PSU banks see up to 15% decline amid rising bond yields
after close1 source ↓written by the desknot a recommendation
- this month
- 12-15%
- has declined
- 12.6%
Shares of State Bank of India, Bank of Baroda, and Punjab National Bank have dropped 12-15% this month, driven by rising bond yields on India’s 10-year benchmark bond. The NIFTY PSU Bank index has declined 12.6%, marking its worst monthly performance since September 2020. This trend may pressure profitability for PSU banks. 📉
• NIFTY PSU Bank index fell in 8 of 12 sessions
• Other PSU banks like Punjab & Sind Bank hit 52-week lows
• Broader market gains provided some recovery recently.
Not investment advice. For informational purposes only.