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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

₹ 708.3

-13.25 (-1.84%)

Volume

31,78,457

Market Cap

₹53,814 Cr

52W Low

₹478.35

52W High

₹841.00

LTP

₹ 1,056.2

-5.30 (-0.50%)

Volume

49,33,541

Market Cap

₹3,29,282 Cr

52W Low

₹933.50

52W High

₹1,281.65

LTP

₹ 162.04

0.70 (0.43%)

Volume

34,64,110

Market Cap

₹25,977 Cr

52W Low

₹128.16

52W High

₹215.44

LTP

₹ 236.67

2.25 (0.96%)

Volume

37,98,598

Market Cap

₹1,21,398 Cr

52W Low

₹190.70

52W High

₹266.95

LTP

₹ 112.92

1.03 (0.92%)

Volume

42,19,395

Market Cap

₹50,922 Cr

52W Low

₹90.05

52W High

₹130.24

LTP

₹ 52.46

0.45 (0.87%)

Volume

48,10,539

Market Cap

₹40,035 Cr

52W Low

₹42.00

52W High

₹63.45

LTP

₹ 106.16

1.02 (0.97%)

Volume

91,79,806

Market Cap

₹95,378 Cr

52W Low

₹78.60

52W High

₹119.30

LTP

₹ 281.9

-4.30 (-1.50%)

Volume

68,418

Market Cap

₹1,296 Cr

52W Low

₹250.00

52W High

₹330.65

LTP

₹ 35.37

0.32 (0.91%)

Volume

44,79,764

Market Cap

₹31,725 Cr

52W Low

₹32.75

52W High

₹61.90

LTP

₹ 201.54

4.21 (2.13%)

Volume

6,04,246

Market Cap

₹14,624 Cr

52W Low

₹142.91

52W High

₹232.55

LTP

₹ 371.2

-2.40 (-0.64%)

Volume

4,40,153

Market Cap

₹6,481 Cr

52W Low

₹272.75

52W High

₹445.60

LTP

₹ 123.75

0.76 (0.62%)

Volume

7,42,975

Market Cap

₹3,870 Cr

52W Low

₹101.41

52W High

₹150.79

LTP

₹ 25.18

0.23 (0.92%)

Volume

5,98,491

Market Cap

₹986 Cr

52W Low

₹22.00

52W High

₹36.52

LTP

₹ 51.32

0.48 (0.94%)

Volume

29,71,453

Market Cap

₹5,804 Cr

52W Low

₹50.00

52W High

₹86.90

LTP

₹ 29.34

0.34 (1.17%)

Volume

1,95,816

Market Cap

₹1,493 Cr

52W Low

₹24.31

52W High

₹51.16

LTP

₹ 193.56

-0.02 (-0.01%)

Volume

30,69,260

Market Cap

₹47,590 Cr

52W Low

₹172.66

52W High

₹220.00

LTP

₹ 282.2

-2.70 (-0.95%)

Volume

2,67,835

Market Cap

₹2,377 Cr

52W Low

₹200.00

52W High

₹467.00

LTP

₹ 944.5

-6.10 (-0.64%)

Volume

1,41,96,320

Market Cap

₹14,59,712 Cr

52W Low

₹806.50

52W High

₹1,018.85

LTP

₹ 1,394.2

-16.80 (-1.19%)

Volume

71,63,073

Market Cap

₹10,07,360 Cr

52W Low

₹1,186.00

52W High

₹1,500.00

LTP

₹ 89.18

2.13 (2.45%)

Volume

94,98,444

Market Cap

₹93,578 Cr

52W Low

₹65.89

52W High

₹106.32

LTP

₹ 69.49

0.55 (0.80%)

Volume

1,51,82,005

Market Cap

₹50,579 Cr

52W Low

₹52.46

52W High

₹78.45

LTP

₹ 664.05

-4.45 (-0.67%)

Volume

4,86,773

Market Cap

₹90,011 Cr

52W Low

₹473.90

52W High

₹683.10

LTP

₹ 39.97

1.10 (2.83%)

Volume

2,05,38,172

Market Cap

₹74,793 Cr

52W Low

₹33.50

52W High

₹61.80

LTP

₹ 751.2

-1.65 (-0.22%)

Volume

13,30,606

Market Cap

₹58,641 Cr

52W Low

₹606.00

52W High

₹1,498.00

LTP

₹ 102.65

2.47 (2.47%)

Volume

15,22,124

Market Cap

₹11,017 Cr

52W Low

₹86.61

52W High

₹117.25

LTP

₹ 491.15

0.55 (0.11%)

Volume

1,92,514

Market Cap

₹5,164 Cr

52W Low

₹363.80

52W High

₹606.60

LTP

₹ 175.35

0.85 (0.49%)

Volume

7,78,994

Market Cap

₹6,598 Cr

52W Low

₹162.20

52W High

₹243.20

LTP

₹ 210.01

0.91 (0.44%)

Volume

14,68,476

Market Cap

₹20,291 Cr

52W Low

₹154.62

52W High

₹231.25

LTP

₹ 1,942.5

-26.10 (-1.33%)

Volume

25,83,419

Market Cap

₹3,91,272 Cr

52W Low

₹1,679.05

52W High

₹2,301.90

LTP

₹ 28.62

0.40 (1.42%)

Volume

14,69,812

Market Cap

₹20,017 Cr

52W Low

₹25.22

52W High

₹59.99

LTP

₹ 102.86

0.57 (0.56%)

Volume

78,52,890

Market Cap

₹1,17,573 Cr

52W Low

₹85.46

52W High

₹117.49

LTP

₹ 269.3

4.40 (1.66%)

Volume

1,15,39,140

Market Cap

₹16,225 Cr

52W Low

₹146.10

52W High

₹272.88

LTP

₹ 29.48

0.04 (0.14%)

Volume

36,62,470

Market Cap

₹7,703 Cr

52W Low

₹22.27

52W High

₹32.25

LTP

₹ 803.9

-2.15 (-0.27%)

Volume

50,75,460

Market Cap

₹7,43,895 Cr

52W Low

₹680.00

52W High

₹875.45

LTP

₹ 124.37

1.81 (1.48%)

Volume

76,937

Market Cap

₹1,299 Cr

52W Low

₹97.97

52W High

₹191.54

LTP

₹ 422.35

-0.25 (-0.06%)

Volume

84,041

Market Cap

₹6,699 Cr

52W Low

₹401.00

52W High

₹513.55

LTP

₹ 28.88

0.31 (1.09%)

Volume

83,84,171

Market Cap

₹35,851 Cr

52W Low

₹26.81

52W High

₹52.00

LTP

₹ 43.07

-0.24 (-0.55%)

Volume

42,40,312

Market Cap

₹8,394 Cr

52W Low

₹30.88

52W High

₹51.87

LTP

₹ 127.56

-0.60 (-0.47%)

Volume

38,55,316

Market Cap

₹97,863 Cr

52W Low

₹100.81

52W High

₹158.65

LTP

₹ 21.13

0.32 (1.54%)

Volume

17,71,368

Market Cap

₹2,297 Cr

52W Low

₹19.90

52W High

₹50.10

LTP

₹ 19.55

0.00 (0.00%)

Volume

7,18,24,126

Market Cap

₹61,327 Cr

52W Low

₹16.02

52W High

₹24.41

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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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