Indian PSU banks head for best week since May

Bank of Baroda

19/09/2025 09:11

** Indian PSU banks .NIFTYPSU rise 5% this week, heading for their strongest weekly performance since mid-May

** Set for third consecutive weeks of gains with a 10% climb in September, eyeing best month since March, aided by government's tax cut

** All 12 constituents of PSU Bank index trading in the green, led by Uco Bank UCBK.NS which is up 7% this week

** Bank of Maharashtra BMBK.NS, Bank of Baroda BOB.NS , Punjab National Bank PNBK.NS and Canara Bank CNBK.NS all up ~6.5% this week

** BOB headed towards a strong FY26 growth in deposits and loans ,stable margins with a slight dip in Q2, and robust asset quality with expected outperformance on slippages and credit costs- Morgan Stanley

** PNB reiterates 11–12% loan growth for FY26, expects RoA to exceed 1.1% by FY27E, driven by strong retail/MSME traction, a shift toward high-yielding assets - Motital Oswal

** There is no proposal before the government to reduce its holding in public sector banks below 51%, Secretary of Department of Financial Services,M Nagaraju told CNBC-TV 18 On Tuesday.

** YTD, .NIFTYPSU up ~13.5%

 (Reporting by Urvi Dugar)