The Indian banking sector is poised to become the world’s third-largest in terms of assets over the next 14 years, according to a report by The Boston Consultancy Group (BCG).
The domestic banking industry is set to see exponential growth in the coming years, with its assets poised to touch $28,500 billion by 2025, compared with the current $1,350 billion (2010), says the report by Indian Banks’ Association (IBA).
Public sector Undertaking banks are a type of government owned banks in India where a majority stake of more than 50 percent is owned by the ministry of finance of the government of india or state ministry of finance of various state governments.
UCO Bank
Uco Bank is a large-cap Public sector undertaking bank with a market capitalization of Rs. 48,971Cr. At the day’s closing the shares of the company were trading at Rs. 41 down 1.09 percent from its previous day close price.
The company has delivered multibagger returns of 252 percent in a year and 49 percent in the last six months. A shareholder’s investment of Rs. 1 lakh would be worth 3.52 Lakh in a year.
The company’s revenue increased by 11.48 percent from 18,082.15 Cr in FY22 to 20,158.98 Cr in FY23, accompanied by increasing profits of 929.76 Cr to 1,862.34 Cr.
UCO Bank is engaged in providing a wide range of banking and financial services including retail banking, corporate banking and treasury operations.
Punjab & Sind Bank
Punjab & Sind Bank is a Mid-cap Public sector undertaking bank with a market capitalization of 29,280 Cr. At the day’s closing the shares of the company were trading at Rs. 43.20 down 1.82 percent from its previous day close price.
The company has delivered multibagger returns of 187 percent in a year and 34 percent in the last six months. A shareholder’s investment of Rs. 1 lakh would be worth 2.87 Lakh in a year.
The company’s revenue increased by 10.89 percent from 8,055.19 Cr in FY22 to 8,932.69 Cr in FY23, accompanied by increasing profits of 1,039.05 Cr to 1,313.03 Cr. Punjab & Sind Bank is engaged in the business of providing financial and banking services which includes deposits, loans & advances and Remittances & Collections.
Bank of Maharashtra
Bank of Maharashtra is a Mid-cap Public sector undertaking bank with a market capitalization of 33,162 Cr. At the day’s closing the shares of the company were trading at Rs. 46.80 up 1.41 percent from its previous day close price.
The company has delivered multibagger returns of 160 percent in a year and 63 percent in the last six months. A shareholders investment of Rs. 1 lakh would be worth 2.6 lakh in a year.
The company’s revenue increased by 15.99 percent from 15,672.17 Cr in FY22 to 18,179.53 Cr in FY23, accompanied by increasing profits of 1,151.64 Cr to 2,602.79 Cr.
Bank of Maharashtra is engaged in the business of providing a wide range of banking services and the bank’s operating segments include treasury, corporate/wholesale banking, retail banking and other banking operations.
Central Bank of India
Central Bank of India is a Mid-cap Public sector undertaking bank with a market capitalization of 41,911 Cr. At the day’s closing the shares of the company were trading at Rs. 48.25 down 0.82 percent from its previous day close price.
The company has delivered multibagger returns of 149 percent in a year and 79 percent in the last six months. A shareholders investment of Rs. 1 lakh would be worth 2.49 Lakh in a year.
The company’s revenue increased by 14.96 percent from 25,870.83 Cr in FY22 to 29,741.59 Cr in FY23, accompanied by increasing profits of 1,064.5 Cr to 1,609.33 Cr.
Central Bank of India is a commercial bank that offers a wide range of banking services in operating segments like treasury, corporate/wholesale banking, retail banking and other banking services.
Indian Overseas Bank
Indian Overseas Bank is a Large-cap Public sector undertaking with a market capitalization of 81,790 Cr. At the day’s closing the shares of the company were trading at Rs. 43.30 down 2.26 percent from its previous day close price.
The company has delivered multibagger returns of 152 percent in a year and 76 percent in the last six months. A shareholders investment of Rs. 1 lakh would be worth Rs. 2.52 lakh in a year.
The company’s revenue has increased by 8.69 percent from 21,641.17 Cr in FY22 to 23,523.42 Cr in FY23, accompanied by increasing profits of 1,709.27 Cr to 2,103.99 Cr.
Indian Overseas bank is a public sector undertaking bank that offers banking and other services like retail banking, corporate banking and treasury operations etc.
Written by: Bharath K.S
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