Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise

Some of the sops being offered to rope in new clients and retain the existing ones are cashbacks, reduced fee, and customised consultancy for clients.

Some overseas investors refuse to be part of roadshows, citing environment risks

Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300