Overbought or oversold? 5 PSU bank stocks on technical charts

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.

Shares of PSU Bank are in limelight following SBI's strong Q1 show. India's largest state-run bank reported a reported healthy business growth and operational performance aided by treasury gains in the quarter ended June 2025.  SBI's Q1FY26 net profit grew by 12.5 per cent year-on-year (YoY)to ₹19,160 crore up from ₹17,035 crore in Q1FY25. The bank's interest income rose by 6 per cent YoY to ₹1,17,996 crore. Following this, shares of PSU banks attracted renewed buying interest in the market.  Meanwhile on the bourses thus far in the financial year 2025-26, PSU banks have witnessed a