India • Banking

India — Bank Performance Monitor

Last update: 01 Nov 2026

In the year to June 2026 (Q1 FY27), deposits at India's ten largest listed banks grew 11.4% and their advances 16.6%. Loans grew faster than deposits at 9 of the 10 banks that reported both.

Kotak had both the widest net interest margin, 4.5%, and the lowest net NPA ratio, 0.3%. SBI supplied the largest share of the ten banks' new lending over the year, 33%.

Five private and five public sector banks, the largest listed lenders, compared quarter by quarter from their own results. Banks report every quarter, not every month; the month-end figures here are share prices and price-to-book. Banking-system liquidity, the money stock and the policy corridor are on the liquidity and money topic.

  • Latest quarter with resultsQ1 FY27 (Jun 2026)10 of 10 banks reported
  • Month-end share pricesSep 2026BSE closing prices
  • Next expectedQ2 FY27, by 14 Nov 2026Quarterly results and investor presentations (SEBI deadline) (tentative)
  • Database loaded1 Nov 2026Exalytics

Deposits, ten banks combined, growth over the year

Calculated
+11.4% ₹196.10 lakh cr at quarter endPrivate +14.4%, public sector +9.6% Q1 FY27 · banks' results

Advances, ten banks combined, growth over the year

Calculated
+16.6% ₹168.64 lakh cr at quarter endPrivate +16.0%, public sector +17.1% Q1 FY27 · banks' results

Median net interest margin

Reported
3.17% Best Kotak 4.53%, weakest PNB 2.50%10 of 10 banks reported Q1 FY27 · banks' results

Median gross NPA ratio

Reported
1.52% Best HDFC Bank 1.17%, weakest IndusInd 3.25%10 of 10 banks reported Q1 FY27 · banks' results

Median CASA ratio

Reported
37.21% Best Kotak 40.30%, weakest IndusInd 29.43%10 of 10 banks reported Q1 FY27 · banks' results

Banks where loans outgrew deposits

Calculated
9 of 10 Growth over the year6 by more than 3 percentage points Q1 FY27 · banks' results

Featured

CASA ratio by bank

Q1 FY27 in each of the last 5 years, stacked in one bar per bank from light green (oldest) to dark green (newest). Each segment is labelled with that period's actual value. Current and savings account deposits as a share of all deposits. They pay little or no interest, so a higher share means cheaper funding.

Per cent. Each segment is one period's value; the column on the right is Q1 FY27.

  • Q1 FY23
  • Q1 FY24
  • Q1 FY25
  • Q1 FY26
  • Q1 FY27
  1. KotakPrivate · as reported58.10%49.00%43.40%40.90%40.30% 40.30%
  2. SBIPublic sector · as reported45.33%42.88%40.70%39.36%39.24% 39.24%
  3. ICICI BankPrivate · average for the quarter45.80%42.60%39.60%38.70%38.10% 38.10%
  4. Axis BankPrivate · calculated from CASA and total depositsn/an/an/a40.30%38.00% 38.00%
  5. Bank of BarodaPublic sector · as reported44.18%40.33%40.62%39.33%37.72% 37.72%
  6. PNBPublic sector · as reported46.34%44.00%40.08%36.99%36.70% 36.70%
  7. Union BankPublic sector · as reported36.20%34.60%33.40%32.52%35.10% 35.10%
  8. HDFC BankPrivate · at period end45.80%42.50%36.30%33.90%32.30% 32.30%
  9. Canara BankPublic sector · calculated from domestic CASA and domestic deposits34.30%33.00%30.98%29.56%29.70% 29.70%
  10. IndusIndPrivate · at period end43.00%40.00%37.00%31.48%29.43% 29.43%

1 · Growth and funding

Loan growth and deposit funding

Growth

Loans and deposits, with growth over the year

Bars: advances and deposits at each quarter end (left axis). Lines: their growth over the year (right axis). When the loan line runs above the deposit line, lending is growing faster than the deposits that fund it.

For example: If loans grow 16% over a year and deposits 11%, lending is outpacing deposits, so the bank must attract deposits faster, borrow elsewhere or slow its lending.

  • Advances (bars, left)
  • Deposits (bars, left)
  • Loan growth over the year (line, right)
  • Deposit growth over the year (line, right)
₹ at quarter end Growth, per cent over the year
Q1 FY23 (Jun 2022) Advances: ₹94.87 lakh cr Deposits: ₹124.04 lakh cr Loan growth over the year: +16.7% Deposit growth over the year: +10.6%Q1 FY24 (Jun 2023) Advances: ₹110.11 lakh cr Deposits: ₹141.76 lakh cr Loan growth over the year: +16.1% Deposit growth over the year: +14.3%Q1 FY25 (Jun 2024) Advances: ₹131.65 lakh cr Deposits: ₹158.78 lakh cr Loan growth over the year: +19.4% Deposit growth over the year: +12.1%Q1 FY26 (Jun 2025) Advances: ₹144.60 lakh cr Deposits: ₹176.29 lakh cr Loan growth over the year: +9.8% Deposit growth over the year: +11.1%Q1 FY27 (Jun 2026) Advances: ₹168.64 lakh cr Deposits: ₹196.10 lakh cr Loan growth over the year: +16.6% Deposit growth over the year: +11.4%

HDFC Bank merged with HDFC Ltd on 1 July 2023. Its loans and deposits, and the totals that include it, jump in Q2 FY24, and growth measured across that date counts HDFC Ltd's book as growth.

Source: Exalytics calculation from the banks' reports Q1 FY23 – Q1 FY27Same quarter each year₹ crore and per centLoaded 1 Nov 2026

Share of new business

Share of new loans by bank, year by year

Each bar is one year's combined addition by the ten banks, split by bank. A share of these ten banks, not of the banking system. When some banks' books shrank, the others' shares add up to more than 100% of the smaller net addition; the table lists every bank's share, negatives included.

For example: If the ten banks together add ₹5 lakh crore of loans in a year and one bank adds ₹1 lakh crore of it, that bank's share is 20%.

Per cent of the ten banks' combined new loans over each year

  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • Kotak
  • IndusInd
  • SBI
  • PNB
  • Bank of Baroda
  • Canara Bank
  • Union Bank
  1. Q1 FY23+₹13.59 lakh cr addedHDFC 18%ICICI 12%SBI 28%BoB 9% 100%
  2. Q1 FY24+₹15.27 lakh cr addedHDFC 14%ICICI 11%Axis 10%SBI 27%BoB 10% 100%
  3. Q1 FY25+₹21.40 lakh cr added · HDFC Bank's share includes HDFC Ltd's book (July 2023 merger)HDFC 40%SBI 24% 100%
  4. Q1 FY26+₹12.95 lakh cr addedHDFC 13%ICICI 11%SBI 35%BoB 10%Canara 9% 100%
  5. Q1 FY27+₹24.04 lakh cr addedHDFC 17%ICICI 11%SBI 33% 100%

Source: Exalytics calculation from the banks' reports Q1 FY23 – Q1 FY27Over each yearPer cent of the combined additionLoaded 1 Nov 2026

Funding mix

CASA ratio

Current and savings account (CASA) deposits as a share of total deposits. These accounts pay little or no interest, so they are a bank's cheapest funding; a falling line means funding is getting more expensive. The banks chosen in the filters, each on the basis it reports.

For example: A bank with ₹100 of deposits, ₹40 of which sits in current and savings accounts, has a CASA ratio of 40%.

Per cent of deposits

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 45.33% HDFC Bank: 45.80% ICICI Bank: 45.80% Canara Bank: 34.30% Union Bank: 36.20%Q1 FY24 (Jun 2023) SBI: 42.88% HDFC Bank: 42.50% ICICI Bank: 42.60% Canara Bank: 33.00% Union Bank: 34.60%Q1 FY25 (Jun 2024) SBI: 40.70% HDFC Bank: 36.30% ICICI Bank: 39.60% Canara Bank: 30.98% Union Bank: 33.40%Q1 FY26 (Jun 2025) SBI: 39.36% HDFC Bank: 33.90% ICICI Bank: 38.70% Canara Bank: 29.56% Union Bank: 32.52%Q1 FY27 (Jun 2026) SBI: 39.24% HDFC Bank: 32.30% ICICI Bank: 38.10% Canara Bank: 29.70% Union Bank: 35.10%

Lending room

Credit-deposit ratio

Advances as a share of deposits. The 90% line is an Exalytics watch line, not a regulatory limit; a bank above it must raise deposits or borrow to keep lending.

For example: A bank that has lent ₹80 for every ₹100 of deposits has a credit-deposit ratio of 80%.

Advances as a per cent of deposits

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 69.59% HDFC Bank: 86.93% ICICI Bank: 85.27% Canara Bank: 70.09% Union Bank: 73.39%Q1 FY24 (Jun 2023) SBI: 71.39% HDFC Bank: 84.45% ICICI Bank: 85.38% Canara Bank: 74.44% Union Bank: 72.55%Q1 FY25 (Jun 2024) SBI: 76.49% HDFC Bank: 104.53% ICICI Bank: 85.77% Canara Bank: 73.04% Union Bank: 74.52%Q1 FY26 (Jun 2025) SBI: 76.67% HDFC Bank: 95.99% ICICI Bank: 84.81% Canara Bank: 74.70% Union Bank: 78.59%Q1 FY27 (Jun 2026) SBI: 83.12% HDFC Bank: 96.53% ICICI Bank: 88.97% Canara Bank: 80.25% Union Bank: 85.43%90% watch line

2 · Margins and earnings

Net interest margin and profitability

Margins

Net interest margin

Interest earned on loans and investments minus interest paid on deposits and borrowings, as a share of interest-earning assets. The banks chosen in the filters, on the basis each reports; some quote a domestic margin, which runs higher than a global one. A gap is a quarter the bank did not publish.

For example: A bank that earns 9% on its loans and pays about 5.5% on its funding has a net interest margin of roughly 3.5%.

Per cent of interest-earning assets

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 3.02% HDFC Bank: 4.20% ICICI Bank: 4.01% Canara Bank: 2.78% Union Bank: 3.00%Q1 FY24 (Jun 2023) SBI: 3.33% HDFC Bank: 4.30% ICICI Bank: 4.78% Canara Bank: 3.05% Union Bank: 3.13%Q1 FY25 (Jun 2024) SBI: 3.22% HDFC Bank: 3.66% ICICI Bank: 4.36% Canara Bank: 2.90% Union Bank: 3.05%Q1 FY26 (Jun 2025) SBI: 2.90% HDFC Bank: not published ICICI Bank: 4.34% Canara Bank: 2.55% Union Bank: 2.76%Q1 FY27 (Jun 2026) SBI: 2.86% HDFC Bank: 3.40% ICICI Bank: 4.36% Canara Bank: 2.52% Union Bank: 2.80%

Earnings

Net profit for the quarter

Standalone profit after tax in Q1 FY27 of each year, for the banks chosen in the filters: the same quarter each year, so no seasonal mismatch.

For example: Profit after tax is what is left of a quarter's income after interest paid, operating costs, provisions for bad loans and tax.

₹ crore, standalone, for the quarter

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: ₹6,068 cr HDFC Bank: ₹9,196 cr ICICI Bank: ₹6,905 cr Canara Bank: ₹2,022 cr Union Bank: ₹1,558 crQ1 FY24 (Jun 2023) SBI: ₹16,884 cr HDFC Bank: ₹11,952 cr ICICI Bank: ₹9,648 cr Canara Bank: ₹3,535 cr Union Bank: ₹3,236 crQ1 FY25 (Jun 2024) SBI: ₹17,035 cr HDFC Bank: ₹16,170 cr ICICI Bank: ₹11,059 cr Canara Bank: ₹3,905 cr Union Bank: ₹3,679 crQ1 FY26 (Jun 2025) SBI: ₹19,160 cr HDFC Bank: ₹18,160 cr ICICI Bank: ₹12,768 cr Canara Bank: ₹4,752 cr Union Bank: ₹4,116 crQ1 FY27 (Jun 2026) SBI: ₹21,121 cr HDFC Bank: ₹19,060 cr ICICI Bank: ₹14,805 cr Canara Bank: ₹4,856 cr Union Bank: ₹5,332 cr

3 · Asset quality and capital

Asset quality and capital adequacy

Asset quality

SBI: gross NPAs, net NPAs and provision coverage

Each bar is the gross NPA ratio, bad loans (usually more than 90 days overdue) as a share of all loans, split into net NPAs, the part not yet covered by provisions, and the part already provided for. The line is the provision coverage ratio. Read the gross ratio for credit stress, the net ratio for what is still exposed, and coverage for how much of the expected loss is already absorbed. When gross NPAs rise while net NPAs fall, provisions are growing faster than bad loans: the net figure improves, but underlying stress is rising and the provisions reduce profit.

For example: A bank with ₹100 of loans, ₹3 of them bad, and ₹2.40 set aside against them has a gross NPA ratio of 3%, net NPAs of about 0.6% and provision coverage of 80%.

  • Net NPAs: not yet covered by provisions (bars, left)
  • Already provided for (gross minus net) (bars, left)
  • Provision coverage ratio (line, right)
Gross NPAs, per cent of advances Provision coverage, per cent
Q1 FY23 (Jun 2022) Net NPAs: not yet covered by provisions: 1.00% Already provided for (gross minus net): 2.91% Provision coverage ratio: 75.1%Q1 FY24 (Jun 2023) Net NPAs: not yet covered by provisions: 0.71% Already provided for (gross minus net): 2.05% Provision coverage ratio: 74.8%Q1 FY25 (Jun 2024) Net NPAs: not yet covered by provisions: 0.57% Already provided for (gross minus net): 1.64% Provision coverage ratio: 74.4%Q1 FY26 (Jun 2025) Net NPAs: not yet covered by provisions: 0.47% Already provided for (gross minus net): 1.36% Provision coverage ratio: 74.5%Q1 FY27 (Jun 2026) Net NPAs: not yet covered by provisions: 0.38% Already provided for (gross minus net): 1.09% Provision coverage ratio: 74.2%

SBI's gross NPA ratio fell from 3.91% to 1.47% between Q1 FY23 (Jun 2022) and Q1 FY27 (Jun 2026), while its net NPA ratio fell from 1.00% to 0.38%. Both measures improved: fewer loans are non-performing, and less of what remains is unprovided. Provision coverage fell from 75.1% to 74.2%.

Capital

SBI: capital adequacy and CET1

Total capital as a share of risk-weighted assets, split into common equity (CET1) and other capital where the bank reports both. Riskier loans carry higher weights, so they need more capital. Systemically important banks (SBI, HDFC Bank, ICICI Bank) must hold more than the line.

For example: A bank holding ₹16 of capital against ₹100 of risk-weighted assets has a capital adequacy ratio of 16%.

Per cent of risk-weighted assets

  • Capital adequacy, split not published
Q1 FY23 (Jun 2022) CET1: not published Other capital (AT1 and tier 2): not published Capital adequacy, split not published: 13.43%Q1 FY24 (Jun 2023) CET1: not published Other capital (AT1 and tier 2): not published Capital adequacy, split not published: 14.56%Q1 FY25 (Jun 2024) CET1: not published Other capital (AT1 and tier 2): not published Capital adequacy, split not published: 13.86%Q1 FY26 (Jun 2025) CET1: not published Other capital (AT1 and tier 2): not published Capital adequacy, split not published: 14.63%Q1 FY27 (Jun 2026) CET1: not published Other capital (AT1 and tier 2): not published Capital adequacy, split not published: 15.67%11.5% minimum with buffer

4 · Valuation

Market valuation: price-to-book

Month-end

Month-end price-to-book ratio over five years

BSE month-end share price divided by the latest standalone book value per share the bank had published at least two months after its quarter. Book value is the bank's net worth per share. Only banks that publish book value per share are shown.

For example: A share price of ₹1,600 and book value of ₹500 per share give a price-to-book of 3.2: investors pay ₹3.20 for each rupee of the bank's net worth.

Times book value per share

  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • Canara Bank
  • Union Bank
October 2021 HDFC Bank: not published ICICI Bank: 3.65× Axis Bank: 2.19× Canara Bank: 0.84× Union Bank: 0.67×November 2021 HDFC Bank: not published ICICI Bank: 3.16× Axis Bank: 1.88× Canara Bank: 0.78× Union Bank: 0.62×December 2021 HDFC Bank: not published ICICI Bank: 3.27× Axis Bank: 1.94× Canara Bank: 0.79× Union Bank: 0.63×January 2022 HDFC Bank: not published ICICI Bank: 3.49× Axis Bank: 2.22× Canara Bank: 1.00× Union Bank: 0.69×February 2022 HDFC Bank: not published ICICI Bank: 3.16× Axis Bank: 2.06× Canara Bank: 0.83× Union Bank: 0.52×March 2022 HDFC Bank: not published ICICI Bank: 3.11× Axis Bank: 2.11× Canara Bank: 0.86× Union Bank: 0.50×April 2022 HDFC Bank: not published ICICI Bank: 3.17× Axis Bank: 2.02× Canara Bank: 0.87× Union Bank: 0.49×May 2022 HDFC Bank: not published ICICI Bank: 3.06× Axis Bank: 1.83× Canara Bank: 0.76× Union Bank: 0.50×June 2022 HDFC Bank: not published ICICI Bank: 2.88× Axis Bank: 1.70× Canara Bank: 0.68× Union Bank: 0.45×July 2022 HDFC Bank: not published ICICI Bank: 3.34× Axis Bank: 1.93× Canara Bank: 0.83× Union Bank: 0.50×August 2022 HDFC Bank: not published ICICI Bank: 3.47× Axis Bank: 1.93× Canara Bank: 0.86× Union Bank: 0.53×September 2022 HDFC Bank: not published ICICI Bank: 3.37× Axis Bank: 1.89× Canara Bank: 0.82× Union Bank: 0.56×October 2022 HDFC Bank: not published ICICI Bank: 3.55× Axis Bank: 2.33× Canara Bank: 1.04× Union Bank: 0.68×November 2022 HDFC Bank: not published ICICI Bank: 3.64× Axis Bank: 2.23× Canara Bank: 1.02× Union Bank: 0.97×December 2022 HDFC Bank: not published ICICI Bank: 3.40× Axis Bank: 2.31× Canara Bank: 1.09× Union Bank: 0.96×January 2023 HDFC Bank: not published ICICI Bank: 3.18× Axis Bank: 2.15× Canara Bank: 0.99× Union Bank: 0.93×February 2023 HDFC Bank: not published ICICI Bank: 3.12× Axis Bank: 1.99× Canara Bank: 0.86× Union Bank: 0.80×March 2023 HDFC Bank: not published ICICI Bank: 3.20× Axis Bank: 2.02× Canara Bank: 0.88× Union Bank: 0.79×April 2023 HDFC Bank: not published ICICI Bank: 3.35× Axis Bank: 2.02× Canara Bank: 0.98× Union Bank: 0.90×May 2023 HDFC Bank: not published ICICI Bank: 3.30× Axis Bank: 2.15× Canara Bank: 0.93× Union Bank: not publishedJune 2023 HDFC Bank: not published ICICI Bank: 3.25× Axis Bank: 2.32× Canara Bank: 0.91× Union Bank: not publishedJuly 2023 HDFC Bank: not published ICICI Bank: 3.47× Axis Bank: 2.24× Canara Bank: 1.04× Union Bank: not publishedAugust 2023 HDFC Bank: not published ICICI Bank: 3.18× Axis Bank: 2.29× Canara Bank: 0.91× Union Bank: not publishedSeptember 2023 HDFC Bank: not published ICICI Bank: 3.16× Axis Bank: 2.44× Canara Bank: 1.07× Union Bank: not publishedOctober 2023 HDFC Bank: not published ICICI Bank: 3.04× Axis Bank: 2.31× Canara Bank: 1.09× Union Bank: not publishedNovember 2023 HDFC Bank: 2.92× ICICI Bank: 3.03× Axis Bank: 2.42× Canara Bank: 1.08× Union Bank: not publishedDecember 2023 HDFC Bank: 3.20× ICICI Bank: 3.23× Axis Bank: 2.48× Canara Bank: 1.18× Union Bank: not publishedJanuary 2024 HDFC Bank: 2.74× ICICI Bank: 3.33× Axis Bank: 2.40× Canara Bank: 1.30× Union Bank: not publishedFebruary 2024 HDFC Bank: 2.52× ICICI Bank: 3.26× Axis Bank: 2.32× Canara Bank: 1.45× Union Bank: not publishedMarch 2024 HDFC Bank: 2.60× ICICI Bank: 3.39× Axis Bank: 2.26× Canara Bank: 1.49× Union Bank: not publishedApril 2024 HDFC Bank: 2.73× ICICI Bank: 3.56× Axis Bank: 2.51× Canara Bank: 1.59× Union Bank: not publishedMay 2024 HDFC Bank: 2.75× ICICI Bank: 3.30× Axis Bank: 2.39× Canara Bank: 1.49× Union Bank: not publishedJune 2024 HDFC Bank: 3.03× ICICI Bank: 3.53× Axis Bank: 2.60× Canara Bank: 1.51× Union Bank: not publishedJuly 2024 HDFC Bank: 2.91× ICICI Bank: 3.58× Axis Bank: 2.39× Canara Bank: 1.45× Union Bank: not publishedAugust 2024 HDFC Bank: not published ICICI Bank: 3.41× Axis Bank: 2.30× Canara Bank: 1.29× Union Bank: not publishedSeptember 2024 HDFC Bank: not published ICICI Bank: 3.53× Axis Bank: 2.41× Canara Bank: 1.29× Union Bank: not publishedOctober 2024 HDFC Bank: not published ICICI Bank: 3.58× Axis Bank: 2.27× Canara Bank: 1.19× Union Bank: not publishedNovember 2024 HDFC Bank: not published ICICI Bank: 3.53× Axis Bank: 2.14× Canara Bank: 1.12× Union Bank: 0.94×December 2024 HDFC Bank: not published ICICI Bank: 3.48× Axis Bank: 2.00× Canara Bank: 1.10× Union Bank: 0.93×January 2025 HDFC Bank: not published ICICI Bank: 3.40× Axis Bank: 1.85× Canara Bank: 1.02× Union Bank: 0.89×February 2025 HDFC Bank: not published ICICI Bank: 3.13× Axis Bank: 1.84× Canara Bank: 0.85× Union Bank: 0.83×March 2025 HDFC Bank: not published ICICI Bank: 3.50× Axis Bank: 1.99× Canara Bank: 0.93× Union Bank: 0.93×April 2025 HDFC Bank: not published ICICI Bank: 3.70× Axis Bank: 2.14× Canara Bank: 1.02× Union Bank: 0.92×May 2025 HDFC Bank: not published ICICI Bank: 3.53× Axis Bank: 2.07× Canara Bank: 1.18× Union Bank: 1.07×June 2025 HDFC Bank: not published ICICI Bank: 3.53× Axis Bank: 2.08× Canara Bank: 1.17× Union Bank: 1.12×July 2025 HDFC Bank: not published ICICI Bank: 3.61× Axis Bank: 1.85× Canara Bank: 1.10× Union Bank: 0.96×August 2025 HDFC Bank: not published ICICI Bank: 3.26× Axis Bank: 1.75× Canara Bank: 1.01× Union Bank: 0.88×September 2025 HDFC Bank: not published ICICI Bank: 3.14× Axis Bank: 1.90× Canara Bank: 1.21× Union Bank: 0.97×October 2025 HDFC Bank: not published ICICI Bank: 3.13× Axis Bank: 2.07× Canara Bank: 1.34× Union Bank: 1.04×November 2025 HDFC Bank: not published ICICI Bank: 3.19× Axis Bank: 2.09× Canara Bank: 1.42× Union Bank: 1.04×December 2025 HDFC Bank: not published ICICI Bank: 3.08× Axis Bank: 2.07× Canara Bank: 1.45× Union Bank: 1.04×January 2026 HDFC Bank: not published ICICI Bank: 3.11× Axis Bank: 2.24× Canara Bank: 1.38× Union Bank: 1.22×February 2026 HDFC Bank: not published ICICI Bank: 3.05× Axis Bank: 2.18× Canara Bank: 1.41× Union Bank: 1.32×March 2026 HDFC Bank: not published ICICI Bank: 2.67× Axis Bank: 1.83× Canara Bank: 1.10× Union Bank: 1.07×April 2026 HDFC Bank: not published ICICI Bank: 2.79× Axis Bank: 2.00× Canara Bank: 1.20× Union Bank: 1.08×May 2026 HDFC Bank: not published ICICI Bank: 2.67× Axis Bank: 1.96× Canara Bank: 1.15× Union Bank: 1.09×June 2026 HDFC Bank: not published ICICI Bank: 2.92× Axis Bank: 2.05× Canara Bank: 1.10× Union Bank: 1.12×July 2026 HDFC Bank: not published ICICI Bank: 3.05× Axis Bank: 1.87× Canara Bank: 1.10× Union Bank: 1.11×August 2026 HDFC Bank: not published ICICI Bank: 2.94× Axis Bank: 1.88× Canara Bank: 1.05× Union Bank: 1.14×September 2026 HDFC Bank: not published ICICI Bank: 2.68× Axis Bank: 1.80× Canara Bank: 0.99× Union Bank: 1.05×Book value

5 · Quarterly scorecard

Bank rankings, Q1 FY27

Ranks and watch lines

Bank scorecard, Q1 FY27 (Jun 2026)

Each bank is ranked among all ten banks on nine published measures (1 is best); the overall rank averages the ranks of banks with at least 6. Watch lines are Exalytics editorial thresholds, not regulatory limits.

Value and rank among all ten banks, Q1 FY27 (Jun 2026). Teal is the best rank, rust the lowest; select a bank's name to see its watch items below.
Bank OverallrankNIMmarginLoansquarterLoansyearDepositsquarterDepositsyearCASAchange, yearCD ratiolower is betterNet NPAlower is betterCRARcapital
ICICI BankPrivate 14.36% #24.98% #119.58% #12.17% #413.99% #3−0.60 pp #588.97% #70.35% #316.84% #7
Canara BankPublic sector 22.52% #94.51% #217.97% #42.74% #311.63% #6+0.14 pp #280.25% #30.36% #417.17% #5
KotakPrivate 34.53% #13.27% #515.16% #7−2.37% #1013.60% #5−0.60 pp #591.65% #80.27% #122.80% #1
HDFC BankPrivate 43.40% #53.41% #315.36% #62.11% #514.71% #2−1.60 pp #696.53% #100.41% #719.60% #2
Axis BankPrivate 53.46% #42.27% #719.05% #22.78% #218.19% #1−2.30 pp #991.89% #90.39% #616.67% #8
SBIPublic sector 62.86% #72.34% #618.96% #30.50% #79.73% #7−0.12 pp #383.12% #40.38% #515.67% #10
PNBPublic sector 62.50% #101.16% #912.68% #80.80% #68.52% #8−0.29 pp #473.81% #10.28% #218.13% #4
IndusIndPrivate 83.57% #33.29% #4−2.22% #103.71% #14.44% #9−2.05 pp #878.66% #20.95% #1017.15% #6
Union BankPublic sector 92.80% #81.64% #812.50% #9−1.80% #93.50% #10+2.58 pp #185.43% #50.47% #818.46% #3
Bank of BarodaPublic sector 102.93% #6−0.91% #1017.38% #5−0.91% #813.79% #4−1.61 pp #786.74% #60.50% #916.30% #9

ICICI Bank

Growth strong but funding risk rising

Loan growth 19.58% is at or above the peer median (16.37%), with loans outgrowing deposits.

  • Loans outgrowing deposits. Loans grew 19.58% and deposits 13.99% over the year, a gap of 5.59 pp. Rows: f2bb1313, 5283bd2c

Watch next quarter: How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

Canara Bank

Growth strong but funding risk rising

Loan growth 17.97% is at or above the peer median (16.37%), with loans outgrowing deposits.

  • Loans outgrowing deposits. Loans grew 17.97% and deposits 11.63% over the year, a gap of 6.35 pp. Rows: eef85fbe, 403b679b

Watch next quarter: Whether net interest margin stabilises as loans and deposits reprice. How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

Kotak

Steady quarter

Watch: credit-deposit ratio stretched.

  • Credit-deposit ratio stretched. Advances were 91.65% of deposits, at or above the 90% watch line. Rows: 3839e884

Watch next quarter: Whether net interest margin stabilises as loans and deposits reprice. How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

HDFC Bank

Steady quarter

Watch: CASA share falling and credit-deposit ratio stretched.

  • CASA share falling. The CASA ratio fell 1.60 pp over the year to 32.30%. Rows: 58374374
  • Credit-deposit ratio stretched. Advances were 96.53% of deposits, at or above the 90% watch line. Rows: d3ba493b

Watch next quarter: How lending is funded: deposit growth, borrowings and the credit-deposit ratio. Whether current and savings deposits keep losing share to term deposits.

Axis Bank

Growth strong but funding risk rising

Loan growth 19.05% is at or above the peer median (16.37%), with CASA share falling and credit-deposit ratio stretched.

  • CASA share falling. The CASA ratio fell 2.30 pp over the year to 38.00%. Rows: d50276a4
  • Credit-deposit ratio stretched. Advances were 91.89% of deposits, at or above the 90% watch line. Rows: 9ab961d6
  • Margin squeeze. Net interest margin 3.46% against 3.80% a year earlier (−0.34 pp). Rows: 8bf1ec09, a5105551

Watch next quarter: Whether net interest margin stabilises as loans and deposits reprice. How lending is funded: deposit growth, borrowings and the credit-deposit ratio. Whether current and savings deposits keep losing share to term deposits.

SBI

Growth strong but funding risk rising

Loan growth 18.96% is at or above the peer median (16.37%), with loans outgrowing deposits.

  • Loans outgrowing deposits. Loans grew 18.96% and deposits 9.73% over the year, a gap of 9.23 pp. Rows: 86bf7c04, 004c32cf

Watch next quarter: Whether net interest margin stabilises as loans and deposits reprice. How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

PNB

Weak deposit momentum

Deposits grew 8.52% over the year against a peer median of 12.61%.

  • Loans outgrowing deposits. Loans grew 12.68% and deposits 8.52% over the year, a gap of 4.15 pp. Rows: c61d62d7, 2ad7de3e
  • Margin squeeze. Net interest margin 2.50% against 2.70% a year earlier (−0.20 pp). Rows: 605e2dcb, 52a4ff86

Watch next quarter: Whether net interest margin stabilises as loans and deposits reprice. How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

IndusInd

Weak deposit momentum

Deposits grew 4.44% over the year against a peer median of 12.61%.

  • CASA share falling. The CASA ratio fell 2.05 pp over the year to 29.43%. Rows: 83dd397d

Watch next quarter: Whether current and savings deposits keep losing share to term deposits.

Union Bank

Weak deposit momentum

Deposits grew 3.50% over the year against a peer median of 12.61% and fell 1.80% in the quarter.

  • Loans outgrowing deposits. Loans grew 12.50% and deposits 3.50% over the year, a gap of 9.00 pp. Rows: 385622b7, a1f407c0

Watch next quarter: How lending is funded: deposit growth, borrowings and the credit-deposit ratio.

Bank of Baroda

Growth strong but funding risk rising

Loan growth 17.38% is at or above the peer median (16.37%), with loans outgrowing deposits and CASA share falling.

  • Loans outgrowing deposits. Loans grew 17.38% and deposits 13.79% over the year, a gap of 3.60 pp. Rows: e7bb5f86, 3bf2b78f
  • CASA share falling. The CASA ratio fell 1.61 pp over the year to 37.72%. Rows: 371d1237
  • Capital adequacy falling. Capital adequacy ratio 16.30%, down 1.31 pp over the year. Rows: b86119cd

Watch next quarter: How lending is funded: deposit growth, borrowings and the credit-deposit ratio. Whether current and savings deposits keep losing share to term deposits. Capital ratios after the quarter's profit is added, and any capital raising.

6 · Profitability and credit cost

Return on assets and credit cost by bank

Profitability

Return on assets by bank

Annualised net profit as a share of average total assets. The 1.0% line is a widely used benchmark for healthy bank profitability, not a regulatory requirement.

For example: A bank that earns ₹1.5 crore of profit in a year on ₹100 crore of average assets has a return on assets of 1.5%.

Return on assets, per cent

  • SBI
  • ICICI Bank
  • Canara Bank
Q1 FY23 (Jun 2022) SBI: 0.48% HDFC Bank: not published ICICI Bank: not published Canara Bank: 0.65% Union Bank: not publishedQ1 FY24 (Jun 2023) SBI: 1.22% HDFC Bank: not published ICICI Bank: not published Canara Bank: 0.99% Union Bank: not publishedQ1 FY25 (Jun 2024) SBI: 1.10% HDFC Bank: not published ICICI Bank: 2.36% Canara Bank: 1.05% Union Bank: not publishedQ1 FY26 (Jun 2025) SBI: 1.14% HDFC Bank: not published ICICI Bank: 2.44% Canara Bank: 1.14% Union Bank: not publishedQ1 FY27 (Jun 2026) SBI: 1.11% HDFC Bank: not published ICICI Bank: 2.49% Canara Bank: 1.04% Union Bank: not published1.0% industry benchmark

Return on assets shows how much profit a bank makes from each rupee on its balance sheet. A persistent gap with peers usually traces to a narrower interest margin, higher operating costs or heavier provisions for bad loans; the margin, credit-cost and asset-quality charts show which.

Credit cost

Credit cost by bank

Provisions for loan losses as a percentage of average advances. The 1.0% line is an Exalytics watch line. Fast loan growth followed by rising credit cost can mean looser lending is turning into losses.

For example: A bank that sets aside ₹1 crore for bad loans in a year on ₹100 crore of average loans has a credit cost of 1%.

Credit cost, per cent of average advances

  • SBI
  • HDFC Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 0.61% HDFC Bank: 0.91% ICICI Bank: not published Canara Bank: 1.38% Union Bank: 2.02%Q1 FY24 (Jun 2023) SBI: 0.32% HDFC Bank: 0.70% ICICI Bank: not published Canara Bank: 1.10% Union Bank: 0.97%Q1 FY25 (Jun 2024) SBI: 0.48% HDFC Bank: 0.42% ICICI Bank: not published Canara Bank: 0.90% Union Bank: 0.73%Q1 FY26 (Jun 2025) SBI: 0.47% HDFC Bank: not published ICICI Bank: not published Canara Bank: 0.72% Union Bank: 0.47%Q1 FY27 (Jun 2026) SBI: 0.27% HDFC Bank: 0.40% ICICI Bank: not published Canara Bank: 0.49% Union Bank: 0.38%1.0% credit discipline watch line

Credit cost is the share of the loan book set aside each year for expected losses. Read it beside loan growth: fast growth with steady credit cost is healthier than fast growth followed by rising provisions.

7 · Asset quality by bank

Net NPAs and provision coverage by bank

Asset quality

Net NPA ratio by bank

Bad loans not yet covered by provisions, as a share of net advances. These are the losses that could still reduce shareholders' book value. The 1.0% line is an Exalytics watch line.

For example: A bank with ₹3 of bad loans and ₹2.40 of provisions against them has ₹0.60 of net NPAs; on about ₹97.60 of net advances, that is a net NPA ratio of roughly 0.6%.

Net NPA ratio, per cent of net advances

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 1.00% HDFC Bank: not published ICICI Bank: 0.70% Canara Bank: 2.48% Union Bank: 3.31%Q1 FY24 (Jun 2023) SBI: 0.71% HDFC Bank: 0.30% ICICI Bank: 0.48% Canara Bank: 1.57% Union Bank: 1.58%Q1 FY25 (Jun 2024) SBI: 0.57% HDFC Bank: 0.39% ICICI Bank: 0.43% Canara Bank: 1.24% Union Bank: 0.90%Q1 FY26 (Jun 2025) SBI: 0.47% HDFC Bank: 0.47% ICICI Bank: 0.41% Canara Bank: 0.63% Union Bank: 0.62%Q1 FY27 (Jun 2026) SBI: 0.38% HDFC Bank: 0.41% ICICI Bank: 0.35% Canara Bank: 0.36% Union Bank: 0.47%1.0% quality watch line

Net NPAs are the part of bad loans still exposed. A low and stable ratio means problem loans already recognised are largely provided for; a rising ratio means new stress is outpacing provisions.

Provision coverage

Provision coverage ratio by bank

Provisions held as a percentage of gross NPAs: how much of the bad-loan book has already been written down. The 70% line is the coverage level RBI asked banks to reach in 2010, used here as a reference point.

For example: ₹2.40 of provisions held against ₹3 of gross NPAs is a provision coverage ratio of 80%.

Provision coverage ratio, per cent

  • SBI
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 75.1% HDFC Bank: not published ICICI Bank: 79.6% Canara Bank: 84.5% Union Bank: 84.8%Q1 FY24 (Jun 2023) SBI: 74.8% HDFC Bank: not published ICICI Bank: 82.4% Canara Bank: 88.0% Union Bank: 90.9%Q1 FY25 (Jun 2024) SBI: 74.4% HDFC Bank: not published ICICI Bank: 79.7% Canara Bank: 89.2% Union Bank: 93.5%Q1 FY26 (Jun 2025) SBI: 74.5% HDFC Bank: not published ICICI Bank: 75.3% Canara Bank: 93.2% Union Bank: 94.7%Q1 FY27 (Jun 2026) SBI: 74.2% HDFC Bank: not published ICICI Bank: 74.7% Canara Bank: 94.8% Union Bank: 95.1%70% RBI prudential norm

High coverage together with low net NPAs means bad loans already recognised are unlikely to need large further provisions, so less of future operating profit is at risk from them.

8 · Regulatory capital

Regulatory capital against RBI minimums

Regulatory capital

Capital adequacy ratio (CRAR) by bank

Total regulatory capital (Tier 1 plus Tier 2) as a share of risk-weighted assets. The 11.5% line is RBI's Basel III minimum including the 2.5% capital conservation buffer; a bank below it comes under RBI's Prompt Corrective Action framework.

For example: A bank with ₹12 of capital against ₹100 of risk-weighted assets has a capital ratio of 12%, half a point above the 11.5% minimum.

Capital adequacy ratio (CRAR), per cent of risk-weighted assets

  • SBI
  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • Union Bank
Q1 FY23 (Jun 2022) SBI: 13.43% HDFC Bank: 18.10% ICICI Bank: 18.74% Canara Bank: 14.91% Union Bank: not publishedQ1 FY24 (Jun 2023) SBI: 14.56% HDFC Bank: 18.90% ICICI Bank: 17.47% Canara Bank: 16.24% Union Bank: not publishedQ1 FY25 (Jun 2024) SBI: 13.86% HDFC Bank: 19.30% ICICI Bank: 16.63% Canara Bank: 16.38% Union Bank: 17.02%Q1 FY26 (Jun 2025) SBI: 14.63% HDFC Bank: 19.90% ICICI Bank: 16.97% Canara Bank: 16.52% Union Bank: 18.30%Q1 FY27 (Jun 2026) SBI: 15.67% HDFC Bank: 19.60% ICICI Bank: 16.84% Canara Bank: 17.17% Union Bank: 18.46%11.5% RBI statutory minimum

Under RBI's Basel III regulatory framework, commercial banks must maintain minimum CRAR of 9.0% plus a 2.5% Capital Conservation Buffer (CCB) = 11.5%, and CET1 of at least 8.0%. In addition, RBI designates SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), requiring additional CET1 surcharges ranging from 0.20% to 0.80%. A breach of regulatory minimums triggers Prompt Corrective Action (PCA) restrictions on dividend payouts and risk-weighted asset expansion.

Sources

Publishers in this snapshot

Snapshot

Citation and snapshot details

Dataset india-banks-60ee115c2fa7bcdd, refresh 17900415-367a-5d5f-8416-f0d32e4155db, published 1 Nov 2026, loaded into the database 1 Nov 2026. Every chart's table, CSV and Copy for AI carry each observation's Id, status and source page.

Download the full snapshot: CSV · JSON

Methodology and definitions

Comparison basis

Each figure is the bank's own, from its quarterly investor presentation, press release or results filing for that quarter, on the basis the bank reports (gross or net advances, domestic or total CASA, global or domestic margin); the basis is stated on every value. Standalone figures, except IndusInd Bank, which reports consolidated figures from FY25. Quarters are Indian fiscal quarters (Q1 is April–June). Growth compares two quarters printed in the same document, so a reclassification cannot distort it. Shares of new loans and deposits are shares of the ten banks' combined addition, not of the banking system. Price-to-book divides BSE's month-end close by the latest book value per share the bank had published, adjusted for splits and bonus issues. Missing values are blank, never zero. Not investment advice.

Reporting frequency

Indian banks publish bank-level deposits, advances, margins and asset quality once a quarter: some issue a provisional business update in the first week after the quarter ends, and full results follow within about six weeks. Share prices are month-end, so price-to-book moves monthly while book value changes only when results come out.

Scorecard and watch lines

Ranks use net interest margin, loan and deposit growth over the quarter and the year, the change in CASA ratio, the credit-deposit ratio (lower ranks higher), the net NPA ratio (lower ranks higher) and capital adequacy. A bank is flagged when loans grow more than 3 points faster than deposits, its CASA ratio falls by a point or more, its credit-deposit ratio reaches 90%, its margin falls by 0.15 points or more, its cost of deposits rises by 0.30 points or more, a wide margin comes with credit cost of 1.0% or more, capital adequacy falls by a point or more, or the gross NPA ratio rises by 0.25 points or more over the year. A bank whose quarter has only a provisional update, or no margin or NPA figure yet, is "awaiting full results".

Banking system liquidity

The weekly surplus, the policy corridor, reserve money, narrow and broad money, all-bank credit and inflation are published on India — Liquidity and Money. This page stays with the ten banks' own quarterly results.

Not measured here

Consolidated group results (except IndusInd from FY25), unlisted and foreign banks, each bank's own liquidity coverage ratio, management guidance, and any forecast. Rankings describe published figures only and are not a recommendation to buy or sell.

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