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Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.
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
Indian Bank's Q3 FY26 profit rose 8% as strong RAM loan growth, steady CASA ratio and cautious pricing lifted margins, with MSMEs and retail driving advances
The Chennai-based lender made Rs 2,909.73 crore in consolidated net profit in Q3 FY25
Indian Bank on Thursday reported a 7.33 per cent growth in net profit to Rs 3,061 crore for the third quarter ended December 2025. The public sector bank had recorded a net profit of Rs 2,852 crore in the December quarter of 2024-25. Its net interest income increased 7.50 per cent to Rs 6,896 crore in the December 2025 quarter from Rs 6,415 crore a year ago, Indian Bank said in a statement. The total income rose to Rs 19,663 crore during the third quarter of the current fiscal compared to Rs 17,912 crore in the corresponding quarter of FY25. Provisions and contingencies reduced to Rs 857 crore in Q3 FY26 from Rs 1,059 crore in the year-ago period. Gross non-performing assets (NPAs) improved to 2.23 per cent during Q3 of the current fiscal against 3.26 per cent a year earlier. In value terms, gross NPA stood at Rs 14,268 crore during the quarter under review, compared to Rs 18,208 crore in Q3 of FY25. The total deposits increased by 12.62 per cent to Rs 7,90,923 crore in the Dece
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.
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.
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
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.
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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.
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.
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 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.
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.
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.
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'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