Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank climbed up to 4% on the NSE on Monday after the lenders reported strong provisional business updates for the September quarter (Q2 FY27), boosting investor sentiment around the banking sector.
PNB jumped 4% to near Rs 114 apiece, AU Small Finance Bank rose about 3.5% to Rs 1,021 — its highest level in more than a week — and Bank of Baroda gained 3% to Rs 237.32.
PNB's numbers
Punjab National Bank reported global business growth of nearly 12% year-on-year to Rs 31.2 lakh crore, up from Rs 27.87 lakh crore a year ago, while domestic business grew around 11% to Rs 29.7 lakh crore. Global deposits rose nearly 10% to Rs 17.77 lakh crore from Rs 16.17 lakh crore, and global advances grew 15% to Rs 13.43 lakh crore. The bank's global credit-deposit ratio improved to 75.65%, compared with 72.33% in Q2 FY26 and 73.81% in Q1 FY27.
Bank of Baroda's numbers
Bank of Baroda posted the strongest headline growth of the three. Global business rose 17.45% year-on-year to Rs 32,63,697 crore (about Rs 32.64 lakh crore), up from Rs 27.79 lakh crore a year earlier. Global deposits grew 16.75% to Rs 17,51,262 crore, while global advances climbed 18.27% to Rs 15,12,435 crore. Domestic retail advances grew 18.67% to Rs 3.24 lakh crore, domestic advances rose a little over 13%, and domestic deposits stood at Rs 14.88 lakh crore.
AU Small Finance Bank's numbers
AU Small Finance Bank reported total deposits up nearly 29% year-on-year to Rs 1.7 lakh crore, up from Rs 1.32 lakh crore. Current account and savings account (CASA) deposits grew more than 29% to Rs 50,290 crore, with the CASA ratio improving to 29.5% from 28.8% a year ago. Gross advances grew nearly 28% to Rs 1.5 lakh crore.
What analysts say
Nomura expects bank earnings for the quarter to show high-teens loan growth with stable asset quality, sustaining through the second half of FY27. The brokerage cautioned that near-term margins remain pressured by surplus liquidity linked to FCNR(B) deposits, likely easing by Q3 FY27, and added that an expected repo-rate hike should support net interest margins for banks with a higher share of floating-rate loans.
All figures reported are provisional business updates; audited quarterly results will follow in the coming weeks.
Sources: Shares of PNB, Bank of Baroda, and AU Small Finance Bank Surge After Positive Q2 Updates; Q2 Business Updates: How PNB, Bank of Baroda, and AU Small Finance Bank Shares Soared Up to 4%
PNB jumped 4% to near Rs 114 apiece, AU Small Finance Bank rose about 3.5% to Rs 1,021 — its highest level in more than a week — and Bank of Baroda gained 3% to Rs 237.32.
PNB's numbers
Punjab National Bank reported global business growth of nearly 12% year-on-year to Rs 31.2 lakh crore, up from Rs 27.87 lakh crore a year ago, while domestic business grew around 11% to Rs 29.7 lakh crore. Global deposits rose nearly 10% to Rs 17.77 lakh crore from Rs 16.17 lakh crore, and global advances grew 15% to Rs 13.43 lakh crore. The bank's global credit-deposit ratio improved to 75.65%, compared with 72.33% in Q2 FY26 and 73.81% in Q1 FY27.
Bank of Baroda's numbers
Bank of Baroda posted the strongest headline growth of the three. Global business rose 17.45% year-on-year to Rs 32,63,697 crore (about Rs 32.64 lakh crore), up from Rs 27.79 lakh crore a year earlier. Global deposits grew 16.75% to Rs 17,51,262 crore, while global advances climbed 18.27% to Rs 15,12,435 crore. Domestic retail advances grew 18.67% to Rs 3.24 lakh crore, domestic advances rose a little over 13%, and domestic deposits stood at Rs 14.88 lakh crore.
AU Small Finance Bank's numbers
AU Small Finance Bank reported total deposits up nearly 29% year-on-year to Rs 1.7 lakh crore, up from Rs 1.32 lakh crore. Current account and savings account (CASA) deposits grew more than 29% to Rs 50,290 crore, with the CASA ratio improving to 29.5% from 28.8% a year ago. Gross advances grew nearly 28% to Rs 1.5 lakh crore.
What analysts say
Nomura expects bank earnings for the quarter to show high-teens loan growth with stable asset quality, sustaining through the second half of FY27. The brokerage cautioned that near-term margins remain pressured by surplus liquidity linked to FCNR(B) deposits, likely easing by Q3 FY27, and added that an expected repo-rate hike should support net interest margins for banks with a higher share of floating-rate loans.
All figures reported are provisional business updates; audited quarterly results will follow in the coming weeks.
Sources: Shares of PNB, Bank of Baroda, and AU Small Finance Bank Surge After Positive Q2 Updates; Q2 Business Updates: How PNB, Bank of Baroda, and AU Small Finance Bank Shares Soared Up to 4%
