RBL Bank vs IndusInd Bank vs PNB: Which Stock Should You Track
- October 7, 2026
- Posted by: Chaitanya Auti
- Category: Market
RBL Bank PE 71.07, mkt cap Rs 63,850 crore. IndusInd Bank PE 54.23, mkt cap Rs 71,697 crore. Punjab National Bank PE 6.06, mkt cap Rs 1,34,123 crore.
Quick Answer
RBL Bank vs IndusInd Bank vs Punjab National Bank is a side-by-side comparison of three companies from the Banks space. On this comparison, RBL Bank carries a market capitalisation of about Rs 63,850 crore against Rs 71,697 crore for IndusInd Bank and Rs 1,34,123 crore for Punjab National Bank, with return on equity of 2.10%, 2.02% and 15.13% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
RBL Bank vs IndusInd Bank vs Punjab National Bank starts with the core numbers most investors compare within the Banks segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of October 2026 and will shift with daily price moves.
All three names sit in the Banks bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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RBL Bank, IndusInd Bank and Punjab National Bank: Company Overview
RBL Bank is a listed Indian company in the Banks space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
IndusInd Bank is a listed Indian company in the Banks space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Punjab National Bank is a listed Indian company in the Banks space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
RBL Bank vs IndusInd Bank vs Punjab National Bank: Valuation and Profitability Snapshot
| Metric | RBL Bank | IndusInd Bank | Punjab National Bank |
|---|---|---|---|
| Market Cap (approx.) | Rs 63,850 crore | Rs 71,697 crore | Rs 1,34,123 crore |
| PE Ratio (TTM) | 71.07 | 54.23 | 6.06 |
| PB Ratio | 1.49 | 1.10 | 0.92 |
| Return on Equity (ROE) | 2.10% | 2.02% | 15.13% |
| EPS (TTM, Rs) | 5.79 | 16.97 | 19.26 |
| Dividend Yield | 0.10% | 0.16% | 2.57% |
| Debt to Equity | NA (bank) | NA (bank) | NA (bank) |
| Book Value per Share (Rs) | 275.48 | 838.32 | 127.02 |
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On valuation, RBL Bank trades at a PE of 71.07 and a PB of 1.49, IndusInd Bank at a PE of 54.23 and a PB of 1.10, while Punjab National Bank trades at a PE of 6.06 and a PB of 0.92. On return on equity, the three post 2.10%, 2.02% and 15.13% respectively, and on dividend yield they stand at 0.10%, 0.16% and 2.57%.
RBL Bank vs IndusInd Bank vs Punjab National Bank: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| RBL Bank | Rs 4,762.28 crore | Rs 234.23 crore | +5.5% | -0.6% |
| IndusInd Bank | Rs 13,096.47 crore | Rs 1,037.02 crore | -9.2% | +3.0% |
| Punjab National Bank | Rs 37,953.75 crore | Rs 5,339.15 crore | -0.1% | +2.9% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three banks names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
RBL Bank vs IndusInd Bank vs Punjab National Bank highlights how differently three companies in the same banks segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on RBL Bank vs IndusInd Bank vs Punjab National Bank
What is the market cap difference between RBL Bank, IndusInd Bank and Punjab National Bank?
Ans. As of October 2026, RBL Bank has a market cap of approximately Rs 63,850 crore, IndusInd Bank is at approximately Rs 71,697 crore, and Punjab National Bank is at approximately Rs 1,34,123 crore.
Which of the three has the highest PE ratio?
Ans. Among RBL Bank, IndusInd Bank and Punjab National Bank, the PE ratios stand at 71.07, 54.23 and 6.06 respectively as of October 2026.
Which of the three has the highest ROE?
Ans. RBL Bank, IndusInd Bank and Punjab National Bank post ROE of 2.10%, 2.02% and 15.13% respectively as of October 2026.
Which of these three stocks pays the highest dividend yield?
Ans. RBL Bank, IndusInd Bank and Punjab National Bank carry dividend yields of 0.10%, 0.16% and 2.57% respectively.
What is the debt to equity ratio for RBL Bank, IndusInd Bank and Punjab National Bank?
Ans. RBL Bank carries a debt to equity of NA (bank), IndusInd Bank of NA (bank), and Punjab National Bank of NA (bank).
Which of the three trades at the highest price to book value?
Ans. RBL Bank, IndusInd Bank and Punjab National Bank trade at price to book ratios of 1.49, 1.10 and 0.92 respectively.
Is one of RBL Bank, IndusInd Bank or Punjab National Bank better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.