Best Banking Stocks in India 2023

September 8, 2023

Best Banking Stocks in India 2023

The table below shows the best banking stocks in India 2023 based on the highest market capitalization: 

Banking Stocks ListMarket CapClose Price
HDFC Bank Ltd11,92,638.591,574.70
ICICI Bank Ltd6,78,146.20968.70
State Bank of India5,08,301.27569.55
Kotak Mahindra Bank Ltd3,52,516.461,771.10
Axis Bank Ltd3,05,363.53991.15
Indusind Bank Ltd1,09,996.101,416.55
Bank of Baroda Ltd98,566.16190.6
Punjab National Bank72,012.0465.4
IDBI Bank Ltd64,568.1860.05
Union Bank of India Ltd63,820.1586.10

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

The list below shows the best bank stocks to buy in India based on the 1 Year return.

Banking StocksMarket CapClose Price1 Year Return
Karnataka Bank Ltd6,820.90218.10191.77
South Indian Bank Ltd4,865.6223.25183.54
Jammu and Kashmir Bank Ltd9,169.8688.9179.56
UCO Bank37,302.5931.2160.00
Ujjivan Small Finance Bank Ltd9,540.6548.8133.49
Punjab & Sind Bank23,586.7034.8120.95
Bank of Maharashtra Ltd27,157.0738.35111.29
Union Bank of India Ltd63,820.1586.1102.11
Dhanlaxmi Bank Ltd602.1723.899.16
RBL Bank Ltd14,299.32238.0594.88

Best Bank Stocks

The list below shows the best bank stocks based on the 1 Month Return.

Banking StocksMarket CapClose Price1 Month Return
Jammu and Kashmir Bank Ltd9,169.8688.928.01
Tamilnad Mercantile Bank Ltd8,660.24546.921.2
South Indian Bank Ltd4,865.6223.2515.1
Central Bank of India Ltd30,339.8834.9514.59
Bank of Maharashtra Ltd27,157.0738.3512.79
Indian Overseas Bank56,896.2630.111.28
UCO Bank37,302.5931.210.44
Dhanlaxmi Bank Ltd602.1723.810.19
CSB Bank Ltd5,513.70327.259.41
Indian Bank46,965.59377.18.55

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:

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Best Auto Sector Stocks in India
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Fertilizer Stocks in India
Metal Stocks

Top 10 Bank Stocks In India

The list below shows the Top 10 Bank Stocks In India based on the highest Daily Volume.

Banking StocksMarket CapClose PriceHighest Volume
Yes Bank Ltd49,893.0617.3539,23,64,788.00
Punjab National Bank72,012.0465.4012,02,97,728.00
IDFC First Bank Ltd61,974.2793.408,88,35,098.00
South Indian Bank Ltd4,865.6223.253,15,91,143.00
Bank of Maharashtra Ltd27,157.0738.353,05,06,396.00
Union Bank of India Ltd63,820.1586.12,39,52,482.00
HDFC Bank Ltd11,92,638.591,574.702,16,13,388.00
State Bank of India5,08,301.27569.551,81,21,168.00
Indian Overseas Bank56,896.2630.11,74,03,307.00
UCO Bank37,302.5931.21,67,03,184.00

Best Banking Stocks in India

The list below shows the best banking stocks in India based on the PE Ratio.

Sl No.Banking Stocks ListClose PricePE Ratio
1Karnataka Bank Ltd218.104.74
2Canara Bank Ltd328.405.13
3Union Bank of India Ltd86.15.99
4Bank of Baroda Ltd190.606.16
5Jammu and Kashmir Bank Ltd88.906.29
6South Indian Bank Ltd23.256.45
7DCB Bank Ltd117.257.38
8Ujjivan Small Finance Bank Ltd48.87.81
9Indian Bank377.18.13
10Tamilnad Mercantile Bank Ltd546.908.2

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Introduction to the Best Banking Stocks in India

Best Bank Stocks To Buy – 1Year Return

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.

South Indian Bank Ltd

South Indian Bank Ltd is a private sector bank headquartered in Kerala, India. The bank offers various banking products and services, including personal banking, corporate banking, and trade finance. South Indian Bank aims to provide efficient and customer-centric banking solutions.

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.

Best Bank Stocks – 1 Month Return

Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Limited is a private Indian bank with operations in treasury, corporate, wholesale, and retail banking. They provide various banking products, online services, and foreign exchange services. Their secure mobile app, TMB DigiLobby, enables customers to access their accounts easily.

Central Bank of India Ltd

Central Bank of India Limited is an Indian commercial bank that provides a wide range of banking services, including digital banking, deposits, retail and corporate loans, services for NRIs, and pensioners. Their digital banking services offer convenient access, while they also cater to various financial needs through their loan offerings and specialized schemes for different customer segments.

Bank of Maharashtra Ltd

Bank of Maharashtra Ltd is a prominent public sector bank that provides a comprehensive range of banking and financial services. They offer various products, including savings accounts, loans, and NRI banking services. Bank of Maharashtra is known for its regional presence and commitment to rural development.

Top Banking Stocks In India – 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.

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.

IDFC First Bank Ltd

IDFC FIRST Bank Limited is an Indian bank with segments including Treasury, Corporate/Wholesale Banking, and Retail Banking. The Treasury segment involves investment portfolios, money market activities, and forex operations, while Retail Banking focuses on lending to individuals and businesses.

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.

Canara Bank Ltd

Canara Bank Limited, an India-based bank, operates in various segments, including Treasury, Retail Banking, Wholesale Banking, and more. It offers a wide range of services, from personal and corporate banking to deposit services, loans, and credit products.

Union Bank of India Ltd

Union Bank of India Limited, an India-based banking company, operates across segments like Treasury Operations, Corporate and Wholesale Banking. The bank offers a wide range of services, from personal and corporate loans to international banking and digital services.

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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