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Four PSU banks that should be on your radar after Q4 business updatesPSU banks are likely to stay on investors' radar after key lenders reported steady growth in deposits and advances for the March quarter.By Meghna Sen  April 6, 2026, 9:09:23 AM IST (Updated)2 Min ReadShares of PSU banks will be in focus on Monday, April 6, after several lenders released their March quarter business updates over the past few days. Here's a look at the four PSU lenders that have come out with updates over the long weekend:

Bank of Baroda

Bank of Baroda reported global business of ₹30,78,854 crore, rising 13.93% YoY and 6.47% QoQ. Global deposits grew 12% YoY and 6.58% QoQ, while domestic deposits increased 12.83% YoY and 7.22% sequentially.

Global advances were up 16.23% YoY and 6.34% QoQ, with domestic advances growing 14.56% YoY and 6.68% QoQ.

PNB

Punjab National Bank posted global business of ₹29,72,896 crore, up 10.79% YoY and 2.81% QoQ. Global deposits rose 9.25% YoY and 3.08% QoQ, while domestic deposits increased 9.14% YoY and 3.26% sequentially.

The lender's global advances grew 12.97% YoY and 2.45% QoQ, with domestic advances up 12.17% YoY and 2.49% QoQ. Its credit-deposit ratio stood at 73.70%, compared to 74.16% in the previous quarter.

Union Bank of India

Union Bank of India reported a 5.79% YoY and 6.52% QoQ rise in total global business. Global deposits grew 2.72% YoY and 6.87% QoQ, while advances increased 9.76% YoY and 6.09% sequentially.

Its domestic deposits rose 2.72% YoY and 6.88% QoQ, and domestic advances were up 10.06% YoY and 6.16% QoQ. CASA deposits grew 7.90% YoY and 10.82% QoQ to ₹4.60 lakh crore.

Bank of Maharashtra

Bank of Maharashtra also came out with its business update for the March quarter on Monday, April 6, where its total deposits grew by 14% year-on-year to ₹3.5 lakh crore, while total business was up by 18% from the year-ago period to ₹6.42 lakh crore.

Global advances grew by 22% from last year to ₹2.92 lakh crore, wherein RAM advances were up 21%, and Corporate Advances (domestic) grew by 17%.

Domestic CD ratio though, rose to 82% from 78% last year.

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PSU Banks have sold off sharply in March as the US-Iran war has triggered a rise in bond yields globally. India's own 10-year bond yield crossed the mark of 7% recently. You can on why this is negative for PSU Banks right here.

On Thursday, shares of Bank of Baroda ended 0.81% lower at ₹250, Punjab National Bank rose 0.38% to ₹104.40, and Union Bank of India gained 0.61% to ₹172.68.Continue ReadingFirst Published: Apr 6, 2026 7:27 AM ISTTagsBank of BarodaPunjab National Bankshare market todayUnion Bank of India