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PSU bank shares surge as Arun Jaitley promises solution to bad loans

PSU bank shares surge as Arun Jaitley promises solution to bad loans

Friday, March 24, 2017, 7:13 PM

Shares of public sector banks rose by up to 4.5% on Friday after Finance Minister Arun Jaitley promised a solution to the growing non-performing assets (NPA) problem within next few days. Bank of India shares rose by 4.5%, Bank of Baroda surged 4.16%, Union Bank of India (3.18%), Punjab National Bank (3%) and State Bank of India (2.49%) on BSE.
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