The PSU banks have tumbled in early morning trade today on BSE after the Union Cabinet allowed PSU banks to raise capital to meet their additional capital requirements under BASEL-III by diluting Government holding up to 52 per cent in a phased manner.
Oriental Bank of Commerce is the top loser - down nearly 3 per cent to Rs. 311. Syndicate Bank and Indian Overseas Bank have slipped over 2 per cent each at Rs. 130 and Rs. 60.85, respectively.
Allahabad Bank and Union Bank have tumbled almost 2 per cent each at Rs. 129 and Rs. 220, respectively.
Punjab National Bank, Andhra Bank and Bank of India have dropped over 1.5 per cent each at Rs. 1,091, Rs. 88 and Rs. 289, respectively.
Bank of Baroda, IDBI, Canara Bank and SBI are the other losers - down over a per cent each at Rs. 1,059, Rs. 70.40, Rs. 409 and Rs. 312, respectively.
Oriental Bank of Commerce is the top loser - down nearly 3 per cent to Rs. 311. Syndicate Bank and Indian Overseas Bank have slipped over 2 per cent each at Rs. 130 and Rs. 60.85, respectively.
Allahabad Bank and Union Bank have tumbled almost 2 per cent each at Rs. 129 and Rs. 220, respectively.
Punjab National Bank, Andhra Bank and Bank of India have dropped over 1.5 per cent each at Rs. 1,091, Rs. 88 and Rs. 289, respectively.
Bank of Baroda, IDBI, Canara Bank and SBI are the other losers - down over a per cent each at Rs. 1,059, Rs. 70.40, Rs. 409 and Rs. 312, respectively.
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