Among Indian public sector banks, Bank of Maharashtra currently stands out as the best in terms of reported asset quality on the latest available numbers.

1. PSU bank with the cleanest book (as of June 30, 2025)

- Bank of Maharashtra

- Gross NPA (GNPA): 1.74%

- Net NPA (NNPA): 0.18%

- Provision Coverage Ratio (PCR): ~98%

- Period: Q1 FY26 (June 30, 2025) (business-standard.com)

This combination of sub‑2% GNPA, sub‑0.2% NNPA and very high PCR is currently the best reported asset-quality profile among PSU banks.

2. Other PSU banks with very strong asset quality

- State Bank of India (SBI) – best among large PSBs by size

- GNPA: 1.82% (March 31, 2025)

- NNPA: 0.47%

- PCR: ~74% without AUCA; >92% with AUCA (sbi.bank.in)

- Indian Bank

- GNPA: 3.09% (March 31, 2025)

- NNPA: 0.19%

- PCR: ~98% (indianmasterminds.com)

- Bank of Baroda

- GNPA: ~2.26% (March 31, 2025)

- NNPA: ~0.58%

- PCR: ~93% (jmfinancialservices.in)

Interpretation (for analysis, not a recommendation)

- Pure asset-quality leader (small–mid PSU): Bank of Maharashtra – lowest GNPA & NNPA with very high coverage.

- Asset-quality leader among large PSU banks: SBI – sub‑2% GNPA on a very large book and low NNPA.

- Indian Bank and Bank of Baroda also sit in the top tier of PSU banks on asset quality, though their GNPA is modestly higher than Bank of Maharashtra/SBI.

These rankings can change with future quarters, so for investment decisions you should track GNPA, NNPA, PCR and slippage trends over multiple years, along with profitability and valuation. The above is an illustrative comparison, not investment advice.

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