PSU Bank Stocks and Companies in India

The largest PSU Bank stocks in India by market value are SBI (₹9.4 lakh crore), PNB (₹1.46 lakh crore) and Union Bank (₹1.43 lakh crore), at prices of 6 Nov 2026.

• SBI: ₹1,018.50 | market value ₹9.4 lakh crore | P/BV 1.5
• PNB: ₹126.55 | market value ₹1.46 lakh crore | P/BV 0.9
• Union Bank: ₹187 | market value ₹1.43 lakh crore | P/BV 1.0
• Bank of Baroda: ₹250.31 | market value ₹1.29 lakh crore | P/BV 0.7
• Indian Bank: ₹902 | market value ₹1.22 lakh crore | P/BV 1.4
• Canara Bank: ₹122.93 | market value ₹1.12 lakh crore | P/BV 0.9
• IDBI Bank: ₹79.50 | market value ₹85,481 crore | P/BV 1.2
• Bank of Maharashtra: ₹86.91 | market value ₹66,805 crore | P/BV 1.8
• Bank of India: ₹138.57 | market value ₹63,087 crore | P/BV 0.7
• IOB: ₹30.56 | market value ₹58,848 crore | P/BV 1.5

The other 3 PSU Bank companies are in the full list below.

Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 13 listed Indian Banks - PSU companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Banks - PSU index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. State Bank of India₹8.9 lakh cr
2. Punjab National Bank₹1.5 lakh cr
3. Union Bank of India₹1.4 lakh cr
4. Bank of Baroda₹1.2 lakh cr
5. Indian Bank₹1.2 lakh cr
6. Canara Bank₹1.1 lakh cr
7. IDBI Bank Ltd₹86,400 cr
8. Bank of Maharashtra₹65,400 cr
9. Bank of India₹60,500 cr
10. Indian Overseas Bank₹59,200 cr
11. UCO Bank₹27,700 cr
12. Central Bank of India₹26,000 cr
13. Punjab & Sind Bank₹14,100 cr

13 PSU Bank companies in the Banks - PSU industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 13 are listed below, largest first. The largest is State Bank of India (₹8.88 lakh crore) and the smallest with a market value is Punjab & Sind Bank.

Download all 13 PSU Bank companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 1% behind NIFTY 500. Earnings across its companies grew 15% on average over the last four reported quarters.

4 of 13 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 2 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 3 weeks running; 3 of the 13 companies in the industry index above their 200-day average (2 more than four weeks earlier); 4 of those 13 pass the momentum test (3 more than four weeks earlier); earnings rising at 12 of the 13 that report earnings.

Ahead of NIFTY 500 for 3 weeks after being behind, with 1 → 4 of 13 participating. Earnings confirming, 12 of 13 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 13 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Banks - PSU has done worse than the NIFTY 500 by 2.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.7%. Bank of Maharashtra is the strongest against the sector itself at +18.3%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 12.1 as of 30 October 2026 (narrowing, rising).

Banks - PSU has done worse than the NIFTY 500 by 2.8% over 52 weeks, but is 3.7% ahead over the last 13 weeks. 4 of 13 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 4 of the 8 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Bank of Maharashtra has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Canara Bank scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Bank of Maharashtra has the strongest one-year price move in Banks - PSU at +37.8%. It also leads on relative strength against the NIFTY, at +15.8%. 4 of 13 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Banks - PSU itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

That is close to the ideal shape: the shares went up because the banks earned more, not because anyone paid more per rupee of book. The longer view matters here, this same group of thirteen banks LOST ₹57,293 crore in 2018 and ₹46,250 crore in 2019, so what looks like a boom is really the back half of a decade-long recovery from a bad-loan crisis. In the week of 17 August 2026, 38.5% of 13 Banks - PSU companies were beating the Nifty 500, against 75% on 6 April 2026.

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover Banks - PSU, so this is the latest we have.

10 of 13 Banks - PSU companies held a results call for July to September 2026. Bank of Baroda guided: Global credit growth 13% to 15% and deposits 11% to 13% in FY27, both raised.

2 more Banks - PSU calls held for July to September 2026 are not shown here, to keep the page fast.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 0.5 points over the last two quarters. Founders and promoters cut theirs by 0.6 points.

• Spending on plants is not a useful measure for a lender, so it is left out.

Big funds = foreign and Indian institutions, change in their share of ownership across 13 Banks - PSU companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Banks - PSU figures above: what is actually happening in the industry, 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, 77 days old. The numbers above it are newer than the words here.

What would change this read

The deposit-cost tailwind stops before the loan book catches up: the October-November quarter calls show cost of deposits flat or rising rather than falling, Punjab National Bank's promised every-quarter margin improvement fails on its first test, and the sector's quarterly net margin drops back…

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

State Bank of India has the highest Income among the 13 Banks - PSU companies compared here, at ₹5,25,746 crore. Bank of Baroda is next at ₹1,40,250 crore. Bank of Maharashtra has the highest Income growth at 16.5%, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: State Bank of India is the largest at ₹5,25,746 crore, 274.9% ahead of Bank of Baroda. Bank of Maharashtra's growth is 16.5% from a ₹31,740 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: State Bank of India is the size to compare against; Bank of Maharashtra is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: State Bank of India's growth falls below Bank of Maharashtra'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.

Income · company comparison

Income · largest

Income growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

State Bank of India has the highest Net profit among the 13 Banks - PSU companies compared here, at ₹89,666 crore. Punjab National Bank is next at ₹22,932 crore. Indian Overseas Bank has the highest Profit growth at 51.3%, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: State Bank of India earns the most, ₹89,666 crore of profit over the last 12 months, 291% above Punjab National Bank. Indian Overseas Bank shows 51.3% growth from a profit base of ₹6,662 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: State Bank of India sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Punjab National Bank has the highest Deposits among the 13 Banks - PSU companies compared here, at ₹17,92,780 crore. Bank of Baroda is next at ₹17,75,096 crore. State Bank of India has the highest Borrowings at ₹7,77,302 crore, so level and change sit with different companies. 12 of 13 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Punjab National Bank leads deposits at ₹17,92,780 crore; State Bank of India leads borrowings at ₹7,77,302 crore.

What this means: Punjab National Bank sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Funding base · company comparison

Deposits · largest deposit bases

Borrowings · largest borrowings

All-company data · latest reported quarter

Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.

IDBI Bank Ltd has the highest ROA among the 13 Banks - PSU companies compared here, at 1.9%. Indian Overseas Bank has the highest ROA change at +0.3 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: IDBI Bank Ltd leads roa at 1.9%; Indian Overseas Bank leads roa change at +0.3 percentage points.

What this means: IDBI Bank Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on assets · company comparison

Withheld from this chart: State Bank of India (SBIN): its two data sources disagree by up to 40% 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.

ROA · highest

ROA change · fastest improvers

All-company data · latest reported quarter

Bank of Maharashtra has the highest ROE among the 13 Banks - PSU companies compared here, at 22.6%. Canara Bank is next at 16.1%. Indian Overseas Bank has the highest ROE change at +3.8 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Bank of Maharashtra leads roe at 22.6%; Indian Overseas Bank leads roe change at +3.8 percentage points.

What this means: Bank of Maharashtra sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on equity · company comparison

Withheld from this chart: State Bank of India (SBIN): its two data sources disagree by up to 40% 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.

ROE · highest

ROE change · fastest improvers

All-company data · latest reported quarter

Bank of Maharashtra has the lowest Gross NPA among the 13 Banks - PSU companies compared here, at 1.3%. Bank of India has the lowest GNPA change at −1.4 percentage points, so level and change sit with different companies. 6 of 13 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Bank of Maharashtra leads gross npa at 1.3%; Bank of India leads gnpa change at −1.4 percentage points.

What this means: Bank of Maharashtra sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Asset quality · company comparison

Gross NPA · lowest

GNPA change · fastest improvers

All-company data · latest reported quarter

Bank of India has the lowest P/BV ÷ ROE among the 13 Banks - PSU companies compared here, at 0.05×. Central Bank of India has the lowest P/BV at 0.62×, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Bank of India has the lowest comparable P/BV ÷ ROE at 0.05×, 0% below Canara Bank. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison