Public sector banks

PSU bank stocks steal limelight from private sector peers in 2023; will they do so in 2024?

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While benchmark Nifty 50 gave high double-digit returns in 2023, the sector with the highest weightage in the index did not lead the bull run. Year-to-date, the Nifty 50 has given close to 18% returns, whereas the Nifty Bank index gave a little over 10% returns. This underperformance was largely due to the moderate rise … Read more

Public sector banks: Public sector banks could re-rate further: Analysts

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Mumbai: Motilal Oswal Financial said Indian state-owned bank shares may rerate further driven by the ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs. The brokerage said SBI, Canara Bank and Bank of Baroda are its top picks. “Several PSBs have raised capital from the market and have a healthy … Read more