{"id":340640,"date":"2026-11-05T13:43:39","date_gmt":"2026-11-05T08:13:39","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=340640"},"modified":"2026-11-05T13:43:39","modified_gmt":"2026-11-05T08:13:39","slug":"nifty-psu-bank-stocks-to-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/","title":{"rendered":"Nifty PSU Bank Stocks to Buy in November 2026: 5 Names on the Watchlist"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>State Bank of India Rs 979.00. Union Bank Rs 183.89. BoM Rs 79.61. Indian Overseas Bank Rs 30.00. Central Bank of India Rs 29.90. NSE closing prices, 4 Nov 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;\">Five Nifty PSU Bank stocks to buy on the November 2026 watchlist are State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India. All five grew revenue in their latest full year, and all five also grew net profit. Central Bank of India has the lowest P\/E at 5.48, while Bank of Maharashtra leads on return on equity at 22.53%. Check each valuation against your own risk appetite before acting.<\/p>\n<\/p><\/div>\n<p>The Nifty PSU Bank stocks to buy in November 2026 start with five listed names: State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India. The Nifty PSU Bank index tracks government-owned lenders, and these five public sector banks sit in it. <a href=\"https:\/\/univest.in\/indices\/nifty-bank\/nifty-bank-share-price-today\">Bank Nifty<\/a> is the wider benchmark that investors often compare with it.<\/p>\n<p>This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these Nifty PSU Bank stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=nifty-psu-bank-stocks-to-buy\"><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\/nifty-psu-bank-stocks-to-buy\/#Which_Are_the_Best_Nifty_PSU_Bank_Stocks_to_Buy_in_November_2026\" title=\"Which Are the Best Nifty PSU Bank Stocks to Buy in November 2026?\">Which Are the Best Nifty PSU Bank Stocks to Buy in November 2026?<\/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\/nifty-psu-bank-stocks-to-buy\/#Why_These_Nifty_PSU_Bank_Stocks_to_Buy_Are_in_Focus\" title=\"Why These Nifty PSU Bank Stocks to Buy Are in Focus\">Why These Nifty PSU Bank Stocks to Buy Are in Focus<\/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\/nifty-psu-bank-stocks-to-buy\/#State_Bank_of_India_The_Public_Sector_Anchor_Among_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"State Bank of India: The Public Sector Anchor Among Nifty PSU Bank Stocks to Buy\">State Bank of India: The Public Sector Anchor Among Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Union_Bank_of_India_The_Public_Sector_Lender_Among_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Union Bank of India: The Public Sector Lender Among Nifty PSU Bank Stocks to Buy\">Union Bank of India: The Public Sector Lender Among Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Bank_of_Maharashtra_The_Growing_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Bank of Maharashtra: The Growing Public Sector Bank Among Nifty PSU Bank Stocks to Buy\">Bank of Maharashtra: The Growing Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Indian_Overseas_Bank_The_South_India_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Indian Overseas Bank: The South India Public Sector Bank Among Nifty PSU Bank Stocks to Buy\">Indian Overseas Bank: The South India Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Central_Bank_of_India_The_Low-Priced_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Central Bank of India: The Low-Priced Public Sector Bank Among Nifty PSU Bank Stocks to Buy\">Central Bank of India: The Low-Priced Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\" title=\"Growth Snapshot: Latest Full Year and Latest Quarter\">Growth Snapshot: Latest Full Year and Latest Quarter<\/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\/nifty-psu-bank-stocks-to-buy\/#Factors_That_Move_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Factors That Move Nifty PSU Bank Stocks to Buy\">Factors That Move Nifty PSU Bank Stocks to Buy<\/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\/nifty-psu-bank-stocks-to-buy\/#Risks_to_Keep_in_Mind_Before_Buying_Nifty_PSU_Bank_Stocks\" title=\"Risks to Keep in Mind Before Buying Nifty PSU Bank Stocks\">Risks to Keep in Mind Before Buying Nifty PSU Bank Stocks<\/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\/nifty-psu-bank-stocks-to-buy\/#How_to_Choose_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"How to Choose Nifty PSU Bank Stocks to Buy\">How to Choose Nifty PSU Bank Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#How_to_Invest_in_Nifty_PSU_Bank_Stocks\" title=\"How to Invest in Nifty PSU Bank Stocks\">How to Invest in Nifty PSU Bank Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#Frequently_Asked_Questions_on_Nifty_PSU_Bank_Stocks_to_Buy\" title=\"Frequently Asked Questions on Nifty PSU Bank Stocks to Buy\">Frequently Asked Questions on Nifty PSU Bank Stocks to Buy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#Which_are_the_best_Nifty_PSU_Bank_stocks_to_buy_in_November_2026\" title=\"Which are the best Nifty PSU Bank stocks to buy in November 2026?\">Which are the best Nifty PSU Bank stocks to buy in November 2026?<\/a><\/li><li 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\/nifty-psu-bank-stocks-to-buy\/#Is_State_Bank_of_India_a_good_stock_to_buy_from_this_Nifty_PSU_Bank_list\" title=\"Is State Bank of India a good stock to buy from this Nifty PSU Bank list?\">Is State Bank of India a good stock to buy from this Nifty PSU Bank list?<\/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\/nifty-psu-bank-stocks-to-buy\/#Are_these_Nifty_PSU_Bank_stocks_expensive_right_now\" title=\"Are these Nifty PSU Bank stocks expensive right now?\">Are these Nifty PSU Bank stocks expensive right now?<\/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\/nifty-psu-bank-stocks-to-buy\/#Which_of_these_Nifty_PSU_Bank_stocks_pay_a_dividend\" title=\"Which of these Nifty PSU Bank stocks pay a dividend?\">Which of these Nifty PSU Bank stocks pay a dividend?<\/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\/nifty-psu-bank-stocks-to-buy\/#Which_stock_on_this_list_has_the_highest_return_on_equity\" title=\"Which stock on this list has the highest return on equity?\">Which stock on this list has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#What_are_the_risks_of_investing_in_Nifty_PSU_Bank_stocks\" title=\"What are the risks of investing in Nifty PSU Bank stocks?\">What are the risks of investing in Nifty PSU Bank stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/nifty-psu-bank-stocks-to-buy\/#How_can_I_invest_in_Nifty_PSU_Bank_stocks_in_India\" title=\"How can I invest in Nifty PSU Bank stocks in India?\">How can I invest in Nifty PSU Bank stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Which_Are_the_Best_Nifty_PSU_Bank_Stocks_to_Buy_in_November_2026\"><\/span><strong>Which Are the Best Nifty PSU Bank Stocks to Buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best Nifty PSU Bank stocks to buy in November 2026 for a watchlist are State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>CMP (Rs)<\/th>\n<th>Market Cap<\/th>\n<th>P\/E<\/th>\n<th>ROE<\/th>\n<th>Dividend Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">State Bank of India<\/a><\/td>\n<td>979.00<\/td>\n<td>Rs 9,04,615 crore<\/td>\n<td>10.09<\/td>\n<td>14.29%<\/td>\n<td>1.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/unionbank\/union-bank-of-india-share-price-today\">Union Bank of India<\/a><\/td>\n<td>183.89<\/td>\n<td>Rs 1,42,100 crore<\/td>\n<td>6.46<\/td>\n<td>16.05%<\/td>\n<td>2.69%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Maharashtra<\/td>\n<td>79.61<\/td>\n<td>Rs 62,225 crore<\/td>\n<td>7.77<\/td>\n<td>22.53%<\/td>\n<td>1.48%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/iob\/indian-overseas-bank-share-price-today\">Indian Overseas Bank<\/a><\/td>\n<td>30.00<\/td>\n<td>Rs 56,306 crore<\/td>\n<td>8.45<\/td>\n<td>18.05%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/centralbk\/central-bank-of-india-share-price-today\">Central Bank of India<\/a><\/td>\n<td>29.90<\/td>\n<td>Rs 26,448 crore<\/td>\n<td>5.48<\/td>\n<td>12.76%<\/td>\n<td>6.16%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On valuation, State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India trade below the industry P\/E. Valuation is the first filter for any Nifty PSU Bank stocks to buy list, and it is covered again in the risk section.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Nifty_PSU_Bank_Stocks_to_Buy_Are_in_Focus\"><\/span><strong>Why These Nifty PSU Bank Stocks to Buy Are in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this list, FY26 net profit and revenue both grew for every bank, and return on equity runs from about 12.8% to 22.5%. The list covers the country&#8217;s largest lender, a large pan-India bank, a Maharashtra-focused bank, a south India bank and a bank with a wide branch network in central and eastern India. Investors comparing the best Nifty PSU Bank stocks in India usually check loan quality, margins and how the shares are valued against book returns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"State_Bank_of_India_The_Public_Sector_Anchor_Among_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>State Bank of India: The Public Sector Anchor Among Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>State Bank of India is India&#8217;s largest public sector bank, with the widest branch network in the country. The stock trades at Rs 979.00 with a market capitalisation of Rs 9,04,615 crore and a P\/E of 10.09, against an industry P\/E of 11.45.<\/p>\n<p>FY26 revenue rose 7.4% to Rs 7,12,644 crore and net profit rose 7.8% to Rs 85,168 crore. In the June 2026 quarter, revenue grew 7.8% year on year to Rs 1,80,062 crore, while net profit grew 13.7% to Rs 24,579 crore.<\/p>\n<p>Return on equity is 14.29%, and the dividend yield is 1.77%. Promoters hold 55.45%, foreign institutions 11.07% and domestic institutions 26.34% as of September 2026. Foreign institutional holding has risen from 9.57% to 11.07% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Union_Bank_of_India_The_Public_Sector_Lender_Among_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Union Bank of India: The Public Sector Lender Among Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Union Bank of India is a large public sector bank with a pan-India branch network. At Rs 183.89, the stock has a market capitalisation of Rs 1,42,100 crore and trades at 6.46 times earnings, while the industry P\/E is 11.45.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 1,28,400 crore, up 0.2% year on year, with net profit at Rs 18,781 crore, up 4.8%. The September 2026 quarter added revenue of Rs 33,471 crore (up 5.4%) and net profit of Rs 5,570 crore (up 30.1%).<\/p>\n<p>Return on equity is 16.05%, and the dividend yield is 2.69%. Promoters hold 74.76%, foreign institutions 9.40% and domestic institutions 11.64% as of September 2026. Foreign institutional holding has risen from 7.86% to 9.40% over the last year.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Nifty PSU Bank Stocks Live on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bank_of_Maharashtra_The_Growing_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Bank of Maharashtra: The Growing Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bank of Maharashtra is a public sector bank with a strong presence in Maharashtra and a growing loan book. Its market capitalisation is Rs 62,225 crore, the share price is Rs 79.61 and the P\/E of 7.77 compares with an industry P\/E of 11.45.<\/p>\n<p>Over FY26, net profit rose 26.6% to Rs 7,017 crore on revenue of Rs 32,824 crore, which was up 15.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 9,736 crore, up 22.1% year on year, and net profit of Rs 2,310 crore, up 41.4%.<\/p>\n<p>Return on equity is 22.53%, and the dividend yield is 1.48%. Promoters hold 73.60%, foreign institutions 6.51% and domestic institutions 13.77% as of September 2026. Domestic institutional holding has risen from 10.05% to 13.77% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indian_Overseas_Bank_The_South_India_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Indian Overseas Bank: The South India Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indian Overseas Bank is a public sector bank with a strong presence in south India. The stock trades at Rs 30.00 with a market capitalisation of Rs 56,306 crore and a P\/E of 8.45, against an industry P\/E of 11.45.<\/p>\n<p>FY26 revenue rose 11.8% to Rs 37,743 crore and net profit rose 59.6% to Rs 5,418 crore. In the September 2026 quarter, revenue grew 13.1% year on year to Rs 10,428 crore, while net profit grew 55.7% to Rs 1,912 crore.<\/p>\n<p>Return on equity is 18.05%, and the dividend yield is negligible. Promoters hold 92.44%, foreign institutions 0.48% and domestic institutions 4.17% as of September 2026. Domestic institutional holding has risen from 2.30% to 4.17% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Central_Bank_of_India_The_Low-Priced_Public_Sector_Bank_Among_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Central Bank of India: The Low-Priced Public Sector Bank Among Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Central Bank of India is a public sector bank with a large branch network in central and eastern India. At Rs 29.90, the stock has a market capitalisation of Rs 26,448 crore and trades at 5.48 times earnings, while the industry P\/E is 11.45.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 42,583 crore, up 7.9% year on year, with net profit at Rs 4,531 crore, up 14.9%. The September 2026 quarter added revenue of Rs 11,774 crore (up 14.9%) and net profit of Rs 1,475 crore (up 21.0%).<\/p>\n<p>Return on equity is 12.76%, and the dividend yield is 6.16%. Promoters hold 81.19%, foreign institutions 1.29% and domestic institutions 10.62% as of September 2026. Domestic institutional holding has risen from 4.83% to 10.62% over the last year.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/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 these Nifty PSU Bank stocks live and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\"><\/span><strong>Growth Snapshot: Latest Full Year and Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares year-on-year growth in revenue and net profit for all five Nifty PSU Bank stocks, using filed results.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Full-Year Revenue Growth<\/th>\n<th>Full-Year Profit Growth<\/th>\n<th>Latest Quarter<\/th>\n<th>Quarter Revenue Growth<\/th>\n<th>Quarter Profit Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>State Bank of India<\/td>\n<td>7.4%<\/td>\n<td>7.8%<\/td>\n<td>Jun 2026<\/td>\n<td>7.8%<\/td>\n<td>13.7%<\/td>\n<\/tr>\n<tr>\n<td>Union Bank of India<\/td>\n<td>0.2%<\/td>\n<td>4.8%<\/td>\n<td>Sep 2026<\/td>\n<td>5.4%<\/td>\n<td>30.1%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Maharashtra<\/td>\n<td>15.6%<\/td>\n<td>26.6%<\/td>\n<td>Sep 2026<\/td>\n<td>22.1%<\/td>\n<td>41.4%<\/td>\n<\/tr>\n<tr>\n<td>Indian Overseas Bank<\/td>\n<td>11.8%<\/td>\n<td>59.6%<\/td>\n<td>Sep 2026<\/td>\n<td>13.1%<\/td>\n<td>55.7%<\/td>\n<\/tr>\n<tr>\n<td>Central Bank of India<\/td>\n<td>7.9%<\/td>\n<td>14.9%<\/td>\n<td>Sep 2026<\/td>\n<td>14.9%<\/td>\n<td>21.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Factors_That_Move_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Factors That Move Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four factors tend to drive Nifty PSU Bank stocks, and each one is worth checking before a purchase.<\/p>\n<ul>\n<li><strong>Asset quality:<\/strong> Check bad loans and provisions in each result.<\/li>\n<li><strong>Net interest margin:<\/strong> Margins drive bank earnings.<\/li>\n<li><strong>Return on equity:<\/strong> Higher returns support valuations.<\/li>\n<li><strong>Dividends:<\/strong> Payouts vary widely across these banks.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Keep_in_Mind_Before_Buying_Nifty_PSU_Bank_Stocks\"><\/span><strong>Risks to Keep in Mind Before Buying Nifty PSU Bank Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is that public sector banks react quickly to interest rate changes and credit cycles. The second is that dividend payouts differ, and one bank here shows a zero dividend yield. Treat each lender on its own numbers.<\/p>\n<p>On the numbers, State Bank of India trades at the highest P\/E on this list at 10.09, so its earnings need to keep growing to support the price. Nifty PSU Bank stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>How to Choose Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Study loan quality:<\/strong> Gross and net bad loans matter most.<\/li>\n<li><strong>Compare valuations:<\/strong> P\/E is low across the group.<\/li>\n<li><strong>Read the payouts:<\/strong> Yields differ from bank to bank.<\/li>\n<li><strong>Watch policy moves:<\/strong> Rate changes affect margins.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Nifty_PSU_Bank_Stocks\"><\/span><strong>How to Invest in Nifty PSU Bank Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Shortlist two or three companies from this list that match your risk appetite.<\/li>\n<li>Open the Univest Screener and compare P\/E, ROE and debt for each stock.<\/li>\n<li>Check the latest quarterly results and shareholding pattern on NSE or BSE.<\/li>\n<li>Decide an amount you can hold for three to five years and split it into two or three purchases.<\/li>\n<li>Review the holding after every quarterly result instead of reacting to daily price moves.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Central Bank of India offers the lowest P\/E on this list at 5.48, Bank of Maharashtra has the highest return on equity at 22.53%, and Indian Overseas Bank posted the fastest net profit growth in its latest full year at 59.6%. Among the best Nifty PSU Bank stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these Nifty PSU Bank stocks to buy.<\/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=\"Frequently_Asked_Questions_on_Nifty_PSU_Bank_Stocks_to_Buy\"><\/span><strong>Frequently Asked Questions on Nifty PSU Bank Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_Nifty_PSU_Bank_stocks_to_buy_in_November_2026\"><\/span><strong>Which are the best Nifty PSU Bank stocks to buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The five Nifty PSU Bank stocks on the November 2026 watchlist are State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India. Central Bank of India has the lowest P\/E at 5.48, Bank of Maharashtra has the highest ROE at 22.53%, and Indian Overseas Bank grew net profit 59.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_State_Bank_of_India_a_good_stock_to_buy_from_this_Nifty_PSU_Bank_list\"><\/span><strong>Is State Bank of India a good stock to buy from this Nifty PSU Bank list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State Bank of India is the largest company on this list with a market capitalisation of Rs 9,04,615 crore and a P\/E of 10.09 against an industry P\/E of 11.45. Its FY26 revenue rose 7.4% and net profit rose 7.8%, with return on equity at 14.29%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_these_Nifty_PSU_Bank_stocks_expensive_right_now\"><\/span><strong>Are these Nifty PSU Bank stocks expensive right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Valuations vary across the group. State Bank of India trades at a P\/E of 10.09, Union Bank of India trades at a P\/E of 6.46, Bank of Maharashtra trades at a P\/E of 7.77, Indian Overseas Bank trades at a P\/E of 8.45, Central Bank of India trades at a P\/E of 5.48, against an industry P\/E of 11.45. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_Nifty_PSU_Bank_stocks_pay_a_dividend\"><\/span><strong>Which of these Nifty PSU Bank stocks pay a dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dividend yields on this list are State Bank of India 1.77%, Union Bank of India 2.69%, Bank of Maharashtra 1.48%, Central Bank of India 6.16%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_stock_on_this_list_has_the_highest_return_on_equity\"><\/span><strong>Which stock on this list has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bank of Maharashtra has the highest ROE on this list at 22.53%, followed by Indian Overseas Bank at 18.05% and Union Bank of India at 16.05%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_Nifty_PSU_Bank_stocks\"><\/span><strong>What are the risks of investing in Nifty PSU Bank stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are interest rate and credit cycles, uneven dividend payouts and differing loan quality. On this list, State Bank of India trades at the highest P\/E of 10.09, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_Nifty_PSU_Bank_stocks_in_India\"><\/span><strong>How can I invest in Nifty PSU Bank stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P\/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.<\/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 Nifty PSU Bank stocks to buy in November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The five Nifty PSU Bank stocks on the November 2026 watchlist are State Bank of India, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank of India. Central Bank of India has the lowest P\/E at 5.48, Bank of Maharashtra has the highest ROE at 22.53%, and Indian Overseas Bank grew net profit 59.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.\"}},{\"@type\":\"Question\",\"name\":\"Is State Bank of India a good stock to buy from this Nifty PSU Bank list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State Bank of India is the largest company on this list with a market capitalisation of Rs 9,04,615 crore and a P\/E of 10.09 against an industry P\/E of 11.45. Its FY26 revenue rose 7.4% and net profit rose 7.8%, with return on equity at 14.29%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.\"}},{\"@type\":\"Question\",\"name\":\"Are these Nifty PSU Bank stocks expensive right now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Valuations vary across the group. State Bank of India trades at a P\/E of 10.09, Union Bank of India trades at a P\/E of 6.46, Bank of Maharashtra trades at a P\/E of 7.77, Indian Overseas Bank trades at a P\/E of 8.45, Central Bank of India trades at a P\/E of 5.48, against an industry P\/E of 11.45. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.\"}},{\"@type\":\"Question\",\"name\":\"Which of these Nifty PSU Bank stocks pay a dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dividend yields on this list are State Bank of India 1.77%, Union Bank of India 2.69%, Bank of Maharashtra 1.48%, Central Bank of India 6.16%. 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Staggered buying and a long holding period can help manage these risks.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in Nifty PSU Bank stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P\/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Five Nifty PSU Bank stocks on the November 2026 watchlist with FY26 growth, valuation, ROE, shareholding and risks for State Bank of India, Union Bank, BoM, Indian Overseas Bank and Central Bank of India.<\/p>\n","protected":false},"author":36,"featured_media":340639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[717,15042,4219,768,7671],"class_list":["post-340640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-bank-of-maharashtra","tag-nifty-psu-bank-stocks","tag-psu-bank-stocks","tag-state-bank-of-india","tag-union-bank-of-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["340639"],"rank_math_title":["Nifty PSU Bank Stocks to Buy in Nov 2026: Top 5 Picks"],"rank_math_description":["Nifty PSU Bank stocks to buy in November 2026: State Bank of India, Union Bank, BoM and Indian Overseas Bank, with FY26 growth, valuation, ROE and key risks for each."],"rank_math_focus_keyword":["Nifty PSU Bank stocks to buy"],"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\/11\/nifty-psu-bank-stocks-to-buy-in-november-2026-5-names-on-the-watchlist.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340640","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=340640"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340640\/revisions"}],"predecessor-version":[{"id":340641,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340640\/revisions\/340641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/340639"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=340640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=340640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=340640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}