PSU bank stocks recover strongly after recent weakness; Nifty PSU Bank index up 2%, SBI hits another record high
Public sector banks saw a strong recovery on November 25, with the Nifty PSU Bank index rising 1.8%. Notable performers included Bank of Maharashtra and Indian Bank, contributing to a 30% yearly return. Optimism about credit growth and asset quality supports the sector's performance.
Public sector banks saw a strong recovery on November 25, with the Nifty PSU Bank index rising 1.8%. Notable performers included Bank of Maharashtra and Indian Bank, contributing to a 30% yearly return. Optimism about credit growth and asset quality supports the sector's performance.
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