Tijori
2026-09-08 15:08
Buoyant
2026-09-07 (model valuation date)
41 lenders598 syncs ok2 failed

Banking Command Center

What changed · why it changed · who benefits. Medians across 41 listed lenders; system aggregates are listed-bank sums, not RBI totals.

Latest fiscal year: FY2026
Credit growth
17.3%
+3.1%vs FY-1
Deposit growth
13.3%
+1.7%vs FY-1
Credit − deposit
+4.0pp
funding pressure
Credit/deposit
84.3%
NIM
3.6%
ROA
1.1%
-0.1%vs FY-1
Gross NPA
1.9%
-0.8%vs FY-1
Sector P/B
1.03x
-0.1%vs FY-1

Credit vs deposit growth (median, listed banks)

§20 — medians across the 41 listed lenders, FY17–FY26

Credit growth − deposit growth

§6 — the central funding indicator. Positive = credit outrunning deposits.

Positive inflections (223)

§24 — generated deterministically from data rules, not interpretation

Negative inflections (54)

§24 — rules: percentile extremes, 3-period acceleration, growth vs system

  • ▼Dhanlaxmi Bank — Fresh Slippages - Quarterly +99.9% YoY to 46.22
  • ▼Bank of Maharashtra — Fresh Slippages - Quarterly +22.1% YoY to 888.00
  • ▼DCB Bank — CASA Ratio at 21.65 — 1th percentile of its own history (multi-year low)
  • ▼Equitas Small Fin. — Capital to Risks Assets Ratio (CRAR) at 19.44 — 4th percentile of its own history (multi-year low)
  • ▼Equitas Small Fin. — CASA Ratio at 25.00 — 4th percentile of its own history (multi-year low)
  • ▼CSB Bank — CASA Ratio at 19.41 — 0th percentile of its own history (multi-year low)
  • ▼CSB Bank — CASA Ratio -17.4% YoY to 19.41
  • ▼State Bank Of India — CASA Ratio at 39.24 — 6th percentile of its own history (multi-year low)

Fastest loan growth

§10 latest FY

1Fino Payments BankPayments142.9%
2Ujjivan Small FinSmall26.7%
3City Union BankMid/Small26.5%
4CSB BankMid/Small26.5%
5AU Small Fin. BankSmall25.4%
6Indian Overseas BankPublic24.9%
7Dhanlaxmi BankMid/Small24.7%
8Jana Small Fin. BankSmall24.6%

Gaining advances share

§11 1Y change, pp

1State Bank Of IndiaPublic+0.6%
2Axis BankLarge+0.2%
3Bank Of BarodaPublic+0.1%
4Indian Overseas BankPublic+0.1%
5ICICI BankLarge+0.1%
6Canara BankPublic+0.1%
7Bank Of IndiaPublic+0.1%
8Bank of MaharashtraPublic+0.1%

Highest ROA

§13 computed bridge

1IDBI BankPrivate2.1%
2Kotak Mahindra BankLarge2.0%
3Karur Vysya BankMid/Small2.0%
4ICICI BankLarge2.0%
5Tamilnad MercantileMid/Small1.9%
6Bank of MaharashtraPublic1.8%
7HDFC BankLarge1.6%
8City Union BankMid/Small1.5%

Worst asset quality

§12 gross NPA, highest first

1Tamilnad MercantileMid/Small0.7%
2Karur Vysya BankMid/Small0.7%
3HDFC BankLarge1.2%
4Kotak Mahindra BankLarge1.2%
5Axis BankLarge1.3%
6RBL BankMid/Small1.3%
7Yes BankMid/Small1.3%
8Indian Overseas BankPublic1.3%

ROE vs Price/Book

§18 — bubble size ∝ ROE magnitude. Click a bubble to open the bank.

What is Buoyant doing?

§31 — proprietary ratings and prob-weighted targets

BankRatingCMPPW TPUpside
HDFC BankBUY711900+26.7%
ICICI BankHOLD14281417-0.7%
Axis BankBUY12661464+15.6%
Kotak Mahindra BankREDUCE423393-7.0%
Rating bands: BUY >= +15% expected 12-15m total return; ADD +5 to +15%; HOLD -5 to +5%; REDUCE -15 to -5%; SELL < -15%. Rating uses probability-weighted TP plus dividend.000.0%
Colour code in other sheets: blue font = analyst input assumption; yellow fill = estimate; white = historical (sourced). This workbook is a values export of the Buoyant driver model (Python); cells are not formula-linked — change inputs in the model, not here.000.0%

Buoyant Capital internal estimates, valuation date 7-Sep-2026. Covers the large-4 private banks only.

Where is credit going? The sectoral credit map (§5) is not shown because Tijori exposes only two credit lines over ten months — insufficient to build an agriculture/industry/services/retail tree. Product-level share is on Credit; the required RBI feed is specified in Data Catalogue. No placeholder data has been fabricated.