Shares of PSU Lenders Rise on Minority Stake Sale Hopes

Shares of four public sector banks (PSUs) surged on November 19, 2024, fueled by optimism over the government’s plan to sell minority stakes in these lenders. Investors are hopeful that this move will enhance the banks’ efficiency and unlock value. The potential privatization or stake sale is seen as a positive step for these banks, offering growth prospects and improved financial performance, boosting investor sentiment.