PSU banks beat AI buzz: Why foreign investors are buying SBI, Bank of Baroda & PNB stocks
The Economic Times·2026-02-23 01:00
State-run banks are bucking a broader foreign pullback from the country’s equities, drawing inflows as lenders offer better valuations and stronger growth prospects.Foreign investors increased their stake in top state-run lenders including Bank of Baroda, In comparison, global funds sold about Rs.110 billion ($1.2 billion) worth of Indian tech shares in the first half of February, on course for their biggest monthly withdrawal from the sector since August.“These banks have caught up with private banks in di ...