The PSU Bank Index has risen by more than 56% in the last 1 year, the Nifty Private Bank Index rose by just 14%, and in the same period Bank Nifty by 13%, making PSU Banks the leader of the segment.
Post the pandemic phase of Covid, PSBs have moved into a high-growth orbit, with record profits and improvement in asset quality, which perhaps has renewed investor interest in them. Many PSB stocks have emerged as star performers, beating their private sector counterparts.