SBI vs PNB vs BoB: Which PSU Bank To Invest In Ahead of RBI MPC Repo Rate Announcement?

SBI vs PNB vs BoB: The Reserve Bank of India's Monetary Policy Committee meeting began on Wednesday, June 4, under the leadership of RBI Governor Sanjay Malhotra. Ahead of the RBI MPC repo rate cut announcement, expected on Friday, several banking sector stocks have come under investors' focus.

A potential RBI MPC repo rate cut in June 2025 is likely to provide better flexibility to banks for lending and may boost their asset value in the long term. A potential increase in the RBI repo rate cut would allow banks to borrow money from the RBI at a lower interest rate.

Ahead of the RBI MPC repo rate decision, private and PSU banking sector stocks witnessed significant volatility. Nifty Bank index skyrocketed on Tuesday and touched an all-time high mark of 56,161.4 on Tuesday. However, the index failed to retain the spot and ended the session in the red. Meanwhile, Nifty Bank and PSU Bank sector stocks are trading in green on Wednesday.

SBI vs PNB vs BOB: Which PSU Stock You Can Bet On Ahead of RBI MPC Meeting In June 2025

Nifty PSU Bank was trading marginally higher at 0.33% at 12 pm with Union Bank, Canara Bank, Punjab National Bank, and Indian Overseas Bank emerging as the top gainers for today. Here are the latest stock price recommendations for top PSU banking sector stocks ahead of RBI MPC repo rate cut announcement.

State Bank of India

SBI shares were trading marginally lower at Rs 806.90 per share on BSE at 12:30 pm with a market capitalisation of Rs 7,20,127.59 crore. The company shares touched their all-time high mark of Rs 905.8 per share on BSE on 4 June, 2024. The company scrip is recovering from its 52-week low of Rs 679.65 apiece on BSE on 3 March, 2025.

Kotak Institutional Securities has maintained an 'attractive' stance for banking sector stocks for Wednesday. The brokerage has issued a 'Buy' call for SBI stock with a fair value price of Rs 975 per share. The report has indicated a 20% upside in the company stock value in long-term.

Punjab National Bank (PNB)

PNB shares were trading in green at Rs 110.25 per share on BSE on Wednesday at 12:40 pm. The company scrip was down to its 52-week low mark of Rs 85.50 per share on BSE on 4 March, 2025. Its market capitalisation stood at Rs 1,26,709.70 crore today. PNB share price value has surged around 26.39% in three months and has increased nearly 7.21% year to date (YTD).

Brokerage has maintained an 'ADD' rating for PNB stock and fixed a fair value price of Rs 110 per share. The brokerage had indicated an upside of 1% on the stock.

Bank of Baroda (BoB)

Bank of Baroda shares were trading 0.34% higher at Rs 254.45 per share on BSE at 12:30 pm on Wednesday with a market capitalisation of Rs 1,31,585.31 crore. The PSU bank stock dipped to its 52-week-low mark of Rs 190.70 per share on BSE on 4 March, 2025. It had touched its 52-week high mark of Rs 296.45 per share on 4 June 2024.

The Kotak Institutional Securities latest report has given an 'Add' rating for the PSU bank stock and has hinted at a 'Fair Value' price of Rs 255 apiece, indicating a marinal upside of 1%.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.