Indian public sector banks (PSBs) have seen a significant fall in their stocks so far this year as compared to private banks, which have remained resilient amid the ongoing banking crisis. On a year-to-date basis, Nifty PSU Bank index slumped down 7%, however, Nifty Private Bank managed to limit losses, with its index falling just 2% this year. Rising interest rates and the recent Adani-Hindenburg scandal are the main reasons for PSBs' underperformance, as per V K Vijayakumar of Geojit Financial Services.