PSU banks extend gains; BoB, BoI, PNB hits 3-month highs

UCO Bank, Dena Bank, Bank of Maharashtra, Indian Bank and Corporation Bank were trading higher by up to 11%.

Shares of public sector undertaking (PSU) banks were trading higher for the third straight day on hopes of receding bad loans problem.

Bank of Baroda (up 3% at Rs 123), Bank of India (2% at Rs 106), Oriental Bank of Commerce (2% Rs 97.35), Punjab National Bank (2% at Rs 79.65) and Union Bank of India (2% at Rs 87.70) have hit their respective three-month highs today.

UCO Bank, Dena Bank, Bank of Maharashtra, Indian Bank and Corporation Bank were up in the range of 2% to 11% on the National Stock Exchange (NSE).

At 2:41 pm,