12 companies · ₹17.3 L cr · 12 with AI deep dives · Q2FY27 report
PSU credit runs 15-30% against roughly 10-14% deposit growth; CASA erosion and ECL now cap the payoff
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
In all 12 digests advances grew faster than deposits. Some gaps are wide: UNIONBANK 18.53% vs 6.87%, SBIN 18.63% vs 9.73%, CENTRALBK 29.83% vs 14.41%. The gap is being funded by…
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →Sept 26: 8 of 12 reported so far, so it is not in the trend above.
Breadth: 92% of 12 companies grew revenue year on year (was 75% a quarter earlier).
The median name trades at 6.6x, -10.4% against this industry's own 5-year median of 7.4x, and -36.9% against its own peak of 10.5x.
State Bank of India is 50.9% of this industry by market cap. The top 5 are 80.1% and the top 10 are 97.7%.
| 6.1x |
| 0.9x |
| 2.2% |
| 2.9% |
| +8.5% |
| Unlock |
| Union Bank of India | ₹1.4 L cr | 6.3x | 1.0x | 2.6% | 2.7% | +6.4% | Unlock |
| Bank of Baroda | ₹1.2 L cr | 6.7x | 0.7x | 2.6% | 2.0% | +6.8% | Unlock |
| Indian Bank | ₹1.1 L cr | 8.4x | 1.3x | 2.8% | 1.9% | +15.2% | Unlock |
| Canara Bank | ₹1.1 L cr | 5.2x | 0.8x | 2.0% | 1.7% | +9.6% | Unlock |
| Bank of Maharashtra | ₹60,625 cr | 7.8x | 1.8x | 3.2% | 1.4% | +20.7% | Unlock |
| Bank of India | ₹59,390 cr | 4.6x | 0.6x | 2.2% | 1.9% | +15.4% | Unlock |
| Indian Overseas Bank | ₹58,078 cr | 9.8x | 1.6x | 2.9% | 1.4% | +17.2% | Unlock |
| UCO Bank | ₹27,775 cr | 18.1x | 1.4x | 2.7% | 2.2% | +11.5% | Unlock |
| Central Bank of India | ₹26,249 cr | 5.5x | 0.6x | 2.7% | 2.6% | +18.4% | Unlock |
| Punjab & Sind Bank | ₹13,716 cr | 9.1x | 0.9x | 2.3% | 2.3% | +13.2% | Unlock |