SBI, other PSU banks stocks rise up to 3% on reports of government move to raise FDI limit to 49%

PSU bank stocks rose up to 3.3% after reports said the government may raise foreign investment limits to 49% in state-run banks, more than double current caps. The finance ministry and RBI are in talks, aiming to align rules with private banks, where foreign ownership is allowed up to 74%.

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