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Punjab & Sind Bank

PSB

NSE

₹21.27-0.09%19 Oct 2026

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PSU Banks

Punjab & Sind Bank

PSB

NSE

₹21.27

-0.09%

19 Oct 2026

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PSU Banks

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.Forensic Report: Accounting quality and red flags.Deep Dive Report: In-depth business analysis.

Punjab & Sind Bank is a century-old government-owned bank that does one thing - plain-vanilla banking - taking deposits and lending them out, almost entirely inside India. Founded in 1908 in Amritsar by social reformers who wanted to lift the weaker sections, it was nationalised in 1980 and today is 93.85% owned by the Government of India, serving 1.64 crore customers through 1,654 branches. The recurring idea that explains its last five years is a deliberate pivot away from big corporate loans toward the RAM segment - Retail, Agriculture, and MSME lending - a shift that has taken RAM from 47% to nearly 59% of advances and reshaped everything from branch openings to technology spending.

Business segments

Three engines that feed each other - a deposit franchise that gathers low-cost funds, a RAM lending book that deploys them at better margins, and a corporate book that is being deliberately shrunk - plus a treasury that manages the surplus.

1. The deposit franchise: the fuel that powers everything

CASA and retail term deposits together provide a stable, low-cost funding base of over Rs.1,09,000 crore, letting the bank lend more without chasing expensive bulk money.

Cheapest money in banking - Current and savings accounts (CASA) made up 30.77% of total deposits as of March 2026, and when combined with retail term deposits, the bank had Rs.1,09,923 crore of sticky, low-cost funds, while it actively reduced high-cost bulk deposits by 5% in FY24.
Salary accounts lock in customers - the bank wins government and municipal salary mandates, such as 10,000 accounts for Chandigarh Municipal Corporation and 14,000 for Lucknow Nagar Nigam, which bring regular monthly inflows and cross-selling opportunities.
Odd-tenor deposits attract retail savers - products like 601-day, 400-day, and 300-day fixed deposits offer rates up to 7.85% for super senior citizens, giving the bank a tool to gather retail money without competing head-to-head on plain one-year rates.
Specialised accounts for niches - the bank runs current accounts for startups (PSB Shubh Arambh), real-estate firms (PSB RERA Plus), and defence personnel (PSB Gaurav Bachat SB with Rs.1 crore accidental insurance), plus a Green Earth Deposit that earmarks funds for environmentally beneficial projects.

2. RAM lending: the growth engine the bank is betting on

Retail, Agriculture and MSME advances now make up 58.80% of the loan book and are growing at over 20% a year, with centralised processing keeping new-loan bad debts below 0.3%.

Retail loans are led by housing - home loans at Rs.13,469 crore are nearly half the retail book, followed by gold loans (Rs.4,148 crore) and vehicle loans (Rs.4,008 crore), with digital channels now sourcing 54% of car loans and 40% of home loans in a recent quarter.
MSME lending uses cluster-based distribution - the bank has 144 specialised MSME branches and covers 268 MSME clusters through 803 branches, including a sports-industry cluster branch in Jalandhar, so it lends where the factories actually are.
Centralised underwriting changed the credit maths - loans processed through CenMARG (Centralized MSME And Retail Group) centres have a gross NPA of just 0.26% on Rs.9,310 crore of outstanding credit, compared with 5.50% for the older RAM book, because credit decisions are standardised and removed from branch discretion.
Agriculture lending is granular and scheme-driven - the Rs.16,610 crore agriculture book spans farm credit, agri-gold, and niche schemes for poultry, pig farming, beekeeping, and horticulture, with digital Kisan Credit Cards up to Rs.2 lakh using electronic land records.
Priority-sector targets are largely met - the bank exceeded every regulatory target in FY26 except Non Corporate Farmer lending (12.90% against a 14.00% target), including 46.44% priority-sector lending against a 40% requirement and 13% micro-enterprise lending against a 7.5% target, so it faces no regulatory penalty or shortfall pressure.

3. Corporate lending: the legacy book being deliberately shrunk

Corporate advances have fallen from 49% to 41% of the loan book as the bank redirects capital toward higher-margin RAM lending, while keeping the remaining corporate exposure overwhelmingly investment-grade.

NBFCs dominate what remains - at Rs.17,664 crore, NBFC lending is the single largest corporate segment, and 99.75% of it is rated A and above, so the bank is lending to well-rated financial intermediaries rather than taking direct industrial credit risk.
Infrastructure is the second pillar - Rs.13,999 crore of corporate exposure sits in infrastructure, mostly energy (Rs.6,765 crore) and roads and ports (Rs.3,608 crore), sectors with long-dated, visible cash flows.
Selective and migrating down the rating scale - the bank is deliberately moving from AAA-rated to AA-rated borrowers to earn better margins, while 69.80% of exposures above Rs.5 crore are rated BBB and above.
Mid-corporate branches speed up decisions - the bank expanded mid-corporate branches from 4 to 15 and opened a Field General Manager office in Mumbai, so mid-sized companies get faster credit approvals without going through the large-corporate machinery.

4. Treasury: the surplus manager

The treasury runs a Rs.49,388 crore investment book, mostly in government securities, and generates fee income from currency dealing and bond trading on the side.

Government securities are the anchor - SLR investments make up 69.65% of the investment book, providing a liquid, sovereign-backed buffer that also helps meet statutory liquidity requirements.
Infrastructure bonds diversify funding - the bank raised Rs.3,000 crore through AA-rated infrastructure bonds in FY25 at a 7.74% coupon, which were oversubscribed 12 times, giving it long-term money for lending without diluting deposits.
Liquidity is comfortably above the floor - the Liquidity Coverage Ratio stood at 130.34% as of March 2026, with nearly all high-quality liquid assets being Level 1 government paper, so the bank can weather a deposit run without forced asset sales.

Distribution and technology backbone

A network of 1,654 branches, 3,027 business correspondents, and a unified digital app called PSB UniC delivers banking to 351 districts, with Rs.800 crore spent on IT over five years to bring lending and account opening online.

Physical reach is concentrated but expanding - the branch network is skewed toward northern India, but the bank added 59 branches in FY26 alone and opened new zonal offices in Kolkata, Delhi, and Lucknow to push pan-India coverage.
Business correspondents are the rural arm - the BC network has grown from 357 in March 2022, covering 3,192 villages through 961 sub-service areas, so the bank reaches remote customers without building brick-and-mortar branches.
PSB UniC is the digital storefront - the unified app has 26 lakh-plus downloads, a 4.4/5 Play Store rating, and offers 210-plus services including UPI, bill payments, and WhatsApp banking in Hindi, Punjabi, and English.
Digital lending is the new factory - the bank now offers fully digital loans across home, vehicle, personal, education, MSME, and Kisan Credit Card products, with tab banking for paperless account opening and video KYC for remote identity verification.
Fraud and compliance systems have been rebuilt - a Mule Hunter API detects fraud in real time, the bank is integrated with the Indian Cyber Crime Coordination Centre, and an AI tool from RBIH hunts for mule accounts, while technology, data analytics and risk-based audit methodologies strengthen audit and compliance.

Group structure and partners

The bank is a standalone entity with no subsidiaries or joint ventures; it distributes third-party insurance and mutual funds, co-lends with NBFCs, and partners with everyone from tractor companies to defence establishments to source loans.

No group, no complexity - Punjab & Sind Bank has no subsidiaries, no joint ventures, and no material equity stakes in other operating entities, so its financial statements are a clean picture of the bank itself.
Co-lending expands reach without balance-sheet strain - the bank has co-lending partnerships with NBFCs for MSME loans against property and housing loans, with a co-lending book of over Rs.1,000 crore as of August 2023.
Bancassurance and mutual funds add fee income - partnerships with Bajaj Life Insurance and Aditya Birla Health Insurance for insurance, and with FISDOM for mutual fund distribution, let the bank earn commissions on products it does not manufacture.
Sourcing tie-ups fill the loan pipeline - MoUs with Maruti Suzuki and Mahindra & Mahindra for vehicle loans, Nestlé India for dairy-farmer financing, and Preet Tractors for farm equipment mean loan origination happens at the point of sale, not just at the branch.
Defence relationships are a strategic moat - the bank has salary and pension account arrangements with the Indian Army, Air Force, Navy, Coast Guard, Assam Rifles, and ITBP, and has appointed a dedicated advisor to procure more defence accounts.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

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Ratios

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Mkt Cap

Market Capitalization

₹15,092Cr

Close Price

₹21.27

Industry

PSU Banks

Price To Earnings

10.08

Price To Sales

1.19

Revenue

₹12,680Cr

Rev Gr TTM

Revenue Growth TTM

5.67%

PAT Gr TTM

PAT Growth TTM

29.64%

Standalone

Numbers

Percentage

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	2,491	2,481	2,652	2,739	2,931	3,159	2,911	2,999	3,042	3,030	3,213	3,394
Growth YoY Revenue Growth YoY%	18.2	17.9	14.5	13.8	17.7	27.3	9.7	9.5	3.8	-4.1	10.4	13.2
Interest Expended Interest ExpendedCr	1,752	1,792	1,802	1,866	1,992	2,037	2,010	2,049	2,056	2,055	2,175	2,234
Expenses ExpensesCr	920	875	831	924	902	1,356	1,046	967	1,037	787	920	948
Financing Profit Financing ProfitCr	-181	-186	19	-52	36	-234	-146	-17	-51	188	119	213
FPM FPM%	-7.3	-7.5	0.7	-1.9	1.2	-7.4	-5.0	-0.6	-1.7	6.2	3.7	6.3
Other Income Other IncomeCr	362	413	194	359	338	677	469	374	507	427	332	352
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	181	227	213	307	375	442	323	357	456	615	451	565
Tax TaxCr	66	87	32	68	93	130	54	63	120	194	120	153
PAT PATCr	114	139	182	240	282	313	269	295	336	422	332	412
Growth YoY PAT Growth YoY%	-69.4	-69.5	18.9	26.7	146.7	124.5	48.3	22.9	19.3	34.9	23.2	39.9
NPM NPM%	4.6	5.6	6.8	8.8	9.6	9.9	9.3	9.8	11.1	13.9	10.3	12.1
EPS EPS₹	0.2	0.2	0.3	0.3	0.4	0.5	0.4	0.4	0.5	0.6	0.5	0.6
Ratios Ratios

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	2,491	2,481	2,652	2,739	2,931	3,159	2,911	2,999	3,042	3,030	3,213	3,394
Growth YoY Revenue Growth YoY%	18.2	17.9	14.5	13.8	17.7	27.3	9.7	9.5	3.8	-4.1	10.4	13.2
Interest Expended Interest ExpendedCr	1,752	1,792	1,802	1,866	1,992	2,037	2,010	2,049	2,056	2,055	2,175	2,234
Expenses ExpensesCr	920	875	831	924	902	1,356	1,046	967	1,037	787	920	948
Financing Profit Financing ProfitCr	-181	-186	19	-52	36	-234	-146	-17	-51	188	119	213
FPM FPM%	-7.3	-7.5	0.7	-1.9	1.2	-7.4	-5.0	-0.6	-1.7	6.2	3.7	6.3
Other Income Other IncomeCr	362	413	194	359	338	677	469	374	507	427	332	352
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	181	227	213	307	375	442	323	357	456	615	451	565
Tax TaxCr	66	87	32	68	93	130	54	63	120	194	120	153
PAT PATCr	114	139	182	240	282	313	269	295	336	422	332	412
Growth YoY PAT Growth YoY%	-69.4	-69.5	18.9	26.7	146.7	124.5	48.3	22.9	19.3	34.9	23.2	39.9
NPM NPM%	4.6	5.6	6.8	8.8	9.6	9.9	9.3	9.8	11.1	13.9	10.3	12.1
EPS EPS₹	0.2	0.2	0.3	0.3	0.4	0.5	0.4	0.4	0.5	0.6	0.5	0.6
Ratios Ratios

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	8,744	8,173	7,949	8,559	7,930	6,974	7,096	7,993	9,694	11,481	11,982	12,680
Growth Revenue Growth%	1.8	-6.5	-2.7	7.7	-7.3	-12.1	1.8	12.6	21.3	18.4	4.4	5.7
Interest Expended Interest ExpendedCr	6,569	6,014	5,714	6,279	5,872	4,712	4,445	5,019	6,853	7,698	8,170	8,519
Expenses ExpensesCr	2,110	2,445	3,347	3,981	4,423	6,468	2,287	2,145	2,975	3,869	3,660	3,691
Financing Profit Financing ProfitCr	66	-285	-1,112	-1,702	-2,366	-4,206	364	828	-134	-85	152	470
FPM FPM%	0.8	-3.5	-14.0	-19.9	-29.8	-60.3	5.1	10.4	-1.4	-0.7	1.3	3.7
Other Income Other IncomeCr	478	578	581	828	897	904	959	940	1,221	1,568	1,778	1,619
Depreciation DepreciationCr	46	42	64	-15	54	102	137	148	150	145	177	0
PBT PBTCr	498	250	-595	-859	-1,522	-3,404	1,187	1,620	937	1,338	1,752	2,089
Tax TaxCr	162	49	149	-315	-532	-671	148	307	342	322	430	587
PAT PATCr	336	201	-744	-543	-991	-2,733	1,039	1,313	595	1,016	1,322	1,502
Growth PAT Growth%	176.9	-40.1	-469.9	26.9	-82.3	-175.8	138.0	26.4	-54.6	70.6	30.1	29.6
NPM NPM%	3.8	2.5	-9.4	-6.3	-12.5	-39.2	14.6	16.4	6.1	8.8	11.0	11.8
EPS EPS₹	8.4	5.0	-18.5	-9.6	-15.8	-35.7	2.6	1.9	0.9	1.5	1.9	2.1

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	8,744	8,173	7,949	8,559	7,930	6,974	7,096	7,993	9,694	11,481	11,982	12,680
Growth Revenue Growth%	1.8	-6.5	-2.7	7.7	-7.3	-12.1	1.8	12.6	21.3	18.4	4.4	5.7
Interest Expended Interest ExpendedCr	6,569	6,014	5,714	6,279	5,872	4,712	4,445	5,019	6,853	7,698	8,170	8,519
Expenses ExpensesCr	2,110	2,445	3,347	3,981	4,423	6,468	2,287	2,145	2,975	3,869	3,660	3,691
Financing Profit Financing ProfitCr	66	-285	-1,112	-1,702	-2,366	-4,206	364	828	-134	-85	152	470
FPM FPM%	0.8	-3.5	-14.0	-19.9	-29.8	-60.3	5.1	10.4	-1.4	-0.7	1.3	3.7
Other Income Other IncomeCr	478	578	581	828	897	904	959	940	1,221	1,568	1,778	1,619
Depreciation DepreciationCr	46	42	64	-15	54	102	137	148	150	145	177	0
PBT PBTCr	498	250	-595	-859	-1,522	-3,404	1,187	1,620	937	1,338	1,752	2,089
Tax TaxCr	162	49	149	-315	-532	-671	148	307	342	322	430	587
PAT PATCr	336	201	-744	-543	-991	-2,733	1,039	1,313	595	1,016	1,322	1,502
Growth PAT Growth%	176.9	-40.1	-469.9	26.9	-82.3	-175.8	138.0	26.4	-54.6	70.6	30.1	29.6
NPM NPM%	3.8	2.5	-9.4	-6.3	-12.5	-39.2	14.6	16.4	6.1	8.8	11.0	11.8
EPS EPS₹	8.4	5.0	-18.5	-9.6	-15.8	-35.7	2.6	1.9	0.9	1.5	1.9	2.1

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital Equity CapitalCr	400	400	565	565	701	4,053	6,778	6,778	6,778	7,096	7,096	7,096
Reserves ReservesCr	5,570	5,742	5,618	5,136	4,895	4,310	7,233	8,331	8,756	6,259	7,037	7,448
Deposits DepositsCr	91,250	85,540	1,01,726	98,558	89,668	96,108	1,02,137	1,09,665	1,19,410	1,29,774	1,45,829	1,53,312
Borrowings BorrowingsCr	2,839	2,958	3,683	2,714	3,213	2,644	2,444	9,018	9,771	14,230	16,352	19,230
Other Liabilities Other LiabilitiesCr	2,522	2,002	2,167	2,009	2,027	3,367	2,476	2,662	2,943	4,457	2,957	3,202
Total Liabilities Total LiabilitiesCr	1,02,581	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	1,47,657	1,61,815	1,79,270	1,90,288
Fixed Assets Fixed AssetsCr					1,241	1,585	1,577	1,519	1,756	1,798	1,862	2,012
Investments InvestmentsCr	27,645	27,949	32,982	26,173	24,552	32,023	42,281	44,838	49,599	46,912	49,388	50,907
Advances AdvancesCr	68,900	62,787	71,969	73,847	63,382	66,219	68,753	81,956	87,298	1,02,986	1,20,594	1,29,599
Cash Equivalents Cash EquivalentsCr	4,903	4,590	7,133	6,618	9,578	8,339	6,288	6,297	7,383	8,820	6,299
Other Assets Other AssetsCr	1,133	1,318	1,676	2,343	1,750	2,316	2,168	1,844	1,620	1,299	1,127	7,769
Total Assets Total AssetsCr	1,02,581	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	1,47,657	1,61,815	1,79,270	1,90,288

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital Equity CapitalCr	400	400	565	565	701	4,053	6,778	6,778	6,778	7,096	7,096	7,096
Reserves ReservesCr	5,570	5,742	5,618	5,136	4,895	4,310	7,233	8,331	8,756	6,259	7,037	7,448
Deposits DepositsCr	91,250	85,540	1,01,726	98,558	89,668	96,108	1,02,137	1,09,665	1,19,410	1,29,774	1,45,829	1,53,312
Borrowings BorrowingsCr	2,839	2,958	3,683	2,714	3,213	2,644	2,444	9,018	9,771	14,230	16,352	19,230
Other Liabilities Other LiabilitiesCr	2,522	2,002	2,167	2,009	2,027	3,367	2,476	2,662	2,943	4,457	2,957	3,202
Total Liabilities Total LiabilitiesCr	1,02,581	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	1,47,657	1,61,815	1,79,270	1,90,288
Fixed Assets Fixed AssetsCr					1,241	1,585	1,577	1,519	1,756	1,798	1,862	2,012
Investments InvestmentsCr	27,645	27,949	32,982	26,173	24,552	32,023	42,281	44,838	49,599	46,912	49,388	50,907
Advances AdvancesCr	68,900	62,787	71,969	73,847	63,382	66,219	68,753	81,956	87,298	1,02,986	1,20,594	1,29,599
Cash Equivalents Cash EquivalentsCr	4,903	4,590	7,133	6,618	9,578	8,339	6,288	6,297	7,383	8,820	6,299
Other Assets Other AssetsCr	1,133	1,318	1,676	2,343	1,750	2,316	2,168	1,844	1,620	1,299	1,127	7,769
Total Assets Total AssetsCr	1,02,581	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	1,47,657	1,61,815	1,79,270	1,90,288

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	930	-495	1,063	-97	2,210	-5,848	-5,999	1,428	1,746	-2,294	-1,893
Investing Cash Flow Investing Cash FlowCr	-38	-33	-51	-61	-63	-446	-121	-88	-229	-168	-241
Financing Cash Flow Financing Cash FlowCr	-209	216	1,531	-356	814	5,055	4,068	-1,332	-431	3,898	-387
Net Cash Flow Net Cash FlowCr	683	-313	2,543	-514	2,960	-1,239	-2,051	9	1,086	1,437	-2,521
Free Cash Flow Free Cash FlowCr	892	-529	1,012	-158	2,147	-6,294	-6,119	1,340	1,518	-2,461	-2,134
CFO To EBITDA CFO To EBITDA%	1,415.8	173.7	-95.6	5.7	-93.4	139.0	-1,646.2	172.5	-1,299.3	2,697.8	-1,249.3

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	930	-495	1,063	-97	2,210	-5,848	-5,999	1,428	1,746	-2,294	-1,893
Investing Cash Flow Investing Cash FlowCr	-38	-33	-51	-61	-63	-446	-121	-88	-229	-168	-241
Financing Cash Flow Financing Cash FlowCr	-209	216	1,531	-356	814	5,055	4,068	-1,332	-431	3,898	-387
Net Cash Flow Net Cash FlowCr	683	-313	2,543	-514	2,960	-1,239	-2,051	9	1,086	1,437	-2,521
Free Cash Flow Free Cash FlowCr	892	-529	1,012	-158	2,147	-6,294	-6,119	1,340	1,518	-2,461	-2,134
CFO To EBITDA CFO To EBITDA%	1,415.8	173.7	-95.6	5.7	-93.4	139.0	-1,646.2	172.5	-1,299.3	2,697.8	-1,249.3

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	1,389	2,202	1,994	1,760	782	7,133	10,472	17,405	40,491	30,873	14,624	15,092
Price To Earnings Price To Earnings	4.1	11.0					10.1	13.2	67.9	30.4	11.1	10.1
Price To Sales Price To Sales	0.2	0.3	0.3	0.2	0.1	1.0	1.5	2.2	4.2	2.7	1.2	1.2
Price To Book Price To Book	0.3	0.4	0.4	0.4	0.2	1.0	0.8	1.2	2.8	2.5	1.1	1.1
EV To EBITDA EV To EBITDA	-10.3	-2.0	1.3	1.3	2.4	-0.3	18.2	24.3	-319.0	-426.8	162.8	368.1
Profitability Ratios Profitability Ratios
FPM FPM%	0.8	-3.5	-14.0	-19.9	-29.8	-60.3	5.1	10.4	-1.4	-0.7	1.3	3.7
NPM NPM%	3.8	2.5	-9.4	-6.3	-12.5	-39.2	14.6	16.4	6.1	8.8	11.0	11.8
ROCE ROCE%	7.1	6.6	4.6	5.1	4.4	1.2	4.8	5.0	5.4	5.7	5.6	5.7
ROE ROE%	5.6	3.3	-12.0	-9.5	-17.7	-32.7	7.4	8.7	3.8	7.6	9.3	10.3
ROA ROA%	0.3	0.2	-0.7	-0.5	-1.0	-2.5	0.9	1.0	0.4	0.6	0.7	0.8
Solvency Ratios Solvency Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	1,389	2,202	1,994	1,760	782	7,133	10,472	17,405	40,491	30,873	14,624	15,092
Price To Earnings Price To Earnings	4.1	11.0					10.1	13.2	67.9	30.4	11.1	10.1
Price To Sales Price To Sales	0.2	0.3	0.3	0.2	0.1	1.0	1.5	2.2	4.2	2.7	1.2	1.2
Price To Book Price To Book	0.3	0.4	0.4	0.4	0.2	1.0	0.8	1.2	2.8	2.5	1.1	1.1
EV To EBITDA EV To EBITDA	-10.3	-2.0	1.3	1.3	2.4	-0.3	18.2	24.3	-319.0	-426.8	162.8	368.1
Profitability Ratios Profitability Ratios
FPM FPM%	0.8	-3.5	-14.0	-19.9	-29.8	-60.3	5.1	10.4	-1.4	-0.7	1.3	3.7
NPM NPM%	3.8	2.5	-9.4	-6.3	-12.5	-39.2	14.6	16.4	6.1	8.8	11.0	11.8
ROCE ROCE%	7.1	6.6	4.6	5.1	4.4	1.2	4.8	5.0	5.4	5.7	5.6	5.7
ROE ROE%	5.6	3.3	-12.0	-9.5	-17.7	-32.7	7.4	8.7	3.8	7.6	9.3	10.3
ROA ROA%	0.3	0.2	-0.7	-0.5	-1.0	-2.5	0.9	1.0	0.4	0.6	0.7	0.8
Solvency Ratios Solvency Ratios

	IDBI	BANKINDIA	MAHABANK	IOB	UCOBANK	CENTRALBK	PSB
Market CapitalizationMkt CapCr	88,428	62,271	62,271	59,137	29,606	28,032	15,092
Close PriceClose₹	82.24	136.78	80.96	30.71	23.61	30.97	21.27
IndustryIndustry	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks
Price To EarningsPE	10.64	5.29	8.26	10.04	9.92	5.82	10.08
Price To SalesPS	2.86	0.81	2.06	1.78	1.07	0.72	1.19
RevenueRevenueCr	30,953	77,244	30,262	33,290	27,590	38,888	12,680
Revenue Growth TTMRev Gr TTM%	7.0%	6.2%	15.8%	14.8%	6.4%	12.4%	5.7%
PAT Growth TTMPAT Gr TTM%	-10.4%	22.4%	28.0%	51.0%	18.4%	7.1%	29.6%

	IDBI	BANKINDIA	MAHABANK	IOB	UCOBANK	CENTRALBK	PSB
Market CapitalizationMkt CapCr	88,428	62,271	62,271	59,137	29,606	28,032	15,092
Close PriceClose₹	82.24	136.78	80.96	30.71	23.61	30.97	21.27
IndustryIndustry	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks	PSU Banks
Price To EarningsPE	10.64	5.29	8.26	10.04	9.92	5.82	10.08
Price To SalesPS	2.86	0.81	2.06	1.78	1.07	0.72	1.19
RevenueRevenueCr	30,953	77,244	30,262	33,290	27,590	38,888	12,680
Revenue Growth TTMRev Gr TTM%	7.0%	6.2%	15.8%	14.8%	6.4%	12.4%	5.7%
PAT Growth TTMPAT Gr TTM%	-10.4%	22.4%	28.0%	51.0%	18.4%	7.1%	29.6%

FY2026

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2026

Sep 26