Total Operating Income rose 6.18% to Rs 9069.98 crore in Q3 FY26 compared to Rs 8541.83 crore in Q3 FY25. Total business stood at Rs 7,74,309 crore as of December 31, 2025, posting a 15.80% rise year-on-year. The bank demonstrates improving profitability metrics but faces competitive pressures typical of India's public sector banking landscape.
Cyborg Score Rationale
Profit before tax jumped 12.91% YoY to Rs 1588.21 crore and operating profit climbed 16.77% to Rs 2292.50 in Q3 FY26. Main risks include worsening asset quality, higher provisions, and margin pressure, with low interest coverage raising sensitivity to credit and operating shocks.
Top Insights
Q3 FY26 showed strong profit growth with PBT jumping 12.91% YoY and operating profit climbing 16.77%
Total business grew 15.80% YoY to Rs 7,74,309 crore as of December 31, 2025
Bank trades at attractive valuation with trailing PE of 7.31 and low PB of 0.89
Key risks include asset quality deterioration and margin compression amid interest coverage sensitivity
Named Competitors
State Bank of India — Largest PSU bank in India
Punjab National Bank — Major public sector competitor