New Delhi, Feb. 25 -- Several PSU bank stocks, including IDB Bank, Central Bank of India, Indian Overseas Bank (IOB), UCO Bank and Bank of Maharashtra, traded with decent gains in the morning trade on Tuesday, February 25, amid fresh divestment buzz.

Shares of these PSU banking stocks rose in an otherwise weak market after reports emerged that the Department of Investment and Public Asset Management (DIPAM) on Monday invited bids to assist the government in divesting its stake in public-sector banks.

According to a PTI report, "the Department of Investment and Public Asset Management (DIPAM) invited bids from merchant bankers and legal firms on Monday to assist the government in divesting its stake in public sector banks and listed fina...