Content

• Public Sector Banks (India) — Fy26 Sector Deep-Dive (Investor Docs + Concall Synthesis)
• A. Industry Overview & Market Landscape
• 1) What The “Public Sector Bank” Industry Is (Structure And Role)
• 2) Market Size Proxy From Disclosed Bank Scales (Business / Deposits / Advances)
• 3) Sector Growth Backdrop And Macro Anchors Used By Banks
• 4) Market Segmentation Themes Visible Across Disclosures
• B. Financial & Economic Profile (Sector Economics)
• 1) Core Earnings Model: Nii + Fee + Treasury – Opex – Provisions
• 2) Margin (Nim) Range And What Drives Dispersion
• 3) Profitability And Returns: Roa/Roe Profiles
• 4) Cost Structure And Operating Leverage
• 5) Provisions, Credit Cost, And Buffers: The Earnings Stabilizer
• C. Competitive Structure & Dynamics
• 1) Market Concentration And Leadership
• 2) Competitive Intensity: What Banks Are Competing On Now
• 3) Entry Barriers And Moats
• D. Operational Characteristics (How Psbs Run)
• 1) Distribution And Servicing Model: Branches + Bc + Digital
• 2) Digital Adoption Kpis And Customer Ecosystems
• 3) Cost Drivers: Staff + Tech + Insurance + Overheads
• E. Growth Dynamics & Drivers
• 1) Credit Growth: Strong Momentum, Broad-Based Ram Acceleration
• 2) Deposit Growth And Mix: Casa Pressure, Retail Td Focus, Bulk Management
• 3) Fee Income Growth As Second Engine
• 4) Corporate/Infra Opportunity Set: Renewables, Data Centers, “Sunrise”
• F. Risk Landscape (Sector-Wide)
• 1) Nim Compression Risk (Structural + Cyclical)
• 2) Treasury Volatility / Bond Yield Risk
• 3) Geopolitical / West Asia Risk
• 4) Asset Quality Normalization And “Recovery Pool” Fading
• 5) Ecl Accounting Transition (Major Structural Event)
• G. Capital Allocation & Investor Returns
• 1) Capital Adequacy: Strong Buffers, Selective Fundraising
• 2) Dividend Policies (Signals Of Normalization)
• 3) Tech And Growth Investments
• 4) Value Unlocking Via Subsidiaries (Sbi-Specific)
• H. Future Outlook & Projections (Fy27 And Structural Themes)
• 1) Fy27 Growth Guidance: Converging To Low-To-Mid Teens
• 2) Key Inflection Points (5–10 Year Structural Trends)
• I. Company-By-Company Profiles (Exhaustive Within Provided Data)
• State Bank Of India (Sbi) — Fy26
• Company Description And Positioning
• Scale And Balance Sheet (Fy26 End)
• Profitability (Fy26)
• Margins And Income
• Expense And Efficiency
• Asset Quality, Provisions, And Buffers
• Capital And Liquidity
• Business Mix Highlights
• Treasury And Market Risk
• Digital And Operational Kpis
• Strategic Initiatives
• Guidance / Outlook
• Bank Of Baroda (Bob) — Fy26
• Positioning
• Scale (Mar’26)
• Profitability (Fy26)
• Margins And Yields
• Non-Interest Income And Treasury Sensitivity
• Asset Quality And Risk
• Capital And Funding
• Sustainability And New Businesses
• Digital Metrics
• Guidance
• Union Bank Of India — Fy26
• Scale And Mix
• Profitability
• Margin Pressure
• Asset Quality And Provisioning
• Strategic Actions
• Ecl
• Guidance
• Punjab National Bank (Pnb) — Fy26
• Scale And Growth
• Profitability
• Margins
• Asset Quality
• Underwriting Quality Claim (Post-2020 Book)
• Strategic / Operational
• Fy27 Guidance
• Canara Bank — Fy26
• Scale
• Profitability
• Margins And Sensitivity
• Asset Quality
• Key Risks And One-Offs
• Ecl Quantified View (Rare Detailed Disclosure)
• Guidance Fy27
• Indian Bank — Fy26
• Scale And Operating Model
• Fy26 Profitability
• Q4fy26 Snapshot
• Asset Quality (As Of 31.03.26)
• Strategy And Initiatives
• Treasury / Capital
• Guidance Fy27
• Bank Of Maharashtra — Fy26
• Sector Positioning
• Fy26 Performance
• Q4fy26
• Operational And Strategic
• Fy27 Guidance (Aggressive)
• Indian Overseas Bank (Iob) — Fy26
• Scale And Mix
• Profitability And Margins
• Asset Quality
• Ecl Plan (Quantified)
• Guidance
• Bank Of India (Boi) — Fy26
• Scale And Growth
• Profitability
• Asset Quality And Capital
• Strategy
• Guidance
• Uco Bank — Fy26
• Scale
• Profitability
• Asset Quality And Buffers
• Digital And Ops
• Guidance Fy27
• Central Bank Of India — Fy26
• Scale And Franchise
• Fy26 Profitability (With Q4 One-Offs)
• Asset Quality And Risk
• Treasury Risk
• Strategy And Capex
• Guidance Fy27
• Punjab & Sind Bank — Fy26
• Scale And Growth
• Profitability
• Asset Quality
• Strategic Initiatives
• Fy27 Guidance
• Punjab National Bank (Already Covered), Canara (Covered), Union (Covered), Bob (Covered), Sbi (Covered)
• Cross-Sector Comparison: Profitability, Asset Quality, And Funding Stress (What Matters Most)
• 1) Asset Quality Has Converged Dramatically (But Dispersion Remains)
• 2) Funding Is The Binding Constraint For Growth (Not Capital)
• 3) Digital Is Now About Monetization, Not Just Adoption
• 4) Ecl Is The Next Major Sector Event
• Sustainability / Esg: From Reporting To Productization
• Closing Sector Synthesis (Fy26 Reality → Fy27 Setup)