April 1, 2019 / 9:11 AM / 3 months ago

BUZZ-India's PSU banks rise ahead of RBI policy meeting

** Nifty PSU bank index climbs as much as 3.2 pct

** The Reserve Bank of India will kick off a three-day policy meet from Tuesday and is widely expected to cut rates by another 25 basis points

** Bank of Baroda surges as much as 6.7 pct, now country’s second-largest public sector bank as its merger with Dena Bank and Vijaya Bank comes into effect on Monday

** Bank of India Ltd and Union Bank of India Ltd up 2.2 pct and 3 pct respectively, while State Bank of India 1.6 pct higher

** Jammu and Kashmir Bank Ltd soars as much as 11.55 pct to its highest since August 2018

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