10 Oct 2025 | 3 Mins Read
PSU lenders surge up to 4% on banking sector reforms
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The Appoints Committee approved revised guidelines for PSU Bank directors. State Bank of India can now have 3 public sector and 1 private sector directors. This reform drove PSU Bank indices up to 4 percent on October 10, led by UCO Bank Limited (over 3% gain) and Indian Overseas Bank Limited (2.4% gain).