NIFTY Bank Gains Nearly 0.3% After IDBI Bank, HDFC Bank, PNB, and Others Post Q3FY26 Business Updates!

The NIFTY Bank index touched a new all-time high of 60,152.35 on Friday, January 2, 2026, surpassing its previous record of 60,114.30. The rally was led by HDFC Bank, whose shares climbed to an intraday high of ₹1,000.85 on the NSE. The momentum continued into Monday, with Bank Nifty trading 185.35 points higher at 60,336.30 at 11:04 AM, as banking stocks stayed in focus on the back of positive business updates from major lenders.

Latest Developments

• IDBI Bank: It reported 12% year-on-year growth in total business at ₹5.47 lakh crore in Q3FY26. Net advances rose 15% and deposits stood at ₹3.08 lakh crore, supporting positive sentiment.
• HDFC Bank: It signalled a return to double-digit loan growth, with gross advances up nearly 12% year-on-year and deposits growing 11.5%. CASA deposits also showed steady growth.
• Punjab National Bank: PNB posted 9.57% year-on-year growth in global business at ₹28.92 lakh crore. Advances and deposits both recorded healthy growth, pushing the stock towards its 52-week high.
• Bank of Baroda: It reported 12% year-on-year growth in global business, with advances rising 14.6% and deposits posting double-digit growth in the December quarter.
• YES Bank: It showed improvement in key ratios, with the credit-to-deposit ratio rising to 88% and liquidity coverage remaining above regulatory requirements.

Read more: DMart Share Price Slips After Q3FY25 Business Update Despite Reporting 13% Revenue Growth.

Conclusion

Bank Nifty’s climb to fresh record levels has been supported by broad-based performance across the banking sector. Healthy credit growth, stable deposit mobilisation, and improving balance sheet metrics across both public and private sector banks continue to boost investor confidence. If these trends persist, banking stocks are likely to remain a key driver of market strength in the near term.

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