Bajaj Finance, PNB, Union Bank among financial stocks to watch after Q1 updates

Bajaj Finance, PNB, Union Bank among financial stocks to watch after Q1 updates


Shares of several financial companies, including Punjab National Bank (PNB), Bajaj Finance, Union Bank of India, UCO Bank, Central Bank of India, CSB Bank, Ujjivan Small Finance Bank, Equitas Small Finance Bank and Mahindra & Mahindra Financial Services, will be in focus on Friday, July 3, after they released their provisional business updates for the quarter ended June 30, 2026.

CSB Bank

CSB Bank reported a 26% year-on-year increase in total deposits to ₹45,415 crore during the June quarter. Gross advances rose 24% to ₹40,866 crore, while CASA deposits increased 4% to ₹8,815 crore.

Punjab National Bank

PNB’s global business crossed the ₹30 lakh crore mark, rising 10.3% year-on-year and 1% sequentially. Global deposits grew 8.5% year-on-year to ₹17.25 lakh crore, while global advances increased 12.9% to ₹12.75 lakh crore.

Domestic business stood at ₹28.76 lakh crore, up 9.9% from a year ago, while domestic deposits and advances rose 8.6% and 13.3%, respectively.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank reported a 25.1% year-on-year rise in total deposits to ₹48,307 crore. Its gross loan book expanded 28.9% to ₹42,903 crore, while CASA deposits jumped 37.8% to ₹12,930 crore.

The lender’s gross non-performing asset (GNPA) ratio improved to 2.17% from 2.52% a year ago and 2.27% in the previous quarter. Loan disbursements increased 41.5% year-on-year to ₹9,252 crore.

UCO Bank

UCO Bank’s total business grew 15.5% year-on-year to ₹6.05 lakh crore. Advances rose 21.3% to ₹2.73 lakh crore, while deposits increased 11% to ₹3.32 lakh crore.

Equitas Small Finance Bank

Equitas SFB reported a 26.7% increase in gross advances to ₹47,653 crore, while deposits grew 10.4% to ₹48,976 crore.

CASA deposits declined 5.5% year-on-year to ₹12,307 crore, taking the CASA ratio down to 25% from 29% a year earlier. The bank’s cost of funds improved to 7.05% from 7.49%.

Mahindra & Mahindra Financial Services

Mahindra & Mahindra Financial Services estimated overall disbursements at around ₹15,560 crore for the June quarter, reflecting a 21% year-on-year increase.

Business assets stood at approximately ₹1.37 lakh crore, up around 12% from a year ago. Collection efficiency remained stable at 95%, while Stage-3 assets were estimated in the 3.4% to 3.5% range, broadly unchanged from March 2026.

Bajaj Finance

Bajaj Finance’s assets under management (AUM) rose 24% year-on-year to ₹5.47 lakh crore as of June 30, 2026.

The lender booked 16.13 million new loans during the quarter, up 20% from a year ago. Its customer franchise expanded to 124.43 million, with 5.1 million customers added during the quarter. The deposits book stood at ₹68,500 crore at the end of June.

Central Bank of India

Central Bank of India reported an 18.4% year-on-year increase in total business to ₹8.34 lakh crore.

Gross advances rose 28.8% to ₹3.55 lakh crore, while total deposits increased 11.7% to ₹4.79 lakh crore. CASA deposits grew 11.1% year-on-year to ₹2.23 lakh crore.

Union Bank of India

Union Bank’s global business rose 7.5% year-on-year to ₹23.80 lakh crore, although it declined marginally on a sequential basis.

Global advances increased 12.5% year-on-year to ₹10.96 lakh crore, while global deposits grew 3.5% from a year ago. On the domestic front, advances climbed 13.1% year-on-year to ₹10.61 lakh crore, whereas CASA deposits rose 11.7% year-on-year but declined 2.1% sequentially.



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