4 PSU bank stocks rally up to 10%, here's why SECTIONS Last Updated: Apr 01, 2021, 10:25 AM IST Share Agencies Related NSE Explore Now NEW DELHI: Shares of four PSU banks jumped up to 10 per cent after the government infused Rs 14,500 crore capital in them in a bid to improve their financial health. Indian Overseas Bank, Indian Overseas Bank surged 10 per cent to hit a high of Rs 17.60. Bank of India climbed 6.55 per cent to Rs 72.30. Central Bank of India advanced 4.89 per cent to Rs 17.15. UCO Bank gained 4.64 per cent to Rs 11.50. According to a government notification, Rs 4,800 crore has been provided to Central Bank of India, Rs 4,100 crore to Indian Overseas Bank, and Rs 2,600 crore to UCO Bank.