PCA rejig hope: Nifty PSU Bank index up 7%; OBC, Union Bank rally 10%

Shares of public sector undertaking (PSU) banks are in focus on Monday, with Nifty PSU Bank index surging 7% on the National Stock Exchange (NSE) after a media report suggest that the government expects some changes in the prompt corrective action (PCA) framework prescribed by the Reserve Bank of India (RBI) to enable more sanction of credit by PSU banks. 

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