Bank stocks rise as Arun Jaitley promises solution to bad loans
Friday, March 24, 2017, 6:15 PM
Shares of public sector banks ended with up to 6.5% gains on Friday after finance minister Arun Jaitley promised a solution to the growing problem of NPAs or bad loans within next few days. Bank of India jumped 5.02%, Bank of Baroda surged 4.26%, PNB (3.61%), Union Bank of India (3.29%) and Allahabad Bank (3.02%) on BSE. Oriental Bank of Commerce was up 6.45%.