Indian Bank News

Nifty PSU Bank index rallies 2%, hits record high; what's driving PSBs?

Union Bank of India surged 8%, while Bank of Maharashtra, Indian Bank, Indian Overseas Bank and Punjab & Sind Bank were up 4% each on the NSE in intra-day trade.

Indian Bank shares rise 3% on releasing Q3 update; check key details here

The public sector bank's total business in Q3 grew 13.4 per cent to ₹14.3 trillion, as compared to ₹12.61 trillion a year ago

PSU Bank index soars 31% in 2025; outperforms Nifty for 5th straight year

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.

BS Samriddhi: 'Uttar Pradesh has turned into a vibrant startup hub'

Indian Bank's Sudhir Kumar Gupta outlines how credit, fintech partnerships and startup funding can help Uttar Pradesh move towards a $1 trillion economy

PSU banks in focus; SBI, Canara Bank gain 2% in subdued market; here's why

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.

PSU bank stocks rally: SBI, Bank of Baroda, Canara Bank near record high

Nifty PSU Bank index has bounced back 55 per cent from its 52-week low level of 5,530.35 touched on March 3, 2025.

Midcap, Smallcap underperform; Natco, Kaynes, Epack, CarTrade down 4%

At 12:26 PM, the BSE Sensex was up 0.21 per cent as compared to 0.22 per cent decline in the BSE Midcap index and 0.29 per cent fall in the BSE Smallcap index.

Nifty PSU Bank index at new high; up 27% in 3 months; what's driving PSBs?

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.

Nifty PSU Bank index up 2%, SBI at new high; here's why PSBs are in demand

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.

PSU Bank index zooms 24% since Sep; Bank of Baroda, Canara near record high

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.

Nifty PSU Bank index hits new high, rallies 20% in 2 months; here's why

State-run banks, SBI, Uco bank, PSB among others gained up to 2% amid reports that India may considering allowing up to 49% FDI in PSU banks, more than double the current 20% cap.

ECL framework to improve banks' overall credit culture: Indian Bank CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar

Indian Bank profit rises 11% to Rs 3,108 cr in Q2, asset quality improves

Indian Bank's Q2FY26 net profit climbs 11% to Rs 3,107.9 crore on higher income and better asset quality, with gross NPAs dipping to 2.6% and strong deposit growth

Nifty Bank up 1%, nears all-time high; SBI, Canara, PNB log 52-week highs

Nifty Bank index hit an intra-day high of 57,458.85 on the NSE, and was just 170-odd points shy from it's all-time high level of 57,628.40 registered on July 2, 2025.

Nifty PSU Bank index rallies 2%, SBI stock nears record high; here's why

SBI, Uco Bank, Punjab & Sind Bank, Indian Overseas Bank, Central Bank of India, PNB and Canara Bank were up in the range of 2 per cent to 5 per cent in Friday's intra-day trade.

Indian Bank market-cap nears ₹1 trillion; stock zooms 43% in CY 2025

Indian Bank's market cap hit ₹99,655 crore in intra-day trade on the BSE. Meanwhile, analysts at Motilal Oswal Financial Services (MOFSL) reiterated BUY rating on Indian Bank stock.

Motilal Oswal sees re-rating potential for PSU banks; SBI, PNB top bets

Despite a nearly 5x jump in aggregate mcap since FY20, most coverage PSBs still trade at reasonable valuations of 0.8-1x forward P/B & 5-7x FY27E EPS, leaving room for further upside.

SBI, Canara, Indian Bank hit 52-wk highs; PSU Bank index up 1%; here's why

In the past one month, the Nifty PSU Bank index has outperformed the market by surging 8 per cent, as compared to less than 1 per cent rise in the Nifty 50.

Systematix bullish on PSBs; BoB, Union Bank may rise up to 30%: Here's why

Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share

Nifty PSU Bank index rises 2%; nears 52-week high. What's driving PSBs?

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.