Nifty PSU Bank index rallies nearly 4%, hits new high; what's driving PSBs?

Nifty PSU Bank index movement today   Shares of public sector banks (PSBs) were in demand, with the Nifty PSU Bank index hitting a new high, as it rallied nearly 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade.    The sharp rally in the PSU Bank index was largely led by the sector giant State Bank of India (SBI) , which reported better-than-expected earnings for the quarter ended December 2025 (Q3FY26). SBI’s management revised credit growth guidance for FY26 upward to 13–15 pe ...