Why PSU bank stocks are rising from the ashes

Nifty50 and Nifty Private Bank indices both have outperformed the Nifty PSU bank by ~8x and ~11x, respectively. But the recent stock performance of PSU banks has been rather unprecedented. On a YTD basis, Nifty PSU bank index has gained about 34%, while Nifty 50 and Nifty Private Bank index have gained only ~14.25% & ~2.2%, respectively.

Why PSU bank stocks are rising from the ashes
Nifty50 and Nifty Private Bank indices both have outperformed the Nifty PSU bank by ~8x and ~11x, respectively. But the recent stock performance of PSU banks has been rather unprecedented. On a YTD basis, Nifty PSU bank index has gained about 34%, while Nifty 50 and Nifty Private Bank index have gained only ~14.25% & ~2.2%, respectively.