19 Jun 2026
The Centre plans to raise about 13,000 crore rupees through an 8 to 10 percent offer for sale in Punjab and Sind Bank, UCO Bank and Indian Overseas Bank.
The OFS trims government holding towards minimum public shareholding norms, adding near-term supply in the three PSU bank counters.

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.