Best Banking Stocks in India 2023

Best Banking Stocks in India 2024

The table below shows the best banking stocks in India 2024 based on the highest market capitalization.

Stock NameMarket CapClose Price
HDFC Bank Ltd1,096,118.891,442.85
ICICI Bank Ltd765,550.411,090.30
State Bank of India666,400.77746.70
Kotak Mahindra Bank Ltd353,134.271,776.40
Axis Bank Ltd318,850.031,033.30
Punjab National Bank135,160.22122.75
Bank of Baroda Ltd134,351.99259.80
Indusind Bank Ltd117,687.631,512.10
Union Bank of India Ltd113,053.70148.10
Indian Overseas Bank112,563.8659.55

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

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

Banking StocksMarket CapClose Price1 Year Return
Dhanlaxmi Bank Ltd1,105.6643.70191.33
Jammu and Kashmir Bank Ltd14,381.44130.60165.18
Punjab National Bank135,160.22122.75156.53
Indian Overseas Bank112,563.8659.55156.13
Central Bank of India Ltd51,434.5759.25147.39
Bank of Maharashtra Ltd42,382.0259.85138.92
Punjab & Sind Bank40,293.9459.45130.43
Union Bank of India Ltd113,053.70148.10125.08
UCO Bank61,573.1851.50107.24
Canara Bank Ltd103,976.88573.15101.21

Best Bank Stocks

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

Banking StocksMarket CapClose Price1 Month Return
ICICI Bank Ltd765,550.411,090.302.62
HDFC Bank Ltd1,096,118.891,442.851.81
Kotak Mahindra Bank Ltd353,134.271,776.401.67
Union Bank of India Ltd113,053.70148.100.48
City Union Bank Ltd10,032.40135.45-0.89
Canara Bank Ltd103,976.88573.15-1.42
Indusind Bank Ltd117,687.631,512.10-1.76
CSB Bank Ltd5,846.26346.90-2.56
Federal Bank Ltd36,428.68149.60-3.01
Bank of Maharashtra Ltd42,382.0259.85-3.12

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:

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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 Ltd68,755.2423.90261,281,861.00
Punjab National Bank135,160.22122.7535,001,868.00
South Indian Bank Ltd7,573.1128.9526,150,382.00
HDFC Bank Ltd1,096,118.891,442.8522,990,163.00
IDFC First Bank Ltd55,180.7678.0522,341,514.00
Union Bank of India Ltd113,053.70148.1018,104,178.00
ICICI Bank Ltd765,550.411,090.3017,214,415.00
Bank of Maharashtra Ltd42,382.0259.8515,830,308.00
State Bank of India666,400.77746.7015,535,921.00
Central Bank of India Ltd51,434.5759.2514,903,892.00

Best Banking Stocks in India

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

Stock NameMarket CapClose PricePE Ratio
Karnataka Bank Ltd8,128.46231.705.83
South Indian Bank Ltd7,573.1128.956.65
Tamilnad Mercantile Bank Ltd7,322.17462.406.74
Ujjivan Small Finance Bank Ltd9,029.9046.107.09
DCB Bank Ltd3,777.11120.757.1
Canara Bank Ltd103,976.88573.157.29
Bank of Baroda Ltd134,351.99259.807.31
Federal Bank Ltd36,428.68149.609.37
Indian Bank65,927.15489.459.4
City Union Bank Ltd10,032.40135.4510.28

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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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