At least 36 listed banks reported a combined net profit of Rs 62,521 crore in the September quarter, up 54.2 per cent from Rs 40,558 crore net profit in the corresponding quarter last year. On a sequential basis, domestic banks posted a combined 31.4 per cent jump in profit at Rs 47,569 crore in the June quarter.
The combined market capitalization of these 36 listed banks increased by 21.6 per cent to Rs 35.98 lakh crore in the last one year. The one year return of BSE Sensex was 9.8 per cent.
State Bank of India was the most profitable lender in the September quarter. The PSU bank reported a consolidated net profit of Rs 15,017 crore, up 64.5 per cent on a year-on-year (YoY) basis from Rs 9,131 crore in the same quarter last year.
The stock has given a return of 31 per cent in the last one year. With a market capitalization of Rs 5.43 lakh crore, SBI is also the third most valuable bank as on 29 November.
HDFC Bank’s net profit rose 22.4 per cent to Rs 11,162 crore from Rs 9,120 crore. It was the second highest profit making bank in the second quarter. The largest private sector lender has given a return of 6.6 per cent in the last one year.
HDFC Bank is the most valued Indian bank with a market cap of Rs 8.92 lakh crore.
In third place was ICICI Bank, which posted Rs 8,055 crore in Q2 net profit, up 27.5 per cent from Rs 6,316 crore in the year-ago quarter. The market value of ICICI Bank is Rs 6.53 lakh crore. The one year return is 30.4 per cent.
Axis Bank ranks fourth in the list with a net profit of Rs 5,625 crore, up 66.3 per cent from last year’s Rs 4,389 crore. Axis Bank shares have gained 37 per cent in the last one year and its current market capitalization is Rs 2.74 lakh crore.
At the fifth position was Kotak Mahindra Bank, whose profit rose 21.7 per cent to Rs 3,579 crore. The market cap of Kotak Bank is Rs 3.83 lakh crore. The stock has declined 4 per cent in one year.
Bank of Baroda ranked sixth with a net profit of Rs 3,272 crore. It registered a growth of 49.1 per cent as compared to Rs 2,195 crore in the year-ago quarter.
Its one year market return has been 94 per cent. The lender commanded a market cap of Rs 86,775 crore.
Bank of Baroda was followed by Canara Bank, which reported a net profit of Rs 2,593 crore, a 136 per cent increase from a net profit of Rs 1,100 crore a year ago. The market value has also increased by 62 percent with a market capitalization of Rs 58,760 crore.
At number eight on the list was Union Bank of India with a net profit of Rs 1,839 crore. This bank has registered a growth of 22.7 percent and given a market return of 83 percent.
IndusInd Bank stood at the ninth position. The bank reported a 57.4 per cent increase in net profit at Rs 1,805 crore. The stock has a market valuation of Rs 92,885 crore and has gained 34 per cent in the last one year.
In tenth place was Indian Bank, whose latest net profit stood at Rs 1,245 crore, up 13 per cent from Rs 1,097 crore in the year-ago quarter. The stock has gained 89 per cent in one year and its current market capitalization is Rs 33,636 crore.
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