Shares in State Bank of India and other big state-run banks fell on Thursday as they stood to receive less money than investors had expected from the government’s much-awaited recapitalisation plan. Photo: Hemant Mishra/MintMumbai: Shares in State Bank of India and other big state-run banks fell on Thursday as they stood to receive less money than investors had expected from the government’s much-awaited recapitalisation plan. By contrast, smaller state-run lenders such as UCO Bank gained, as analysts said they would receive more funds than expected. State Bank of India shares were down 2.7%, Punjab National Bank was down 3.5% while Bank of Baroda was down 3.6%. UCO Bank was up 5.7%, United Bank of India rose 1.4% and Indian Overseas Bank was up 1.7%.

Source: Mint January 25, 2018 06:11 UTC