All the PSU Bank index constituents were trading lower, with Bank of India, Bank Maharashtra, Indian Bank, Bank of Baroda, and Union Bank of India falling in the range of 3 to 7 per cent
BOI's management guidance of stronger loan growth in the coming quarters, aided by a healthy disbursement pipeline and improving retail-to-corporate mix, remains a key positive, say analysts.
Stocks to watch on Thursday, January 22, 2026: KEI Industries, Bajaj Consumer Care, PNB Housing Finance and Jindal Stainless are among other key stocks to track today
Bank of India posted a 7.5% YoY rise in Q3FY26 net profit to ₹2,705 crore, driven by strong non-interest income and improved asset quality
Drumil Vithlani, technical analyst at Bonanza is bullish on Canara Bank, Union Bank of India and Bank of India, and expects up to 27 per cent upside on these 3 PSU Bank shares from here.
Since October 2025, Bank of India, Union Bank of India and Canara Bank have surged between 29 - 34 per cent. FPIs have increased stake in select PSU Banks by up to 3 per centage points.