{"id":317483,"date":"2026-10-19T16:19:57","date_gmt":"2026-10-19T10:49:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317483"},"modified":"2026-10-19T16:19:57","modified_gmt":"2026-10-19T10:49:57","slug":"biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/","title":{"rendered":"3 Biggest Public Lender, Financial Holding Company and Power Financier Stocks With a Strong Future Roadmap: State Bank of India, Bajaj Finserv and REC Limited"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>SBI Rs 962.60, P\/E 9.68. Bajaj Finserv Rs 1,729.00, P\/E 13.26. REC Rs 307.80, P\/E 4.82. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Biggest public lender, financial holding company and power financier stocks with the clearest long-term roadmaps today include SBI in the largest lending franchise in India, with retail, corporate and international banking backed by a very wide branch and digital network, Bajaj Finserv in a financial holding company with stakes in consumer and SME lending, life insurance and general insurance and REC in financing for power and infrastructure projects across generation, transmission and distribution. FY26 revenue growth was 7.4% at SBI, 13.2% at Bajaj Finserv and 5.7% at REC. P\/E stands at 9.68 for SBI (industry 12.00), 13.26 for Bajaj Finserv (industry 17.72) and 4.82 for REC (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Biggest public lender, financial holding company and power financier stocks give investors exposure to bank loans, insurance and power project finance. Credit growth, funding costs and asset quality decide how much of that demand turns into profit.<\/p>\n<p>This list covers three biggest public lender, financial holding company and power financier stocks: State Bank of India for the largest lending franchise in India, with retail, corporate and international banking backed by a very wide branch and digital network, Bajaj Finserv for a financial holding company with stakes in consumer and SME lending, life insurance and general insurance and REC Limited for financing for power and infrastructure projects across generation, transmission and distribution. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#What_Are_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\" title=\"What Are Biggest Public Lender, Financial Holding Company and Power Financier Stocks?\">What Are Biggest Public Lender, Financial Holding Company and Power Financier Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_at_a_Glance\" title=\"Biggest Public Lender, Financial Holding Company and Power Financier Stocks at a Glance\">Biggest Public Lender, Financial Holding Company and Power Financier Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Why_Do_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Biggest Public Lender, Financial Holding Company and Power Financier Stocks Have a Strong Roadmap in India?\">Why Do Biggest Public Lender, Financial Holding Company and Power Financier Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#State_Bank_of_India_Indias_Largest_Lender_Anchors_the_Roadmap\" title=\"State Bank of India: India&#8217;s Largest Lender Anchors the Roadmap\">State Bank of India: India&#8217;s Largest Lender Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Bajaj_Finserv_Lending_and_Insurance_Arms_Anchor_the_Roadmap\" title=\"Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap\">Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\" title=\"REC Limited: Power Sector Financing Anchors the Roadmap\">REC Limited: Power Sector Financing Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Best_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_in_India_SBI_vs_Bajaj_Finserv_vs_REC_on_Key_Financials\" title=\"Best Biggest Public Lender, Financial Holding Company and Power Financier Stocks in India: SBI vs Bajaj Finserv vs REC on Key Financials\">Best Biggest Public Lender, Financial Holding Company and Power Financier Stocks in India: SBI vs Bajaj Finserv vs REC on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#How_to_Evaluate_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Biggest Public Lender, Financial Holding Company and Power Financier Stocks to Buy Before You Invest\">How to Evaluate Biggest Public Lender, Financial Holding Company and Power Financier Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Risks_to_Consider_Before_Investing_in_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\" title=\"Risks to Consider Before Investing in Biggest Public Lender, Financial Holding Company and Power Financier Stocks\">Risks to Consider Before Investing in Biggest Public Lender, Financial Holding Company and Power Financier Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#FAQs_on_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\" title=\"FAQs on Biggest Public Lender, Financial Holding Company and Power Financier Stocks\">FAQs on Biggest Public Lender, Financial Holding Company and Power Financier Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Which_are_the_best_biggest_public_lender_financial_holding_company_and_power_financier_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best biggest public lender, financial holding company and power financier stocks in India with a strong roadmap?\">Which are the best biggest public lender, financial holding company and power financier stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Is_State_Bank_of_India_a_good_stock_to_buy_now\" title=\"Is State Bank of India a good stock to buy now?\">Is State Bank of India a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a 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class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#What_are_the_risks_of_investing_in_biggest_public_lender_financial_holding_company_and_power_financier_stocks\" title=\"What are the risks of investing in biggest public lender, financial holding company and power financier stocks?\">What are the risks of investing in biggest public lender, financial holding company and power financier stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#How_did_SBI_Bajaj_Finserv_and_REC_perform_in_Q1_FY27\" title=\"How did SBI, Bajaj Finserv and REC perform in Q1 FY27?\">How did SBI, Bajaj Finserv and REC perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#Do_biggest_public_lender_financial_holding_company_and_power_financier_stocks_pay_dividends\" title=\"Do biggest public lender, financial holding company and power financier stocks pay dividends?\">Do biggest public lender, financial holding company and power financier stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/biggest-public-lender-financial-holding-company-and-power-financier-stocks-roadmap-pinnacle-list\/#How_can_I_invest_in_biggest_public_lender_financial_holding_company_and_power_financier_stocks_in_India\" title=\"How can I invest in biggest public lender, financial holding company and power financier stocks in India?\">How can I invest in biggest public lender, financial holding company and power financier stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\"><\/span><strong>What Are Biggest Public Lender, Financial Holding Company and Power Financier Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biggest public lender, financial holding company and power financier stocks are shares of companies that lend, insure or take deposits for households and businesses. Results depend on credit growth, funding costs and asset quality, so asset quality and funding costs separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_at_a_Glance\"><\/span><strong>Biggest Public Lender, Financial Holding Company and Power Financier Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three biggest public lender, financial holding company and power financier stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">State Bank of India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">962.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">868,292<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.68<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.29%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bajajfinsv\/bajaj-finserv-ltd-share-price-today\">Bajaj Finserv<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,729.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">273,600<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.58%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/recltd\/rec-ltd-share-price-today\">REC Limited<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">307.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">77,364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among banking and finance stocks, all three trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Biggest Public Lender, Financial Holding Company and Power Financier Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biggest public lender, financial holding company and power financier stocks have a strong roadmap in India because retail and corporate credit, rising insurance cover and power project lending keep adding business for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Bank credit:<\/strong> Households and firms borrow more from banks.<\/li>\n<li><strong>Insurance cover:<\/strong> Families buy life and general insurance.<\/li>\n<li><strong>Power lending:<\/strong> Power and renewable projects need finance.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"State_Bank_of_India_Indias_Largest_Lender_Anchors_the_Roadmap\"><\/span><strong>State Bank of India: India&#8217;s Largest Lender Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SBI&#8217;s roadmap rests on the largest lending franchise in India, with retail, corporate and international banking backed by a very wide branch and digital network, and with a large deposit base and steady credit demand supporting earnings.<\/p>\n<p>Revenue grew from Rs 406,973.09 crore in FY22 to Rs 712,643.53 crore in FY26, a 75.1% rise, and FY26 revenue was 7.4% higher than FY25. FY26 net profit rose 7.8% to Rs 85,168.47 crore. Over four years, net profit rose from Rs 36,356.17 crore in FY22 to Rs 85,168.47 crore. In Q1 FY27, revenue grew 7.8% to Rs 180,061.86 crore, and net profit rose 13.7% to Rs 24,579.04 crore.<\/p>\n<p>Return on equity is 14.29%. SBI paid a dividend of Rs 17.35 per share for FY26, a yield of 1.84%. At a P\/E of 9.68 against an industry P\/E of 12.00, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 9.68 against an industry P\/E of 12.00 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finserv_Lending_and_Insurance_Arms_Anchor_the_Roadmap\"><\/span><strong>Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Finserv&#8217;s roadmap rests on a financial holding company with stakes in consumer and SME lending, life insurance and general insurance, with its lending and insurance arms supporting earnings.<\/p>\n<p>Revenue grew from Rs 68,438.98 crore in FY22 to Rs 150,530.38 crore in FY26, a 119.9% rise, and FY26 revenue was 13.2% higher than FY25. FY26 net profit rose 12.0% to Rs 19,669.47 crore. Over four years, net profit rose from Rs 8,313.53 crore in FY22 to Rs 19,669.47 crore. In Q1 FY27, revenue grew 19.1% to Rs 42,036.90 crore, and net profit rose 18.2% to Rs 6,296.67 crore.<\/p>\n<p>Debt to equity is 5.52 and return on equity is 12.58%. Bajaj Finserv paid a dividend of Rs 1.5 per share for FY26, a yield of 0.09%. At a P\/E of 13.26 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 13.26 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\"><\/span><strong>REC Limited: Power Sector Financing Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>REC&#8217;s roadmap rests on financing for power and infrastructure projects across generation, transmission and distribution, with the build-out of the power grid supporting loan demand.<\/p>\n<p>Revenue grew from Rs 39,339.20 crore in FY22 to Rs 59,628.35 crore in FY26, a 51.6% rise, and FY26 revenue was 5.7% higher than FY25. FY26 net profit rose 2.7% to Rs 16,308.17 crore. Over four years, net profit rose from Rs 10,035.70 crore in FY22 to Rs 16,308.17 crore.<\/p>\n<p>Debt to equity is 6.05 and return on equity is 19.17%. At a P\/E of 4.82 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 4.82 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_in_India_SBI_vs_Bajaj_Finserv_vs_REC_on_Key_Financials\"><\/span><strong>Best Biggest Public Lender, Financial Holding Company and Power Financier Stocks in India: SBI vs Bajaj Finserv vs REC on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best biggest public lender, financial holding company and power financier stocks in India, SBI ranks second on FY26 revenue growth and FY26 net profit growth; Bajaj Finserv leads on FY26 revenue growth and FY26 net profit growth; REC leads on return on equity and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">SBI<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Bajaj Finserv<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">REC<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">712,643.53<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">150,530.38<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59,628.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">85,168.47<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,669.47<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,308.17<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.29%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.68<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Financial earnings follow credit growth, funding costs and asset quality, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Biggest Public Lender, Financial Holding Company and Power Financier Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen biggest public lender, financial holding company and power financier stocks and shortlist biggest public lender, financial holding company and power financier stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check loan growth, asset quality and capital adequacy together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch capital adequacy and asset quality before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these biggest public lender, financial holding company and power financier stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\"><\/span><strong>Risks to Consider Before Investing in Biggest Public Lender, Financial Holding Company and Power Financier Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Asset quality:<\/strong> A rise in overdue loans can reduce profit.<\/li>\n<li><strong>Funding costs:<\/strong> Changes in borrowing costs can move spreads.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track SBI, Bajaj Finserv and REC live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three banking and finance stocks cover a public lender, a holding company and a power financier. SBI ranks second on FY26 revenue growth and FY26 net profit growth; Bajaj Finserv leads on FY26 revenue growth and FY26 net profit growth; REC leads on return on equity and the lowest P\/E.<\/p>\n<p>Across biggest public lender, financial holding company and power financier stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the biggest public lender, financial holding company and power financier stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Biggest_Public_Lender_Financial_Holding_Company_and_Power_Financier_Stocks\"><\/span><strong>FAQs on Biggest Public Lender, Financial Holding Company and Power Financier Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_biggest_public_lender_financial_holding_company_and_power_financier_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best biggest public lender, financial holding company and power financier stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State Bank of India, Bajaj Finserv and REC Limited stand out for their roadmaps in a public lender, a holding company and a power financier. FY26 revenue growth was 7.4% at SBI, 13.2% at Bajaj Finserv and 5.7% at REC, and return on equity ranges from 12.58% to 19.17%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_State_Bank_of_India_a_good_stock_to_buy_now\"><\/span><strong>Is State Bank of India a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State Bank of India has a return on equity of 14.29% and a P\/E of 9.68 against an industry P\/E of 12.00. Valuation, asset quality and funding costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_SBI_Bajaj_Finserv_and_REC\"><\/span><strong>What is the P\/E ratio of SBI, Bajaj Finserv and REC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 9.68 for SBI (industry 12.00), 13.26 for Bajaj Finserv (industry 17.72) and 4.82 for REC (industry 17.72). All of them trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_biggest_public_lender_financial_holding_company_and_power_financier_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these biggest public lender, financial holding company and power financier stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> REC Limited has the highest return on equity at 19.17%, followed by State Bank of India at 14.29% and Bajaj Finserv at 12.58%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_biggest_public_lender_financial_holding_company_and_power_financier_stocks\"><\/span><strong>What are the risks of investing in biggest public lender, financial holding company and power financier stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are asset quality, funding costs and quarterly trends. A rise in overdue loans can reduce profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_SBI_Bajaj_Finserv_and_REC_perform_in_Q1_FY27\"><\/span><strong>How did SBI, Bajaj Finserv and REC perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State Bank of India reported revenue of Rs 180,061.86 crore, up 7.8% year on year, and net profit rose 13.7% to Rs 24,579.04 crore. Bajaj Finserv reported revenue of Rs 42,036.90 crore, up 19.1% year on year, and net profit rose 18.2% to Rs 6,296.67 crore. REC Limited reported .<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_biggest_public_lender_financial_holding_company_and_power_financier_stocks_pay_dividends\"><\/span><strong>Do biggest public lender, financial holding company and power financier stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI and Bajaj Finserv pay dividends. The dividend yield is 1.84% for SBI and 0.09% for Bajaj Finserv, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_biggest_public_lender_financial_holding_company_and_power_financier_stocks_in_India\"><\/span><strong>How can I invest in biggest public lender, financial holding company and power financier stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy biggest public lender, financial holding company and power financier stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best biggest public lender, financial holding company and power financier stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State Bank of India, Bajaj Finserv and REC Limited stand out for their roadmaps in a public lender, a holding company and a power financier. FY26 revenue growth was 7.4% at SBI, 13.2% at Bajaj Finserv and 5.7% at REC, and return on equity ranges from 12.58% to 19.17%.\"}},{\"@type\":\"Question\",\"name\":\"Is State Bank of India a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State Bank of India has a return on equity of 14.29% and a P\/E of 9.68 against an industry P\/E of 12.00. 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All of them trade below the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these biggest public lender, financial holding company and power financier stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"REC Limited has the highest return on equity at 19.17%, followed by State Bank of India at 14.29% and Bajaj Finserv at 12.58%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in biggest public lender, financial holding company and power financier stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are asset quality, funding costs and quarterly trends. A rise in overdue loans can reduce profit.\"}},{\"@type\":\"Question\",\"name\":\"How did SBI, Bajaj Finserv and REC perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State Bank of India reported revenue of Rs 180,061.86 crore, up 7.8% year on year, and net profit rose 13.7% to Rs 24,579.04 crore. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India, Bajaj Finserv and REC Limited compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":28,"featured_media":317482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7472,12805,13595,13596,11236,768],"class_list":["post-317483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-bajaj-finserv","tag-biggest-public-lender","tag-financial-holding-company-and-power-financier-stocks","tag-financial-holding-company-and-power-financier-stocks-to-buy","tag-rec-limited","tag-state-bank-of-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["317482"],"rank_math_title":["Public Lender, Financial Holding and Power Financier Stocks"],"rank_math_description":["Biggest public lender, financial holding company and power financier stocks with a strong roadmap compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["biggest public lender, financial holding company and power financier stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-biggest-public-lender-financial-holding-company-and-power-financier-stocks.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=317483"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317483\/revisions"}],"predecessor-version":[{"id":317484,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317483\/revisions\/317484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/317482"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=317483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=317483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=317483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}