India’s Top Bank Stocks: What the Q2FY26 Numbers Reveal

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“Every bank has a strength. Every number has a story that every investor needs to know,” said StockEdge.

By S JHA

Mumbai, November 5, 2025 — While banks hold firm amid stock market crash in India, StockEdge in a commentary examined the financial health of the banking stocks. It weighed the banking stocks on basis of the Q2FY26 results, ranking the stocks as per their relative strength. Banking stocks had been trending until the latest correction in the stock market in India.

“Numbers can tell fascinating stories — especially in banking, where growth, valuation, and profitability define the backbone of India’s financial ecosystem,” said StockEdge in a note shared on its Telegram channel.

It further stated that “when we look at India’s leading banks, market cap gives us the headlines… but the real narrative lies in how these giants have performed over the past decade.”

StockEdge shared the 10-Year Snapshot:

HDFC Bank has emerged as the growth champion with ~21% Net Sales CAGR.
Kotak Mahindra Bank shines in EBITDA expansion, showcasing operational excellence.
State Bank of India (SBI) underscores the power of scale, leading with ₹80,963 Cr in PAT — the highest among peers.
ICICI Bank continues its strong turnaround story, improving steadily across all metrics.
Axis Bank and Bank of Baroda stand out for value and resilience, holding firm through volatile cycles.

“Every bank has a strength. Every number has a story. And every investor needs to know the difference,” added StockEdge in its analysis.

Meanwhile, Indian stock markets ended on a weaker note on Tuesday — Nifty 50 closed at 25,597 (-0.6%) and Sensex near 83,400 — as profit-booking and muted global cues dragged indices lower after recent gains. “Most sectors ended in the red, led by financials, IT, and energy, while Bharti Airtel and Titan held firm on the back of strong quarterly results. The session reflected consolidation and mild fatigue after weeks of steady rallying,” added StockEdge. The Indian bourses were closed on Wednesday.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)