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PSU Bank Stocks: Top PSU Bank Shares in India (2026)

PSU bank stocks consits of publicly listed public banks companies which are engaged in retail and corporate lending, governed by monetary policy, credit growth, and fiscal announcements.

List of PSU Bank Stocks in India (2026)

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NameStocks (12)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.State Bank of IndiaSBINPublic BanksPublic Banks9,36,907.689,36,907.681,015.001,015.0011.2511.250.240.24-0.88-0.88-3.62-3.6224.4324.431.521.5214.8814.884.974.971.711.710.000.001.601.60
2.Union Bank of India LtdUNIONBANKPublic BanksPublic Banks1,30,152.981,30,152.98170.50170.506.706.701.251.25-2.58-2.58-2.69-2.6917.6117.610.970.9715.7115.718.668.662.932.930.000.002.302.30
3.Bank of Baroda LtdBANKBARODAPublic BanksPublic Banks1,27,448.221,27,448.22246.45246.456.426.421.361.36-10.50-10.50-18.39-18.39-0.17-0.170.760.7612.6012.605.805.803.463.460.000.002.002.00
4.Punjab National BankPNBPublic BanksPublic Banks1,26,859.111,26,859.11110.38110.386.906.900.210.212.682.68-10.22-10.22-0.26-0.260.840.8412.9312.939.179.172.722.720.000.001.921.92
5.Canara Bank LtdCANBKPublic BanksPublic Banks1,13,972.731,13,972.73125.65125.656.386.380.340.34-3.69-3.69-18.79-18.7910.7010.700.970.9715.9315.937.747.743.343.340.000.002.042.04
6.Indian BankINDIANBPublic BanksPublic Banks1,11,272.691,11,272.69826.10826.109.519.51-0.15-0.15-3.04-3.04-5.77-5.7726.6726.671.391.3915.4415.449.979.972.212.210.000.002.322.32
7.Indian Overseas BankIOBPublic BanksPublic Banks65,241.3365,241.3333.8833.8812.0412.040.180.18-2.92-2.92-2.17-2.17-12.99-12.991.761.7615.6515.656.196.19--0.000.001.861.86
8.Bank of India LtdBANKINDIAPublic BanksPublic Banks64,930.1564,930.15142.62142.626.306.300.300.30-1.10-1.10-12.59-12.5924.3524.350.720.7212.0512.055.505.503.263.260.000.002.292.29
9.Bank of Maharashtra LtdMAHABANKPublic BanksPublic Banks62,324.6762,324.6781.0381.038.888.883.253.25-7.66-7.6624.6224.6241.5441.541.881.8822.6622.6610.2110.211.481.480.000.002.492.49
10.UCO BankUCOBANKPublic BanksPublic Banks32,452.3832,452.3825.8825.8811.7211.72-0.46-0.46-3.90-3.90-9.22-9.22-16.25-16.250.980.988.628.626.406.401.701.700.000.001.921.92
11.Central Bank of India LtdCENTRALBKPublic BanksPublic Banks28,086.5028,086.5031.0331.036.216.210.260.26-4.49-4.49-13.93-13.93-17.54-17.540.720.7211.9011.907.927.925.805.800.000.002.002.00
12.Punjab & Sind BankPSBPublic BanksPublic Banks16,866.2116,866.2123.7723.7712.7612.76-1.53-1.53-4.35-4.35-12.71-12.71-23.00-23.001.191.199.629.625.235.231.641.640.000.002.112.11
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Public Banks | Market Cap: Sorted from Highest to Lowest

Overview of Top PSU Bank Stocks in India

State Bank of India

State Bank of India operates as India’s largest public sector bank and serves retail, corporate, and rural customers. The bank offers services such as deposits, loans, digital banking, and treasury operations. SBI manages a wide branch network and plays a key role in financial inclusion and government-linked programs.

Bank of Baroda Ltd

Bank of Baroda Ltd serves customers across retail, MSME, and corporate segments. The bank offers products such as savings accounts, loans, cards, and digital services. Bank of Baroda operates an international presence and manages a wide domestic branch network that supports both urban and rural banking needs.

Punjab National Bank

Punjab National Bank provides services across retail and corporate banking. The bank offers deposits, credit products, digital solutions, and government-linked schemes. PNB manages an extensive nationwide network and serves diverse customer groups through lending programs, branch operations, and digital platforms.

Canara Bank Ltd

Canara Bank Ltd caters to retail, MSME, corporate, and rural customers through deposits, loans, and digital banking services. The bank runs an extensive branch network across India and participates in government-supported credit programs. Canara Bank also focuses on technology adoption in its service delivery.

Indian Bank

Indian Bank offers banking services to individuals, businesses, and rural customers. Its offerings include deposits, loans, digital banking, and trade-related services. Indian Bank operates a wide branch network and supports government financial initiatives, as well as credit programs for small enterprises and agriculture.

What are PSU Bank Stocks?

PSU bank stocks belong to public sector banks where the Government of India holds a majority stake. These banks provide services such as deposits, loans, and credit facilities across retail, corporate, and rural segments. Their performance often reflects economic activity and policy decisions.

How to Invest in PSU Bank Stocks?

Investing in PSU bank stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in PSU bank stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for “PSU Bank”: Go to Tickertape Stock Screener and set the “Sub-sector: PSU Bank” filter
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top PSU bank stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in PSU Bank Stocks in India

Strong Credit Growth

PSU banks’ gross advances grew 15.7% YoY to ₹127 lakh cr in FY 2025-26. Growth was broad-based across retail, agriculture, and MSME loans, which expanded by 18.1%, 15.5%, and 18.2%, respectively.

Improved Asset Quality

PSU banks reported historically low stressed assets, with Gross NPA ratio declining to 1.93% and Net NPA ratio to 0.39% as of 31 March 2026.

Record Profitability

Aggregate net profit of PSU banks rose 11.1% YoY to ₹1.98 lakh cr in FY 2025-26, marking the fourth consecutive year of aggregate profitability.

Healthy Capital Position

PSU banks’ aggregate CRAR improved to 16.6% as of 31 March 2026, remaining above the regulatory requirement of 11.5%. This provides a capital cushion for lending growth.

Large Deposit & Business Base

PSU banks’ total business reached ₹283.3 lakh cr in FY 2025-26, while aggregate deposits rose 10.6% YoY to ₹156.3 lakh cr.

Financial Inclusion Role

PSU banks have a large branch network and strong presence in retail, agriculture, MSME, and government-linked banking services, making them important lenders in India’s formal credit system.

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Risks of Investing in PSU Bank Stocks in India

Interest Rate and Margin Risk

PSU bank earnings can be affected by changes in deposit costs, lending rates, bond yields, and treasury income. Rising yields or slower loan repricing can pressure margins and profitability.

Asset Quality Reversal Risk

While NPAs are low, credit costs can rise during economic slowdowns. RBI’s 2026 stress tests projected that banks’ Gross NPA ratio could rise from 1.8% in March 2026 to 3.8-4.1% by March 2028 under adverse scenarios.

Policy Risk

PSU banks may be influenced by public policy priorities, directed lending, financial inclusion mandates, and government ownership decisions, which can affect capital allocation and profitability.

Sector Concentration Risk

PSU banks have meaningful exposure to infrastructure, MSMEs, agriculture, corporate lending, and government-linked schemes. Stress in these segments can affect loan growth and asset quality.

Competition Risk

Private banks, NBFCs, and digital lenders compete aggressively in retail loans, deposits, payments, and wealth products, potentially affecting PSU banks’ market share and fee income.

Operational and Cyber Risk

As digital banking expands, PSU banks face higher technology, fraud, and cybersecurity risks. RBI’s 2026 Financial Stability Report flagged AI-enabled cyber threats as a key risk for financial institutions.

Factors to Consider Before Investing in PSU Bank Stocks in India

Credit Growth Mix

PSU banks’ gross advances grew 15.7% YoY to ₹127 lakh cr in FY 2025-26. The mix of retail, agriculture, MSME, and corporate lending can be reviewed, as each segment carries distinct growth and asset-quality risks.

Asset Quality

PSU banks’ Gross NPA ratio declined to 1.93% and Net NPA ratio to 0.39% as of 31 March 2026. Investors may review whether low NPAs are supported by recoveries, write-offs, provisioning, and fresh slippages.

Deposit Growth and CASA

PSU banks’ deposits rose 10.6% YoY to ₹156.3 lakh cr in FY 2025-26. The CASA ratio, deposit costs, and ability to mobilise low-cost deposits can influence net interest margins.

Net Interest Margin & Treasury Income

PSU bank earnings can be affected by lending yields, deposit repricing, bond yields, and treasury gains or losses. Interest rate movements may influence profitability.

Conclusion

PSU bank stocks reflect how public sector banks respond to economic conditions, regulatory developments, and credit demand across India. Their performance moves with changes in asset quality, capital strength, and loan growth patterns. Observing these factors helps readers build a clearer view of the PSU banking industry.

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Frequently Asked Questions on PSU Bank Stocks

  1. What is PSU Bank?

    A PSU bank, or Public Sector Undertaking bank, is a bank where the Government of India holds a majority stake of more than 50%. These banks provide retail, corporate, agriculture, MSME, and rural banking services, and play an important role in credit distribution, financial inclusion, and government-linked banking schemes in India.

  2. What are PSU bank stocks?

    PSU bank stocks represent public sector banks where the Government of India holds a majority stake. These banks operate across retail, corporate, and rural banking and play a major role in credit distribution and financial inclusion.

  3. What is the Nifty PSU Bank Index?

    The Nifty PSU Bank Index is a sectoral index that tracks the performance of public sector banks listed on the NSE. It includes PSU bank stocks where the Government of India holds a majority stake. The index is used to monitor the performance of the PSU banking segment and can help investors understand broader trends in PSU bank share prices.

  4. Which PSU bank is best?

    The following is a PSU bank list as per 1-year return:
    1. Indian Bank
    2. Canara Bank Ltd
    3. Bank of India Ltd
    4. Union Bank of India Ltd
    5. Bank of Baroda Ltd

    Disclaimer: This Nifty PSU stocks list is for educational purposes only and is not recommendatory.

  5. What is the current state of Non-Performing Assets (NPAs) in PSU banks?

    NPAs in PSU bank stocks have declined over recent years due to stronger recovery efforts, improved resolution mechanisms, and better underwriting practices. Most large PSU banks report lower gross and net NPA ratios than in earlier cycles, though levels vary across banks.

  6. What impact has the government recapitalisation had on PSU bank stocks?

    Government recapitalisation improved the capital strength of PSU banks and supported lending activity. Higher capital buffers helped banks absorb credit losses and meet regulatory requirements. These measures also influenced investor sentiment and shaped movements in the PSU bank share price during periods of stress.

    Disclaimer: This information is for educational purposes only and is not recommendatory.

  7. How does digital banking adoption affect PSU bank stocks?

    Digital adoption helps PSU banks reduce operational costs, improve service delivery, and attract new customers. Growth in digital transactions and online banking platforms strengthens efficiency metrics that investors track when reviewing PSU bank stocks and the broader sector's performance.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.