The second tenure of the Modi government has seen a stormy rise in the shares of public sector banks. During this period, many banks have doubled investors' money. Let's find out which banks have given the highest returns during this period.
Indian Overseas Bank ranks first in terms of returns among PSU banks. The share price of this state-owned bank increased by 472 percent during this period. At the same time, domestic investors in Bank of Maharashtra and UCO Bank have returned 325 percent and 226 percent respectively in the last 5 years.
In the last one year, the shares of Bank of Maharashtra have seen an increase of 127 percent. At the same time, investors holding for 6 months have gained 56.9 percent so far.
UCO Bank investors are also in a similar situation. The share price of the bank has increased by 116.50 percent in the last one year. At the same time, bank stocks have seen an increase of 50.50 percent in 6 months.
In terms of returns to investors, State Bank of India (SBI share price) has also been second to none during this period. The share price of the country's largest state-owned bank has increased by 143 percent in the last 5 years.
However, the past year has also been great for investors. The bank's shares have risen more than 40 percent during this period.
Share prices of Indian Bank, Canara Bank, Punjab and Sind Bank, Union Bank of India and Bank of Baroda have seen an increase of 106 percent to 150 percent in the last 5 years.
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