Bank of Baroda vs Punjab National Bank: Which Stock Should You Track
- August 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
Bank of Baroda MCap Rs 1,27,474 Cr, PE 6.93x, ROE 13.18%, PB 0.76. Punjab National Bank MCap Rs 1,30,675 Cr, PE 5.90x, ROE 15.13%, PB 0.90.
Bank of Baroda vs Punjab National Bank is a comparison PSU bank investors look up when evaluating two of India’s largest public sector lenders. Bank of Baroda has a significant international presence through branches in over 17 countries and includes Vijaya Bank and Dena Bank after their merger in 2019, while Punjab National Bank is India’s second largest PSU bank by assets and also absorbed Oriental Bank of Commerce and United Bank in 2020.
This Bank of Baroda vs Punjab National Bank article covers reach and market position, key products, latest declared results and stock valuation. The Bank of Baroda vs Punjab National Bank data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Bank of Baroda vs Punjab National Bank: Reach and Market Position
On the Bank of Baroda side of the Bank of Baroda vs Punjab National Bank comparison, Bank of Baroda operates over 8,000 branches across India plus an international network in over 17 countries, serving retail, agricultural, corporate and NRI customers. Market capitalisation is Rs 1,27,474 Cr.
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On the Punjab National Bank side of the Bank of Baroda vs Punjab National Bank comparison, Punjab National Bank operates over 10,000 branches across India, serving retail, agricultural, MSME and corporate customers through its merged entity including Oriental Bank of Commerce. Market capitalisation is Rs 1,30,675 Cr.
Bank of Baroda vs Punjab National Bank: Key Products and Business Mix
In the Bank of Baroda vs Punjab National Bank product comparison, Bank of Baroda offers: Bank of Baroda offers retail loans, agri credit, MSME loans, NRI banking and corporate credit. P/E is 6.93x, ROE 13.18 percent, P/B 0.76. Dividend yield is 3.45 percent.
For Punjab National Bank in this Bank of Baroda vs Punjab National Bank breakdown: Punjab National Bank offers retail loans, agri credit, MSME loans and corporate credit across its large branch network. P/E is 5.90x, ROE 15.13 percent, P/B 0.90. Dividend yield is 2.64 percent.
Bank of Baroda vs Punjab National Bank: Latest Results
The Bank of Baroda vs Punjab National Bank results for Bank of Baroda: Bank of Baroda has a market cap of Rs 1,27,474 Cr and P/E of 6.93x. ROE is 13.18 percent. The stock trades below book at P/B of 0.76 with dividend yield of 3.45 percent.
The Bank of Baroda vs Punjab National Bank results for Punjab National Bank: Punjab National Bank has a market cap of Rs 1,30,675 Cr and P/E of 5.90x, slightly cheaper. ROE is 15.13 percent. P/B is 0.90 and dividend yield is 2.64 percent.
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Bank of Baroda vs Punjab National Bank: Stock and Valuation
The Bank of Baroda vs Punjab National Bank stock comparison uses the latest available market data from Groww. Investors tracking Bank of Baroda vs Punjab National Bank should verify current prices on NSE or BSE before trading.
Bank of Baroda trades at a market cap of Rs 1,27,474 Cr and P/E of 6.93x, below book value at P/B of 0.76, with a 3.45 percent dividend yield. Punjab National Bank trades at Rs 1,30,675 Cr market cap and P/E of 5.90x, slightly cheaper, with a higher ROE of 15.13 percent. Both PSU banks trade at cheap multiples compared to private sector peers.
Bank of Baroda vs Punjab National Bank: Quick Comparison Table
The Bank of Baroda vs Punjab National Bank comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Bank of Baroda | Punjab National Bank |
|---|---|---|
| Sector | PSU bank | PSU bank |
| Market Cap | Rs 1,27,474 Cr | Rs 1,30,675 Cr |
| P/E Ratio | 6.93x | 5.90x |
| ROE | 13.18% | 15.13% |
| P/B Ratio | 0.76 | 0.90 |
| Dividend Yield | 3.45% | 2.64% |
| Merged entities | Vijaya Bank and Dena Bank (2019) | Oriental Bank of Commerce and United Bank (2020) |
| International presence | 17-plus countries | Limited international presence |
Conclusion
The Bank of Baroda vs Punjab National Bank comparison above covers the key data points on reach, products, results and valuation. Bank of Baroda vs Punjab National Bank are two of India’s largest PSU banks trading at cheap multiples below or near book value. PNB has a higher ROE at a slightly cheaper P/E. Bank of Baroda has a significant international presence and a higher dividend yield. Investors should review NPA resolution progress, credit cost and NIM trends and consult a SEBI-registered advisor before investing.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Frequently Asked Questions
What is the main difference between Bank of Baroda and PNB?
Ans. Bank of Baroda has an extensive international network in 17-plus countries and absorbed Vijaya Bank and Dena Bank. PNB is India’s second largest PSU bank by assets, having absorbed Oriental Bank of Commerce and United Bank.
Which stock trades at a lower P/E?
Ans. PNB trades at 5.90x trailing earnings, slightly cheaper than Bank of Baroda at 6.93x.
Which bank has the higher ROE?
Ans. PNB has an ROE of 15.13 percent, higher than Bank of Baroda at 13.18 percent.
Which bank pays a higher dividend?
Ans. Bank of Baroda pays a dividend yield of 3.45 percent, higher than PNB at 2.64 percent.
Do PSU banks trade below book value?
Ans. Yes. Bank of Baroda trades at P/B of 0.76, below book value. PNB trades at P/B of 0.90, near book.
What risks apply to PSU banks?
Ans. Both banks face risk from public sector credit quality, government policy on priority sector lending, NPA cycles and competition from private sector banks.
Should I invest in Bank of Baroda or PNB?
Ans. Both are cheap PSU banks below or near book value. PNB has higher ROE, Bank of Baroda has international presence and a higher dividend. Review asset quality and NIM and consult a SEBI-registered advisor before investing.
