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Indian (NIFTY) Diversified Banks Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies35
  • 7D-0.6%
  • 3M9.0%
  • 1Y0.7%
  • YTDn/a

The Diversified Banks industry has been flat over the last week, but Bank of Baroda has lost 9.7%. Furthermore, the industry has been flat for the past year as well. 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
Sun, 05 Jul 2026₹54.8t₹15.2t₹4.1t12.2x13.4x3.6x
Tue, 02 Jun 2026₹51.0t₹15.3t₹4.1t11.4x12.5x3.3x
Thu, 30 Apr 2026₹53.1t₹15.1t₹4.1t12.3x13x3.5x
Sat, 28 Mar 2026₹50.4t₹14.9t₹4.0t11.3x12.6x3.4x
Mon, 23 Feb 2026₹59.2t₹14.9t₹4.0t13.5x14.8x4x
Wed, 21 Jan 2026₹56.7t₹14.7t₹4.0t11.8x14.3x3.9x
Fri, 19 Dec 2025₹56.0t₹14.5t₹3.9t11.3x14.3x3.9x
Sun, 16 Nov 2025₹56.2t₹14.5t₹3.9t11.7x14.4x3.9x
Tue, 14 Oct 2025₹54.3t₹14.7t₹3.9t12.1x14x3.7x
Thu, 11 Sep 2025₹52.0t₹14.7t₹3.9t11.7x13.4x3.5x
Sat, 09 Aug 2025₹52.0t₹14.6t₹3.9t11.8x13.4x3.6x
Mon, 07 Jul 2025₹53.7t₹14.3t₹3.9t12.9x13.7x3.8x
Wed, 04 Jun 2025₹52.8t₹14.5t₹3.9t12.8x13.5x3.6x
Fri, 02 May 2025₹51.6t₹14.5t₹3.9t9.9x13.2x3.6x
Sun, 30 Mar 2025₹49.2t₹14.0t₹3.9t9.6x12.7x3.5x
Tue, 25 Feb 2025₹46.2t₹14.0t₹3.9t9.9x11.9x3.3x
Thu, 23 Jan 2025₹46.6t₹13.9t₹3.7t9.5x12.5x3.4x
Sat, 21 Dec 2024₹48.9t₹13.8t₹3.7t9.9x13.2x3.5x
Mon, 18 Nov 2024₹48.0t₹13.8t₹3.7t9.7x12.9x3.5x
Wed, 16 Oct 2024₹49.2t₹13.5t₹3.6t10.3x13.8x3.6x
Fri, 13 Sep 2024₹49.2t₹13.5t₹3.6t10.4x13.9x3.6x
Sun, 11 Aug 2024₹49.2t₹13.5t₹3.6t10.8x13.8x3.6x
Tue, 09 Jul 2024₹50.7t₹12.8t₹3.4t11.9x15x4x
Thu, 06 Jun 2024₹47.8t₹13.0t₹3.4t11.1x14x3.7x
Sat, 04 May 2024₹48.6t₹12.4t₹3.3t12.5x14.6x3.9x
Mon, 01 Apr 2024₹46.3t₹11.7t₹3.1t11x15x4x
Wed, 28 Feb 2024₹46.1t₹11.7t₹3.1t11.5x14.9x3.9x
Fri, 26 Jan 2024₹42.9t₹11.5t₹3.1t12.1x13.8x3.7x
Sun, 24 Dec 2023₹44.2t₹10.8t₹3.0t12.3x14.8x4.1x
Tue, 21 Nov 2023₹40.4t₹10.8t₹3.0t11.9x13.6x3.7x
Thu, 19 Oct 2023₹40.6t₹10.5t₹2.8t14.1x14.4x3.9x
Sat, 16 Sep 2023₹42.0t₹10.1t₹2.8t13.3x15.2x4.2x
Mon, 14 Aug 2023₹39.9t₹10.1t₹2.8t13.2x14.4x3.9x
Wed, 12 Jul 2023₹36.6t₹9.3t₹2.4t13.5x15x3.9x
Price to Earnings Ratio

15x


Total Market Cap: ₹36.6tTotal Earnings: ₹2.4tTotal Revenue: ₹9.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Diversified Banks Industry Price to Earnings3Y Average 13.9x202420252026
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 13.9x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market0.95%
Financials0.85%
Banks-0.50%
Diversified Banks-0.56%
Regional Banks2.27%
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
ICICIBANK ICICI Bank₹1.41k1.7%
+₹171.4b		-2.2%PB2.8x
HDFCBANK HDFC Bank₹801.050.6%
+₹73.2b		-19.5%PB2.1x
INDUSINDBK IndusInd Bank₹974.356.0%
+₹43.2b		13.8%PB1.2x
CUB City Union Bank₹216.769.0%
+₹17.7b		33.0%PB2x
539437 IDFC First Bank₹80.451.6%
+₹10.6b		3.3%PB1.5x

Latest News

532215
₹1,342.50
Axis Bank
7D
-2.5%
1Y
14.0%
500247
₹396.70
Kotak Mahindra Bank
7D
-3.0%
1Y
-6.8%
ICICIBANK
₹1,411.40
ICICI Bank
7D
1.7%
1Y
-2.2%
HDFCBANK
₹801.05
HDFC Bank
7D
0.6%
1Y
-19.5%
FEDERALBNK
₹327.40
Federal Bank
7D
1.0%
1Y
52.1%
Narrative Update • Jun 27

FEDERALBNK: Lower Discount Rate May Overstate Resilience To Execution Setbacks

Analysts have increased their fair value estimate for Federal Bank to ₹267.77 from ₹199.00, citing updated assumptions that include a lower discount rate, higher projected revenue growth, stronger profit margin expectations, and a modestly higher future P/E multiple. Analyst Commentary on Federal Bank Recent commentary around Federal Bank's revised fair value has not been uniformly positive.
UNIONBANK
₹163.09
Union Bank of India
7D
-6.7%
1Y
6.5%
IDBI
₹83.84
IDBI Bank
7D
-3.0%
1Y
-17.1%
CUB
₹216.76
City Union Bank
7D
9.0%
1Y
33.0%
Narrative Update • Jun 26

CUB: Capital Expansion And Leadership Transition Will Support Bullish Outlook

Analysts have revised their price target for City Union Bank to ₹237, compared with the previous fair value estimate of about ₹316. This reflects updated assumptions on discount rate, revenue growth, profit margin, and future P/E multiples.
539437
₹80.45
IDFC First Bank
7D
1.6%
1Y
3.3%
INDIANB
₹798.95
Indian Bank
7D
-4.0%
1Y
22.8%
Narrative Update • Jun 25

INDIANB: Upcoming Dividend And Capital Plan Will Support Bullish Outlook

Analysts have trimmed their price target on Indian Bank slightly, from about ₹1,001.54 to roughly ₹996.69, citing updated assumptions around discount rates, fair value and valuation multiples, while keeping growth and margin expectations broadly unchanged. What’s in the News for Indian Bank Indian Bank announced an annual dividend of ₹18.25 per share, payable on July 9, 2026, with the ex-date and record date on June 10, 2026.
J&KBANK
₹165.20
Jammu and Kashmir Bank
7D
4.3%
1Y
44.6%
Narrative Update • Jun 24

J&KBANK: Upcoming Board And Shareholder Meetings Will Support Further Upside Potential

Analysts have kept their fair value estimate for Jammu and Kashmir Bank steady at ₹198. This reflects largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E in their latest price target update.
TMB
₹778.65
Tamilnad Mercantile Bank
7D
6.3%
1Y
74.7%
PNB
₹105.35
Punjab National Bank
7D
-2.3%
1Y
-5.0%
Narrative Update • Jun 23

PNB: Dividend Support And Stable Margins Will Shape Measured Future Upside

The analyst price target for Punjab National Bank has inched down slightly from ₹119.71 to ₹119.38, with analysts citing small tweaks to fair value, discount rate, profit margin and future P/E assumptions behind the change. What’s in the News for Punjab National Bank Punjab National Bank scheduled a board meeting on May 5, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, to consider recommending a dividend (subject to shareholder approval), and to convene the 2026 AGM.
INDUSINDBK
₹974.35
IndusInd Bank
7D
6.0%
1Y
13.8%
Narrative Update • Jun 22

INDUSINDBK: Fair Outlook As Capital Gains Scheme And Governance Events Evolve

Analysts have inched up their fair value estimate for IndusInd Bank to roughly ₹880 from about ₹877, citing updated assumptions around revenue growth, profit margin and forward P/E levels. What’s in the News for IndusInd Bank Board meeting scheduled for April 24, 2026 to consider and approve audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026, and to consider recommending a dividend for FY 2025-26, along with approval of a Fair Disclosure Code for unpublished price sensitive information (Key Developments).
SBIN
₹1,040.00
State Bank of India
7D
-0.5%
1Y
28.1%
Narrative Update • Jun 19

SBIN: Upcoming Dividend And Debt Fundraising Plan Will Support Bullish Outlook

The latest narrative update on State Bank of India reflects a marginally higher analyst fair value estimate, with the price target moving from ₹1,195 to about ₹1,195.61 as analysts adjust inputs such as discount rate, expected revenue growth, profit margin, and future P/E assumptions. What’s in the News for State Bank of India Board meeting scheduled on June 18, 2026 to consider seeking approval for raising funds during FY27 through public or private issuance of debt instruments, including capital instruments, to overseas and Indian investors in INR and foreign currencies.
BANKBARODA
₹252.20
Bank of Baroda
7D
-9.7%
1Y
4.7%
Narrative Update • Jun 17

BANKBARODA: Dividend Payout And Bond Issuance Plan Will Shape Stock Outlook

The analyst price target for Bank of Baroda has been adjusted slightly to ₹311.47 from ₹311.35, reflecting updated views on discount rate, revenue growth, profit margin, and future P/E assumptions cited by analysts. What’s in the News for Bank of Baroda Bank of Baroda announced an annual dividend of ₹8.50 per share, payable on July 23, 2026, with ex-date and record date on June 5, 2026.