Unpacking the Reasons Behind Monday's Up to 6% Surge in PSU Bank Shares

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PSU Bank Shares Soar Up to 6% on Monday: SBI Leads Rally After Strong Q3 Results

PSU Bank Shares Soar Up to 6% on Monday: SBI Leads Rally After Strong Q3 Results

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CNBC TV18•09-02-2026, 11:37

PSU Bank Shares Soar Up to 6% on Monday: SBI Leads Rally After Strong Q3 Results

•Nifty PSU Bank index surged nearly 4%, with all 12 constituents trading in the green, hitting a new record high.
•State Bank of India (SBI) led the gains, rising over 6% following exceptionally strong December quarter earnings.
•SBI's domestic loan growth hit 15.6% YoY, surpassing top private and PSU banks, with management raising guidance.
•Pre-provision operating profit beat estimates by 17%, driven by a 66% jump in other income and muted expenses.
•Reduced DICGC insurance premium and favorable valuations further boost PSU banks, with SBI trading at a discount.

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