Canara Bank, UCO Bank, SBI and other PSU banks fall up to 5% as bond yields rise sharply
PSU lenders including Bank of Baroda and Canara Bank experienced significant sell-offs on March 27 due to rising bond yields, which reached 6.9%. The Nifty PSU Bank index fell 3.6%, marking a 17% decline from its peak as concerns over fiscal sustainability grow.
PSU lenders including Bank of Baroda and Canara Bank experienced significant sell-offs on March 27 due to rising bond yields, which reached 6.9%. The Nifty PSU Bank index fell 3.6%, marking a 17% decline from its peak as concerns over fiscal sustainability grow.
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