Private vs PSU Banks: Which ones should you choose in the current market scenario?

In the last 1 year, PSU banks have outperformed private banks with the Nifty PSU Bank index surging over 67 percent and the Nifty Private Bank index advancing 33 percent. However, this trend has reversed in recent times.

Valuation comfort remains with PSU banks despite sharp gains, says report

Despite rising interest rates and high inflation, the banking sector is doing well, on the back of a recovering economy. The last couple of quarters indicate credit demand is picking up and Return on Assets (RoA) is more than acceptable at the moment, said the report.

Nifty PSU Bank index surges over 5% with all 12 stocks gaining; Union Bank tops

On Friday, the Nifty PSU Bank index rose by 5.40% to 3,970, with all 12 constituents of the index closing with gains of more than 5%. Union Bank of India had the highest gain among all PSU bank stocks, rising by 8.3% to ₹72.4 apiece.

No PSU bank stock rose in 2023 so far after a stellar 2022; should you buy or stay away?

In 2023, the Nifty PSU Bank index has fallen over 13 percent with all its constituents in the red. Meanwhile, in the last 1 year, the index has given over 40 percent returns to its investors. What should you do?

Bank of Baroda vs Punjab National Bank: Which is a better long-term investment?

On the back of strong earnings but a fall in stock prices, PSU banks have been in focus. But from a long-term perspective, let's find out which is a better PSU bank between Bank of Baroda (BoB) and Punjab National Bank (PNB).

11 Nifty50 companies posted net profit growth of more than 50% in Q3FY23; See list here

The auto industry put out a good showing, with several companies reporting increases in sales. Maruti Suzuki reported a 130% jump in its net profit in the third quarter of the financial year 2023, beating analyst estimates. Indian IT biggies delivered a strong performance in the December quarter and also offered clarity on the demand scenario, which is not as negative as previously anticipated.

PSU banks' profit up 65% in December quarter, BoM tops list: Report

For the first nine months of the current financial year, PSBs have earned a cumulative profit of ₹70,166 crore as compared to ₹48,983 crore in the year-ago period, an increase of 43 percent. In Q3 FY23, the Bank of Maharashtra emerged as the top performer in terms of percentage growth in profit, the report said.

2022 in Review: PSU bank stocks dazzled this year; will the momentum continue?

Stocks such as UCO Bank, Bank of Baroda, Indian Bank and Punjab and Sind Bank have surged more than 100 percent each this year. 

Nifty PSU Bank rallied 61% in 2022; valuation still looks reasonable for PSU banks, says ICICI Direct

Despite the recent surge, domestic brokerage house ICICI Direct believes that the risk-reward still favour PSU Bank valuations and that the valuations remain reasonable for them.

Robust Indian economic outlook with global recovery augur well for India, says Vinit Bolinjkar of Ventura Securities

<ul><li>Bolinjkar believes in 2023, infrastructure, cement, metals, banking and consumption story will play a key role in the overall business performance, and is expected to accelerate Nifty earnings.</li></ul>

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Private vs PSU Banks: Which ones should you choose in the current market scenario?

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