SBI, Canara Bank boost India PSU banking index

Canara Bank

23/09/2025 10:05

** Indian PSU banks .NIFTYPSU rise 1.1%

** Rise led by State Bank of India SBI.NS, which is up 2%, after CLSA identifies it among its top picks in large-cap lending space

** CLSA says that SBI, India's largest lender by assets, could reach $100 billion market cap within a year

** Canara Bank CNBK.NS rises about 2% after unit Canara Robeco Asset Management files updated DRHP with SEBI for an initial public offering

** CNBK set to gain for third consecutive session

** YTD, the sub-index is up 14%, CNBK climbs about 21% while SBI rises 9.7%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))