Central Bank of India, IOB, Punjab & Sind Bank, UCO Bank: PSU bank shares trade mostly lower; check latest updates

The Centre currently holds more than 90% in each of the four banks.

Central Bank of India shares were trading over 1% lower at ₹35.24 apiece on the NSE, and UCO Bank stock was down over 1% at ₹28.49. Indian Overseas Bank was trading in the green at ₹38.24, up 0.079%. Punjab & Sind Bank shares were down at ₹28.55, down 1.21% on the NSE.

The global investment banking firm will be tasked with identifying potential bidders for the government's stake in these banks and structuring suitable deals to ensure smooth execution, The Economic Times reported.

The stake dilution exercise, apart from signalling the Centre's commitment to disinvestment, will also help state-run banks meet the mandatory minimum public float norm, the report added.

PSBs' Q1 FY26 Results

Led by State Bank of India (SBI), public sector banks cumulatively logged a record profit of ₹44,218 crore in the first quarter of the current fiscal year, with a growth of 11% year-on-year (YoY).

All 12 public sector banks together made a profit of ₹39,974 crore in the June quarter of FY25. The increase in profit in absolute terms was ₹4,244 crore.

Market leader SBI alone contributed 43% to the total earnings of ₹44,218 crore, as per the published numbers on stock exchanges.

SBI logged a net profit of ₹19,160 crore in Q1 FY26, 12% higher than the same period of the previous fiscal year.

In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 76% to ₹1,111 crore, followed by Punjab & Sind Bank with a 48% rise to ₹269 crore.

During the quarter, all 12 public sector banks (PSBs) except Punjab National Bank (PNB) reported a decline in profit.

PNB reported a 48% fall in net profit at ₹1,675 crore as against Rs 3,252 crore in the year-ago period.

Central Bank of India recorded 32.8% growth in June quarter net profit to ₹1,169 crore, Indian Bank posted a 23.7% rise to Rs 2,973 crore, and Bank of Maharashtra logged a 23.2% improvement to ₹1,593 crore.