positive
PSU banks outperform with steady gains and improved credit outlook
Public sector banks ended the week higher, gaining 2% as strong earnings and guidance fueled investor optimism. State Bank of India led the rally after posting robust loan growth and higher profitability outlook. Other lenders like Bank of Baroda and Canara Bank followed with notable gains amid expectations of improved asset quality. Analysts attribute the strength to declining NPAs, stable margins, and expanding credit demand. The banking index now outperforms broader benchmarks, showing strong institutional buying interest.
Pulse• By Pooja Kumari
Explore:High Return Equity Mutual Fund
positive
PSU banks outperform with steady gains and improved credit outlook
Public sector banks ended the week higher, gaining 2% as strong earnings and guidance fueled investor optimism. State Bank of India led the rally after posting robust loan growth and higher profitability outlook. Other lenders like Bank of Baroda and Canara Bank followed with notable gains amid expectations of improved asset quality. Analysts attribute the strength to declining NPAs, stable margins, and expanding credit demand. The banking index now outperforms broader benchmarks, showing strong institutional buying interest.
Pulse• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
77 words
Public sector banks advanced 2% for the week led by SBI, supported by solid earnings and improved loan growth outlook amid broad-based credit demand recovery.
Public sector banks ended the week higher, gaining 2% as strong earnings and guidance fueled investor optimism. State Bank of India led the rally after posting robust loan growth and higher profitability outlook. Other lenders like Bank of Baroda and Canara Bank followed with notable gains amid expectations of improved asset quality. Analysts attribute the strength to declining NPAs, stable margins, and expanding credit demand. The banking index now outperforms broader benchmarks, showing strong institutional buying interest.
Public sector banks ended the week higher, gaining 2% as strong earnings and guidance fueled investor optimism. State Bank of India led the rally after posting robust loan growth and higher profitability outlook. Other lenders like Bank of Baroda and Canara Bank followed with notable gains amid expectations of improved asset quality. Analysts attribute the strength to declining NPAs, stable margins, and expanding credit demand. The banking index now outperforms broader benchmarks, showing strong institutional buying interest.
Companies:
State Bank of India
Bank of Baroda
Canara Bank
Tags:
stocks
banking
stocks
banking
sbi
psu banks
india