PSU bank stocks that delivered net profit growth of up to 56% in Q3 to look out for

Synopsis: PSU banks like Punjab & Sind Bank, UCO Bank, Bank of Maharashtra, IOB, and Central Bank of India posted strong Q3FY26 results, driven by healthy profit growth, rising net interest income.

PSU banks kicked off the Q3FY26 earnings season on a strong note, reporting robust financial performance driven by healthy profit growth and rising net interest income. Improved fundamentals and sustained business momentum enabled several public sector lenders deliver solid results, boosting investor sentiment during the quarter.

Punjab & Sind Bank

Punjab & Sind Bank is a public sector bank in India with a strong foundation in social responsibility and community service. Headquartered in New Delhi, the bank offers a wide range of banking and financial services including deposits, loans, MSME finance, and digital banking solutions.

With a market capitalisation of Rs. 19,640 cr, the shares of Punjab & Sind Bank closed at Rs. 27.68 per share, up from its previous close of Rs. 27.22 per share. Net profit rose by 19% to Rs. 336 in  Q3FY26 cr from Rs. 282 cr in Q3FY25. Net interest income increased by 5% from Rs. 939 cr to Rs. 986 cr. 

UCO Bank

UCO Bank is a major public sector bank headquartered in Kolkata. It provides services such as savings accounts, loans, trade finance, and digital banking solutions. UCO Bank is known for its focus on serving both urban and rural customers and contributing to India’s financial development.

With a market capitalisation of Rs. 36,540 cr, the shares of UCO Bank closed at Rs. 29.14 per share, up from its previous close of Rs. 28.60 per share. Net profit increased by 15.65% from Rs. 639 cr in Q3FY25 to Rs. 739 cr in Q3FY26. Net interest income also rose by 11.27% to Rs. 2,646 cr from Rs. 2,378 cr. 

Bank of Maharashtra

Bank of Maharashtra is a public sector bank based in Pune. It offers retail and corporate banking, loans, and investment services. The bank emphasizes supporting small businesses, agriculture, and regional economic growth, especially in Maharashtra and neighboring states.

With a market capitalisation of Rs. 50,433 cr, the shares of Bank of Maharashtra closed at Rs. 65.57 per share, up from its previous close of Rs. 65 per share. Net profit significantly increased by 27% from Rs. 1,406 cr in Q3FY25 to Rs. 1,779 cr in Q3FY26. Net interest income also rose by 16% to Rs. 3,422 cr from Rs. 2,943 cr. 

Indian Overseas Bank (IOB)

Indian Overseas Bank is a nationalized bank headquartered in Chennai. It provides comprehensive banking services, including international banking and trade finance. IOB has a significant role in promoting financial inclusion and supporting industrial and agricultural development in India.

With a market capitalisation of Rs. 67,763 cr, the shares of Indian Overseas Bank closed at Rs. 35.19 per share, up from its previous close of Rs. 34.66 per share. Net profit rose by 56% from Rs. 874 cr in Q3FY25 to Rs. 1365 cr in Q3FY26. Net interest income also increased by 18% to Rs. 3,299 cr from Rs. 2,789 cr. 

Central Bank of India

Central Bank of India is one of the oldest public sector banks in the country. Headquartered in Mumbai, it offers a wide range of banking services, including loans, deposits, and digital banking. The bank has a strong rural presence and contributes significantly to economic development and financial inclusion.

With a market capitalisation of Rs. 33.644 cr, the shares of Central Bank of India closed at Rs. 37.17 per share, up from its previous close of Rs. 36.01 per share. Net profit significantly rose by 31% from Rs. 966 cr in Q3FY25 to Rs. 1,265 cr in Q3FY26. Net interest income also increased by 7.76% to Rs. 13,897 cr.

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