SBI, Other PSU Banks Gain as Fresh Merger Buzz Sparks Market Optimism
Shares of State Bank of India (SBI) and several public-sector lenders traded higher today as renewed speculation around another round of bank consolidation picked up steam. Market chatter indicates that the government may be evaluating fresh proposals to merge mid-sized PSU banks to strengthen balance sheets and improve operational efficiency.Investors reacted positively, anticipating stronger capital…