Bengaluru, Sept. 24 -- NIFTY PSU bank jumped as high as 1.56 percent or 116.4 points on Wednesday on positive news that commenced in the banking industry. In this article, we will dive much deeper into this report.

About the News According to reports, the government is planning to increase foreign investment in public sector banks (PSUs) from the present 20 percent to upto 49 percent and still keeping the majority stake of over 51 percent. The officials are assessing the distribution and voting arrangements to see if any changes can be made without altering the way banks are managed and decisions taken.

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