28 Oct 2025 | 3 Mins Read
PSU banks surge on reports of raised foreign investment cap
Flipitmoney
The Nifty PSU bank rose 1.4% after reports of a possible 49% direct foreign investment limit in state-owned banks, up from 20%, to match private banks' 74% limit. The finance ministry is discussing this with RBI. Reuters noted increasing foreign investor interest in India's banking sector and the move aims to reduce regulatory disparity.