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LTP
-2.05 (-0.30%)
Volume
7,69,409
Market Cap
₹51,155 Cr
52W Low
₹478.35
52W High
₹755.40
LTP
-5.00 (-0.42%)
Volume
12,83,043
Market Cap
₹3,70,299 Cr
52W Low
₹933.50
52W High
₹1,339.65
LTP
1.87 (1.13%)
Volume
40,39,232
Market Cap
₹26,581 Cr
52W Low
₹128.16
52W High
₹222.31
LTP
1.55 (0.66%)
Volume
49,21,153
Market Cap
₹1,22,277 Cr
52W Low
₹190.70
52W High
₹299.70
LTP
0.51 (0.44%)
Volume
47,68,520
Market Cap
₹52,902 Cr
52W Low
₹90.05
52W High
₹137.45
LTP
-0.35 (-0.68%)
Volume
55,09,539
Market Cap
₹39,519 Cr
52W Low
₹42.00
52W High
₹73.50
LTP
-0.55 (-0.51%)
Volume
89,93,622
Market Cap
₹97,092 Cr
52W Low
₹78.60
52W High
₹128.90
LTP
0.15 (0.05%)
Volume
6,860
Market Cap
₹1,292 Cr
52W Low
₹250.00
52W High
₹370.70
LTP
-0.36 (-0.98%)
Volume
76,67,613
Market Cap
₹33,345 Cr
52W Low
₹32.75
52W High
₹73.00
LTP
2.77 (1.43%)
Volume
20,21,438
Market Cap
₹14,342 Cr
52W Low
₹130.40
52W High
₹197.50
LTP
-3.15 (-0.89%)
Volume
93,082
Market Cap
₹6,145 Cr
52W Low
₹272.75
52W High
₹403.20
LTP
0.37 (0.27%)
Volume
3,27,016
Market Cap
₹4,350 Cr
52W Low
₹101.41
52W High
₹145.90
LTP
-0.10 (-0.33%)
Volume
3,65,497
Market Cap
₹1,203 Cr
52W Low
₹22.00
52W High
₹37.57
LTP
-0.80 (-1.24%)
Volume
13,73,285
Market Cap
₹7,392 Cr
52W Low
₹52.52
52W High
₹107.80
LTP
0.14 (0.47%)
Volume
2,08,809
Market Cap
₹1,545 Cr
52W Low
₹24.31
52W High
₹57.00
LTP
1.79 (0.90%)
Volume
35,77,313
Market Cap
₹48,647 Cr
52W Low
₹148.00
52W High
₹217.00
LTP
0.53 (0.22%)
Volume
1,14,464
Market Cap
₹2,054 Cr
52W Low
₹200.00
52W High
₹467.00
LTP
13.70 (0.72%)
Volume
35,89,257
Market Cap
₹14,66,020 Cr
52W Low
₹1,448.15
52W High
₹1,978.90
LTP
5.70 (0.40%)
Volume
27,67,941
Market Cap
₹10,24,844 Cr
52W Low
₹1,051.05
52W High
₹1,459.70
LTP
-0.96 (-1.06%)
Volume
68,85,385
Market Cap
₹97,815 Cr
52W Low
₹65.89
52W High
₹107.90
LTP
-0.79 (-1.18%)
Volume
94,79,020
Market Cap
₹49,205 Cr
52W Low
₹52.46
52W High
₹84.50
LTP
-12.25 (-2.01%)
Volume
7,76,048
Market Cap
₹82,313 Cr
52W Low
₹473.90
52W High
₹632.70
LTP
-0.20 (-0.53%)
Volume
47,06,201
Market Cap
₹72,694 Cr
52W Low
₹33.50
52W High
₹75.55
LTP
-16.85 (-2.15%)
Volume
33,88,293
Market Cap
₹60,922 Cr
52W Low
₹606.00
52W High
₹1,550.00
LTP
0.10 (0.10%)
Volume
14,61,306
Market Cap
₹11,168 Cr
52W Low
₹86.61
52W High
₹137.75
LTP
-5.80 (-1.18%)
Volume
53,754
Market Cap
₹5,183 Cr
52W Low
₹363.80
52W High
₹760.90
LTP
-2.98 (-1.48%)
Volume
4,27,855
Market Cap
₹7,614 Cr
52W Low
₹162.20
52W High
₹245.00
LTP
-1.59 (-0.70%)
Volume
17,61,955
Market Cap
₹18,380 Cr
52W Low
₹164.10
52W High
₹246.00
LTP
-21.90 (-1.05%)
Volume
10,32,633
Market Cap
₹4,15,316 Cr
52W Low
₹1,602.45
52W High
₹2,301.90
LTP
-0.40 (-1.30%)
Volume
17,55,561
Market Cap
₹21,812 Cr
52W Low
₹25.22
52W High
₹73.64
LTP
0.65 (0.65%)
Volume
1,18,16,547
Market Cap
₹1,15,562 Cr
52W Low
₹85.46
52W High
₹138.60
LTP
-0.80 (-0.38%)
Volume
22,44,505
Market Cap
₹12,674 Cr
52W Low
₹146.10
52W High
₹270.39
LTP
-0.20 (-0.70%)
Volume
1,03,63,358
Market Cap
₹7,504 Cr
52W Low
₹22.27
52W High
₹29.55
LTP
-2.75 (-0.35%)
Volume
39,32,132
Market Cap
₹7,00,895 Cr
52W Low
₹680.00
52W High
₹912.00
LTP
0.11 (0.09%)
Volume
97,640
Market Cap
₹1,329 Cr
52W Low
₹97.97
52W High
₹212.75
LTP
-1.35 (-0.30%)
Volume
24,250
Market Cap
₹7,148 Cr
52W Low
₹401.00
52W High
₹513.55
LTP
-0.71 (-2.26%)
Volume
80,46,832
Market Cap
₹39,387 Cr
52W Low
₹26.81
52W High
₹62.35
LTP
-0.25 (-0.56%)
Volume
44,49,533
Market Cap
₹8,615 Cr
52W Low
₹30.88
52W High
₹54.70
LTP
-0.08 (-0.06%)
Volume
96,74,448
Market Cap
₹1,05,649 Cr
52W Low
₹100.81
52W High
₹172.50
LTP
-0.27 (-1.15%)
Volume
45,34,028
Market Cap
₹2,598 Cr
52W Low
₹21.25
52W High
₹55.50
LTP
-0.03 (-0.14%)
Volume
4,44,99,118
Market Cap
₹65,284 Cr
52W Low
₹16.02
52W High
₹27.44
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The banking sector refers to the network of financial institutions, like banks and other financial intermediaries, that offers a comprehensive range of financial services to individuals, governments and businesses. These services primarily include lending money through loans, accounts, deposit services, facilitating transactions and more.
According to the RBI, the banking sector in India is well-regulated and capitalised. Notably, the industry has embraced innovative banking models, including payments and small finance banks. Initiatives like the Pradhan Mantri Jan Dhan Yojana and post-payment banks have expanded the sector’s reach.
As of March 2023, the banking system contains 22 private and 12 public sector banks, 46 foreign banks, 1,485 urban cooperative banks, 96,000 rural cooperative banks and 56 regional rural banks. There are 14,74,548 ATMs overall in the country.
As of 2022, over 80% of the population in India has a bank account, while it was 17% in 2009. The banking industry in India has experienced growth aided by the strong economic growth, growing disposable incomes, rising consumerism and simple credit accessibility.
The Indian fintech industry is estimated to reach US$ 150 billion by 2025, positioning it as the world’s third-largest fintech ecosystem. The country boasts over 2,000 DPIIT-recognised Financial Technology (FinTech) businesses, which are showcasing rapid growth. The digital payments landscape in India has witnessed remarkable evolution, earning global recognition. India’s Immediate Payment Service (IMPS) ranks at level five in the Faster Payments Innovation Index (FPII), standing out among 25 countries. Additionally, India’s Unified Payments Interface (UPI) has revolutionised real-time payments, making strides to enhance its global footprint.
Investing in Banking stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Banking sector stocks are stocks of companies that are part of the banking industry. These companies include commercial banks, investment banks, and other financial institutions.
Based on the market cap, HDFC Bank Ltd (₹11,05,644.07 crore), ICICI Bank Ltd (₹7,01,004.41 crore), State Bank of India (₹5,51,808.76 crore) and Kotak Mahindra Bank Ltd (₹3,55,511.49 crore) are the top banking stocks in India. The data is as of January 25, 2024.
While analysing the banking sector stocks, you must check certain factors like business models, growth in deposits, their competition and the financial health of the company by using financial ratios like the efficiency ratio, the Price-to-Book (P/B) ratio, capital ratios, etc.
The banking sector can offer opportunities for long-term growth. Banks and financial institutions have the potential to profit from the economic growth of the country in which they function.
Bank of Maharashtra Ltd is the best banking stock in India. As of January 25, 2024, the company’s 5-year CAGR is 30.97%.
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