PSU bank stocks ride past private sector peers in 2024, but how long will good days last?

March 14, 2024

Private banks lost to public sector banks in 2024 as the latter gave double-digit returns. HDFC Bank saw a correction in share prices, FIIs sold financial stocks, and Goldman Sachs issued a “sell” call on YES Bank. PSU banks rallied, but caution is advised in the sector.

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