Nifty PSU Bank Index Performance: Bank of India, UCO Bank among 7 stocks rebound 15–56% from 1-yr lows - here’s why

What happened: PSU bank stocks have been recovering since late October, with the Nifty PSU Bank index rising to its highest level since April as overseas investors returned to domestic stocks. Key numbers: PSU bank stocks gained around 12% from recent lows. FPIs invested ₹53,739 crore in November so far. Why it matters: The rally was supported by strong September quarter results, including healthy credit growth, improving asset quality, and lower non-performing assets, alongside a rotation away from AI-linked stocks amid a global correction.

PSU bank stocks have been recovering since late October, with the Nifty PSU Bank index rising to its highest level since April as overseas investors returned to domestic stocks.

The rally was supported by strong September quarter results, including healthy credit growth, improving asset quality, and lower non-performing assets, alongside a rotation away from AI-linked stocks amid a global correction.