At 09:43 am, Nifty PSU Bank index was down 2.6% as compared to a marginal 0.04% gain in Nifty 50 index.
SBI, Canara Bank, Oriental Bank of Commerce, Union Bank of India and Bank of Baroda were up 2%-3% on the NSE.
Thus far in March, the PSU Bank index has surged 20% as compared to 13% rise in Nifty Bank and 9% gain in Nifty50 index