Best Banking Stocks in India
India’s banking sector is crucial for financial intermediation, credit allocation, and economic growth, comprising public, private, foreign, cooperative, and rural banks. Explore India’s top banking sector stocks in India.
Best Banking Stocks in India
Banking Stocks
List of Banking Stocks listed in NSE.
last updated at 6:30 AM IST
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5.00 to 1630244.97
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Showing 1 - 20 of 197 results
last updated at 6:30 AM IST
| NameStocks (197)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HDFC Bank LtdHDFCBANK | Private BanksPrivate Banks | 13,90,635.1413,90,635.14 | 1,757.701,757.70 | 21.7121.71 | 8.248.24 | 8.658.65 | 13.6513.65 | 2.962.96 | 16.8616.86 | 4.624.62 | |
| 2. | ICICI Bank LtdICICIBANK | Private BanksPrivate Banks | 9,50,991.029,50,991.02 | 1,287.551,287.55 | 21.4921.49 | 10.2110.21 | 4.354.35 | 18.4318.43 | 3.523.52 | 18.0218.02 | 6.536.53 | |
| 3. | State Bank of IndiaSBIN | Public BanksPublic Banks | 6,84,919.966,84,919.96 | 746.90746.90 | 10.2110.21 | 4.734.73 | -3.08-3.08 | -2.79-2.79 | 1.591.59 | 16.7216.72 | 5.125.12 | |
| 4. | Kotak Mahindra Bank LtdKOTAKBANK | Private BanksPrivate Banks | 4,23,879.204,23,879.20 | 2,037.852,037.85 | 23.2723.27 | 10.9510.95 | 13.8313.83 | 13.9513.95 | 3.263.26 | 15.0315.03 | 7.407.40 | |
| 5. | Axis Bank LtdAXISBANK | Private BanksPrivate Banks | 3,38,015.893,38,015.89 | 1,047.951,047.95 | 12.8112.81 | 5.005.00 | -8.53-8.53 | -2.61-2.61 | 2.152.15 | 18.3418.34 | 7.797.79 | |
| 6. | Bank of Baroda LtdBANKBARODA | Public BanksPublic Banks | 1,21,175.361,21,175.36 | 229.36229.36 | 6.466.46 | 13.0013.00 | -5.48-5.48 | -14.29-14.29 | 1.001.00 | 16.5516.55 | 8.428.42 | |
| 7. | Punjab National BankPNB | Public BanksPublic Banks | 1,11,033.321,11,033.32 | 94.9294.92 | 12.1912.19 | 6.316.31 | -7.00-7.00 | -28.58-28.58 | 1.001.00 | 8.508.50 | 6.416.41 | |
| 8. | Union Bank of India LtdUNIONBANK | Public BanksPublic Banks | 93,213.9693,213.96 | 117.93117.93 | 6.766.76 | 4.554.55 | 3.413.41 | -23.92-23.92 | 0.960.96 | 15.6415.64 | 11.9411.94 | |
| 9. | IDBI Bank LtdIDBI | Private BanksPrivate Banks | 84,288.0884,288.08 | 73.5473.54 | 14.5614.56 | 8.748.74 | -8.59-8.59 | -17.74-17.74 | 1.651.65 | 11.8511.85 | 9.659.65 | |
| 10. | Canara Bank LtdCANBK | Public BanksPublic Banks | 81,989.6281,989.62 | 87.1087.10 | 5.375.37 | 5.885.88 | -15.84-15.84 | -28.89-28.89 | 0.880.88 | 17.7617.76 | 8.988.98 | |
| 11. | Indian BankINDIANB | Public BanksPublic Banks | 73,550.9773,550.97 | 539.45539.45 | 8.748.74 | 3.613.61 | 4.014.01 | 0.380.38 | 1.221.22 | 15.3315.33 | 10.1210.12 | |
| 12. | Indian Overseas BankIOB | Public BanksPublic Banks | 70,922.0270,922.02 | 34.8334.83 | 26.6126.61 | -16.39-16.39 | -33.75-33.75 | -46.54-46.54 | 2.572.57 | 10.1710.17 | 5.215.21 | |
| 13. | Yes Bank LtdYESBANK | Private BanksPrivate Banks | 53,897.7253,897.72 | 16.8516.85 | 41.9441.94 | 1.421.42 | -20.74-20.74 | -31.92-31.92 | 1.281.28 | 3.103.10 | 1.101.10 | |
| 14. | Indusind Bank LtdINDUSINDBK | Private BanksPrivate Banks | 53,131.5153,131.51 | 675.90675.90 | 5.925.92 | -29.64-29.64 | -49.96-49.96 | -56.90-56.90 | 0.840.84 | 15.1915.19 | 9.129.12 | |
| 15. | Bank of India LtdBANKINDIA | Public BanksPublic Banks | 50,757.6950,757.69 | 105.77105.77 | 7.737.73 | 14.1614.16 | 0.240.24 | -26.65-26.65 | 0.720.72 | 10.0010.00 | 5.605.60 | |
| 16. | Federal Bank LtdFEDERALBNK | Private BanksPrivate Banks | 47,888.6747,888.67 | 190.81190.81 | 12.3412.34 | 7.527.52 | 3.593.59 | 23.5823.58 | 1.551.55 | 14.5314.53 | 7.987.98 | |
| 17. | IDFC First Bank LtdIDFCFIRSTB | Private BanksPrivate Banks | 42,329.1042,329.10 | 56.4956.49 | 14.3914.39 | 0.120.12 | -21.78-21.78 | -31.53-31.53 | 1.311.31 | 10.1210.12 | 4.034.03 | |
| 18. | UCO BankUCOBANK | Public BanksPublic Banks | 37,380.4337,380.43 | 28.0628.06 | 22.3622.36 | -20.06-20.06 | -37.03-37.03 | -49.71-49.71 | 1.371.37 | 6.336.33 | 4.254.25 | |
| 19. | Bank of Maharashtra LtdMAHABANK | Public BanksPublic Banks | 35,819.5735,819.57 | 43.6243.62 | 8.808.80 | -2.47-2.47 | -21.88-21.88 | -32.37-32.37 | 1.801.80 | 22.8422.84 | 11.9511.95 | |
| 20. | 360 One Wam Ltd360ONE | Investment Banking & BrokerageInvestment Banking & Brokerage | 33,385.7433,385.74 | 886.55886.55 | 41.5141.51 | -12.07-12.07 | -8.02-8.02 | 23.1123.11 | 9.689.68 | 24.4624.46 | 9.279.27 |
Overview of the Best Banking Stocks
HDFC Bank Ltd
HDFC Bank Ltd is one of India’s leading private bank stocks, offering a wide range of banking and financial services, including retail banking, wholesale banking, and treasury operations. Known for its innovative digital solutions, it serves millions of customers across urban and rural areas with customer-centric financial products.
ICICI Bank Ltd
ICICI Bank Ltd is a prominent name among top bank stocks in India. As a major private bank stock, it offers a broad portfolio of banking products and services like retail banking, corporate banking, and investment banking. With a focus on technology, the bank offers seamless digital banking solutions for personal and business needs.
State Bank of India
State Bank of India (SBI), India’s largest public sector bank, provides comprehensive banking solutions, including retail, corporate, and international banking services. Among the Nifty bank stocks with a vast network across the country, SBI supports financial inclusion, offering affordable financial products to diverse customer segments, including rural and urban communities.
Axis Bank Ltd
Axis Bank Ltd, part of India’s bank sector stocks, is known for offering diverse financial services, including retail, corporate, and wealth management solutions. As one of the fast-growing bank stocks, it leverages technology to provide innovative and efficient services, appealing to a broad base of retail and institutional customers.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd is another major private bank stock, involved in retail and corporate banking, investment banking, and asset management. With a customer-focused approach and digital initiatives, it has positioned itself among the best-performing bank stocks in India’s competitive financial ecosystem.
Advantages of Investing in Banking Stocks in India
Economic Growth Correlation
Banking stocks in India often correlate with economic growth. As the economy expands, the demand for banking services increases, potentially leading to higher profits for banks, influencing banking stock investment sentiment and valuations.
Technological Advancements
Investing in digital banking stocks that are leaders in technological advancements, such as HDFC Bank and Axis Bank, can offer growth opportunities. Banks that successfully leverage technology to enhance services and operational efficiency are likely to outperform their peers.
Regulatory Support
The Indian government and regulatory authorities have implemented policies to encourage banking sector growth, focusing on reducing NPAs and improving credit quality. These steps contribute to a positive outlook for financial stocks in the banking sector.
Financial Inclusion Initiatives
Government schemes aimed at increasing financial inclusion, such as Pradhan Mantri Jan Dhan Yojana (PMJDY), are expanding the customer base for banks. Increased access to banking services in rural and semi-urban areas will likely drive growth in bank sector stocks.
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Factors to Consider Before Investing in Banking Stocks
Economic Environment
Bank performance is closely tied to the economy. Robust growth boosts lending and profitability, while downturns can increase non-performing assets (NPAs).
Financial Health
Key indicators such as ROA, ROE, and Net Interest Margin help assess the strength of financial stocks, providing insights into a bank’s efficiency and capital utilisation.
Asset Quality
A critical factor in analysing bank sector stocks is the level of non-performing assets. Higher NPAs can weaken overall profitability and operational effectiveness.
Competitive Positioning
With rising competition from fintech firms and non-banking financial companies (NBFCs), even mid-cap banking stocks face pressure to innovate while maintaining profitability.
Economic Downturns
During slowdowns, loan demand decreases, NPAs rise, and even high-dividend banking stocks may see lower payouts if profitability declines.
Liquidity Risk
Banks rely on deposits and interbank lending for liquidity. A sudden withdrawal surge or financial crisis can strain liquidity, impacting operations.
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Frequently Asked Questions on Banking Stocks
1. Which are the top banking stocks in India by market capitalisation?
HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, and Axis Bank are among the top bank stocks in India by market capitalisation.2. What factors should investors consider when choosing banking stocks?
Investors should assess the bank's financial health, asset quality, profitability ratios, growth prospects, and market position.3. How does the Reserve Bank of India's classification of D-SIBs affect banks?
Banks classified as Domestic Systemically Important Banks (D-SIBs) are required to maintain additional capital buffers due to their significant impact on the financial system.4. Which public sector banks are among the top in India?
State Bank of India, Punjab National Bank, Bank of Baroda, and Canara Bank are among the top public sector bank stocks in India.5. What recent performance trends have been observed in Indian banking stocks?
Recent trends indicate strong trading sessions with notable gains in banks like ICICI Bank and State Bank of India, reflecting investor confidence.6. How do economic factors influence banking stocks in India?
Economic growth, interest rates, and regulatory policies significantly impact banking stocks, affecting loan demand, asset quality, and profitability.
