Indian Bank hits record high, SBI gains 2% as PSU bank stocks rally; Nifty PSU Bank index jumps 3.4% in 2 days
Published on 11/09/2025 02:20 PM
PSB Stocks Today: Public sector banks (PSBs) continued their rally on Thursday, seeing gains for the second straight day amid rising expectations of strong credit growth. The Nifty PSU Bank index climbed 1.3 per cent by 11:03 AM—substantially ahead of the Nifty 50, which rose just 0.06 per cent over the same period.
Over the past two sessions, the PSU Bank index has surged 3.4 per cent, compared to a modest 0.5 per cent gain in the benchmark index. The index also hit an intraday high of 7,142.25, staying about 2.3 per cent below its 52‑week high of 7,304.80 touched in mid‑July 2025.
Indian Bank made headlines, hitting a fresh high of Rs 701.85, up 5 per cent over two days.
Add Zee Business as a Preferred Source
State Bank of India (SBI) saw its stock rise roughly 2 per cent in the same period.
Other gainers included Uco Bank, Punjab National Bank, Canara Bank, Central Bank of India, Union Bank of India, Bank of Maharashtra, and Bank of India, each trading higher by 1 to 2 per cent.
Data from Care Edge Ratings shows that PSBs have surpassed private sector banks (PVBs) in credit offtake for three consecutive quarters. Their credit‑to‑deposit (CD) ratios remain more stable, giving PSBs more lending headroom. As of Q1 FY26, PSBs held 53.8 per cent of the market share, up 55 basis points year‑on‑year, while private banks lost 58 bps.
PSBs are also expanding in the retail, agriculture, and MSME segments, benefiting from a wide branch network and government scheme inflows. Since March 2020, PSBs saw an increase in deposits of Rs 47.5 lakh crore, slightly ahead of the Rs 42.4 lakh crore rise for private banks.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
Senior Sub-editor at Zee Business English
shweta.shukla@India.com
Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.