The Nifty PSU Bank index saw a rise, influenced by Punjab Sind Bank's announcement to consider raising up to Rs 3,000 crore via Qualified Institutional Placement (QIP) on January 21. This move aims to meet capital requirements under Basel III regulations and fund general business needs. The government is also reportedly planning to dilute its stake in Punjab Sind Bank, Central Bank of India, and UCO Bank to meet minimum public shareholding norms.