PSBs surge: Oriental Bank, PNB, Union Bank, BOI, BOB up over 25% in March

Thus far in March month, Nifty PSU Bank index surged 18%, its biggest monthly gain in past 17 months, as compared to 6.5% rise in the Nifty 50 index.

Shares of public sector banks (PSBs) continued at their up move with Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Union Bank of India, Bank of India (BOI) and Bank of Baroda (BOB) rallying over 25 per cent each in March.

State Bank of India (SBI), Syndicate Bank, Punjab & Sind Bank, Indian Bank, Allahabad Bank and Andhra Bank, too, gained between 10 and 24 per cent thus far in the month,

Thus far in March, Nifty PSU Bank index has surged 18 per cent - its biggest monthly gain in the past 17 months, after rating