Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.
A gauge of government-owned lenders — Nifty PSU Bank index rose 2.6 percent led by State Bank of India, Bank of India and Bank of Baroda.
