Nifty PSU Bank, Nov. 26 -- The public sector bank stocks are on a roll, driving the Nifty PSU Bank index to a fresh lifetime high of 8,665.70 on Wednesday, November 26.

The index rallied another 2% today, taking its one-year return to 25% - a sharp outperformance against Nifty 50's 8% rise in the same period. All index constituents traded in the green, with Union Bank, Indian Bank and Indian Overseas Bank emerging as top performers.

The PSU bank stocks have seen an up to 60% surge in a year, with Indian Bank emerging as the leader. The stock has surged 59% in a year, followed by Canara Bank, up 48% during this period. Industry leader and India's largest lender, State Bank of India (SBI), has also contributed to the rally with an 18% ris...