{"id":22875,"date":"2025-11-03T08:00:12","date_gmt":"2025-11-03T08:00:12","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/11\/03\/psu-bank-stocks-rally-nifty-psu-bank-jumps-2-on-robust-q2-numbers-from-bank-of-baroda-canara-bank-markets-news\/"},"modified":"2025-11-03T08:00:12","modified_gmt":"2025-11-03T08:00:12","slug":"psu-bank-stocks-rally-nifty-psu-bank-jumps-2-on-robust-q2-numbers-from-bank-of-baroda-canara-bank-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/11\/03\/psu-bank-stocks-rally-nifty-psu-bank-jumps-2-on-robust-q2-numbers-from-bank-of-baroda-canara-bank-markets-news\/","title":{"rendered":"PSU Bank Stocks Rally: Nifty PSU Bank Jumps 2% On Robust Q2 Numbers From Bank Of Baroda, Canara Bank | Markets News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"story-9676544\">\n<p><span class=\"jsx-395e0e0beb19cb6e jsx-4143937483\">Last Updated:<\/span><time class=\"jsx-395e0e0beb19cb6e jsx-4143937483\">November 03, 2025, 12:57 IST<\/time><\/p>\n<h2 id=\"asubttl-9676544\" class=\"jsx-c9f81425ec968c48 jsx-320523477 asubttl-schema\">Nifty PSU Bank index advanced over 2%, lifted by a strong 3\u20135% surge in Bank of Baroda and Canara Bank shares; Key points for investors<\/h2>\n<div class=\"jsx-c9f81425ec968c48 jsx-320523477\">\n<figure class=\"jsx-c9f81425ec968c48 jsx-320523477 amimg\"><img decoding=\"async\" alt=\"The Nifty PSU Bank index climbed over 2% on Monday, propelled by a sharp 3-5% rally in Bank of Baroda and Canara Bank shares after Q2 FY26 earnings\" title=\"The Nifty PSU Bank index climbed over 2% on Monday, propelled by a sharp 3-5% rally in Bank of Baroda and Canara Bank shares after Q2 FY26 earnings\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=400&amp;height=225\" loading=\"eager\" fetchpriority=\"high\" class=\"jsx-c9f81425ec968c48 jsx-320523477\"\/><\/p>\n<p>The Nifty PSU Bank index climbed over 2% on Monday, propelled by a sharp 3-5% rally in Bank of Baroda and Canara Bank shares after Q2 FY26 earnings<\/p>\n<\/figure>\n<\/div>\n<p id=\"0\" class=\"story_para_0\"><strong>PSU Bank Stocks Rally:\u00a0<\/strong>The Nifty PSU Bank index advanced over 2% on Monday, lifted by a strong 3\u20135% surge in Bank of Baroda and Canara Bank shares following their Q2 FY26 results, alongside supportive policy chatter and consolidation buzz. All 12 constituents traded in the green.<\/p>\n<p id=\"1\" class=\"story_para_1\">Bank of Baroda jumped 4.6% to Rs 291.2 as of 11 am, touching a record high and driving the index 2.19% higher to 8,363.2. The lender reported a better-than-expected July\u2013September performance, with net interest margin rising 5 bps to 2.96% despite the 100-bps repo rate cut in June, and improvement in asset quality. While profit after tax declined 8% YoY, it rose 6% sequentially on lower provisions.<\/p>\n<p id=\"2\" class=\"story_para_2\"><strong>Broker sentiment turned more bullish post-earnings<\/strong><\/p>\n<ul class=\"listOncontentArticleUL\">\n<li><strong>HSBC<\/strong> reiterated buy and raised target to Rs 340, citing broad-based loan growth, NIM expansion and strong asset quality<\/li>\n<li><strong>Citi<\/strong> kept buy with a Rs 350 target, noting an 8% profit beat and healthy corporate loan traction<\/li>\n<li><strong>Nomura<\/strong> upgraded to buy and lifted target to Rs 320, flagging attractive valuations<\/li>\n<li><strong>CLSA<\/strong> reiterated outperform with a Rs 325 target, pointing to resilient asset quality despite softer fee income and lower CASA<\/li>\n<\/ul>\n<p id=\"4\" class=\"story_para_4\">Canara Bank gained 2.9% to Rs 140.94 after reporting sequential improvement in gross and net NPAs in the September quarter. Net profit grew 19% YoY to Rs 4,774 crore, while global advances and deposits climbed 13.74% and 13.40%, respectively.<\/p>\n<p id=\"5\" class=\"story_para_5\">Investor sentiment in state-run lenders was further boosted by policy-driven triggers. Reports last week indicated the government may allow up to 49% direct foreign investment in PSU banks \u2014 more than double the current 20% cap \u2014 narrowing the gap with private banks, where FDI is permitted up to 74%. The proposal, under discussion between the finance ministry and RBI, could enhance capital-raising avenues for public-sector lenders.<\/p>\n<p id=\"6\" class=\"story_para_6\">In a separate development, reports also suggested the government is evaluating a merger between Union Bank of India and Bank of India, a move that could create the second-largest PSU lender after SBI and support broader consolidation efforts.<\/p>\n<p id=\"7\" class=\"story_para_7\">Among other movers in the index, Indian Bank rose 3.22%, Union Bank gained 2.35% and Bank of India added 1.99%.<\/p>\n<div class=\"jsx-95088aad1b3c53cd atawrap\">\n<div class=\"jsx-95088aad1b3c53cd atadetailwrp\">\n<div class=\"jsx-95088aad1b3c53cd ataname\"><span class=\"jsx-95088aad1b3c53cd atthumb\"><\/p>\n<figure class=\"jsx-95088aad1b3c53cd\"><img decoding=\"async\" alt=\"Aparna Deb\" title=\"Aparna Deb\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/?impolicy=website&amp;width=60&amp;height=60\" class=\"jsx-95088aad1b3c53cd\"\/><\/figure>\n<p><\/span><\/p>\n<div class=\"jsx-95088aad1b3c53cd attitle\"><a href=\"https:\/\/www.news18.com\/byline\/aparna-deb-20948.html\" class=\"jsx-95088aad1b3c53cd atamail\">Aparna Deb<\/a><\/p>\n<p>Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a&#8230;<span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<p>Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a&#8230;<!-- --> <span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"jsx-c9f81425ec968c48 jsx-320523477 artcta\"><a href=\"https:\/\/news18.co\/n18egpab\" target=\"_blank\" rel=\"noopener noreferrer\">Follow News18 on Google<\/a>. Join the fun, play <a href=\"https:\/\/www.news18.com\/games\/\">QIK games on News18<\/a>. Stay updated with all the latest business news, including <a href=\"https:\/\/www.news18.com\/business\/markets\/\">market trends<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/topics\/stocks-to-watch\/\">stock updates<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>, IPO,\u00a0<a href=\"https:\/\/www.news18.com\/business\/banking-finance\/\">banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also <span data-olk-copy-source=\"MessageBody\">Download the\u00a0<a href=\"https:\/\/onelink.to\/eng-article-eop\">News18 App<\/a> to stay updated.<\/span><\/div>\n<div class=\"jsx-c9f81425ec968c48 jsx-320523477 atbtlink fp\"><span>First Published:<\/span><\/p>\n<div class=\"rs\">\n<p>November 03, 2025, 12:57 IST<\/p>\n<\/div>\n<\/div>\n<div class=\"jsx-c9f81425ec968c48 jsx-320523477 brdcrmb\"><a href=\"https:\/\/www.news18.com\/\">News<\/a>  <a href=\"https:\/\/www.news18.com\/business\/\">business<\/a>  <a href=\"https:\/\/www.news18.com\/business\/markets\/\">markets<\/a>  <span class=\"brdout\"> PSU Bank Stocks Rally: Nifty PSU Bank Jumps 2% On Robust Q2 Numbers From Bank Of Baroda, Canara Bank<\/span><\/div>\n<div id=\"coral-wrap\" class=\"jsx-ba4d8f086a12294f \">\n<div class=\"jsx-ba4d8f086a12294f coral-cont\">\n<div class=\"jsx-ba4d8f086a12294f coltoptxt\">Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our <a href=\"https:\/\/www.news18.com\/disclaimer\/\" class=\"jsx-ba4d8f086a12294f\">Terms of Use<\/a> and <a href=\"https:\/\/www.news18.com\/privacy_policy\/\" class=\"jsx-ba4d8f086a12294f\">Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n<p><span class=\"jsx-c9f81425ec968c48 jsx-320523477 rmbtn news18_read_more\">Read More<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/business\/markets\/psu-bank-stocks-rally-nifty-psu-bank-jumps-2-on-robust-q2-numbers-from-bank-of-baroda-canara-bank-9676544.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated:November 03, 2025, 12:57 IST Nifty PSU Bank index advanced over 2%, lifted by a strong 3\u20135% surge in Bank of Baroda and Canara Bank shares; Key points for investors The Nifty PSU Bank index climbed over 2% on Monday, propelled by a sharp 3-5% rally in Bank of Baroda and Canara Bank shares&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-22875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/22875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=22875"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/22875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/5824"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=22875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=22875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=22875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}