Budget 2026: PSU bank stocks plunge up to 6%; Bank of India, BoB lead losses

State-run bank shares plummeted Sunday following the government's announcement of a high-level committee to review the sector for future growth. Bank of India saw the steepest fall, with all 12 Nifty PSU Bank index stocks trading lower. This move, part of the Viksit Bharat initiative, also includes restructuring of nonbank lenders, marking a rare Budget Sunday market session.