- By Aditya Pratap Singh
- Fri, 20 Feb 2026 11:52 AM (IST)
- Source:JND
Banking Stocks Today: Despite selling in IT heavyweights, the domestic equity indices erased the early losses to trade significantly higher in the early hours on the back of a decent rally in banking stocks--especially the uptick in shares of public sector banks. The Sensex was trading nearly 400 points higher.
Meanwhile, at the time of writing, Nifty Bank was trading 410 points or 0.68 per cent higher at 61,150.05. At the same time, Nifty PSU Bank was up doing business at 9,596.95, up 0.96 per cent.
The Nifty PSU Bank Index has gained over 58 per cent in the past year, whereas the Nifty Bank Index has gained nearly 23 per cent, and the benchmark Nifty 50 has gained over 10 per cent.
Why PSU Bank Stocks Are Surging High
The recent rally in shares of public sector banks has been driven by sustained buying from foreign institutional investors.
Among public sector banks, foreign investors are most bullish on Bank of Maharashtra as they have steadily increased their stake in the bank over the past year. About a year ago, FIIs' stake in BoM was nearly 1.5 per cent. Now, it has increased to nearly 5 per cent.
Similarly, foreign holdings in Union Bank of India have increased to 8.14 per cent, and in Canara Bank, their stake reached over 14.5 per cent.
During September to December 2025, foreign holdings also increased in other public sector banks, such as Bank of Baroda, Indian Overseas Bank, Punjab National Bank, and State Bank of India, between the September and December 2025 quarters.
All Banking Shares Rise
Except for SBI and HDFC Banks, the shares of all the participants of the Nifty Bank were trading higher. Union, Bank Canara Bank, PNB and Federal Bank were the top gainers of the 14-stock index.
PSU Bank Stock Today
Union Bank Share Price: The stock was trading at 193.27, up 1.98 per cent.
Canara Bank Share Price: The shares were trading at Rs 151.85, up 1.63 per cent.
PNB Share Price: The Punjab National Bank stock was doing business at Rs 127.97, up 1.48 per cent.
Bank of Baroda Share Price: The shares were trading at Rs 306.70, up 0.74 per cent.
Private Bank Stocks Today
Federal Bank Share price: The shares were trading at Rs 291.85, up 1.23 per cent.
IndusInd Bank Share Price: The stock was trading 1.03 per cent higher at Rs 936.90 per share.
Kotak Bank Share Price: The shares were trading at Rs 420.40, up 0.96 per cent.
The shares of ICICI Bank, Yes Bank, AU Bank And IDFC First Bank were trading up to 1 per cent higher at the time of writing.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.