UCO Bank, other PSU bank stocks rally up to 8% as investors expect CRR cut from RBI

UCO Bank Share Price: Shares of PSU banks, including UCO Bank and Central Bank of India, rose up to 8% on Wednesday as the RBI's rate-setting panel meeting began. Brokerages anticipate a potential cut in the cash reserve ratio (CRR), with Citi highlighting that a 50 basis point reduction would benefit PSU banks like PNB, SBI, and Bank of Baroda.