PSB shares were trading higher on the NSE, in an otherwise weak market, today(12th August 2020). The Nifty PSU Bank index rose 4 percent in the morning deals on the NSE as against a 0.36 percent decline in the benchmark S&P BSE Sensex.
The government is considering extending "ratna" title to PSBs like SBI, and Bank of Baroda, according to media reports. As per government rules, a public sector enterprise can be awarded 'ratna' title to give them financial autonomy. Currently, there are four categories of 'PSU ratna' in India, namely 'miniratna-II', mini Ratna-I', 'navratna' and 'maharatna'.
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