Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Diversified Banks Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies35
  • 7D-0.6%
  • 3M6.2%
  • 1Y13.5%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has remained flat. The past year has been better, since the industry has gained 13% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Indian Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025₹56.0t₹14.5t₹3.9t11.7x14.3x3.9x
Fri, 28 Nov 2025₹57.2t₹14.5t₹3.9t11.6x14.6x3.9x
Sun, 26 Oct 2025₹55.2t₹14.5t₹3.9t11.2x14.2x3.8x
Tue, 23 Sep 2025₹53.0t₹14.7t₹3.9t11.6x13.7x3.6x
Thu, 21 Aug 2025₹52.8t₹14.7t₹3.9t11.7x13.6x3.6x
Sat, 19 Jul 2025₹53.0t₹14.0t₹3.7t12.8x14.3x3.8x
Mon, 16 Jun 2025₹52.3t₹14.4t₹3.9t12.5x13.4x3.6x
Wed, 14 May 2025₹51.7t₹14.6t₹3.9t11.2x13.1x3.5x
Fri, 11 Apr 2025₹47.4t₹14.0t₹3.9t8.5x12.2x3.4x
Sun, 09 Mar 2025₹46.2t₹14.0t₹3.9t10x11.9x3.3x
Tue, 04 Feb 2025₹47.0t₹14.0t₹3.8t10x12.4x3.4x
Thu, 02 Jan 2025₹48.9t₹13.8t₹3.7t9.9x13.2x3.5x
Sat, 30 Nov 2024₹50.1t₹13.8t₹3.7t10.5x13.5x3.6x
Mon, 28 Oct 2024₹48.3t₹13.7t₹3.6t9.6x13.3x3.5x
Wed, 25 Sep 2024₹51.2t₹13.5t₹3.6t10.4x14.4x3.8x
Fri, 23 Aug 2024₹49.6t₹13.5t₹3.6t10.8x13.9x3.7x
Sun, 21 Jul 2024₹50.8t₹12.8t₹3.4t11.7x15x4x
Tue, 18 Jun 2024₹49.3t₹12.9t₹3.4t11.5x14.6x3.8x
Thu, 16 May 2024₹47.1t₹13.0t₹3.4t11.6x13.8x3.6x
Sat, 13 Apr 2024₹47.8t₹11.7t₹3.1t12.2x15.4x4.1x
Mon, 11 Mar 2024₹47.4t₹11.7t₹3.1t11.6x15.3x4.1x
Wed, 07 Feb 2024₹45.2t₹11.7t₹3.1t12.6x14.7x3.9x
Fri, 05 Jan 2024₹45.1t₹10.8t₹3.0t13.2x15.1x4.2x
Sun, 03 Dec 2023₹41.3t₹10.8t₹3.0t12x13.9x3.8x
Tue, 31 Oct 2023₹39.7t₹10.6t₹2.9t13x13.5x3.7x
Thu, 28 Sep 2023₹41.3t₹10.1t₹2.8t14x14.9x4.1x
Sat, 26 Aug 2023₹39.8t₹10.1t₹2.8t13.4x14.4x3.9x
Mon, 24 Jul 2023₹41.1t₹9.5t₹2.5t13.3x16.2x4.3x
Wed, 21 Jun 2023₹35.5t₹9.4t₹2.4t12.4x14.5x3.8x
Fri, 19 May 2023₹35.5t₹9.1t₹2.3t11.1x15.4x3.9x
Sun, 16 Apr 2023₹34.4t₹8.4t₹2.3t11.2x15.1x4.1x
Tue, 14 Mar 2023₹32.5t₹8.4t₹2.3t11.2x14.3x3.9x
Thu, 09 Feb 2023₹34.1t₹8.4t₹2.3t13x15x4x
Sat, 07 Jan 2023₹35.4t₹7.9t₹2.1t15.1x17.1x4.4x
Price to Earnings Ratio

17.1x


Total Market Cap: ₹35.4tTotal Earnings: ₹2.1tTotal Revenue: ₹7.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Diversified Banks Industry Price to Earnings3Y Average 14.2x20242025
Current Industry PE
  • Investors are relatively neutral on the Indian Diversified Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.2x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Diversified Banks compare with similar industries?

IN Market-0.73%
Financials-0.37%
Banks-0.57%
Diversified Banks-0.57%
Regional Banks-0.52%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
532215 Axis Bank₹1.25k1.7%
+₹66.1b		17.0%PB1.9x
IOB Indian Overseas Bank₹35.805.5%
+₹35.8b		-30.8%PB2x
INDIANB Indian Bank₹809.003.3%
+₹34.7b		52.7%PB1.4x
CANBK Canara Bank₹154.032.5%
+₹34.6b		53.8%PB1.2x
MAHABANK Bank of Maharashtra₹60.514.9%
+₹21.6b		15.9%PB1.5x

Latest News

MAHABANK
₹60.51
Bank of Maharashtra
7D
4.9%
1Y
15.9%
532215
₹1,246.00
Axis Bank
7D
1.7%
1Y
17.0%

532215: Leadership Changes And Asset Resolution Will Drive Positive Medium Term Outlook

Analysts have nudged their price target for Axis Bank slightly higher to approximately ₹1,378 from about ₹1,377, citing marginal improvements in long term fair value estimates, discount rate assumptions, and future earnings multiples that together support a modestly stronger valuation outlook. What's in the News Axis Bank has called a special or extraordinary shareholders meeting via postal ballot in India on January 18, 2026 to seek investor approvals on key resolutions (company filing).
INDUSINDBK
₹841.50
IndusInd Bank
7D
-1.0%
1Y
-12.4%

INDUSINDBK: Future Index Exit And Margin Outlook Will Support Upside

Narrative Update on IndusInd Bank Analysts have nudged their price target for IndusInd Bank slightly higher to ₹1,024.66 from ₹1,021.40, reflecting modestly improved expectations for revenue growth, profit margins, and long term earnings valuation metrics. What's in the News Board meeting scheduled on October 18, 2025, to consider and approve unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025 (Key Developments) IndusInd Bank to be removed from the S&P/CNX NIFTY Index, signaling a change in its representation among major Indian benchmark constituents (Key Developments) Valuation Changes The fair value estimate has risen slightly, moving from ₹1,021.40 to ₹1,024.66 per share.
539437
₹84.81
IDFC First Bank
7D
-0.2%
1Y
34.3%
500247
₹2,154.65
Kotak Mahindra Bank
7D
-0.3%
1Y
20.6%

500247: Profit Margin Strength And Share Split Will Support Future Upside

Analysts have inched up their price target for Kotak Mahindra Bank by about ₹6 to approximately ₹2,408. This reflects slightly improved expectations for profit margins and earnings multiples, despite only marginal tweaks to growth and discount rate assumptions.
HDFCBANK
₹990.90
HDFC Bank
7D
-0.6%
1Y
11.8%
ICICIBANK
₹1,342.50
ICICI Bank
7D
-1.5%
1Y
4.7%
CANBK
₹154.03
Canara Bank
7D
2.5%
1Y
53.8%

CANBK: Upcoming Board Meeting Will Clarify Outlook Amid Stable Fair Value Assessment

Analysts have modestly raised their price target on Canara Bank to reflect an updated fair value estimate of ₹147.92, up from ₹147.13, citing slightly stronger long term revenue growth, profit margin expectations, and a marginally higher future P E multiple. What's in the News A board meeting is scheduled on October 30, 2025 at 10:00 IST to consider and approve the unaudited standalone and consolidated financial results for Q2 and H1 FY2025.
YESBANK
₹21.37
Yes Bank
7D
-1.7%
1Y
9.1%

YESBANK: Rising SMBC Influence Will Pressure Shares Despite Stable Earnings Outlook

Analysts have modestly increased their price target on Yes Bank to ₹18.50 per share, reflecting slightly higher assumed discount rates and a marginally richer future earnings multiple, while keeping fair value broadly unchanged. What's in the News Sumitomo Mitsui Banking Corporation (SMBC) completed the acquisition of an additional 4.22 percent stake in Yes Bank from CA Basque Investments, raising its holding to 24.22 percent for INR 28.47 billion at INR 21.5 per share, following approvals from RBI and the Competition Commission of India (Key Developments) SMBC also completed separate deals to acquire a 2.75 percent stake from HDFC Bank and a 2.39 percent stake from ICICI Bank at INR 21.5 per share, consolidating its position as a key strategic shareholder in Yes Bank (Key Developments) A board meeting on September 18, 2025, noted the completion of these stake transfer transactions from SBI and other sellers to SMBC and recorded the resignation of SBI nominee director Sandeep Tewari from the Yes Bank board (Key Developments) Yes Bank has scheduled a board meeting on October 18, 2025, to consider and approve its unaudited standalone and consolidated financial results for Q2 and the half year ended September 30, 2025 (Key Developments) A special shareholders meeting via postal ballot on October 24, 2025, will seek approval for reappointment and remuneration of the part time chairman and for the appointment and revised pay of multiple directors and key executives, including SMBC nominees, reflecting the evolving shareholder and governance structure (Key Developments) Valuation Changes Fair Value: Unchanged at ₹18.50 per share.
SBIN
₹973.45
State Bank of India
7D
0.2%
1Y
22.5%

SBIN: Subsidiary Stake Sale And Audit Changes Will Shape Future Earnings Profile

Analysts have nudged their price target on State Bank of India slightly higher to ₹1,077.36 from ₹1,076.59, citing marginal improvements in long term profit margin assumptions and a modestly lower discount rate that together support a slightly richer future earnings multiple. What's in the News State Bank of India received regulatory approval to appoint 10 Chartered Accountant firms as Statutory Central Auditors for FY 2025-26, including 8 continuing and 2 newly appointed firms, reinforcing audit oversight for the bank.
UNIONBANK
₹151.65
Union Bank of India
7D
-0.5%
1Y
26.0%

UNIONBANK: Board Meeting And New CEO Will Shape Measured Outlook

Analysts have modestly raised their price target on Union Bank of India from ₹158.86 to ₹160.80, reflecting slightly lower discount rate assumptions, largely unchanged growth and margin forecasts, and a marginally higher expected future P E multiple. What's in the News Upcoming board meeting scheduled for October 30, 2025 at 10:30 IST to review unaudited standalone and consolidated financial results for the quarter ended September 30, 2025, and consider other matters (Key Developments) Government appoints Shri Asheesh Pandey, former Executive Director at Bank of Maharashtra and ex Chief General Manager at Union Bank of India, as Chief Executive Officer for a three year term effective September 30, 2025 (Key Developments) New CEO brings over 27 years of diversified banking experience in credit, treasury, foreign operations, digital transformation, and large scale integration projects, including the amalgamation of e Andhra Bank and e Corporation Bank with Union Bank of India (Key Developments) Leadership transition underscores continued strategic focus on digital banking, automation, and cyber security, supported by Pandey’s advanced management and digital marketing credentials from leading institutes including IIM Bangalore and IIM Rohtak (Key Developments) Valuation Changes Fair Value Estimate has risen slightly from ₹158.86 to ₹160.80, implying a modest upward revision in the bank’s intrinsic value.
PNB
₹122.38
Punjab National Bank
7D
1.2%
1Y
19.1%

PNB: Upcoming Board Review Will Shape Outlook Amid Steady Margins

Analysts have slightly raised their price target on Punjab National Bank to ₹120.95 per share from ₹120.95, reflecting modestly improved assumptions around the bank's discount rate and forward earnings multiple, while maintaining stable growth and margin expectations. What's in the News The board meeting is scheduled for October 18, 2025, at 11:15 IST to review and approve the unaudited financial results for the quarter and half year ended September 30, 2025 (company filing).
INDIANB
₹809.00
Indian Bank
7D
3.3%
1Y
52.7%

INDIANB: Merger Review And Governance Events Will Shape Balanced Outlook Ahead

Analysts have nudged their price target for Indian Bank slightly higher to ₹855.69 from ₹844.92, reflecting modestly improved fair value estimates driven by steady revenue growth assumptions, resilient profit margins, and a marginally lower discount rate despite a slightly richer projected future P E multiple. What's in the News The Finance Ministry is evaluating a potential merger between Indian Bank and Indian Overseas Bank, which could reshape ownership and scale for both lenders (Key Developments, Mint via Finance Ministry sources).
IDBI
₹101.32
IDBI Bank
7D
1.2%
1Y
32.5%
SOUTHBANK
₹37.76
South Indian Bank
7D
-4.1%
1Y
50.9%
IOB
₹35.80
Indian Overseas Bank
7D
5.5%
1Y
-30.8%