The table below shows the best banking stocks in India 2024 based on the highest market capitalization.
Stock Name | Market Cap | Close Price |
HDFC Bank Ltd | 1,096,118.89 | 1,442.85 |
ICICI Bank Ltd | 765,550.41 | 1,090.30 |
State Bank of India | 666,400.77 | 746.70 |
Kotak Mahindra Bank Ltd | 353,134.27 | 1,776.40 |
Axis Bank Ltd | 318,850.03 | 1,033.30 |
Punjab National Bank | 135,160.22 | 122.75 |
Bank of Baroda Ltd | 134,351.99 | 259.80 |
Indusind Bank Ltd | 117,687.63 | 1,512.10 |
Union Bank of India Ltd | 113,053.70 | 148.10 |
Indian Overseas Bank | 112,563.86 | 59.55 |
Banks in India are poised for growth, given the increasing use of technology and the growing middle class, which is expected to drive demand for banking services. Investing in banking stocks can provide several benefits to you as an investor, including:
- Potential for solid returns: Banking stocks can generate strong returns for investors over the long term, mainly if they invest in well-managed banks with solid fundamentals.
- Diversification: Investing in banking stocks can diversify your portfolio, as banks are a vital part of the economy and have exposure to several sectors.
- Dividend income: Many banks in India pay regular dividends to their shareholders, providing a steady income stream for investors.
Content:
- Best Bank Stocks to Buy – 1 Year Return
- Best Bank Stocks – 1M Month
- Top 10 Bank Stocks In India – Daily Volume
- Best Banking Stocks in India – PE Ratio
- Short Introduction to the Best Banking Stocks in India
Best Bank Stocks to Buy
The list below shows the best bank stocks to buy in India based on the 1 Year return.
Banking Stocks | Market Cap | Close Price | 1 Year Return |
Dhanlaxmi Bank Ltd | 1,105.66 | 43.70 | 191.33 |
Jammu and Kashmir Bank Ltd | 14,381.44 | 130.60 | 165.18 |
Punjab National Bank | 135,160.22 | 122.75 | 156.53 |
Indian Overseas Bank | 112,563.86 | 59.55 | 156.13 |
Central Bank of India Ltd | 51,434.57 | 59.25 | 147.39 |
Bank of Maharashtra Ltd | 42,382.02 | 59.85 | 138.92 |
Punjab & Sind Bank | 40,293.94 | 59.45 | 130.43 |
Union Bank of India Ltd | 113,053.70 | 148.10 | 125.08 |
UCO Bank | 61,573.18 | 51.50 | 107.24 |
Canara Bank Ltd | 103,976.88 | 573.15 | 101.21 |
Best Bank Stocks
The list below shows the best bank stocks based on the 1 Month Return.
Banking Stocks | Market Cap | Close Price | 1 Month Return |
ICICI Bank Ltd | 765,550.41 | 1,090.30 | 2.62 |
HDFC Bank Ltd | 1,096,118.89 | 1,442.85 | 1.81 |
Kotak Mahindra Bank Ltd | 353,134.27 | 1,776.40 | 1.67 |
Union Bank of India Ltd | 113,053.70 | 148.10 | 0.48 |
City Union Bank Ltd | 10,032.40 | 135.45 | -0.89 |
Canara Bank Ltd | 103,976.88 | 573.15 | -1.42 |
Indusind Bank Ltd | 117,687.63 | 1,512.10 | -1.76 |
CSB Bank Ltd | 5,846.26 | 346.90 | -2.56 |
Federal Bank Ltd | 36,428.68 | 149.60 | -3.01 |
Bank of Maharashtra Ltd | 42,382.02 | 59.85 | -3.12 |
Coming to the next section of the article, you may find one more list of banking stocks to be considered. Please keep reading to know more about it.
These were the best bank stocks based on the High volume stocks over the past year. You may also check out the High Volume stocks in India across all sectors by clicking here.
Looking for the Best Stocks in different sectors? Check out the following articles:
Top 10 Bank Stocks In India
The list below shows the Top 10 Bank Stocks In India based on the highest Daily Volume.
Banking Stocks | Market Cap | Close Price | Highest Volume |
Yes Bank Ltd | 68,755.24 | 23.90 | 261,281,861.00 |
Punjab National Bank | 135,160.22 | 122.75 | 35,001,868.00 |
South Indian Bank Ltd | 7,573.11 | 28.95 | 26,150,382.00 |
HDFC Bank Ltd | 1,096,118.89 | 1,442.85 | 22,990,163.00 |
IDFC First Bank Ltd | 55,180.76 | 78.05 | 22,341,514.00 |
Union Bank of India Ltd | 113,053.70 | 148.10 | 18,104,178.00 |
ICICI Bank Ltd | 765,550.41 | 1,090.30 | 17,214,415.00 |
Bank of Maharashtra Ltd | 42,382.02 | 59.85 | 15,830,308.00 |
State Bank of India | 666,400.77 | 746.70 | 15,535,921.00 |
Central Bank of India Ltd | 51,434.57 | 59.25 | 14,903,892.00 |
Best Banking Stocks in India
The list below shows the best banking stocks in India based on the PE Ratio.
Stock Name | Market Cap | Close Price | PE Ratio |
Karnataka Bank Ltd | 8,128.46 | 231.70 | 5.83 |
South Indian Bank Ltd | 7,573.11 | 28.95 | 6.65 |
Tamilnad Mercantile Bank Ltd | 7,322.17 | 462.40 | 6.74 |
Ujjivan Small Finance Bank Ltd | 9,029.90 | 46.10 | 7.09 |
DCB Bank Ltd | 3,777.11 | 120.75 | 7.1 |
Canara Bank Ltd | 103,976.88 | 573.15 | 7.29 |
Bank of Baroda Ltd | 134,351.99 | 259.80 | 7.31 |
Federal Bank Ltd | 36,428.68 | 149.60 | 9.37 |
Indian Bank | 65,927.15 | 489.45 | 9.4 |
City Union Bank Ltd | 10,032.40 | 135.45 | 10.28 |
Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:
Introduction to the Best Banking Stocks in India
Best Bank Stocks To Buy – 1 Year Return
Dhanlaxmi Bank Ltd
Dhanlaxmi Bank Limited, an Indian bank, offers a wide range of banking and financial services across segments including treasury operations, corporate/wholesale banking, retail banking, and other banking operations. Services include personal banking, corporate banking, NRI banking, micro and agri-banking, SME banking, and forex/trade finance services, catering to diverse customer needs.
Jammu and Kashmir Bank Ltd
Jammu and Kashmir Bank Ltd. is a prominent banking institution in the Union Territory of Jammu and Kashmir. The bank provides a wide range of banking and financial services, catering to the needs of the local population and contributing to the region’s economic development.
Punjab National Bank
Punjab National Bank (PNB) is an Indian bank operating in segments like Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. PNB offers a wide range of banking services, including personal and corporate banking, international services, and capital services.
Best Bank Stocks – 1 Month Return
ICICI Bank Ltd
ICICI Bank Limited, an Indian banking company, offers a range of banking and financial services. Its segments include retail banking, wholesale banking, treasury operations, other banking activities, life insurance, and others. Geographical segments cover domestic and foreign operations. Services encompass commercial banking, credit/debit cards, third-party product distribution, and subsidiary operations like insurance and leasing.
HDFC Bank Ltd
HDFC Bank Limited is a financial conglomerate offering a comprehensive range of services including banking, insurance, and mutual funds through its subsidiaries. It provides commercial and investment banking services, digital banking in its Retail Banking segment, and loans and transaction services to large corporates and financial institutions in its Wholesale Banking segment.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Limited is a non-banking financial company primarily focused on financing passenger cars, multi-utility vehicles, and consumer durables. Its segments include Vehicle Financing, Other Lending activities, and Treasury and Investment activities, offering a range of financial products such as home loans, personal loans, and savings accounts.
Best Bank Stocks – Highest Volume
Yes Bank Ltd
Yes Bank Ltd is a private sector bank that provides a wide array of banking and financial services, including retail banking, corporate banking, and wealth management. The bank aims to be a technology-driven and customer-centric institution, offering innovative financial solutions.
South Indian Bank Ltd
The South Indian Bank Limited offers banking and financial services through segments including Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Treasury segment manages investments and foreign exchange. Corporate/Wholesale Banking provides loans to corporates, while Retail Banking offers loans to non-corporate customers. Other Banking Operations include para banking activities. The bank operates numerous banking outlets and ATMs in India.
IDFC First Bank Ltd
IDFC FIRST Bank, an Indian banking firm, operates via segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. It manages investments, corporate loans, and offers retail loans to individuals and businesses through branches and ATMs across India.
Best Banking Stocks In India – PE Ratio
Karnataka Bank Ltd
Karnataka Bank Ltd is a private sector bank in India that offers customers a range of banking and financial services. The bank provides services such as retail banking, corporate banking, and treasury operations, aiming to meet the diverse financial needs of individuals and businesses.
Tamilnad Mercantile Bank Ltd
Tamilnad Mercantile Bank Limited offers a wide array of banking and financial services, including retail, corporate, and para-banking activities, along with treasury and foreign exchange operations. Its segments encompass Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The bank provides diverse banking products and services to retail, MSME, agricultural, and corporate clients.
Ujjivan Small Finance Bank Ltd
Ujjivan Small Finance Bank Limited operates through three segments: Treasury, Retail Banking, and Corporate/Wholesale Segments. The Treasury segment includes net interest earnings and investment operations. Retail Banking serves retail customers with lending and deposits, while Wholesale Banking offers loans to corporates and financial institutions. The bank provides various asset products and deposit accounts.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
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