20-quarter listed-company comparison

Banks - Private Stocks in India

Banks - Private: HDFC Bank Ltd owns the largest revenue base; Dhanlaxmi Bank Ltd has the fastest current growth.

The 10 Banks - Private companies listed in India are HDFC Bank Ltd (₹11.3 L Cr, the largest), ICICI Bank Ltd, Kotak Mahindra Bank Ltd and 7 more. 8 of 10 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

Top 10 Banks - Private Stocks in India (Sep 2026) — ranked by 4-Factor score

1Jammu and Kashmir Bank Ltd₹16.1K Cr61.7/100Mixed-positive evidence · strongest on P/BV divided by ROE and relative strength versus sector
2Dhanlaxmi Bank Ltd₹1.2K Cr56.9/100Mixed-positive evidence · strongest on profit growth and income growth
3Yes Bank Ltd₹70.6K Cr54.7/100Mixed-positive evidence · strongest on profit growth and ROA improvement
4Federal Bank Ltd₹79.6K Cr54.0/100Mixed-positive evidence · strongest on relative strength versus sector and relative strength versus the benchmark
5HDFC Bank Ltd₹11.3 L Cr53.9/100Mixed-positive evidence · strongest on ROA and own-history P/BV
6ICICI Bank Ltd₹9.5 L Cr50.5/100Mixed-positive evidence · strongest on ROA and ROE
7Kotak Mahindra Bank Ltd₹4.0 L Cr47.0/100Mixed-negative evidence · strongest on ROA and 13-week relative-strength change
8Axis Bank Ltd₹3.8 L Cr41.3/100Mixed-negative evidence · strongest on P/BV divided by ROE and own-history P/BV
9Bandhan Bank Ltd₹30.2K Cr38.8/100Mixed-negative evidence · strongest on relative strength versus sector and ROE improvement
10IndusInd Bank Ltd₹71.1K Cr34.2/100Adverse evidence · strongest on profit growth and 13-week relative-strength change

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Banks - Private Index — Constituents & Performance

All 10 listed Indian Banks - Private companies are named here, largest first — the same constituent set people search for as the Nifty Banks - Private index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

HDFC Bank Ltd₹11.3 L Cr
ICICI Bank Ltd₹9.5 L Cr
Kotak Mahindra Bank Ltd₹4.0 L Cr
Axis Bank Ltd₹3.8 L Cr
Federal Bank Ltd₹79.6K Cr
IndusInd Bank Ltd₹71.1K Cr
Yes Bank Ltd₹70.6K Cr
Bandhan Bank Ltd₹30.2K Cr
Jammu and Kashmir Bank Ltd₹16.1K Cr
Dhanlaxmi Bank Ltd₹1.2K Cr

02 · the sector itself · before any single company

How has Banks - Private moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 42% ahead of NIFTY 500. Earnings across its companies grew 9% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 49 weeks running.

LEADER · ahead 49w✓Price and the fundamentals both up8 of 18 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑49w · 14/18 >200d (−1) · 8/18 lead (−4) · EPS 16/18↑

Banks - Private, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 18 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Banks - Private outperforming NIFTY 500?

Banks - Private has outperformed NIFTY 500 by 19.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2.2%. 8 of 10 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Jammu and Kashmir Bank Ltd is the strongest against the sector itself at +10.8%.

-2.2%Sector vs NIFTY 500 · 13 weeks

+19.3%Sector vs NIFTY 500 · 52 weeks

8/10Stocks leading NIFTY 500

4/10Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Banks - Private has outperformed NIFTY 500 by 19.3% over 52 weeks and 2.2% over 13 weeks. 8 of 10 covered companies beat NIFTY on Mansfield relative strength, while 4 of 10 beat the sector itself. HDFC Bank Ltd leads with income of ₹3,51,818 crore, based on 10 of 10 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹31.4 L Cr

HDFC Bank Ltd

Revenue growing

7/10

positive TTM year-on-year growth

Beating NIFTY 500

8/10

positive Mansfield relative strength

Comparing 5 of 10

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Jammu and Kashmir Bank Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 88% evidence confidence.

Axis Bank Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Jammu and Kashmir Bank Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Jammu and Kashmir Bank LtdJ&KBANK	61.7/100Mixed-positive evidence88% evidence	ASLEEP	17.2/35 Income 4.8% · PAT 7.2% 86% evidence	16.0/25 ROA 1.3% · ROE 15.4% · GNPA — 72% evidence	14.5/20 P/BV 0.95× · P/BV÷ROE 0.06 100% evidence	14.0/20 RS sector 10.8% · RS bench 16.8% · 1Y 38.3%6 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 16 + 14.5 + 14 = 61.7 · Decision use: Price leads the evidence: RS versus the benchmark is 16.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
2Dhanlaxmi Bank LtdDHANBANK	56.9/100Mixed-positive evidence97% evidence	ASLEEP	28.4/35 Income 21.7% · PAT 32.2% 95% evidence	9.7/25 ROA 0.5% · ROE 7.2% · GNPA 1.8% 95% evidence	7.2/20 P/BV 0.77× · P/BV÷ROE 0.11 100% evidence	11.6/20 RS sector 0.8% · RS bench 6.7% · 1Y 11.8%3 of 12 weeks ahead 100% evidence
Exact sum: 28.4 + 9.7 + 7.2 + 11.6 = 56.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Yes Bank LtdYESBANK	54.7/100Mixed-positive evidence100% evidence	ASLEEP	24.5/35 Income -0.5% · PAT 37.8% 100% evidence	13.1/25 ROA 1% · ROE 7.1% · GNPA 1.3% 100% evidence	7.9/20 P/BV 1.35× · P/BV÷ROE 0.19 100% evidence	9.2/20 RS sector -1.7% · RS bench 4.6% · 1Y 6.3%4 of 12 weeks ahead 100% evidence
Exact sum: 24.5 + 13.1 + 7.9 + 9.2 = 54.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Federal Bank LtdFEDERALBNK	54.0/100Mixed-positive evidence75% evidence	FADING	20.1/35 Income 6.5% · PAT 17% 76% evidence	13.3/25 ROA — · ROE 11.6% · GNPA — 34% evidence	6.7/20 P/BV 1.99× · P/BV÷ROE 0.17 100% evidence	13.9/20 RS sector 7.5% · RS bench 13.8% · 1Y 62.7%10 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 13.3 + 6.7 + 13.9 = 54 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5HDFC Bank LtdHDFCBANK	53.9/100Mixed-positive evidence84% evidence	BASING	16.2/35 Income 2.8% · PAT 12.5% 76% evidence	17.4/25 ROA 1.8% · ROE 13.6% · GNPA — 68% evidence	14.7/20 P/BV 1.89× · P/BV÷ROE 0.14 100% evidence	5.6/20 RS sector -17.5% · RS bench -11.5% · 1Y -23.9%0 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 17.4 + 14.7 + 5.6 = 53.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6ICICI Bank LtdICICIBANK	50.5/100Mixed-positive evidence79% evidence	ASLEEP	12.1/35 Income 4% · PAT 5.7% 62% evidence	20.3/25 ROA 2.1% · ROE 15.9% · GNPA — 68% evidence	10.0/20 P/BV 2.52× · P/BV÷ROE 0.16 100% evidence	8.1/20 RS sector -6% · RS bench 0.2% · 1Y -5.4%7 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 20.3 + 10 + 8.1 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Kotak Mahindra Bank LtdKOTAKBANK	47.0/100Mixed-negative evidence93% evidence	FADING	12.0/35 Income 5.7% · PAT 6% 100% evidence	16.5/25 ROA 1.9% · ROE 11.4% · GNPA — 72% evidence	8.0/20 P/BV 2.22× · P/BV÷ROE 0.2 100% evidence	10.5/20 RS sector -4.4% · RS bench 2.2% · 1Y -0.5%4 of 12 weeks ahead 100% evidence
Exact sum: 12 + 16.5 + 8 + 10.5 = 47 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Axis Bank LtdAXISBANK	41.3/100Mixed-negative evidence93% evidence	ASLEEP	9.0/35 Income 5.6% · PAT -0.2% 100% evidence	15.3/25 ROA 1.6% · ROE 13.1% · GNPA — 72% evidence	15.0/20 P/BV 1.72× · P/BV÷ROE 0.13 100% evidence	2.0/20 RS sector -8% · RS bench -1.9% · 1Y 7.6%0 of 12 weeks ahead 100% evidence
Exact sum: 9 + 15.3 + 15 + 2 = 41.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
9Bandhan Bank LtdBANDHANBNK	38.8/100Mixed-negative evidence100% evidence	ASLEEP	9.8/35 Income -0.2% · PAT -34% 100% evidence	8.3/25 ROA 0.6% · ROE 4.9% · GNPA 3.1% 100% evidence	5.4/20 P/BV 1.18× · P/BV÷ROE 0.24 100% evidence	15.3/20 RS sector 5.3% · RS bench 11.6% · 1Y 12.3%2 of 12 weeks ahead 100% evidence
Exact sum: 9.8 + 8.3 + 5.4 + 15.3 = 38.8 · Decision use: Price leads the evidence: RS versus the benchmark is 11.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
10IndusInd Bank LtdINDUSINDBK	34.2/100Adverse evidence100% evidence	FADING	14.8/35 Income -6.4% · PAT 31.1% 100% evidence	5.5/25 ROA 0.2% · ROE 1.4% · GNPA 3.3% 100% evidence	3.2/20 P/BV 1.08× · P/BV÷ROE 0.79 100% evidence	10.7/20 RS sector -2.1% · RS bench 4% · 1Y 22.5%9 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 5.5 + 3.2 + 10.7 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

05 · what price has already done

Market action

Federal Bank Ltd has the strongest one-year price move in Banks - Private at +62.7%. Jammu and Kashmir Bank Ltd leads on Mansfield relative strength against NIFTY at +16.8%. 8 of 10 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Banks - Private — the story behind the numbers

This is the written read behind the Banks - Private figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026 — 37 days old. The numbers above it are newer than the words here.

What would change this read

The October-November quarter calls break the named bottom: Axis prints a margin BELOW 3.5% after staking its credibility on that being the floor, while the sector's quarterly net margin rolls back under 21% and quarterly profit growth slows below 10% year-on-year.

Sources: our fortnightly Banks - Private read, 22 Aug 2026.

07 · compare level, then change

Income Scale & Growth Durability

HDFC Bank Ltd has the highest Income among the 10 Banks - Private companies compared here, at ₹3,51,818 crore. ICICI Bank Ltd is next at ₹1,98,380 crore. Dhanlaxmi Bank Ltd has the highest Income growth at 21.7%, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: HDFC Bank Ltd is the scale leader at ₹3,51,818 crore, 77.3% ahead of ICICI Bank Ltd. Dhanlaxmi Bank Ltd's growth is 21.7% from a ₹1,683 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderHDFC Bank Ltd · ₹3,51,818 crore

Gap77.3% versus #2 · ICICI Bank Ltd

Persistence8/8 recent comparable periods

Coverage10/10 companies · 180 observations

Investor read: HDFC Bank Ltd is the scale benchmark; Dhanlaxmi Bank Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: HDFC Bank Ltd's growth falls below Dhanlaxmi Bank Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Incomelargest

1HDFC Bank Ltd HDFCBANK₹3.5 L Cr

2ICICI Bank Ltd ICICIBANK₹2.0 L Cr

3Axis Bank Ltd AXISBANK₹1.4 L Cr

4Kotak Mahindra Bank Ltd KOTAKBANK₹70.9K Cr

5IndusInd Bank Ltd INDUSINDBK₹45.3K Cr

Income growthfastest growers

1Dhanlaxmi Bank Ltd DHANBANK⚠ unverified22%

2Federal Bank Ltd FEDERALBNK6.5%

3Kotak Mahindra Bank Ltd KOTAKBANK5.7%

4Axis Bank Ltd AXISBANK5.6%

5Jammu and Kashmir Bank Ltd J&KBANK4.8%

Income · company comparison

10/10 level · 10/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Income	Income growth	Reported
HDFC Bank Ltd HDFCBANK	₹90.6K Cr	3.7%	Jun 2026
ICICI Bank Ltd ICICIBANK	₹52.2K Cr	6.4%	Jun 2026
Axis Bank Ltd AXISBANK	₹35.5K Cr	9.9%	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	₹18.4K Cr	6.4%	Jun 2026
IndusInd Bank Ltd INDUSINDBK	₹11.3K Cr	-7.8%	Jun 2026
Yes Bank Ltd YESBANK	₹8.1K Cr	5.9%	Jun 2026
Federal Bank Ltd FEDERALBNK	₹7.9K Cr	9.9%	Jun 2026
Bandhan Bank Ltd BANDHANBNK	₹5.6K Cr	2.8%	Jun 2026
Jammu and Kashmir Bank Ltd J&KBANK	₹3.5K Cr	8.5%	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	₹449 Cr	22%	Jun 2026

Full 20-quarter history · every available company

Income · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021₹16.7K Cr

Dec 2021₹17.7K Cr

Mar 2022₹18.2K Cr

Jun 2022₹19.2K Cr

Sep 2022₹20.8K Cr

Dec 2022₹22.8K Cr

Mar 2023₹24.6K Cr

Jun 2023₹26.2K Cr

Sep 2023₹27.4K Cr

Dec 2023₹28.9K Cr

Mar 2024₹30.2K Cr

Jun 2024₹31.2K Cr

Sep 2024₹31.6K Cr

Dec 2024₹32.2K Cr

Mar 2025₹32.5K Cr

Jun 2025₹32.3K Cr

Sep 2025₹32.3K Cr

Dec 2025₹33.7K Cr

Mar 2026₹34.2K Cr

Jun 2026₹35.5K Cr

Bandhan Bank Ltd · BANDHANBNK

Sep 2021₹3.2K Cr

Dec 2021₹3.4K Cr

Mar 2022₹3.9K Cr

Jun 2022₹4.1K Cr

Sep 2022₹3.8K Cr

Dec 2022₹3.8K Cr

Mar 2023₹4.3K Cr

Jun 2023₹4.5K Cr

Sep 2023₹4.5K Cr

Dec 2023₹4.7K Cr

Mar 2024₹5.2K Cr

Jun 2024₹5.5K Cr

Sep 2024₹5.5K Cr

Dec 2024₹5.5K Cr

Mar 2025₹5.4K Cr

Jun 2025₹5.5K Cr

Sep 2025₹5.4K Cr

Dec 2025₹5.4K Cr

Mar 2026₹5.4K Cr

Jun 2026₹5.6K Cr

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹276 Cr

Mar 2023₹274 Cr

Jun 2023₹289 Cr

Sep 2023₹304 Cr

Dec 2023₹308 Cr

Mar 2024₹306 Cr

Jun 2024₹306 Cr

Sep 2024₹329 Cr

Dec 2024₹335 Cr

Mar 2025₹351 Cr

Jun 2025₹368 Cr

Sep 2025₹384 Cr

Dec 2025₹407 Cr

Mar 2026₹443 Cr

Jun 2026₹449 Cr

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4.7K Cr

Mar 2023₹5.0K Cr

Jun 2023₹5.4K Cr

Sep 2023₹5.8K Cr

Dec 2023₹6.1K Cr

Mar 2024₹6.3K Cr

Jun 2024₹6.7K Cr

Sep 2024₹7.0K Cr

Dec 2024₹7.3K Cr

Mar 2025₹7.1K Cr

Jun 2025₹7.2K Cr

Sep 2025₹7.2K Cr

Dec 2025₹7.4K Cr

Mar 2026₹7.9K Cr

Jun 2026₹7.9K Cr

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹45.0K Cr

Mar 2023₹47.5K Cr

Jun 2023₹51.2K Cr

Sep 2023₹75.0K Cr

Dec 2023₹78.0K Cr

Mar 2024₹79.4K Cr

Jun 2024₹81.5K Cr

Sep 2024₹83.0K Cr

Dec 2024₹85.0K Cr

Mar 2025₹86.8K Cr

Jun 2025₹87.4K Cr

Sep 2025₹87.0K Cr

Dec 2025₹87.1K Cr

Mar 2026₹87.2K Cr

Jun 2026₹90.6K Cr

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹31.6K Cr

Mar 2023₹34.4K Cr

Jun 2023₹37.1K Cr

Sep 2023₹38.9K Cr

Dec 2023₹40.9K Cr

Mar 2024₹42.6K Cr

Jun 2024₹44.6K Cr

Sep 2024₹46.3K Cr

Dec 2024₹47.0K Cr

Mar 2025₹48.4K Cr

Jun 2025₹49.1K Cr

Sep 2025₹48.2K Cr

Dec 2025₹48.4K Cr

Mar 2026₹49.6K Cr

Jun 2026₹52.2K Cr

IndusInd Bank Ltd · INDUSINDBK

Sep 2021₹7.7K Cr

Dec 2021₹7.7K Cr

Mar 2022₹7.9K Cr

Jun 2022₹8.2K Cr

Sep 2022₹8.7K Cr

Dec 2022₹9.5K Cr

Mar 2023₹10.0K Cr

Jun 2023₹10.7K Cr

Sep 2023₹11.2K Cr

Dec 2023₹11.6K Cr

Mar 2024₹12.2K Cr

Jun 2024₹12.5K Cr

Sep 2024₹12.7K Cr

Dec 2024₹12.8K Cr

Mar 2025₹10.6K Cr

Jun 2025₹12.3K Cr

Sep 2025₹11.6K Cr

Dec 2025₹11.4K Cr

Mar 2026₹11.0K Cr

Jun 2026₹11.3K Cr

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021₹2.0K Cr

Dec 2021₹2.0K Cr

Mar 2022₹2.0K Cr

Jun 2022₹2.1K Cr

Sep 2022₹2.3K Cr

Dec 2022₹2.4K Cr

Mar 2023₹2.5K Cr

Jun 2023₹2.7K Cr

Sep 2023₹2.8K Cr

Dec 2023₹2.9K Cr

Mar 2024₹2.9K Cr

Jun 2024₹3.0K Cr

Sep 2024₹3.1K Cr

Dec 2024₹3.2K Cr

Mar 2025₹3.2K Cr

Jun 2025₹3.3K Cr

Sep 2025₹3.3K Cr

Dec 2025₹3.3K Cr

Mar 2026₹3.3K Cr

Jun 2026₹3.5K Cr

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021₹8.2K Cr

Dec 2021₹8.6K Cr

Mar 2022₹8.8K Cr

Jun 2022₹9.2K Cr

Sep 2022₹10.0K Cr

Dec 2022₹11.0K Cr

Mar 2023₹12.0K Cr

Jun 2023₹12.9K Cr

Sep 2023₹13.7K Cr

Dec 2023₹14.5K Cr

Mar 2024₹15.2K Cr

Jun 2024₹15.8K Cr

Sep 2024₹16.4K Cr

Dec 2024₹16.6K Cr

Mar 2025₹16.8K Cr

Jun 2025₹17.2K Cr

Sep 2025₹17.2K Cr

Dec 2025₹17.5K Cr

Mar 2026₹17.8K Cr

Jun 2026₹18.4K Cr

Yes Bank Ltd · YESBANK

Sep 2021₹4.7K Cr

Dec 2021₹4.9K Cr

Mar 2022₹4.9K Cr

Jun 2022₹5.1K Cr

Sep 2022₹5.5K Cr

Dec 2022₹5.9K Cr

Mar 2023₹6.2K Cr

Jun 2023₹6.4K Cr

Sep 2023₹6.7K Cr

Dec 2023₹7.0K Cr

Mar 2024₹7.5K Cr

Jun 2024₹7.7K Cr

Sep 2024₹7.7K Cr

Dec 2024₹7.8K Cr

Mar 2025₹7.6K Cr

Jun 2025₹7.6K Cr

Sep 2025₹7.4K Cr

Dec 2025₹7.6K Cr

Mar 2026₹7.7K Cr

Jun 2026₹8.1K Cr

Income growth · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202225%

Dec 202229%

Mar 202335%

Jun 202337%

Sep 202332%

Dec 202326%

Mar 202423%

Jun 202419%

Sep 202415%

Dec 202411%

Mar 20257.4%

Jun 20253.8%

Sep 20252.2%

Dec 20254.8%

Mar 20265.3%

Jun 20269.9%

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202219%

Dec 202212%

Mar 202310%

Jun 202312%

Sep 202319%

Dec 202323%

Mar 202422%

Jun 202422%

Sep 202422%

Dec 202417%

Mar 20254.7%

Jun 2025-1.1%

Sep 2025-2.7%

Dec 2025-0.9%

Mar 2026-0.1%

Jun 20262.8%

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202312%

Mar 202412%

Jun 20245.9%

Sep 20248.2%

Dec 20248.8%

Mar 202515%

Jun 202520%

Sep 202517%

Dec 202521%

Mar 202626%

Jun 202622%

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202330%

Mar 202426%

Jun 202426%

Sep 202421%

Dec 202419%

Mar 202512%

Jun 20256.3%

Sep 20253.0%

Dec 20251.3%

Mar 202612%

Jun 20269.9%

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202373%

Mar 202467%

Jun 202459%

Sep 202411%

Dec 20249.0%

Mar 20259.3%

Jun 20257.1%

Sep 20254.8%

Dec 20252.4%

Mar 20260.5%

Jun 20263.7%

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202329%

Mar 202424%

Jun 202420%

Sep 202419%

Dec 202415%

Mar 202514%

Jun 202510%

Sep 20254.0%

Dec 20252.8%

Mar 20262.5%

Jun 20266.4%

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20228.0%

Sep 202214%

Dec 202222%

Mar 202327%

Jun 202331%

Sep 202329%

Dec 202322%

Mar 202422%

Jun 202417%

Sep 202413%

Dec 202411%

Mar 2025-13%

Jun 2025-2.3%

Sep 2025-8.5%

Dec 2025-11%

Mar 20263.5%

Jun 2026-7.8%

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20225.7%

Sep 202216%

Dec 202221%

Mar 202325%

Jun 202326%

Sep 202320%

Dec 202318%

Mar 202416%

Jun 202413%

Sep 202413%

Dec 202411%

Mar 202510%

Jun 20259.2%

Sep 20255.4%

Dec 20253.3%

Mar 20261.9%

Jun 20268.5%

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202221%

Dec 202228%

Mar 202336%

Jun 202340%

Sep 202337%

Dec 202332%

Mar 202426%

Jun 202423%

Sep 202420%

Dec 202415%

Mar 202511%

Jun 20258.9%

Sep 20254.7%

Dec 20255.3%

Mar 20266.3%

Jun 20266.4%

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202218%

Dec 202220%

Mar 202326%

Jun 202326%

Sep 202323%

Dec 202319%

Mar 202420%

Jun 202420%

Sep 202415%

Dec 202412%

Mar 20252.2%

Jun 2025-1.6%

Sep 2025-4.5%

Dec 2025-3.6%

Mar 20260.5%

Jun 20265.9%

08 · compare level, then change

Profit Scale & Acceleration

HDFC Bank Ltd has the highest Net profit among the 10 Banks - Private companies compared here, at ₹82,512 crore. ICICI Bank Ltd is next at ₹59,756 crore. Yes Bank Ltd has the highest Profit growth at 37.8%, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: HDFC Bank Ltd leads with ₹82,512 crore of TTM profit, 38.1% above ICICI Bank Ltd. Yes Bank Ltd shows 37.8% growth from a ₹3,775 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderHDFC Bank Ltd · ₹82,512 crore

Gap38.1% versus #2 · ICICI Bank Ltd

Persistence7/8 recent comparable periods

Coverage10/10 companies · 180 observations

Investor read: HDFC Bank Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profitlargest

1HDFC Bank Ltd HDFCBANK₹82.5K Cr

2ICICI Bank Ltd ICICIBANK₹59.8K Cr

3Axis Bank Ltd AXISBANK₹27.9K Cr

4Kotak Mahindra Bank Ltd KOTAKBANK₹20.3K Cr

5Federal Bank Ltd FEDERALBNK₹4.8K Cr

Profit growthfastest growers

1Yes Bank Ltd YESBANK38%

2Dhanlaxmi Bank Ltd DHANBANK⚠ unverified32%

3IndusInd Bank Ltd INDUSINDBK31%

4Federal Bank Ltd FEDERALBNK17%

5HDFC Bank Ltd HDFCBANK13%

Net profit · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
HDFC Bank Ltd HDFCBANK	₹20.4K Cr	19%	Jun 2026
ICICI Bank Ltd ICICIBANK	₹16.3K Cr	13%	Jun 2026
Axis Bank Ltd AXISBANK	₹7.7K Cr	22%	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	₹5.5K Cr	23%	Jun 2026
Federal Bank Ltd FEDERALBNK	₹1.3K Cr	37%	Jun 2026
Yes Bank Ltd YESBANK	₹1.1K Cr	33%	Jun 2026
IndusInd Bank Ltd INDUSINDBK	₹1.0K Cr	72%	Jun 2026
Bandhan Bank Ltd BANDHANBNK	₹502 Cr	35%	Jun 2026
Jammu and Kashmir Bank Ltd J&KBANK	₹429 Cr	-12%	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	₹25 Cr	108%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021₹3.4K Cr

Dec 2021₹4.0K Cr

Mar 2022₹4.4K Cr

Jun 2022₹4.4K Cr

Sep 2022₹5.6K Cr

Dec 2022₹6.2K Cr

Mar 2023₹-5.3K Cr

Jun 2023₹6.1K Cr

Sep 2023₹6.2K Cr

Dec 2023₹6.5K Cr

Mar 2024₹7.6K Cr

Jun 2024₹6.5K Cr

Sep 2024₹7.4K Cr

Dec 2024₹6.8K Cr

Mar 2025₹7.5K Cr

Jun 2025₹6.3K Cr

Sep 2025₹5.6K Cr

Dec 2025₹7.1K Cr

Mar 2026₹7.6K Cr

Jun 2026₹7.7K Cr

Bandhan Bank Ltd · BANDHANBNK

Sep 2021₹-3.0K Cr

Dec 2021₹859 Cr

Mar 2022₹1.9K Cr

Jun 2022₹887 Cr

Sep 2022₹209 Cr

Dec 2022₹291 Cr

Mar 2023₹808 Cr

Jun 2023₹721 Cr

Sep 2023₹721 Cr

Dec 2023₹733 Cr

Mar 2024₹55 Cr

Jun 2024₹1.1K Cr

Sep 2024₹937 Cr

Dec 2024₹426 Cr

Mar 2025₹318 Cr

Jun 2025₹372 Cr

Sep 2025₹112 Cr

Dec 2025₹206 Cr

Mar 2026₹534 Cr

Jun 2026₹502 Cr

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹22 Cr

Mar 2023₹38 Cr

Jun 2023₹28 Cr

Sep 2023₹23 Cr

Dec 2023₹3 Cr

Mar 2024₹3 Cr

Jun 2024₹-8 Cr

Sep 2024₹26 Cr

Dec 2024₹20 Cr

Mar 2025₹29 Cr

Jun 2025₹12 Cr

Sep 2025₹23 Cr

Dec 2025₹24 Cr

Mar 2026₹43 Cr

Jun 2026₹25 Cr

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹856 Cr

Mar 2023₹964 Cr

Jun 2023₹894 Cr

Sep 2023₹1.0K Cr

Dec 2023₹1.1K Cr

Mar 2024₹996 Cr

Jun 2024₹1.0K Cr

Sep 2024₹1.1K Cr

Dec 2024₹951 Cr

Mar 2025₹1.1K Cr

Jun 2025₹951 Cr

Sep 2025₹1.0K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.4K Cr

Jun 2026₹1.3K Cr

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹12.7K Cr

Mar 2023₹12.6K Cr

Jun 2023₹12.4K Cr

Sep 2023₹17.3K Cr

Dec 2023₹17.7K Cr

Mar 2024₹18.0K Cr

Jun 2024₹17.2K Cr

Sep 2024₹18.6K Cr

Dec 2024₹18.3K Cr

Mar 2025₹19.3K Cr

Jun 2025₹17.1K Cr

Sep 2025₹20.4K Cr

Dec 2025₹20.7K Cr

Mar 2026₹21.1K Cr

Jun 2026₹20.4K Cr

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹9.2K Cr

Mar 2023₹10.2K Cr

Jun 2023₹11.0K Cr

Sep 2023₹11.4K Cr

Dec 2023₹11.5K Cr

Mar 2024₹12.2K Cr

Jun 2024₹12.5K Cr

Sep 2024₹13.9K Cr

Dec 2024₹13.8K Cr

Mar 2025₹14.4K Cr

Jun 2025₹14.5K Cr

Sep 2025₹14.3K Cr

Dec 2025₹13.5K Cr

Mar 2026₹15.7K Cr

Jun 2026₹16.3K Cr

IndusInd Bank Ltd · INDUSINDBK

Sep 2021₹1.1K Cr

Dec 2021₹1.2K Cr

Mar 2022₹1.4K Cr

Jun 2022₹1.6K Cr

Sep 2022₹1.8K Cr

Dec 2022₹2.0K Cr

Mar 2023₹2.0K Cr

Jun 2023₹2.1K Cr

Sep 2023₹2.2K Cr

Dec 2023₹2.3K Cr

Mar 2024₹2.3K Cr

Jun 2024₹2.2K Cr

Sep 2024₹1.3K Cr

Dec 2024₹1.4K Cr

Mar 2025₹-2.3K Cr

Jun 2025₹604 Cr

Sep 2025₹-437 Cr

Dec 2025₹128 Cr

Mar 2026₹594 Cr

Jun 2026₹1.0K Cr

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021₹107 Cr

Dec 2021₹169 Cr

Mar 2022₹119 Cr

Jun 2022₹161 Cr

Sep 2022₹240 Cr

Dec 2022₹307 Cr

Mar 2023₹473 Cr

Jun 2023₹331 Cr

Sep 2023₹384 Cr

Dec 2023₹423 Cr

Mar 2024₹633 Cr

Jun 2024₹418 Cr

Sep 2024₹553 Cr

Dec 2024₹529 Cr

Mar 2025₹582 Cr

Jun 2025₹485 Cr

Sep 2025₹495 Cr

Dec 2025₹581 Cr

Mar 2026₹799 Cr

Jun 2026₹429 Cr

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021₹3.0K Cr

Dec 2021₹3.4K Cr

Mar 2022₹3.9K Cr

Jun 2022₹2.8K Cr

Sep 2022₹3.6K Cr

Dec 2022₹4.0K Cr

Mar 2023₹4.6K Cr

Jun 2023₹4.2K Cr

Sep 2023₹4.5K Cr

Dec 2023₹4.3K Cr

Mar 2024₹5.3K Cr

Jun 2024₹7.4K Cr

Sep 2024₹5.0K Cr

Dec 2024₹4.7K Cr

Mar 2025₹4.9K Cr

Jun 2025₹4.5K Cr

Sep 2025₹4.5K Cr

Dec 2025₹4.9K Cr

Mar 2026₹5.4K Cr

Jun 2026₹5.5K Cr

Yes Bank Ltd · YESBANK

Sep 2021₹223 Cr

Dec 2021₹266 Cr

Mar 2022₹372 Cr

Jun 2022₹314 Cr

Sep 2022₹160 Cr

Dec 2022₹55 Cr

Mar 2023₹206 Cr

Jun 2023₹347 Cr

Sep 2023₹229 Cr

Dec 2023₹243 Cr

Mar 2024₹467 Cr

Jun 2024₹516 Cr

Sep 2024₹567 Cr

Dec 2024₹619 Cr

Mar 2025₹745 Cr

Jun 2025₹809 Cr

Sep 2025₹664 Cr

Dec 2025₹957 Cr

Mar 2026₹1.1K Cr

Jun 2026₹1.1K Cr

Profit growth · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202266%

Dec 202257%

Mar 2023-221%

Jun 202340%

Sep 202311%

Dec 20234.9%

Mar 2024—

Jun 20245.8%

Sep 202419%

Dec 20244.0%

Mar 2025-1.6%

Jun 2025-2.9%

Sep 2025-25%

Dec 20254.2%

Mar 20261.8%

Jun 202622%

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022-66%

Mar 2023-58%

Jun 2023-19%

Sep 2023245%

Dec 2023152%

Mar 2024-93%

Jun 202447%

Sep 202430%

Dec 2024-42%

Mar 2025478%

Jun 2025-65%

Sep 2025-88%

Dec 2025-52%

Mar 202668%

Jun 202635%

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-86%

Mar 2024-92%

Jun 2024-129%

Sep 202413%

Dec 2024567%

Mar 2025867%

Jun 2025—

Sep 2025-12%

Dec 202520%

Mar 202648%

Jun 2026108%

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202325%

Mar 20243.3%

Jun 202417%

Sep 202411%

Dec 2024-11%

Mar 202512%

Jun 2025-9.2%

Sep 2025-8.3%

Dec 202518%

Mar 202624%

Jun 202637%

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202339%

Mar 202443%

Jun 202439%

Sep 20247.6%

Dec 20243.5%

Mar 20257.1%

Jun 2025-0.6%

Sep 20259.3%

Dec 202513%

Mar 20269.3%

Jun 202619%

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202326%

Mar 202419%

Jun 202413%

Sep 202423%

Dec 202420%

Mar 202518%

Jun 202516%

Sep 20253.0%

Dec 2025-2.6%

Mar 20269.2%

Jun 202613%

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202261%

Sep 202257%

Dec 202258%

Mar 202346%

Jun 202330%

Sep 202322%

Dec 202317%

Mar 202415%

Jun 20242.2%

Sep 2024-40%

Dec 2024-39%

Mar 2025-199%

Jun 2025-72%

Sep 2025-133%

Dec 2025-91%

Mar 2026—

Jun 202672%

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202261%

Sep 2022124%

Dec 202282%

Mar 2023297%

Jun 2023106%

Sep 202360%

Dec 202338%

Mar 202434%

Jun 202426%

Sep 202444%

Dec 202425%

Mar 2025-8.1%

Jun 202516%

Sep 2025-10%

Dec 20259.8%

Mar 202637%

Jun 2026-12%

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202221%

Dec 202217%

Mar 202319%

Jun 202351%

Sep 202324%

Dec 20236.8%

Mar 202417%

Jun 202479%

Sep 202413%

Dec 202410%

Mar 2025-7.6%

Jun 2025-40%

Sep 2025-11%

Dec 20254.7%

Mar 20269.9%

Jun 202623%

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-28%

Dec 2022-79%

Mar 2023-45%

Jun 202311%

Sep 202343%

Dec 2023342%

Mar 2024127%

Jun 202449%

Sep 2024148%

Dec 2024155%

Mar 202560%

Jun 202557%

Sep 202517%

Dec 202555%

Mar 202645%

Jun 202633%

09 · compare level, then change

Funding Base & Its Composition

Axis Bank Ltd has the highest Deposits among the 10 Banks - Private companies compared here, at ₹13,71,173 crore. Kotak Mahindra Bank Ltd is next at ₹5,66,940 crore. HDFC Bank Ltd has the highest Borrowings at ₹5,88,485 crore, so level and change sit with different companies. 7 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Axis Bank Ltd leads deposits at ₹13,71,173 crore; HDFC Bank Ltd leads borrowings at ₹5,88,485 crore.

LeaderAxis Bank Ltd · ₹13,71,173 crore

Gap141.9% versus #2 · Kotak Mahindra Bank Ltd

Persistence8/8 recent comparable periods

Coverage7/10 companies · 105 observations

Investor read: Axis Bank Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Depositslargest deposit bases

1Axis Bank Ltd AXISBANK₹13.7 L Cr

2Kotak Mahindra Bank Ltd KOTAKBANK₹5.7 L Cr

3IndusInd Bank Ltd INDUSINDBK₹4.0 L Cr

4Yes Bank Ltd YESBANK₹3.2 L Cr

5Bandhan Bank Ltd BANDHANBNK₹1.7 L Cr

Borrowingslargest borrowings

1HDFC Bank Ltd HDFCBANK₹5.9 L Cr

2Axis Bank Ltd AXISBANK₹2.9 L Cr

3ICICI Bank Ltd ICICIBANK₹2.2 L Cr

4Kotak Mahindra Bank Ltd KOTAKBANK₹1.1 L Cr

5Yes Bank Ltd YESBANK₹68.5K Cr

Funding base · company comparison

7/10 level · 10/10 change

All-company data · latest reported quarter

Company	Deposits	Borrowings	Reported
Axis Bank Ltd AXISBANK	₹13.7 L Cr	₹2.9 L Cr	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	₹5.7 L Cr	₹1.1 L Cr	Jun 2026
IndusInd Bank Ltd INDUSINDBK	₹4.0 L Cr	₹42.8K Cr	Jun 2026
Yes Bank Ltd YESBANK	₹3.2 L Cr	₹68.5K Cr	Jun 2026
Bandhan Bank Ltd BANDHANBNK	₹1.7 L Cr	₹14.3K Cr	Jun 2026
Jammu and Kashmir Bank Ltd J&KBANK	₹1.7 L Cr	₹3.4K Cr	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	₹18.6K Cr	₹737 Cr	Jun 2026
HDFC Bank Ltd HDFCBANK	—	₹5.9 L Cr	Jun 2026
ICICI Bank Ltd ICICIBANK	—	₹2.2 L Cr	Jun 2026
Federal Bank Ltd FEDERALBNK	—	₹33.2K Cr	Jun 2026

Full 20-quarter history · every available company

Deposits · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021₹7.4 L Cr

Dec 2021₹7.7 L Cr

Mar 2022₹8.2 L Cr

Jun 2022₹8.0 L Cr

Sep 2022₹8.1 L Cr

Dec 2022₹8.5 L Cr

Mar 2023₹9.5 L Cr

Jun 2023₹9.4 L Cr

Sep 2023₹9.5 L Cr

Dec 2023₹10.0 L Cr

Mar 2024₹10.7 L Cr

Jun 2024₹10.6 L Cr

Sep 2024₹10.8 L Cr

Dec 2024₹10.9 L Cr

Mar 2025₹11.7 L Cr

Jun 2025₹11.6 L Cr

Sep 2025₹12.0 L Cr

Dec 2025₹12.6 L Cr

Mar 2026₹13.3 L Cr

Jun 2026₹13.7 L Cr

Bandhan Bank Ltd · BANDHANBNK

Sep 2021₹81.9K Cr

Dec 2021₹84.5K Cr

Mar 2022₹96.3K Cr

Jun 2022₹93.1K Cr

Sep 2022₹99.4K Cr

Dec 2022₹1.0 L Cr

Mar 2023₹1.1 L Cr

Jun 2023—

Sep 2023₹1.1 L Cr

Dec 2023—

Mar 2024₹1.4 L Cr

Jun 2024—

Sep 2024₹1.4 L Cr

Dec 2024—

Mar 2025₹1.5 L Cr

Jun 2025—

Sep 2025₹1.6 L Cr

Dec 2025—

Mar 2026₹1.7 L Cr

Jun 2026—

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021₹11.9K Cr

Dec 2021—

Mar 2022₹12.4K Cr

Jun 2022—

Sep 2022₹12.7K Cr

Dec 2022—

Mar 2023₹13.4K Cr

Jun 2023—

Sep 2023₹13.8K Cr

Dec 2023₹14.3K Cr

Mar 2024₹14.3K Cr

Jun 2024—

Sep 2024₹14.6K Cr

Dec 2024₹15.1K Cr

Mar 2025₹16.0K Cr

Jun 2025₹16.6K Cr

Sep 2025₹17.1K Cr

Dec 2025₹17.8K Cr

Mar 2026₹18.6K Cr

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021₹2.8 L Cr

Dec 2021—

Mar 2022₹2.9 L Cr

Jun 2022—

Sep 2022₹3.2 L Cr

Dec 2022—

Mar 2023₹3.4 L Cr

Jun 2023—

Sep 2023₹3.6 L Cr

Dec 2023—

Mar 2024₹3.8 L Cr

Jun 2024—

Sep 2024₹4.1 L Cr

Dec 2024—

Mar 2025₹4.1 L Cr

Jun 2025—

Sep 2025₹3.9 L Cr

Dec 2025—

Mar 2026₹4.0 L Cr

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021₹1.1 L Cr

Dec 2021₹1.1 L Cr

Mar 2022₹1.1 L Cr

Jun 2022₹1.1 L Cr

Sep 2022₹1.2 L Cr

Dec 2022₹1.2 L Cr

Mar 2023₹1.2 L Cr

Jun 2023₹1.2 L Cr

Sep 2023₹1.3 L Cr

Dec 2023₹1.3 L Cr

Mar 2024₹1.3 L Cr

Jun 2024₹1.3 L Cr

Sep 2024₹1.4 L Cr

Dec 2024₹1.4 L Cr

Mar 2025₹1.5 L Cr

Jun 2025₹1.5 L Cr

Sep 2025₹1.5 L Cr

Dec 2025₹1.6 L Cr

Mar 2026₹1.7 L Cr

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021₹2.9 L Cr

Dec 2021—

Mar 2022₹3.1 L Cr

Jun 2022—

Sep 2022₹3.2 L Cr

Dec 2022—

Mar 2023₹3.6 L Cr

Jun 2023—

Sep 2023₹4.0 L Cr

Dec 2023—

Mar 2024₹4.5 L Cr

Jun 2024—

Sep 2024₹4.6 L Cr

Dec 2024—

Mar 2025₹4.9 L Cr

Jun 2025—

Sep 2025₹5.2 L Cr

Dec 2025—

Mar 2026₹5.7 L Cr

Jun 2026—

Yes Bank Ltd · YESBANK

Sep 2021₹1.8 L Cr

Dec 2021₹1.8 L Cr

Mar 2022₹2.0 L Cr

Jun 2022—

Sep 2022₹2.0 L Cr

Dec 2022₹2.1 L Cr

Mar 2023₹2.2 L Cr

Jun 2023₹2.2 L Cr

Sep 2023₹2.3 L Cr

Dec 2023₹2.4 L Cr

Mar 2024₹2.7 L Cr

Jun 2024₹2.6 L Cr

Sep 2024₹2.8 L Cr

Dec 2024₹2.8 L Cr

Mar 2025₹2.8 L Cr

Jun 2025₹2.8 L Cr

Sep 2025₹3.0 L Cr

Dec 2025₹2.9 L Cr

Mar 2026₹3.2 L Cr

Jun 2026₹3.2 L Cr

Borrowings · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021₹1.7 L Cr

Dec 2021₹1.9 L Cr

Mar 2022₹2.0 L Cr

Jun 2022₹1.9 L Cr

Sep 2022₹2.0 L Cr

Dec 2022₹2.0 L Cr

Mar 2023₹2.1 L Cr

Jun 2023₹1.9 L Cr

Sep 2023₹2.1 L Cr

Dec 2023₹2.2 L Cr

Mar 2024₹2.3 L Cr

Jun 2024₹2.2 L Cr

Sep 2024₹2.3 L Cr

Dec 2024₹2.3 L Cr

Mar 2025₹2.2 L Cr

Jun 2025₹2.2 L Cr

Sep 2025₹2.4 L Cr

Dec 2025₹2.6 L Cr

Mar 2026₹2.8 L Cr

Jun 2026₹2.9 L Cr

Bandhan Bank Ltd · BANDHANBNK

Sep 2021₹13.9K Cr

Dec 2021₹16.4K Cr

Mar 2022₹19.9K Cr

Jun 2022₹24.5K Cr

Sep 2022₹18.2K Cr

Dec 2022₹18.4K Cr

Mar 2023₹24.7K Cr

Jun 2023₹24.7K Cr

Sep 2023₹16.2K Cr

Dec 2023₹16.2K Cr

Mar 2024₹16.4K Cr

Jun 2024₹16.4K Cr

Sep 2024₹8.3K Cr

Dec 2024₹8.3K Cr

Mar 2025₹11.1K Cr

Jun 2025₹11.1K Cr

Sep 2025₹8.1K Cr

Dec 2025₹8.1K Cr

Mar 2026₹14.3K Cr

Jun 2026₹14.3K Cr

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021₹150 Cr

Dec 2021₹150 Cr

Mar 2022₹150 Cr

Jun 2022₹150 Cr

Sep 2022₹580 Cr

Dec 2022₹580 Cr

Mar 2023₹492 Cr

Jun 2023₹492 Cr

Sep 2023₹165 Cr

Dec 2023₹150 Cr

Mar 2024₹299 Cr

Jun 2024—

Sep 2024₹150 Cr

Dec 2024₹150 Cr

Mar 2025₹200 Cr

Jun 2025₹420 Cr

Sep 2025₹453 Cr

Dec 2025₹501 Cr

Mar 2026₹737 Cr

Jun 2026—

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022₹19.6K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹25.9K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹25.2K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹32.6K Cr

Jun 2025—

Sep 2025₹26.9K Cr

Dec 2025—

Mar 2026₹33.2K Cr

Jun 2026—

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022₹2.3 L Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹2.6 L Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹7.3 L Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹6.3 L Cr

Jun 2025—

Sep 2025₹6.0 L Cr

Dec 2025—

Mar 2026₹5.9 L Cr

Jun 2026—

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 2022₹1.6 L Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹1.9 L Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹2.1 L Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹2.2 L Cr

Jun 2025—

Sep 2025₹2.2 L Cr

Dec 2025—

Mar 2026₹2.2 L Cr

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021₹46.3K Cr

Dec 2021₹46.3K Cr

Mar 2022₹47.3K Cr

Jun 2022₹47.3K Cr

Sep 2022₹40.7K Cr

Dec 2022₹40.7K Cr

Mar 2023₹49.0K Cr

Jun 2023₹49.0K Cr

Sep 2023₹40.5K Cr

Dec 2023₹40.5K Cr

Mar 2024₹47.6K Cr

Jun 2024₹47.6K Cr

Sep 2024₹44.7K Cr

Dec 2024₹44.7K Cr

Mar 2025₹53.7K Cr

Jun 2025₹53.7K Cr

Sep 2025₹45.4K Cr

Dec 2025₹45.4K Cr

Mar 2026₹42.8K Cr

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021₹2.0K Cr

Dec 2021₹2.0K Cr

Mar 2022₹2.4K Cr

Jun 2022₹1.9K Cr

Sep 2022₹2.9K Cr

Dec 2022₹3.3K Cr

Mar 2023₹2.9K Cr

Jun 2023₹4.4K Cr

Sep 2023₹3.8K Cr

Dec 2023₹2.9K Cr

Mar 2024₹2.9K Cr

Jun 2024₹4.5K Cr

Sep 2024₹2.9K Cr

Dec 2024₹2.4K Cr

Mar 2025₹2.4K Cr

Jun 2025₹2.4K Cr

Sep 2025₹2.4K Cr

Dec 2025₹2.4K Cr

Mar 2026₹3.4K Cr

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021₹57.4K Cr

Dec 2021₹57.4K Cr

Mar 2022₹55.6K Cr

Jun 2022₹55.1K Cr

Sep 2022₹47.1K Cr

Dec 2022₹47.1K Cr

Mar 2023₹57.5K Cr

Jun 2023₹57.0K Cr

Sep 2023₹61.5K Cr

Dec 2023₹61.5K Cr

Mar 2024₹75.1K Cr

Jun 2024₹78.0K Cr

Sep 2024₹77.1K Cr

Dec 2024₹77.1K Cr

Mar 2025₹97.6K Cr

Jun 2025₹1.0 L Cr

Sep 2025₹82.7K Cr

Dec 2025₹82.7K Cr

Mar 2026₹95.4K Cr

Jun 2026₹1.1 L Cr

Yes Bank Ltd · YESBANK

Sep 2021₹63.9K Cr

Dec 2021₹72.0K Cr

Mar 2022₹72.3K Cr

Jun 2022₹72.3K Cr

Sep 2022₹76.9K Cr

Dec 2022₹69.3K Cr

Mar 2023₹77.8K Cr

Jun 2023₹75.2K Cr

Sep 2023₹71.2K Cr

Dec 2023₹79.9K Cr

Mar 2024₹80.5K Cr

Jun 2024₹80.6K Cr

Sep 2024₹79.0K Cr

Dec 2024₹70.5K Cr

Mar 2025₹72.0K Cr

Jun 2025₹67.2K Cr

Sep 2025₹62.7K Cr

Dec 2025₹63.8K Cr

Mar 2026₹65.5K Cr

Jun 2026₹68.5K Cr

10 · compare level, then change

Return On Assets

ICICI Bank Ltd has the highest ROA among the 10 Banks - Private companies compared here, at 2.1%. Kotak Mahindra Bank Ltd is next at 1.9%. Yes Bank Ltd has the highest ROA change at +0.3 percentage points, so level and change sit with different companies. 9 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: ICICI Bank Ltd leads roa at 2.1%; Yes Bank Ltd leads roa change at +0.3 percentage points.

LeaderICICI Bank Ltd · 2.1%

Gap11.1% versus #2 · Kotak Mahindra Bank Ltd

PersistenceNot enough history

Coverage9/10 companies · 96 observations

Investor read: ICICI Bank Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

ROAhighest

1ICICI Bank Ltd ICICIBANK2.1%

2Kotak Mahindra Bank Ltd KOTAKBANK1.9%

3HDFC Bank Ltd HDFCBANK1.8%

4Axis Bank Ltd AXISBANK1.6%

5Jammu and Kashmir Bank Ltd J&KBANK1.3%

ROA changefastest improvers

1Yes Bank Ltd YESBANK+0.3 pp

2Dhanlaxmi Bank Ltd DHANBANK⚠ unverified0.0 pp

3Jammu and Kashmir Bank Ltd J&KBANK0.0 pp

4Axis Bank Ltd AXISBANK−0.3 pp

5IndusInd Bank Ltd INDUSINDBK−0.3 pp

Return on assets · company comparison

9/10 level · 7/10 change

Withheld from this chart: HDFC Bank Ltd (HDFCBANK) — its two data sources disagree by up to 26% on reported income across 15 comparable periods, so its derived ratios are withheld; ICICI Bank Ltd (ICICIBANK) — its two data sources disagree by up to 7% on reported income across 15 comparable periods, so its derived ratios are withheld; Federal Bank Ltd (FEDERALBNK) — its two data sources disagree by up to 3.6% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROA	ROA change	Reported
Kotak Mahindra Bank Ltd KOTAKBANK	1.9%	−0.6 pp	Jun 2026
Axis Bank Ltd AXISBANK	1.6%	−0.3 pp	Jun 2026
Jammu and Kashmir Bank Ltd J&KBANK	1.3%	0.0 pp	Jun 2026
Yes Bank Ltd YESBANK	1.0%	+0.3 pp	Jun 2026
Bandhan Bank Ltd BANDHANBNK	0.6%	−0.8 pp	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	0.5%	0.0 pp	Jun 2026
IndusInd Bank Ltd INDUSINDBK	0.2%	−0.3 pp	Jun 2026

Full 20-quarter history · every available company

ROA · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 20211.3%

Mar 20221.5%

Jun 20221.5%

Sep 20221.5%

Dec 20221.9%

Mar 20232.0%

Jun 2023-1.6%

Sep 20231.8%

Dec 20231.8%

Mar 20241.9%

Jun 20242.1%

Sep 20241.7%

Dec 20241.9%

Mar 20251.7%

Jun 20251.9%

Sep 20251.5%

Dec 20251.3%

Mar 20261.6%

Jun 20261.6%

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 20222.9%

Jun 20225.8%

Sep 20222.5%

Dec 20220.6%

Mar 20230.8%

Jun 20232.2%

Sep 20231.7%

Dec 2023—

Mar 20241.3%

Jun 2024—

Sep 20241.6%

Dec 2024—

Mar 20251.4%

Jun 2025—

Sep 20250.6%

Dec 2025—

Mar 20260.6%

Jun 2026—

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20230.7%

Dec 20230.6%

Mar 20240.1%

Jun 20240.1%

Sep 20240.1%

Dec 20240.2%

Mar 20250.5%

Jun 20250.7%

Sep 20250.3%

Dec 20250.5%

Mar 20260.5%

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 20221.2%

Jun 2022—

Sep 20221.4%

Dec 2022—

Mar 20231.6%

Jun 2023—

Sep 20231.7%

Dec 2023—

Mar 20241.7%

Jun 2024—

Sep 20241.5%

Dec 2024—

Mar 20250.5%

Jun 2025—

Sep 2025-0.1%

Dec 2025—

Mar 20260.2%

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 20210.3%

Dec 20210.4%

Mar 20220.6%

Jun 20220.4%

Sep 20220.5%

Dec 20220.7%

Mar 20230.9%

Jun 20231.4%

Sep 20230.9%

Dec 20231.1%

Mar 20241.1%

Jun 20241.7%

Sep 20241.1%

Dec 20241.4%

Mar 20251.3%

Jun 20251.4%

Sep 20251.1%

Dec 20251.1%

Mar 20261.3%

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20222.4%

Dec 2022—

Mar 20232.4%

Jun 2023—

Sep 20232.5%

Dec 2023—

Mar 20242.4%

Jun 2024—

Sep 20242.7%

Dec 2024—

Mar 20252.5%

Jun 2025—

Sep 20252.0%

Dec 2025—

Mar 20261.9%

Jun 2026—

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 20220.4%

Jun 20220.5%

Sep 20220.3%

Dec 20220.3%

Mar 20230.1%

Jun 20230.2%

Sep 20230.4%

Dec 20230.3%

Mar 20240.3%

Jun 20240.5%

Sep 20240.5%

Dec 20240.5%

Mar 20250.6%

Jun 20250.7%

Sep 20250.8%

Dec 20250.6%

Mar 20260.9%

Jun 20261.0%

ROA change · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.6 pp

Mar 2023+0.5 pp

Jun 2023−3.1 pp

Sep 2023+0.3 pp

Dec 2023−0.1 pp

Mar 2024−0.1 pp

Jun 2024+3.7 pp

Sep 2024−0.1 pp

Dec 2024+0.1 pp

Mar 2025−0.2 pp

Jun 2025−0.2 pp

Sep 2025−0.2 pp

Dec 2025−0.6 pp

Mar 2026−0.1 pp

Jun 2026−0.3 pp

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−2.1 pp

Jun 2023−3.6 pp

Sep 2023−0.8 pp

Dec 2023—

Mar 2024+0.5 pp

Jun 2024—

Sep 2024−0.1 pp

Dec 2024—

Mar 2025+0.1 pp

Jun 2025—

Sep 2025−1.0 pp

Dec 2025—

Mar 2026−0.8 pp

Jun 2026—

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024−0.6 pp

Dec 2024−0.4 pp

Mar 2025+0.4 pp

Jun 2025+0.6 pp

Sep 2025+0.2 pp

Dec 2025+0.3 pp

Mar 20260.0 pp

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+0.4 pp

Jun 2023—

Sep 2023+0.3 pp

Dec 2023—

Mar 2024+0.1 pp

Jun 2024—

Sep 2024−0.2 pp

Dec 2024—

Mar 2025−1.2 pp

Jun 2025—

Sep 2025−1.6 pp

Dec 2025—

Mar 2026−0.3 pp

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022+0.3 pp

Mar 2023+0.3 pp

Jun 2023+1.0 pp

Sep 2023+0.4 pp

Dec 2023+0.4 pp

Mar 2024+0.2 pp

Jun 2024+0.3 pp

Sep 2024+0.2 pp

Dec 2024+0.3 pp

Mar 2025+0.2 pp

Jun 2025−0.3 pp

Sep 20250.0 pp

Dec 2025−0.3 pp

Mar 20260.0 pp

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023+0.1 pp

Dec 2023—

Mar 20240.0 pp

Jun 2024—

Sep 2024+0.2 pp

Dec 2024—

Mar 2025+0.1 pp

Jun 2025—

Sep 2025−0.7 pp

Dec 2025—

Mar 2026−0.6 pp

Jun 2026—

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−0.3 pp

Jun 2023−0.3 pp

Sep 2023+0.1 pp

Dec 20230.0 pp

Mar 2024+0.2 pp

Jun 2024+0.3 pp

Sep 2024+0.1 pp

Dec 2024+0.2 pp

Mar 2025+0.3 pp

Jun 2025+0.2 pp

Sep 2025+0.3 pp

Dec 2025+0.1 pp

Mar 2026+0.3 pp

Jun 2026+0.3 pp

11 · compare level, then change

ROE — Leaders & Improvers

ICICI Bank Ltd has the highest ROE among the 10 Banks - Private companies compared here, at 15.9%. Jammu and Kashmir Bank Ltd is next at 15.4%. Bandhan Bank Ltd has the highest ROE change at +3.2 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: ICICI Bank Ltd leads roe at 15.9%; Bandhan Bank Ltd leads roe change at +3.2 percentage points.

LeaderICICI Bank Ltd · 15.9%

Gap3.2% versus #2 · Jammu and Kashmir Bank Ltd

PersistenceNot enough history

Coverage10/10 companies · 133 observations

Investor read: ICICI Bank Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

ROEhighest

1ICICI Bank Ltd ICICIBANK16%

2Jammu and Kashmir Bank Ltd J&KBANK15%

3HDFC Bank Ltd HDFCBANK14%

4Axis Bank Ltd AXISBANK13%

5Federal Bank Ltd FEDERALBNK12%

ROE changefastest improvers

1Bandhan Bank Ltd BANDHANBNK+3.2 pp

2Yes Bank Ltd YESBANK+2.2 pp

3HDFC Bank Ltd HDFCBANK0.0 pp

4Jammu and Kashmir Bank Ltd J&KBANK−0.3 pp

5Kotak Mahindra Bank Ltd KOTAKBANK−0.5 pp

Return on equity · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	ROE	ROE change	Reported
Jammu and Kashmir Bank Ltd J&KBANK	15%	−0.3 pp	Jun 2026
Axis Bank Ltd AXISBANK	14%	−1.9 pp	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	12%	−0.5 pp	Jun 2026
Yes Bank Ltd YESBANK	8.5%	+2.2 pp	Jun 2026
Bandhan Bank Ltd BANDHANBNK	8.5%	+3.2 pp	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	6.7%	−0.8 pp	Jun 2026
IndusInd Bank Ltd INDUSINDBK	0.8%	−7.7 pp	Jun 2026

Full 20-quarter history · every available company

ROE · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 202113%

Mar 202214%

Jun 202215%

Sep 202215%

Dec 202218%

Mar 202319%

Jun 2023-16%

Sep 202318%

Dec 202318%

Mar 202418%

Jun 202420%

Sep 202416%

Dec 202418%

Mar 202515%

Jun 202516%

Sep 202513%

Dec 202511%

Mar 202614%

Jun 202614%

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021-75%

Mar 202223%

Jun 202246%

Sep 202220%

Dec 20224.6%

Mar 20236.2%

Jun 202317%

Sep 202315%

Dec 202314%

Mar 202414%

Jun 20241.0%

Sep 202420%

Dec 202417%

Mar 20257.2%

Jun 20255.3%

Sep 20256.0%

Dec 20251.8%

Mar 20263.3%

Jun 20268.5%

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 20213.1%

Dec 20211.7%

Mar 20220.9%

Jun 202211%

Sep 2022-12%

Dec 20227.1%

Mar 20239.8%

Jun 202317%

Sep 202312%

Dec 20239.3%

Mar 20241.2%

Jun 20241.3%

Sep 20242.3%

Dec 20249.9%

Mar 20257.5%

Jun 20259.4%

Sep 20253.5%

Dec 20256.6%

Mar 20266.7%

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 20219.3%

Dec 202110%

Mar 202211%

Jun 202212%

Sep 202214%

Dec 202215%

Mar 202315%

Jun 202315%

Sep 202315%

Dec 202316%

Mar 202416%

Jun 202416%

Sep 202414%

Dec 20248.3%

Mar 20258.5%

Jun 2025-14%

Sep 20253.7%

Dec 2025-2.7%

Mar 20260.8%

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 20215.8%

Dec 20215.9%

Mar 20228.7%

Jun 20226.0%

Sep 20227.9%

Dec 202212%

Mar 202314%

Jun 202320%

Sep 202313%

Dec 202315%

Mar 202415%

Jun 202421%

Sep 202414%

Dec 202417%

Mar 202516%

Jun 202517%

Sep 202514%

Dec 202513%

Mar 202615%

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 202114%

Mar 202215%

Jun 202217%

Sep 202211%

Dec 202214%

Mar 202315%

Jun 202317%

Sep 202315%

Dec 202315%

Mar 202414%

Jun 202417%

Sep 202423%

Dec 202415%

Mar 202513%

Jun 202513%

Sep 202511%

Dec 202511%

Mar 202612%

Jun 202612%

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 20212.7%

Mar 20223.2%

Jun 20224.4%

Sep 20223.7%

Dec 20221.9%

Mar 20230.6%

Jun 20232.0%

Sep 20233.4%

Dec 20232.2%

Mar 20242.3%

Jun 20244.5%

Sep 20244.7%

Dec 20244.9%

Mar 20255.3%

Jun 20256.3%

Sep 20256.7%

Dec 20255.4%

Mar 20267.7%

Jun 20268.5%

ROE change · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+5.3 pp

Mar 2023+4.6 pp

Jun 2023−31.4 pp

Sep 2023+3.7 pp

Dec 2023−0.1 pp

Mar 2024−1.0 pp

Jun 2024+36.0 pp

Sep 2024−2.3 pp

Dec 2024−0.2 pp

Mar 2025−2.4 pp

Jun 2025−3.6 pp

Sep 2025−2.9 pp

Dec 2025−6.3 pp

Mar 2026−1.6 pp

Jun 2026−1.9 pp

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+79.8 pp

Mar 2023−16.6 pp

Jun 2023−29.4 pp

Sep 2023−5.2 pp

Dec 2023+9.7 pp

Mar 2024+7.9 pp

Jun 2024−15.9 pp

Sep 2024+5.0 pp

Dec 2024+2.2 pp

Mar 2025−6.9 pp

Jun 2025+4.3 pp

Sep 2025−13.7 pp

Dec 2025−14.7 pp

Mar 2026−3.9 pp

Jun 2026+3.2 pp

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−14.8 pp

Dec 2022+5.4 pp

Mar 2023+8.9 pp

Jun 2023+5.9 pp

Sep 2023+23.5 pp

Dec 2023+2.2 pp

Mar 2024−8.6 pp

Jun 2024−15.2 pp

Sep 2024−9.5 pp

Dec 2024+0.6 pp

Mar 2025+6.3 pp

Jun 2025+8.1 pp

Sep 2025+1.2 pp

Dec 2025−3.3 pp

Mar 2026−0.8 pp

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.3 pp

Dec 2022+4.3 pp

Mar 2023+4.4 pp

Jun 2023+3.4 pp

Sep 2023+1.8 pp

Dec 2023+0.9 pp

Mar 2024+0.4 pp

Jun 2024+0.1 pp

Sep 2024−1.7 pp

Dec 2024−7.2 pp

Mar 2025−7.3 pp

Jun 2025−29.8 pp

Sep 2025−10.0 pp

Dec 2025−11.0 pp

Mar 2026−7.7 pp

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.1 pp

Dec 2022+5.6 pp

Mar 2023+5.5 pp

Jun 2023+14.2 pp

Sep 2023+5.3 pp

Dec 2023+3.2 pp

Mar 2024+0.9 pp

Jun 2024+0.9 pp

Sep 2024+0.3 pp

Dec 2024+2.3 pp

Mar 2025+0.5 pp

Jun 2025−4.5 pp

Sep 20250.0 pp

Dec 2025−3.6 pp

Mar 2026−0.3 pp

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.7 pp

Mar 2023+0.2 pp

Jun 2023+0.2 pp

Sep 2023+3.5 pp

Dec 2023+0.9 pp

Mar 2024−1.3 pp

Jun 2024+0.1 pp

Sep 2024+8.1 pp

Dec 2024−0.7 pp

Mar 2025−1.3 pp

Jun 2025−4.1 pp

Sep 2025−11.5 pp

Dec 2025−3.6 pp

Mar 2026−1.1 pp

Jun 2026−0.5 pp

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.8 pp

Mar 2023−2.6 pp

Jun 2023−2.4 pp

Sep 2023−0.3 pp

Dec 2023+0.3 pp

Mar 2024+1.7 pp

Jun 2024+2.5 pp

Sep 2024+1.3 pp

Dec 2024+2.7 pp

Mar 2025+3.0 pp

Jun 2025+1.8 pp

Sep 2025+2.0 pp

Dec 2025+0.5 pp

Mar 2026+2.4 pp

Jun 2026+2.2 pp

12 · compare level, then change

Gross NPA — Leaders & Improvers

Yes Bank Ltd has the lowest Gross NPA among the 10 Banks - Private companies compared here, at 1.3%. Dhanlaxmi Bank Ltd is next at 1.8%. Bandhan Bank Ltd has the lowest GNPA change at -1.8 percentage points, so level and change sit with different companies. 4 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Yes Bank Ltd leads gross npa at 1.3%; Bandhan Bank Ltd leads gnpa change at -1.8 percentage points.

LeaderYes Bank Ltd · 1.3%

Gap28.6% versus #2 · Dhanlaxmi Bank Ltd

Persistence8/8 recent comparable periods

Coverage4/10 companies · 109 observations

Investor read: Yes Bank Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

Gross NPAlowest

1Yes Bank Ltd YESBANK1.3%

2Dhanlaxmi Bank Ltd DHANBANK⚠ unverified1.8%

3Bandhan Bank Ltd BANDHANBNK3.2%

4IndusInd Bank Ltd INDUSINDBK3.3%

GNPA changefastest improvers

1Bandhan Bank Ltd BANDHANBNK−1.8 pp

2Dhanlaxmi Bank Ltd DHANBANK⚠ unverified−1.4 pp

3IndusInd Bank Ltd INDUSINDBK−0.4 pp

4Yes Bank Ltd YESBANK−0.3 pp

5Federal Bank Ltd FEDERALBNK−0.2 pp

Asset quality · company comparison

4/10 level · 8/10 change

Withheld from this chart: ICICI Bank Ltd (ICICIBANK) — its two data sources disagree by up to 7% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	Gross NPA	GNPA change	Reported
IndusInd Bank Ltd INDUSINDBK	3.3%	−0.4 pp	Jun 2026
Bandhan Bank Ltd BANDHANBNK	3.2%	−1.8 pp	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	1.8%	−1.4 pp	Jun 2026
Federal Bank Ltd FEDERALBNK	1.7%	−0.2 pp	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	1.5%	+0.1 pp	Jun 2026
Axis Bank Ltd AXISBANK	1.4%	−0.1 pp	Jun 2026
Yes Bank Ltd YESBANK	1.3%	−0.3 pp	Jun 2026
HDFC Bank Ltd HDFCBANK	1.2%	−0.2 pp	Jun 2026

Full 20-quarter history · every available company

Gross NPA · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20222.4%

Mar 20232.0%

Jun 20232.0%

Sep 20231.7%

Dec 20231.6%

Mar 20241.4%

Jun 20241.5%

Sep 20241.4%

Dec 20241.5%

Mar 20251.3%

Jun 20251.6%

Sep 20251.5%

Dec 20251.4%

Mar 2026—

Jun 2026—

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20227.2%

Mar 20234.9%

Jun 20236.8%

Sep 20237.3%

Dec 20237.0%

Mar 20243.8%

Jun 20244.2%

Sep 20244.7%

Dec 20244.7%

Mar 20254.7%

Jun 20255.0%

Sep 20255.0%

Dec 20253.3%

Mar 20263.3%

Jun 20263.2%

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20225.8%

Mar 20235.2%

Jun 20235.2%

Sep 20235.4%

Dec 20234.8%

Mar 20244.1%

Jun 20244.0%

Sep 20243.8%

Dec 20243.5%

Mar 20253.0%

Jun 20253.2%

Sep 20253.1%

Dec 20252.4%

Mar 20261.9%

Jun 20261.8%

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20222.4%

Mar 20232.4%

Jun 20232.4%

Sep 20232.3%

Dec 20232.3%

Mar 20242.1%

Jun 20242.1%

Sep 20242.1%

Dec 20242.0%

Mar 20251.8%

Jun 20251.9%

Sep 20251.8%

Dec 20251.7%

Mar 2026—

Jun 2026—

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20221.2%

Mar 20231.1%

Jun 20231.2%

Sep 20231.3%

Dec 20231.3%

Mar 20241.2%

Jun 20241.3%

Sep 20241.4%

Dec 20241.4%

Mar 20251.3%

Jun 20251.4%

Sep 20251.2%

Dec 20251.2%

Mar 2026—

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20222.1%

Mar 20232.0%

Jun 20231.9%

Sep 20231.9%

Dec 20231.9%

Mar 20241.9%

Jun 20242.0%

Sep 20242.1%

Dec 20242.3%

Mar 20253.1%

Jun 20253.6%

Sep 20253.6%

Dec 20253.6%

Mar 20263.4%

Jun 20263.3%

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20221.9%

Mar 20231.8%

Jun 20231.8%

Sep 20231.7%

Dec 20231.7%

Mar 20241.4%

Jun 20241.4%

Sep 20241.5%

Dec 20241.5%

Mar 20251.5%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20222.0%

Mar 20232.2%

Jun 20232.0%

Sep 20232.0%

Dec 20232.0%

Mar 20241.7%

Jun 20241.7%

Sep 20241.6%

Dec 20241.6%

Mar 20251.6%

Jun 20251.6%

Sep 20251.6%

Dec 20251.5%

Mar 20261.3%

Jun 20261.3%

GNPA change · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−0.8 pp

Mar 2024−0.6 pp

Jun 2024−0.4 pp

Sep 2024−0.3 pp

Dec 2024−0.1 pp

Mar 2025−0.2 pp

Jun 2025+0.0 pp

Sep 2025+0.0 pp

Dec 2025−0.1 pp

Mar 2026—

Jun 2026—

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−0.1 pp

Mar 2024−1.0 pp

Jun 2024−2.5 pp

Sep 2024−2.6 pp

Dec 2024−2.3 pp

Mar 2025+0.9 pp

Jun 2025+0.7 pp

Sep 2025+0.3 pp

Dec 2025−1.4 pp

Mar 2026−1.4 pp

Jun 2026−1.8 pp

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−1.0 pp

Mar 2024−1.1 pp

Jun 2024−1.2 pp

Sep 2024−1.5 pp

Dec 2024−1.3 pp

Mar 2025−1.1 pp

Jun 2025−0.8 pp

Sep 2025−0.7 pp

Dec 2025−1.2 pp

Mar 2026−1.1 pp

Jun 2026−1.4 pp

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−0.1 pp

Mar 2024−0.2 pp

Jun 2024−0.3 pp

Sep 2024−0.2 pp

Dec 2024−0.3 pp

Mar 2025−0.3 pp

Jun 2025−0.2 pp

Sep 2025−0.3 pp

Dec 2025−0.2 pp

Mar 2026—

Jun 2026—

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023+0.0 pp

Mar 2024+0.1 pp

Jun 2024+0.2 pp

Sep 2024+0.0 pp

Dec 2024+0.2 pp

Mar 2025+0.1 pp

Jun 2025+0.1 pp

Sep 2025−0.1 pp

Dec 2025−0.2 pp

Mar 2026—

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−0.1 pp

Mar 2024−0.1 pp

Jun 2024+0.1 pp

Sep 2024+0.2 pp

Dec 2024+0.3 pp

Mar 2025+1.2 pp

Jun 2025+1.6 pp

Sep 2025+1.5 pp

Dec 2025+1.3 pp

Mar 2026+0.3 pp

Jun 2026−0.4 pp

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−0.2 pp

Mar 2024−0.4 pp

Jun 2024−0.4 pp

Sep 2024−0.2 pp

Dec 2024−0.2 pp

Mar 2025+0.1 pp

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.0 pp

Mar 2024−0.5 pp

Jun 2024−0.3 pp

Sep 2024−0.4 pp

Dec 2024−0.4 pp

Mar 2025−0.1 pp

Jun 2025−0.1 pp

Sep 20250.0 pp

Dec 2025−0.1 pp

Mar 2026−0.3 pp

Jun 2026−0.3 pp

13 · compare level, then change

Valuation Against Growth & Quality

Jammu and Kashmir Bank Ltd has the lowest P/BV ÷ ROE among the 10 Banks - Private companies compared here, at 0.06×. Dhanlaxmi Bank Ltd is next at 0.11×. Dhanlaxmi Bank Ltd has the lowest P/BV at 0.77×, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Jammu and Kashmir Bank Ltd has the lowest comparable P/BV ÷ ROE at 0.06×, 45.5% below Dhanlaxmi Bank Ltd. Only 10 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderJammu and Kashmir Bank Ltd · 0.06×

Gap45.5% versus #2 · Dhanlaxmi Bank Ltd

Persistence0/8 recent comparable periods

Coverage10/10 companies · 128 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

P/BV ÷ ROElowest return-adjusted price

1Jammu and Kashmir Bank Ltd J&KBANK0.1

2Dhanlaxmi Bank Ltd DHANBANK⚠ unverified0.1

3Axis Bank Ltd AXISBANK0.1

4HDFC Bank Ltd HDFCBANK0.1

5ICICI Bank Ltd ICICIBANK0.2

P/BVlowest P/BV

1Dhanlaxmi Bank Ltd DHANBANK⚠ unverified0.8

2Jammu and Kashmir Bank Ltd J&KBANK1.0

3IndusInd Bank Ltd INDUSINDBK1.1

4Bandhan Bank Ltd BANDHANBNK1.2

5Yes Bank Ltd YESBANK1.4

Valuation · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	P/BV ÷ ROE	P/BV	Reported
IndusInd Bank Ltd INDUSINDBK	1.1	1.1	Jun 2026
Kotak Mahindra Bank Ltd KOTAKBANK	0.2	2.6	Jun 2026
Yes Bank Ltd YESBANK	0.2	1.6	Jun 2026
Axis Bank Ltd AXISBANK	0.2	2.3	Jun 2026
Bandhan Bank Ltd BANDHANBNK	0.2	1.3	Jun 2026
Dhanlaxmi Bank Ltd DHANBANK⚠ unverified	0.1	0.9	Jun 2026
Jammu and Kashmir Bank Ltd J&KBANK	0.1	1.2	Jun 2026
HDFC Bank Ltd HDFCBANK	—	2.3	Jun 2026
ICICI Bank Ltd ICICIBANK	—	3.1	Jun 2026
Federal Bank Ltd FEDERALBNK	—	2.3	Jun 2026

Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 2021—

Dec 20210.1

Mar 20220.1

Jun 20220.1

Sep 20220.1

Dec 20220.1

Mar 20230.1

Jun 2023—

Sep 20230.1

Dec 20230.1

Mar 20240.1

Jun 20240.2

Sep 20240.2

Dec 20240.1

Mar 20250.1

Jun 20250.2

Sep 20250.1

Dec 20250.2

Mar 20260.1

Jun 20260.2

Bandhan Bank Ltd · BANDHANBNK

Sep 2021—

Dec 2021—

Mar 20220.1

Jun 20220.1

Sep 20220.1

Dec 20220.4

Mar 20230.3

Jun 20230.1

Sep 20230.1

Dec 20230.1

Mar 20240.1

Jun 20241.7

Sep 20240.1

Dec 20240.1

Mar 20250.1

Jun 20250.3

Sep 20250.2

Dec 20250.5

Mar 20260.3

Jun 20260.2

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 20210.2

Dec 20210.3

Mar 20220.4

Jun 20220.0

Sep 2022—

Dec 20220.1

Mar 20230.1

Jun 20230.0

Sep 20230.1

Dec 20230.1

Mar 20241.1

Jun 20241.1

Sep 20240.5

Dec 20240.1

Mar 20250.2

Jun 20250.1

Sep 20250.2

Dec 20250.1

Mar 20260.1

Jun 2026—

IndusInd Bank Ltd · INDUSINDBK

Sep 20210.2

Dec 20210.2

Mar 20220.1

Jun 20220.1

Sep 20220.1

Dec 20220.1

Mar 20230.1

Jun 20230.1

Sep 20230.1

Dec 20230.1

Mar 20240.1

Jun 20240.1

Sep 20240.1

Dec 20240.1

Mar 20250.1

Jun 2025—

Sep 20250.2

Dec 2025—

Mar 20261.1

Jun 2026—

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 20210.1

Dec 20210.1

Mar 20220.1

Jun 20220.1

Sep 20220.0

Dec 20220.1

Mar 20230.0

Jun 20230.0

Sep 20230.1

Dec 20230.1

Mar 20240.1

Jun 20240.1

Sep 20240.1

Dec 20240.1

Mar 20250.0

Jun 20250.1

Sep 20250.1

Dec 20250.1

Mar 20260.1

Jun 2026—

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 2021—

Dec 20210.3

Mar 20220.3

Jun 20220.2

Sep 20220.3

Dec 20220.2

Mar 20230.2

Jun 20230.2

Sep 20230.2

Dec 20230.2

Mar 20240.2

Jun 20240.2

Sep 20240.1

Dec 20240.2

Mar 20250.2

Jun 20250.3

Sep 20250.2

Dec 20250.2

Mar 20260.2

Jun 20260.2

Yes Bank Ltd · YESBANK

Sep 2021—

Dec 20210.4

Mar 20220.3

Jun 20220.2

Sep 20220.3

Dec 20220.8

Mar 20231.8

Jun 20230.6

Sep 20230.4

Dec 20230.7

Mar 20240.7

Jun 20240.4

Sep 20240.3

Dec 20240.3

Mar 20250.2

Jun 20250.2

Sep 20250.2

Dec 20250.3

Mar 20260.1

Jun 20260.2

P/BV · reported quarter history

Axis Bank Ltd · AXISBANK

Sep 20212.3

Dec 20211.8

Mar 20221.9

Jun 20221.9

Sep 20221.8

Dec 20222.2

Mar 20232.2

Jun 20232.2

Sep 20232.4

Dec 20232.4

Mar 20242.2

Jun 20243.0

Sep 20242.4

Dec 20241.9

Mar 20251.9

Jun 20252.4

Sep 20251.9

Dec 20251.9

Mar 20261.8

Jun 20262.3

Bandhan Bank Ltd · BANDHANBNK

Sep 20212.6

Dec 20212.8

Mar 20223.3

Jun 20222.6

Sep 20222.3

Dec 20222.0

Mar 20231.8

Jun 20232.2

Sep 20232.1

Dec 20231.9

Mar 20241.4

Jun 20241.7

Sep 20241.5

Dec 20241.1

Mar 20251.0

Jun 20251.4

Sep 20251.0

Dec 20250.9

Mar 20261.0

Jun 20261.3

Dhanlaxmi Bank Ltd · DHANBANK⚠ unverified

Sep 20210.6

Dec 20210.5

Mar 20220.4

Jun 20220.4

Sep 20220.4

Dec 20220.7

Mar 20230.5

Jun 20230.6

Sep 20231.0

Dec 20231.0

Mar 20241.3

Jun 20241.4

Sep 20241.2

Dec 20241.2

Mar 20251.1

Jun 20251.0

Sep 20250.7

Dec 20250.7

Mar 20260.6

Jun 20260.9

Federal Bank Ltd · FEDERALBNK

Sep 2021—

Dec 2021—

Mar 20221.1

Jun 2022—

Sep 2022—

Dec 20221.4

Mar 20231.4

Jun 20231.4

Sep 20231.4

Dec 20231.4

Mar 20241.4

Jun 20241.7

Sep 20241.6

Dec 20241.5

Mar 20251.4

Jun 20251.7

Sep 20251.4

Dec 20251.8

Mar 20261.8

Jun 20262.3

HDFC Bank Ltd · HDFCBANK

Sep 2021—

Dec 2021—

Mar 20223.4

Jun 2022—

Sep 2022—

Dec 20223.5

Mar 20233.6

Jun 20233.1

Sep 20232.8

Dec 20233.1

Mar 20242.5

Jun 20243.2

Sep 20242.8

Dec 20242.9

Mar 20252.8

Jun 20253.4

Sep 20252.8

Dec 20252.8

Mar 20262.1

Jun 20262.3

ICICI Bank Ltd · ICICIBANK

Sep 2021—

Dec 2021—

Mar 20222.8

Jun 2022—

Sep 2022—

Dec 20223.2

Mar 20233.4

Jun 20232.9

Sep 20233.0

Dec 20233.0

Mar 20243.2

Jun 20243.9

Sep 20243.4

Dec 20243.3

Mar 20253.3

Jun 20254.0

Sep 20253.1

Dec 20252.9

Mar 20262.5

Jun 20263.1

IndusInd Bank Ltd · INDUSINDBK

Sep 20212.1

Dec 20211.5

Mar 20221.6

Jun 20221.4

Sep 20221.8

Dec 20221.9

Mar 20231.7

Jun 20232.2

Sep 20232.0

Dec 20232.1

Mar 20242.1

Jun 20242.1

Sep 20241.8

Dec 20241.1

Mar 20250.8

Jun 20251.1

Sep 20250.9

Dec 20251.0

Mar 20260.9

Jun 20261.1

Jammu and Kashmir Bank Ltd · J&KBANK

Sep 20210.4

Dec 20210.4

Mar 20220.4

Jun 20220.3

Sep 20220.3

Dec 20220.6

Mar 20230.6

Jun 20230.6

Sep 20231.1

Dec 20231.2

Mar 20241.2

Jun 20241.2

Sep 20240.9

Dec 20240.8

Mar 20250.7

Jun 20251.0

Sep 20250.8

Dec 20250.7

Mar 20260.8

Jun 20261.2

Kotak Mahindra Bank Ltd · KOTAKBANK

Sep 20214.8

Dec 20214.0

Mar 20223.8

Jun 20224.0

Sep 20223.5

Dec 20223.5

Mar 20233.6

Jun 20233.8

Sep 20233.1

Dec 20233.1

Mar 20242.9

Jun 20243.2

Sep 20242.9

Dec 20242.4

Mar 20252.9

Jun 20253.4

Sep 20252.5

Dec 20252.6

Mar 20262.2

Jun 20262.6

Yes Bank Ltd · YESBANK

Sep 20211.0

Dec 20211.0

Mar 20220.9

Jun 20220.9

Sep 20221.1

Dec 20221.5

Mar 20231.1

Jun 20231.1

Sep 20231.2

Dec 20231.5

Mar 20241.6

Jun 20241.7

Sep 20241.6

Dec 20241.3

Mar 20251.1

Jun 20251.4

Sep 20251.4

Dec 20251.4

Mar 20261.1

Jun 20261.6

14 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Banks - Private comparison names 7 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 3 have second-feed figures withheld because the two sources disagree.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
3 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.

15 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Banks - Private companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-25. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-25 · weekly price and relative-strength history

Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing6 cross-checked · 1 unverified · 3 withheld, of 10 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

16 · questions investors ask, short speakable answers

Banks - Private company comparison FAQs

These 26 answers restate the Banks - Private comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Banks - Private sector outperforming NIFTY 500?

Banks - Private has outperformed NIFTY 500 by 19.3% over 52 weeks and 2.2% over 13 weeks. 8 of 10 covered companies beat NIFTY on Mansfield relative strength, while 4 of 10 beat the sector itself.

Which Banks - Private company is largest by income?

HDFC Bank Ltd leads with income of ₹3,51,818 crore, based on 10 of 10 comparable companies through Jun 2026.

Which Banks - Private company is growing fastest?

Dhanlaxmi Bank Ltd has the fastest current income growth at 21.7%, across 10 of 10 comparable companies.

Which Banks - Private company has the strongest 4-Factor Sector Score?

Jammu and Kashmir Bank Ltd ranks first at 61.7/100 with 88% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Banks - Private company has the largest deposit base?

Axis Bank Ltd has the largest reported deposit base at ₹13,71,173 crore. Bank borrowings are operating funding, not industrial leverage.

Which Banks - Private company has the lowest comparable P/BV-to-ROE?

Jammu and Kashmir Bank Ltd has the lowest comparable P/BV ÷ ROE at 0.06, among 10 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Banks - Private comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Banks - Private index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Banks - Private, this page builds its own equal-weight basket of 10 listed Banks - Private companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Banks - Private stocks in India?

Ranked by this page's four-factor score, Jammu and Kashmir Bank Ltd places first among 10 listed Banks - Private companies, followed by Dhanlaxmi Bank Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Banks - Private stocks are listed in India?

This comparison covers 10 listed Banks - Private companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Banks - Private company is the biggest?

HDFC Bank Ltd is the largest, with trailing-twelve-month income of ₹3,51,818 crore, ahead of ICICI Bank Ltd at ₹1,98,380 crore. That covers 10 of 10 companies with comparable reporting through Jun 2026.

Which Banks - Private company makes the most profit?

HDFC Bank Ltd earns the most, at ₹82,512 crore of trailing-twelve-month net profit, from 10 of 10 comparable companies. Yes Bank Ltd has the fastest profit growth at 37.8%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Banks - Private lender has the best asset quality?

Yes Bank Ltd reports the lowest gross NPA ratio at 1.3% — lower is better — across 4 of 10 lenders. Read the direction as well as the level: a rising NPA ratio off a low base can matter more than a high but falling one.

Which Banks - Private company earns the highest return on capital?

ICICI Bank Ltd leads on return on assets at 2.1%, across 9 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Banks - Private stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Jammu and Kashmir Bank Ltd screens cheapest at 0.06×. All 10 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Banks - Private lender has the largest funding base?

Axis Bank Ltd has the largest reported deposit base at ₹13,71,173 crore. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.

Is the Banks - Private sector beating the market?

Banks - Private has outperformed NIFTY 500 by 19.3% over the last 52 weeks and 2.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Banks - Private stock has the strongest price momentum?

Jammu and Kashmir Bank Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Banks - Private company scores highest for research priority?

Jammu and Kashmir Bank Ltd scores 61.7 out of 100 with 88% evidence confidence, from 17.2 points on growth and earnings, 16 on capital efficiency, 14.5 on valuation and 14 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Banks - Private companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Banks - Private sector?

The 10 Banks - Private companies on this page carry ₹31,37,818 crore of combined market value. HDFC Bank Ltd is the largest at ₹11,34,052 crore, about 36% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

What is the Banks - Private sector's P/B ratio?

The median price-to-book ratio across the 10 Banks - Private companies on this page is 1.7×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-28.

How is the Banks - Private sector performing?

8 of the 10 covered Banks - Private companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 19.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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