17 per cent on BSE. SBI was also the top gainer among 30-Sen...