Best Bank Stocks in November 2025: PNB, Axis Bank, HDFC Bank, and More Based on 5Y CAGR

The Nifty Bank Index, managed by the National Stock Exchange (NSE), tracks the performance of 12 of India’s largest and most liquid banking stocks from both public and private sectors. So far, Bank Nifty has surged 14.2% over the past year, outperforming the broader NSE Nifty 50, which rose 6.8% during the same period.

Let’s take a look at the top bank stocks for November 2025. 

Best Bank Stocks in India in November 2025 – 5Y CAGR Basis

Overview of the Best Banking Stocks in November 2025

Punjab National Bank (PNB) 

PNB reported a strong Q2 performance with net profit rising 14% year-on-year to ₹4,904 crore. Growth was supported by a 10.5% increase in domestic advances to ₹10.11 lakh crore and improved asset quality, as gross NPAs fell from 4.48% to 3.45%. Total income grew 5.1% to ₹36,214 crore, and deposits climbed 10.4% to ₹14.16 lakh crore. The stock is trading around ₹114, reflecting a modest gain.

Key Metrics:

• EPS: ₹4.46
• Return on Equity: 15.10%

ICICI Bank

ICICI Bank, India’s second-largest private sector bank, posted a 5.2% year-on-year rise in standalone net profit to ₹12,359 crore. Net interest income grew 7.4% to ₹21,529 crore, while net interest margin stood at a healthy 4.30%. Asset quality improved sequentially, and the stock is hovering near ₹1,380 following some profit booking earlier in the month.

Key Metrics: 

• EPS: ₹18.71
• Return on Equity: 17.04%

Axis Bank

Axis Bank saw a 26% year-on-year drop in Q2 net profit, mainly due to higher provisions. Despite this, net interest income and loan growth remained strong. Positive credit metrics have supported the stock, which trades near ₹1,270.

Key Metrics:

• EPS: ₹17.82
• Return on Equity: 16.25%

Kotak Mahindra Bank

Kotak Mahindra Bank share price gained 23.5% year-to-date and 6.9% over the past month. The company is set to announce its Q2 FY26 financial results in a board meeting on Saturday, October 25. 

In the previous quarter, the bank had reported a 6% Y-O-Y growth in net interest income while net advances had grown 15.8% to ₹4.40 lakh crore. 

Key Metrics:

• EPS: ₹22.49
• Return on Equity: 15.39%

HDFC Bank

The country’s largest private sector lender has posted a standalone net profit of ₹18,641 crore, up 10.8% year-on-year. Loan growth remained healthy, increasing 4.5% quarter-on-quarter and 10% year-on-year, supported by lower core credit costs due to a one-time upgrade. Although margins contracted slightly by 10 basis points, the bank’s asset quality showed sequential improvement, reflecting continued financial stability.

Key Metrics:

• EPS: ₹12.78
• Return on Equity: 14.05%

Read more: NPCI Launches AI-Powered “UPI Help” to Assist Users with Digital Payments.

Conclusion

November 2025 is shaping up to be exciting for bank stocks, with PNB, ICICI, Axis, Kotak Mahindra, and HDFC showing strong growth and solid financials. While past performance is promising, it is better to balance returns with risk. If you’re keen to ride the banking wave, your demat account can be your best ally; making it easy to buy, hold, and track these top performers as India’s banking sector continues to evolve and surprise.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.