New Delhi, March 3 -- Public sector bank (PSU) stocks witnessed significant selling pressure on Monday, with nine stocks reaching their 52-week lows, including State Bank of India (SBI), Bank of Baroda, and Punjab National Bank (PNB).

The Nifty PSU Bank index declined by as much as 2.15%, with Punjab & Sind Bank, Indian Overseas Bank, Bank of Maharashtra, UCO Bank, and Central Bank of India emerging as the top laggards, each recording a 5% decline.

On March 3, a total of nine PSU bank stocks touched their 52-week lows. SBI shares fell by 1.24% to Rs.679.65, while Bank of Baroda shares declined 2.3% to Rs.197.70 on the BSE.

PNB shares hit a 52-week low of Rs.85.51, while Canara Bank shares dropped to Rs.78.58. Indian Overseas Bank stock...