At 11:39 AM on Wednesday; the Nifty PSU Bank index was the top gainer among sectoral indices, up 1.8 per cent at 8,581.65, as compared to 0.5 per cent rise in the Nifty 50.
As of 10:45 AM, the Nifty PSU Bank index was up 1 per cent, as compared to a 0.16 per cent decline in the Nifty 50.
The bond issue was opened on December 10. The bank received a total of 68 bids and has accepted 29 of them.
Nifty PSU Bank index hit a new high at 8,665.70, in Wednesday's intra-day trade, surpassing its previous high of 8,624.80 touched on Nov 20, 2025. The index has gained 4% in the past two trading days.
Indian Bank, Bank of Maharashtra, Bank of Baroda, Central Bank of India and Canara Bank were up in the range of 2 per cent to 3 per cent in intra-day trade on Tuesday.
Nifty PSU Bank index leads gains in 2025 as public sector lenders post strong loan growth, stable profitability and valuation comfort. Analysts expect the rally to continue into 2026
Bank of Baroda, Canara Bank, Bank of India, Union Bank of India, Uco Bank, Punjab & Sind Bank, Bank of Maharashtra, Indian Overseas Bank and Indian Bank were up in the range of 2-5% in Monday's trade.
The Mumbai-based lender's shares ended 1.67 per cent lower, closing at Rs 123.30 per share on the BSE
State-owned Bank of India (BoI) on Friday reported a 7.6 per cent rise in net profit to Rs 2,554 crore in the September quarter of FY26. The bank posted a net profit of Rs 2,374 crore in the July-September quarter a year ago. Total income rose to Rs 20,626 crore during the September quarter of FY26, from Rs 19,872 crore in the year-ago period. Gross non-performing assets (NPA) of BoI improved to 2.54 per cent of advances in Q2 compared to 4.41 per cent in Q2 of FY25. Provisioning for non-performing assets during the quarter under review was Rs 472 crore as against Rs 1,427 crore in Q2 of FY25. Shares of BoI settled at Rs 123.3 apiece, down 1.67 per cent over the previous close on the BSE.
Bank of India's global business rose to ₹15.61 trillion, up 11.8 per cent Y-o-Y from ₹13.97 trillion in the same period last year
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Bank of India reports 11.8% growth in global business and strong gains in domestic lending, with retail term deposits up 14% year-on-year in September
Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share
Thus far in the month of September, Nifty PSU Bank index has outperformed by surging 7.5 per cent, as compared to 3.7 per cent rise in the Nifty 50.
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PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025.
Shares of PSU banks have rallied up to 24% thus far in FY26; here's what technical charts suggest for Bank of India, Indian Bank, Bank of Baroda, PSB and Central Bank of India.
The public sector lender reported a 32.2 per cent year-on-year (Y-o-Y) rise in net profit levels during the quarter ended June 30, 2025, to ₹2,252 crore
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At 01:49 PM, the Nifty PSU Bank index, the top gainer among sectoral indices, was up 1 per cent, as compared to a 0.50 per cent decline in the Nifty 50