Select State-Run Banks Soar For Second Straight Day On Privatisation Buzz

Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra shares rallied as much as 20 per cent for the second consecutive day on reports that the government has shortlisted the four mid-sized state-run banks for privatisation. News agency Reuters, in a report on Tuesday citing sources, had referred to the four banks as potential privatisation candidates. Bank Of India, Bank of Maharashtra and Indian Overseas...