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

Rates & Liquidity

§7 — the margin engine: what banks earn on assets, what they pay for funds, and the resulting NIM.

The policy-rate and liquidity layer cannot be built. Tijori exposes no repo rate, MCLR, EBLR, savings/term deposit rates, G-sec yields or RBI liquidity operations. Rate-cycle charts, the rate-sensitivity matrix (§7) and any lead/lag from policy to profitability are therefore not shown rather than approximated. What is available is each bank's own asset yield, funding cost and NIM.
NIM
3.6%
median, listed lenders
Yield on advances
10.9%
median, listed lenders
Cost of borrowing
5.0%
median, listed lenders
CASA
32.7%
median, listed lenders
Credit/deposit
84.3%
median, listed lenders
ROA
1.1%
median, listed lenders

Median NIM across listed lenders

Median across the 41 listed lenders, FY17–FY26

NIM vs cost of borrowing

Margin against funding cost

display
#BankCategory
1Ujjivan Small FinSFB8.5%21—6.9%28.6%87.2%7.4%
2ESAF Small FinanceSFB7.9%4417.2%7.1%23.4%86.2%5.9%
3Jana Small Fin. BankSFB7.5%4316.4%7.4%19.0%—6.0%
4Equitas Small Fin.SFB7.2%1515.7%7.0%25.0%91.3%6.0%
5Suryoday Small Fin.SFB7.2%716.2%7.5%21.0%91.3%—
6Bandhan BankMid/Small Private6.2%6—6.4%29.4%92.0%5.4%
7IDFC First BankMid/Small Private6.0%68—6.0%50.8%97.9%5.7%
8AU Small Fin. BankSFB5.9%4313.7%6.5%29.0%80.0%5.2%
9Kotak Mahindra BankLarge Private4.5%33—4.5%40.3%89.4%4.3%
10ICICI BankLarge Private4.4%87—4.5%38.1%89.0%3.8%
11Tamilnad MercantileMid/Small Private4.3%6810.1%5.7%26.2%89.0%3.6%
12Karur Vysya BankMid/Small Private4.3%93—5.5%27.6%85.4%3.9%
13Capital Small Fin.SFB4.2%8810.9%5.6%36.7%83.0%4.2%
14RBL BankMid/Small Private4.1%28—6.0%29.2%93.1%3.9%
15Bank of MaharashtraPSU3.8%75—4.0%49.0%88.8%3.4%
16City Union BankMid/Small Private3.8%48—4.8%26.6%84.3%3.2%
17Fino Payments BankPayments Bank3.8%———100.0%0.0%—
18CSB BankMid/Small Private3.7%2010.7%6.5%19.4%90.0%3.3%
19IDBI Bankex-PSU3.6%718.5%4.7%43.6%79.5%3.1%
20Dhanlaxmi BankMid/Small Private3.6%85—5.6%28.8%81.3%3.2%
21Indusind BankLarge Private3.6%32—5.0%29.4%78.7%3.3%
22Indian Overseas BankPSU3.5%97—4.8%41.0%85.6%2.9%
23Axis BankLarge Private3.5%9—5.0%38.0%92.7%3.2%
24Indian BankPSU3.4%70—4.8%39.7%81.1%2.9%
25DCB BankMid/Small Private3.4%27—6.8%21.6%80.5%3.0%
26Federal BankMid/Small Private3.3%70—5.3%32.2%86.7%3.1%
27J&K BankMid/Small Private3.3%9—4.7%42.1%73.9%3.3%
28HDFC BankLarge Private3.3%07.7%4.4%32.3%96.5%3.5%
29South Indian BankMid/Small Private3.2%86—4.5%33.0%82.1%2.6%
30Karnataka BankMid/Small Private3.2%76—5.2%32.4%78.5%2.5%
31CentralBank of IndiaPSU3.1%65—4.7%46.6%72.4%2.8%
32UCO BankPSU3.0%81—4.4%36.9%82.1%2.8%
33State Bank Of IndiaPSU2.9%9—4.8%39.2%83.1%2.6%
34Union Bank Of IndiaPSU2.8%56—4.4%35.1%83.4%2.4%
35Bank Of BarodaPSU2.8%22—4.7%37.7%86.8%2.6%
36Yes BankMid/Small Private2.7%31—5.7%32.7%90.4%2.2%
37Punjab & Sind BankPSU2.5%508.2%5.5%30.1%81.1%2.2%
38Bank Of IndiaPSU2.5%41—4.5%36.7%83.3%2.3%
39Canara BankPSU2.5%41—4.9%29.7%80.3%2.1%
40PNBPSU2.5%16—4.4%36.7%73.8%2.2%
41Utkarsh Small Fin.SFB——————5.2%

Yield on advances is available for only 11 of 41 banks, so an explicit asset-yield − cost-of-funds spread bridge can be computed for those banks only. NIM percentile is vs each bank's own history back to 2008.