The Government of India has upped its shareholding in multiple PSU banks in the March quarter. The promoter increase stock screener tracks stocks where promoters have increased their stake by more than 2% QoQ.
When filtering for banks, the stock screener identifies PSU banks having seen a significant jump in promoter (Indian government) shareholding QoQ. Of the 12 PSU banks in the list, IDBI Bank, Oriental Bank of Commerce and Union Bank have seen the biggest increases.
