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India’s public banks: The 500% market mystery
Mint Mumbai
|November 12, 2025
The turnaround in PSU banks has been in motion for several quarters now, which makes this year's sharp outperformance in the PSU Bank Index particularly intriguing. In recent weeks, there has also been a spike in the share volumes of Union Bank of India, Canara Bank and Bank of Maharashtra, among others. Could there be a deeper trigger at play this time?
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“There is speculation of consolidation of some of the smaller public sector banks into the larger ones. We believe this is positive as smaller PSU banks suffer from relatively poor operating metrics, and any consolidation may lead to more focused growth and advantage of scale,” Quantum AMC’s Mathai observed.
The backdrop certainly looks ripe.
Denne historien er fra November 12, 2025-utgaven av Mint Mumbai.
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