PSU banks play a crucial role in India’s financial sector, driving economic growth and stability. With evolving market conditions, these stocks continue to attract investor interest.
In this article, we will explore the PSU Bank Stocks.
Below is the list of PSU Bank Stocks and their performance in Q3:
| Stock Name | Market Cap (In Cr) | Close Price ₹ | Open Price ₹ | PE Ratio |
| Bank of Baroda Ltd | 1,05,697.47 | 208.63 | 208.63 | 5.35 |
| Canara Bank Ltd | 77,100.54 | 86.95 | 86.90 | 4.59 |
| Central Bank of India Ltd | 40,123.30 | 45.99 | 47.62 | 11.13 |
| Indian Bank | 70,197.03 | 528.15 | 528.15 | 6.91 |
| Indian Overseas Bank | 87,423.66 | 46.18 | 47 | 28.03 |
| Punjab National Bank | 1,06,895.87 | 93.99 | 94 | 6.79 |
| Punjab & Sind Bank | 28,575.15 | 43.05 | 44 | 34.64 |
| UCO Bank | 45,635.89 | 38.06 | 38.51 | 19.63 |
| Bank of India Ltd | 44,525.09 | 100.89 | 101.38 | 5.61 |
| Union Bank of India Ltd | 88,473.49 | 117.3 | 117.76 | 5.52 |
| Bank of Maharashtra Ltd | 37,265.58 | 48.9 | 49.3 | 7.17 |
| IDBI Bank Ltd | 76,879.68 | 71.78 | 72.87 | 10.76 |
Explore the top-performing PSU Bank Stocks and uncover unique investment opportunities in this sector!
PSU Bank Stocks
The PSU banking sector remains a key pillar of financial growth, benefiting from improving margins and rising investor confidence. The following banks showcased significant movement in Q3, reflecting evolving market trends and opportunities.
Ready to explore PSU Bank investments? Check out the Best PSU Bank Stocks of Q3 today!
Bank of Baroda Ltd
Bank of Baroda Ltd is a leading public sector bank in India, offering a wide range of financial services, including retail and corporate banking. With a strong domestic and international presence, the bank focuses on digital transformation, customer-centric services, and financial inclusion to drive long-term growth.
Bank of Baroda recorded a Q3 2024 revenue of ₹34,676.47 crore, marking a 10.5% YoY rise from ₹31,415.62 crore. Its operating margin slightly increased to 24.80% from 24.52% in Q3 2023. Meanwhile, EPS saw a 5.5% uptick, reaching ₹9.35 from ₹8.86 last year.
Canara Bank Ltd
Canara Bank Ltd is a major public sector bank known for its diverse banking services, including retail, corporate, and international banking. With a strong digital footprint and nationwide presence, the bank emphasises innovation, financial inclusion, and customer satisfaction, positioning itself as a key player in India’s banking sector.
Canara Bank posted Q3 2024 revenue of ₹30,311.61 crore, reflecting an 8.1% YoY growth from ₹28,038.83 crore. The operating margin improved to 25.85% from 24.27% in Q3 2023. However, EPS dropped significantly by 77.5%, falling to ₹4.52 from ₹20.15 in the previous year.
Central Bank of India Ltd
Central Bank of India Ltd is one of India’s oldest public sector banks, offering a comprehensive range of banking and financial services. Focused on digital banking and financial inclusion, the bank serves a vast customer base through its extensive branch network, supporting economic growth and development.
Central Bank of India reported a Q3 2024 revenue of ₹8,509.44 crore, growing 9% YoY from ₹7,809.21 crore. Its operating margin declined to 23.07% from 24.73% in Q3 2023, while EPS saw a 32.5% jump, increasing to ₹1.10 from ₹0.83 last year.
Indian Bank
Indian Bank is a government-owned financial institution known for its retail and corporate banking solutions. With a strong presence across India, the bank focuses on digital banking, SME financing, and financial inclusion, leveraging technology to enhance operational efficiency and customer experience.
Indian Bank registered ₹17,912.03 crore in Q3 2024 revenue, reflecting an 11.3% YoY growth from ₹16,099.26 crore. The operating margin improved to 30.14% from 28.86% in Q3 2023, and EPS rose 26.5%, reaching ₹21.18 from ₹16.78.
Indian Overseas Bank
Indian Overseas Bank is a public sector bank with a significant presence in retail, corporate, and international banking. Known for its strong foreign exchange operations and trade finance services, the bank is expanding its digital capabilities to enhance customer service and operational efficiency.
Indian Overseas Bank saw Q3 2024 revenue rise to ₹8,409.25 crore, marking a 13.1% YoY increase from ₹7,437.17 crore. Its operating margin improved to 31.86% from 28.83% in Q3 2023, while EPS grew by 21.1%, reaching ₹0.46 from ₹0.38.
Punjab National Bank
Punjab National Bank is a leading public sector bank in India, offering diverse financial products and services. With a strong branch network and digital banking initiatives, PNB plays a crucial role in financial inclusion and supports businesses across various sectors through credit and investment solutions.
Punjab National Bank reported ₹34,751.70 crore in Q3 2024 revenue, reflecting a 15.9% YoY increase from ₹29,961.65 crore. However, the operating margin declined to 21.13% from 23.20% in Q3 2023. EPS surged 94.5%, climbing to ₹3.92 from ₹2.02 last year.
Punjab & Sind Bank
Punjab & Sind Bank is a government-owned bank specialising in retail, corporate, and SME banking. Focused on digital transformation and financial empowerment, Punjab & Sind Bank offers a wide range of services while supporting economic growth through its lending and credit programs.
Punjab & Sind Bank recorded ₹3,269.37 crore in Q3 2024 revenue, up 14.6% YoY from ₹2,852.71 crore. Its operating margin improved significantly to 18.02% from 11.12% in Q3 2023, while EPS saw a remarkable 147.1% jump, rising to ₹0.42 from ₹0.17.
UCO Bank
UCO Bank is a public sector bank with a strong presence in domestic and international banking. It provides retail, corporate, and priority sector lending solutions, with an emphasis on digital banking and financial inclusion to cater to a broad customer base.
UCO Bank achieved ₹7,405.89 crore in Q3 2024 revenue, reflecting a 15.5% YoY increase from ₹6,412.71 crore. The operating margin rose to 25.49% from 20.16% in Q3 2023, while EPS increased 26.2%, reaching ₹0.53 from ₹0.42.
Bank of India Ltd
Bank of India Ltd is a prominent public sector bank offering retail, corporate, and international banking services. With a global presence and a focus on digital innovation, the bank aims to enhance customer experience and drive growth through financial inclusion and technology-driven solutions.
Bank of India posted Q3 2024 revenue of ₹19,956.90 crore, showing a 21.9% YoY growth from ₹16,411.10 crore. The operating margin improved slightly to 20.33% from 19.74% in Q3 2023, and EPS rose by 24.6% to ₹5.53 from ₹4.44.
Union Bank of India Ltd
Union Bank of India Ltd is a leading government-owned bank known for its extensive branch network and digital banking services. Union Bank of India Ltd provides a comprehensive range of financial solutions, supporting businesses, individuals, and rural development through strategic banking initiatives.
Union Bank of India registered Q3 2024 revenue of ₹31,374.50 crore, reflecting a 7.7% YoY growth from ₹29,137.26 crore. The operating margin dropped to 27.79% from 28.69% in Q3 2023, but EPS increased 24.6%, reaching ₹6.03 from ₹4.84.
Bank of Maharashtra Ltd
Bank of Maharashtra Ltd is a public sector bank focused on retail and corporate banking. With a strong regional presence and emphasis on digital services, the bank aims to enhance customer experience while supporting economic growth through various financial products and lending programs.
Bank of Maharashtra saw its Q3 2024 revenue reach ₹7,112.43 crore, marking a 21.5% YoY increase from ₹5,851.34 crore. Despite a decline in operating margin to 36.41% from 38.91% in Q3 2023, EPS grew 25.3%, rising to ₹1.83 from ₹1.46.
IDBI Bank Ltd
IDBI Bank Ltd operates as a financial institution offering banking and financial services across retail, corporate, and investment banking. With a focus on digital banking and financial inclusion, IDBI Bank continues to expand its reach and enhance service offerings to cater to diverse customer needs.
IDBI Bank reported Q3 2024 revenue of ₹8,564.92 crore, reflecting a 13.98% YoY growth from ₹7,514.27 crore. Its operating margin saw a slight improvement to 35.85% from 35.57% in Q3 2023, while EPS climbed 30.1% to ₹1.77 from ₹1.36.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time.
