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Bank Stocks

India's banking sector, comprised of various financial institutions, offers a wide array of services to individuals and businesses. With innovative models and initiatives like Jan Dhan Yojana, the sector has expanded its reach, evident in the significant rise in bank account penetration. The Indian fintech industry is poised for substantial growth, reflecting the country's evolving digital payments landscape. Before investing, consider regulatory dynamics, economic conditions, technological advancements, and macroeconomic trends. Top banking stocks offer potential for long-term growth amidst this dynamic environment, presenting opportunities for investors to capitalise on India's banking sector growth. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 706.05

-12.65 (-1.76%)

Volume

15,19,343

Market Cap

₹53,541 Cr

52W Low

₹478.35

52W High

₹841.00

LTP

₹ 1,144.4

8.50 (0.75%)

Volume

76,89,900

Market Cap

₹3,52,449 Cr

52W Low

₹933.50

52W High

₹1,281.65

LTP

₹ 163.19

-3.89 (-2.33%)

Volume

63,41,146

Market Cap

₹26,927 Cr

52W Low

₹128.16

52W High

₹215.44

LTP

₹ 251.14

-0.94 (-0.37%)

Volume

84,47,174

Market Cap

₹1,30,344 Cr

52W Low

₹190.70

52W High

₹266.95

LTP

₹ 120.35

-0.12 (-0.10%)

Volume

71,26,572

Market Cap

₹54,837 Cr

52W Low

₹90.05

52W High

₹130.24

LTP

₹ 57.24

-0.08 (-0.14%)

Volume

96,02,091

Market Cap

₹44,080 Cr

52W Low

₹42.00

52W High

₹63.45

LTP

₹ 118.87

1.11 (0.94%)

Volume

3,15,09,156

Market Cap

₹1,06,762 Cr

52W Low

₹78.60

52W High

₹119.72

LTP

₹ 288

0.00 (0.00%)

Volume

10,249

Market Cap

₹1,304 Cr

52W Low

₹250.00

52W High

₹330.65

LTP

₹ 37.8

-0.40 (-1.05%)

Volume

61,36,887

Market Cap

₹34,567 Cr

52W Low

₹32.75

52W High

₹61.90

LTP

₹ 206.6

-5.31 (-2.51%)

Volume

10,90,374

Market Cap

₹15,703 Cr

52W Low

₹142.91

52W High

₹232.55

LTP

₹ 347.8

-2.80 (-0.80%)

Volume

2,70,812

Market Cap

₹6,077 Cr

52W Low

₹272.75

52W High

₹445.60

LTP

₹ 129.16

-1.05 (-0.81%)

Volume

7,94,715

Market Cap

₹4,106 Cr

52W Low

₹101.41

52W High

₹150.79

LTP

₹ 26.01

-0.21 (-0.80%)

Volume

3,76,298

Market Cap

₹1,036 Cr

52W Low

₹22.00

52W High

₹36.52

LTP

₹ 56.55

0.25 (0.44%)

Volume

31,61,548

Market Cap

₹6,423 Cr

52W Low

₹50.00

52W High

₹83.66

LTP

₹ 29.25

-1.00 (-3.31%)

Volume

4,71,153

Market Cap

₹1,556 Cr

52W Low

₹24.31

52W High

₹50.95

LTP

₹ 195

-2.92 (-1.48%)

Volume

52,21,899

Market Cap

₹48,667 Cr

52W Low

₹172.66

52W High

₹220.00

LTP

₹ 279

4.20 (1.53%)

Volume

1,43,553

Market Cap

₹2,284 Cr

52W Low

₹200.00

52W High

₹446.45

LTP

₹ 964.2

-2.70 (-0.28%)

Volume

1,08,54,415

Market Cap

₹14,84,816 Cr

52W Low

₹806.50

52W High

₹1,018.85

LTP

₹ 1,401.5

-0.70 (-0.05%)

Volume

88,47,948

Market Cap

₹10,01,654 Cr

52W Low

₹1,186.00

52W High

₹1,500.00

LTP

₹ 93.2

-0.56 (-0.60%)

Volume

71,35,255

Market Cap

₹1,00,868 Cr

52W Low

₹65.89

52W High

₹106.32

LTP

₹ 70.92

-0.83 (-1.16%)

Volume

1,65,94,479

Market Cap

₹52,645 Cr

52W Low

₹52.46

52W High

₹78.45

LTP

₹ 704.55

3.05 (0.43%)

Volume

8,96,663

Market Cap

₹94,449 Cr

52W Low

₹473.90

52W High

₹712.00

LTP

₹ 39.84

-1.04 (-2.54%)

Volume

1,07,88,236

Market Cap

₹78,914 Cr

52W Low

₹33.50

52W High

₹61.80

LTP

₹ 734.3

-10.10 (-1.36%)

Volume

18,84,250

Market Cap

₹57,909 Cr

52W Low

₹606.00

52W High

₹1,490.85

LTP

₹ 104.3

-1.31 (-1.24%)

Volume

15,18,909

Market Cap

₹11,627 Cr

52W Low

₹86.61

52W High

₹117.25

LTP

₹ 465.25

4.05 (0.88%)

Volume

1,74,618

Market Cap

₹4,844 Cr

52W Low

₹363.80

52W High

₹598.00

LTP

₹ 174.21

-1.68 (-0.96%)

Volume

8,54,409

Market Cap

₹6,652 Cr

52W Low

₹162.20

52W High

₹243.20

LTP

₹ 212.85

-4.33 (-1.99%)

Volume

9,99,292

Market Cap

₹20,972 Cr

52W Low

₹154.62

52W High

₹231.25

LTP

₹ 2,021.7

-9.30 (-0.46%)

Volume

26,45,982

Market Cap

₹4,03,764 Cr

52W Low

₹1,679.05

52W High

₹2,301.90

LTP

₹ 30.04

-0.40 (-1.31%)

Volume

12,86,505

Market Cap

₹21,613 Cr

52W Low

₹25.22

52W High

₹57.94

LTP

₹ 113.04

-0.26 (-0.23%)

Volume

1,68,31,733

Market Cap

₹1,30,215 Cr

52W Low

₹85.46

52W High

₹115.71

LTP

₹ 271

0.00 (0.00%)

Volume

2,43,47,660

Market Cap

₹16,619 Cr

52W Low

₹146.10

52W High

₹279.00

LTP

₹ 29.55

-0.30 (-1.01%)

Volume

60,71,923

Market Cap

₹7,798 Cr

52W Low

₹22.27

52W High

₹32.25

LTP

₹ 855.25

-7.10 (-0.82%)

Volume

65,94,034

Market Cap

₹7,95,910 Cr

52W Low

₹680.00

52W High

₹875.45

LTP

₹ 132.16

-0.95 (-0.71%)

Volume

1,06,015

Market Cap

₹1,418 Cr

52W Low

₹97.97

52W High

₹190.20

LTP

₹ 430.35

-5.30 (-1.22%)

Volume

43,147

Market Cap

₹6,888 Cr

52W Low

₹401.00

52W High

₹513.55

LTP

₹ 30.76

-0.29 (-0.93%)

Volume

1,03,36,452

Market Cap

₹38,923 Cr

52W Low

₹26.81

52W High

₹52.00

LTP

₹ 44.77

-1.02 (-2.23%)

Volume

90,23,507

Market Cap

₹8,882 Cr

52W Low

₹30.88

52W High

₹51.87

LTP

₹ 138.5

-1.80 (-1.28%)

Volume

74,68,413

Market Cap

₹1,07,099 Cr

52W Low

₹100.81

52W High

₹158.65

LTP

₹ 21.94

-0.31 (-1.39%)

Volume

10,43,314

Market Cap

₹2,455 Cr

52W Low

₹19.90

52W High

₹48.00

LTP

₹ 21.21

0.04 (0.19%)

Volume

11,17,36,439

Market Cap

₹66,443 Cr

52W Low

₹16.02

52W High

₹23.39

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About the Banking Sector

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.

Future Outlook of the Banking Sector in India

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.

Things To Consider Before Investing in the Banking Sector

  • Regulatory environment: Assess the regulatory landscape governing the banking industry. Evaluate the government policies impacting the sector.
  • Economic conditions: It is important to evaluate the interest rates and overall economic conditions. Check how the economic conditions can impact the bank’s profitability.
  • Technology and innovation: Assess the level of technological intervention within the sector, and banks must keep themselves updated with these changes to satisfy their customers and attract new ones.
  • Macroeconomic trends: Monitor broader economic trends that can impact the banking sector. Stay updated on factors like inflation, GDP growth, and monetary policies.

How To Invest in Banking Stocks?

Investing in Banking stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired Banking stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  • To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are banking sector stocks?

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.

Which are the top stocks from the banking sector in terms of market cap?

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.

How to evaluate banking sector stocks?

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.

Why should you invest in banking stocks?

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.

Which are the best banking sector stocks to invest in?

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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