How the PSU Bank Scorecard Works

The PSU Bank Scorecard compares India’s 12 public sector banks quarter by quarter, using figures taken from each bank’s own results filings and checked against the bank’s reported ratios before publishing.

Where the numbers come from

Each bank’s quarterly investor or analyst presentation, plus its standalone results statement for the balance sheet. Every bank page links to its exact source document. Figures are standalone, never consolidated. Staff numbers are permanent employees at 31 March from each bank’s Business Responsibility and Sustainability Report, held for the year.

How the figures are checked

Before any update is published, an automated check recalculates every figure it can and compares it with the bank’s own number: net interest income, operating profit, net profit, the movement of bad loans from opening to closing, gross and net NPA ratios, cost-to-income, CASA ratio, and whether loan segments and deposit types add up to the totals. An update that fails any check cannot be published.

Definitions used for every bank

Gross NPA %: gross NPAs divided by gross advances.
Provision coverage: gross NPA minus net NPA, as a share of gross NPA (excluding technical write-offs).
Cost-to-income: operating expenses divided by net interest income plus other income.
Credit cost: provisions other than tax, annualised, as a share of gross advances.
Slippage ratio: fresh slippages in the quarter, annualised, divided by the previous quarter’s standard advances. Banks each define their own slippage ratio differently (five different definitions across the 12), so the scorecard recalculates one.
CASA ratio: domestic current and savings deposits as a share of domestic deposits.
Business per employee: domestic deposits plus domestic advances, divided by permanent staff.
NIM, RoA, net NPA and CRAR: as reported by the bank, because they need average balances or capital details that filings do not publish in full.
Overall rank: the average of six subject ranks (growth, return on assets, gross NPA, capital adequacy, CASA ratio, cost-to-income).

Adjustments worth knowing

Several banks show provisions including income tax in their headline table; the scorecard always separates tax.
Some banks report cash recovery and upgradation of bad loans as one number; the scorecard shows them together for those banks.
Loan segments are domestic. Where a bank’s “corporate and others” figure includes overseas loans, the scorecard uses domestic advances minus retail, agriculture and MSME instead.
Where a bank does not publish a figure, the scorecard says so instead of estimating it.

This scorecard is for learning and comparison. It is not investment advice.