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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

₹ 689.05

-3.85 (-0.56%)

Volume

6,90,732

Market Cap

₹51,605 Cr

52W Low

₹478.35

52W High

₹755.40

LTP

₹ 1,188.8

-9.00 (-0.75%)

Volume

47,26,958

Market Cap

₹3,71,104 Cr

52W Low

₹933.50

52W High

₹1,339.65

LTP

₹ 165.42

-2.80 (-1.66%)

Volume

69,44,904

Market Cap

₹27,097 Cr

52W Low

₹128.16

52W High

₹222.31

LTP

₹ 241.07

-0.23 (-0.10%)

Volume

91,57,439

Market Cap

₹1,24,733 Cr

52W Low

₹190.70

52W High

₹299.70

LTP

₹ 116.45

-1.51 (-1.28%)

Volume

75,75,867

Market Cap

₹53,676 Cr

52W Low

₹90.05

52W High

₹137.45

LTP

₹ 50.51

-0.73 (-1.42%)

Volume

1,09,34,299

Market Cap

₹39,412 Cr

52W Low

₹42.00

52W High

₹73.50

LTP

₹ 106.81

-1.03 (-0.96%)

Volume

1,78,23,593

Market Cap

₹97,809 Cr

52W Low

₹78.60

52W High

₹128.90

LTP

₹ 294.65

0.05 (0.02%)

Volume

21,714

Market Cap

₹1,333 Cr

52W Low

₹250.00

52W High

₹370.70

LTP

₹ 36.83

0.02 (0.05%)

Volume

70,06,887

Market Cap

₹33,282 Cr

52W Low

₹32.75

52W High

₹73.00

LTP

₹ 194.97

-2.11 (-1.07%)

Volume

16,28,529

Market Cap

₹14,594 Cr

52W Low

₹130.40

52W High

₹197.57

LTP

₹ 353.75

-2.40 (-0.67%)

Volume

2,58,006

Market Cap

₹6,178 Cr

52W Low

₹272.75

52W High

₹403.20

LTP

₹ 138.61

-1.44 (-1.03%)

Volume

15,93,456

Market Cap

₹4,408 Cr

52W Low

₹101.41

52W High

₹145.90

LTP

₹ 29.9

-0.56 (-1.84%)

Volume

5,24,228

Market Cap

₹1,201 Cr

52W Low

₹22.00

52W High

₹37.57

LTP

₹ 64.27

-0.27 (-0.42%)

Volume

16,53,578

Market Cap

₹7,360 Cr

52W Low

₹52.52

52W High

₹107.80

LTP

₹ 30.05

0.02 (0.07%)

Volume

3,10,532

Market Cap

₹1,549 Cr

52W Low

₹24.31

52W High

₹57.00

LTP

₹ 201.05

0.23 (0.11%)

Volume

1,00,19,949

Market Cap

₹49,286 Cr

52W Low

₹148.00

52W High

₹217.00

LTP

₹ 246.75

-3.33 (-1.33%)

Volume

1,22,931

Market Cap

₹2,081 Cr

52W Low

₹200.00

52W High

₹467.00

LTP

₹ 1,919.3

-7.50 (-0.39%)

Volume

1,04,92,769

Market Cap

₹14,75,401 Cr

52W Low

₹1,448.15

52W High

₹1,978.90

LTP

₹ 1,442.3

-2.40 (-0.17%)

Volume

71,36,736

Market Cap

₹10,30,120 Cr

52W Low

₹1,051.05

52W High

₹1,459.70

LTP

₹ 93.33

-1.19 (-1.26%)

Volume

2,16,50,454

Market Cap

₹1,01,449 Cr

52W Low

₹65.89

52W High

₹107.90

LTP

₹ 66.88

0.21 (0.31%)

Volume

1,38,52,539

Market Cap

₹48,854 Cr

52W Low

₹52.46

52W High

₹84.50

LTP

₹ 592.15

-9.55 (-1.59%)

Volume

16,42,978

Market Cap

₹81,013 Cr

52W Low

₹473.90

52W High

₹632.70

LTP

₹ 37.67

-0.03 (-0.08%)

Volume

57,08,941

Market Cap

₹72,713 Cr

52W Low

₹33.50

52W High

₹75.55

LTP

₹ 785.75

15.80 (2.05%)

Volume

4,31,98,831

Market Cap

₹60,073 Cr

52W Low

₹606.00

52W High

₹1,550.00

LTP

₹ 100.56

-1.33 (-1.31%)

Volume

16,15,794

Market Cap

₹11,220 Cr

52W Low

₹86.61

52W High

₹137.75

LTP

₹ 489.65

-2.30 (-0.47%)

Volume

93,188

Market Cap

₹5,166 Cr

52W Low

₹363.80

52W High

₹760.90

LTP

₹ 197.3

-1.07 (-0.54%)

Volume

6,73,379

Market Cap

₹7,498 Cr

52W Low

₹162.20

52W High

₹245.00

LTP

₹ 221.62

-4.91 (-2.17%)

Volume

12,56,419

Market Cap

₹18,219 Cr

52W Low

₹164.10

52W High

₹246.00

LTP

₹ 2,068.4

-2.90 (-0.14%)

Volume

32,17,463

Market Cap

₹4,11,866 Cr

52W Low

₹1,602.45

52W High

₹2,301.90

LTP

₹ 30.48

-0.28 (-0.91%)

Volume

21,78,302

Market Cap

₹21,826 Cr

52W Low

₹25.22

52W High

₹73.64

LTP

₹ 100.38

-1.52 (-1.49%)

Volume

1,82,88,040

Market Cap

₹1,17,056 Cr

52W Low

₹85.46

52W High

₹138.60

LTP

₹ 207.5

-0.34 (-0.16%)

Volume

29,17,197

Market Cap

₹12,641 Cr

52W Low

₹146.10

52W High

₹270.39

LTP

₹ 28.53

-0.11 (-0.38%)

Volume

1,47,16,543

Market Cap

₹7,488 Cr

52W Low

₹22.27

52W High

₹29.55

LTP

₹ 785.5

-1.60 (-0.20%)

Volume

72,32,709

Market Cap

₹7,02,546 Cr

52W Low

₹680.00

52W High

₹912.00

LTP

₹ 125.1

-1.08 (-0.86%)

Volume

1,07,830

Market Cap

₹1,343 Cr

52W Low

₹97.97

52W High

₹212.75

LTP

₹ 449.3

-1.05 (-0.23%)

Volume

61,562

Market Cap

₹7,127 Cr

52W Low

₹401.00

52W High

₹513.55

LTP

₹ 30.82

-0.18 (-0.58%)

Volume

55,99,692

Market Cap

₹38,873 Cr

52W Low

₹26.81

52W High

₹62.35

LTP

₹ 44.46

0.12 (0.27%)

Volume

51,87,243

Market Cap

₹8,594 Cr

52W Low

₹30.88

52W High

₹54.70

LTP

₹ 139.94

0.48 (0.34%)

Volume

1,10,33,757

Market Cap

₹1,06,451 Cr

52W Low

₹100.81

52W High

₹172.50

LTP

₹ 23.48

0.03 (0.13%)

Volume

9,31,490

Market Cap

₹2,587 Cr

52W Low

₹21.25

52W High

₹55.50

LTP

₹ 20.98

0.00 (0.00%)

Volume

8,16,10,219

Market Cap

₹65,817 Cr

52W Low

₹16.02

52W High

₹27.44

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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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