SBI vs HDFC Bank: Why public sector banks are beating private banks on the stock market
Public sector banks in India are gaining recognition from investors as their improved asset quality and profitability lead to outperformance compared to private banks. In the past month, State Bank of India saw a 15% increase, Punjab National Bank rose by 26.82%, and Canara Bank gained 23.5%. Union Bank and Bank of Baroda also experienced gains of over 13% and 15% respectively. This shift in investor perception reflects the stronger profitability of public sector banks compared to their private counterparts.
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