Nifty Bank’s big breakout: Why InCred believes time is right to shift from PSU banks to private lenders

The Nifty Bank index reached a record high of 59,264.25, marking a 0.62 percent gain. Public-sector banks outperformed private ones, but analysts predict large private banks will drive future growth due to better profitability and funding costs. SBI and Bank of Baroda face challenges ahead.

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