Low Float PSU Banks like UCO, IOB see gains of up to 9% ahead of RBI policy outcome

It must be kept in mind that all of these stocks have very little float in the market as the government holds most of the stake. The government holds a 95.39% stake in UCO Bank, 93.08% stake in Central Bank of India, 96.38% stake in Indian Overseas Bank, and a 98.25% stake in Punjab & Sind Bank.

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