Bank stocks likely to benefit after FM announces Kisan Credit Card scheme in budget 2025Bank stocks likely to benefit after FM announces Kisan Credit Card scheme in budget 2025

The Kisan Credit Card (KCC) scheme provides farmers with timely credit for agricultural needs at a subsidised rate. It helps cultivators, tenant farmers, and SHGs access hassle-free loans. The scheme also supports fishermen and dairy farmers.

In Budget 2025, the government increased the interest subvention limit on KCC loans from ₹3 lakh to ₹5 lakh. This move enhances rural credit availability and benefits banks. The credit guarantee cover for MSMEs was also expanded to improve loan accessibility.

Here are a few bank stocks that are likely to gain from the expanded Kisan Credit Card scheme: 

State Bank of India: 

On February 1, 2025, State Bank of India (BSE: SBIN) opened at ₹777.35, hit a high of ₹778.60, and a low of ₹752.25. The stock closed at ₹767.15, down 0.77%, with a market cap of ₹6,84,652.23 Cr.

State Bank of India (SBI) is India’s largest public sector bank, offering various banking and financial services. It has an extensive domestic and international presence, serving millions of customers. SBI plays a crucial role in India’s banking sector and economic growth. 

Also Read: Pharma stocks to benefit after FM announces medicine tariff changes in Union Budget 2025 

Union Bank of India Ltd: 

On February 1, 2025, Union Bank of India (BSE: UNIONBANK) opened at ₹115.95, hit a high of ₹116.70, and a low of ₹111.25. The stock closed at ₹112.40, down 2.64%, with a market cap of ₹85,801.73 Cr.

Union Bank of India Ltd is a leading public sector bank providing retail, corporate, and digital banking services. With a strong nationwide presence, it caters to diverse customer needs. The bank focuses on financial inclusion and digital transformation.

Canara Bank Ltd: 

On February 1, 2025, Canara Bank (BSE: CANBK) opened at ₹93.66, reached a high of ₹94.26, and a low of ₹91.15. The stock closed at ₹92.70, down 0.64%, with a market cap of ₹84,084.94 Cr.

Canara Bank Ltd is a major public sector bank known for its comprehensive banking solutions across retail, corporate, and international banking. It has a strong branch network and digital banking capabilities. The bank emphasizes innovation and customer-centric services.

Also Read: EV stocks to benefit after FM announces boost for EV adoption with Solar PV cells in budget 2025

HDFC Bank Ltd: 

On February 1, 2025, HDFC Bank Ltd (BSE: HDFCBANK) opened at ₹1,697.05, hit a high of ₹1,712.60, and a low of ₹1,676.25. The stock closed at ₹1,692.90, down 0.37%, with a market cap of ₹12,94,783.34 Cr.

HDFC Bank Ltd is India’s largest private sector bank, offering a wide range of financial products and services. It is known for its strong digital banking platform and customer-focused approach. HDFC Bank has a significant presence in retail and corporate banking.

Axis Bank Ltd: 

On February 1, 2025, Axis Bank Ltd (BSE: AXISBANK) opened at ₹988.15, reached a high of ₹1,004.85, and a low of ₹982.00. The stock closed at ₹997.00, up 1.07%, with a market cap of ₹3,08,654.53 Cr.

Axis Bank Ltd is a leading private sector bank providing retail, corporate, and investment banking services. It has a strong digital footprint and a growing international presence. Axis Bank is known for its innovation and customer-centric financial solutions.

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.