31 Oct 2025 | 5 Mins Read
State-run lenders surge due to market gains and favorable factors
Flipitmoney
State-run bank stocks rallied with Union Bank rising 4.6% and Canara Bank up 2.4%, driven by hopes of higher foreign investment limits and strong technical momentum. A report by Nuvama Institutional Equities estimates potential $4 billion in passive inflows, with SBI expected to see $2.2 billion and Indian Bank $459 million, if the FII cap in PSU lenders doubles to 49%.