PSU banks outperform private banks in terms of returns, but private banks are preferred due to growth prospects and strong asset quality.
Better index to invest: Private banks vs PSU banks
Updated: 05 Sep 2023, 12:31 PM IST
Most banks have reported a healthy credit growth in Q1FY24. The PSU banks were way ahead of the private banks with Nifty PSU bank index rallying 60 percent and Nifty private bank index surging 14 percent in the last one year.
First Published: 05 Sep 2023, 12:31 PM IST