Banking Stocks
Banking stocks are a smart choice for those looking to diversify their investment portfolio in the Indian stock market. Here’s why:
Stable Income
Growth Potential:
Sector Stability
High Regulation
What are Banking Stocks?
Banking stocks represent shares in companies within the banking industry. This includes a variety of banks such as commercial banks, savings banks, and investment banks. These institutions handle financial transactions like deposits, loans, and investments, which are essential to both personal finance and business operations.
List of Banking Stocks
Banking Stocks
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| Name | Price | M Cap | Analyst Rating | Target Price | Alpha | 1Y Return | 3Y Return | 5Y Return | PE | Industry PE | PB | Beta | Div Yld | Net Profit Qtr | Net Profit QoQ % | Net Profit YoY % | Net Profit 3Y Change % | Rev Qtr (in Cr) | Rev QoQ (in %) | Rev 1Y change % | Rev 3Y change % | Profit Mar Qtr | Profit Mar QoQ | Profit Mar 1Y Change% | Profit Mar 3Y Change% | Sector | M Cap | ROE | ROCE | EPS | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank Ltd | ₹1,520.10 | Large Cap | BUY | 1872.2 | 7.47% | 29.05% | 16.83 | 21.6 | 3.21 | 1.19 | 1.18% | 17622.38 Cr | 2.11% | 20.88% | 68.77% | 124391.35 | 8.15% | 22.05% | 39.16% | 22.47% | 21.28% | Financial Services | 1154806.39 | 16.96% | NA | 82.71 | 26152797 | ||||
 ICICI Bank Ltd | ₹1,150.40 | Large Cap | BUY | 1235.35 | 0.2% | 24.76% | 92.78% | 190.84% | 18.21 | 21.6 | 3.1 | 0.89 | 0.91% | 11671.52 Cr | 5.6% | 35.55% | 255.8% | 67409.02 | 12.84% | 18.18% | 24.3% | 18.28% | 14.7% | 186.25% | Financial Services | 808202.39 | 17.48% | NA | 49.35 | 29567956 | |
 State Bank of India | ₹826.25 | Large Cap | BUY | 769.79 | 19.06% | 43.62% | 135.67% | 168.13% | 11.56 | 21.6 | 1.56 | 1.17 | 2.16% | 11064.14 Cr | 57.31% | 181.51% | 153071.64 | 6.11% | 16.32% | 28.63% | 11.76% | 35.25% | 118.85% | Financial Services | 737396.06 | 18.05% | NA | 63.37 | 27447899 | ||
 Axis Bank Ltd | ₹1,165.90 | Large Cap | BUY | 1288.02 | 9.35% | 33.91% | 65.91% | 54.97% | 13.62 | 21.6 | 2.11 | 1 | 0.12% | 7599.04 Cr | 17.06% | 483.8% | 37836.1 | 7.68% | 23.27% | 32.6% | 10.19% | 8.71% | 340.28% | Financial Services | 359942.89 | 7.96% | NA | 35.27 | 18965160 | ||
 Kotak Mahindra Bank Ltd | ₹1,623.95 | Large Cap | BUY | 2029.38 | 15.47% | 18.54 | 21.6 | 4.15 | 0.97 | 0.09% | 4264.78 Cr | 23.46% | 73.68% | 24083.15 | 11.71% | 16.12% | 35.29% | 21.9% | 6.32% | 28.37% | Financial Services | 322828.41 | 14.06% | NA | 74.2 | 18204409 | |||||
 Punjab National Bank | ₹141.05 | Large Cap | HOLD | 100.35 | 142.83% | 167.39% | 308.84% | 63.82% | 20.35 | 21.6 | 0.56 | 1.69 | 1.39% | 2432.77 Cr | 22.24% | 663.7% | 30527.38 | 2.25% | 12.2% | 54.53% | 3.37% | 19.55% | 394.2% | Financial Services | 155310.37 | 2.79% | NA | 3.05 | 95356001 | ||
 Bank of Baroda | ₹281.50 | Large Cap | BUY | 269.96 | 25.09% | 49.65% | 322.36% | 142.88% | 7.71 | 21.6 | 0.89 | 1.28 | 3.26% | 4788.52 Cr | 8.97% | 89.88% | 1506.6% | 35083.98 | 26.2% | 21.62% | 13.46% | 11.09% | 50.46% | 1221.01% | Financial Services | 145573.85 | 15.33% | NA | 28.37 | 39451646 | |
 Indian Overseas Bank | ₹68.10 | Large Cap | NA | NA | 139.39% | 163.95% | 337.94% | 389.93% | 51.2 | 21.6 | 1.89 | 1.76 | NA | 724.13 Cr | 15.46% | 23.09% | 404.59% | 7442.65 | 7.22% | 8.7% | 486.66% | 8.94% | 7.68% | 13.24% | Financial Services | 128725.43 | 5.44% | NA | 1.11 | 23103697 | |
 IndusInd Bank Ltd | ₹1,515.70 | Large Cap | BUY | 1844.3 | 7.14% | 31.7% | 65.9% | 13.12 | 21.6 | 1.53 | 1.2 | 1.31% | 2349.15 Cr | 2.07% | 54.91% | 66.96% | 14706.66 | 5.29% | 16.7% | 24.64% | 16.71% | 32.74% | 33.96% | Financial Services | 117969.95 | 14.53% | NA | 95.93 | 6292814 | ||
 Union Bank of India | ₹154.20 | Large Cap | BUY | 164.8 | 77.01% | 101.57% | 353.53% | 82.59% | 8.15 | 21.6 | 0.63 | 1.22 | 4.51% | 3625.39 Cr | 1.5% | 61.66% | 29801.98 | 2.93% | 18.74% | 124.36% | 8.77% | 36.14% | Financial Services | 117710.2 | 12.22% | NA | 12.33 | 16023705 | |||
 Canara Bank | ₹621.95 | Large Cap | HOLD | 522.93 | 69.8% | 94.36% | 348.25% | 137.2% | 7.7 | 21.6 | 0.78 | 1.28 | 4.22% | 3790.21 Cr | 83.76% | 35630.18 | 5.13% | 17.99% | 80.66% | 10.12% | 55.74% | Financial Services | 112829.83 | 17.14% | NA | 59.58 | 8132424 | ||||
 IDBI Bank Ltd | ₹90.35 | Large Cap | NA | NA | 40.16% | 64.72% | 149.59% | 125.59% | 18.22 | 21.6 | 1.3 | 1.34 | 2.22% | 1508.53 Cr | 8.89% | 46.27% | 7579.91 | 7.31% | 8.31% | 14.7% | 1.47% | 35.05% | Financial Services | 97147.95 | 6.39% | NA | 3.47 | 10980248 |
Future of Banking Stocks
Who Should Invest in Banking Stocks?
Banking stocks are suitable for:
- Long-term investors: Those who can hold investments for an extended period may see significant growth.
- Income-focused investors: Individuals looking for steady dividend income might find banking stocks attractive.
- Risk-aware investors: Those who are cautious but still want exposure to the financial sector.
Benefits of Investing in Banking Stocks
Investing in banking stocks comes with several advantages:
- Consistent Dividends: Banks often pay dividends, providing a reliable income source.
- Economic Growth Correlation: As the economy grows, so do the assets and profitability of banks.
- Regulatory Protection: Banking is a heavily regulated industry, which can offer a layer of security to investors.
Factors Affecting Banking Stocks
Several factors can impact the performance of banking stocks:
- Interest Rates: Changes in interest rates can affect bank profitability.
- Economic Health: The overall economic environment influences loan and deposit levels.
- Regulatory Changes: New regulations can impose costs or restrict how banks operate.
Points to Consider Before Investing
Before investing in banking stocks, consider these points:
- Market Conditions: Understand current market trends and how they affect banks.
- Bank's Health: Look into a bank's financial health and stability.
- Investment Goals: Ensure that your investment aligns with your financial goals and risk tolerance.
How to Invest in Banking Stocks via INDmoney
To invest in banking stocks through INDmoney, follow these steps:
- Register: Open a free account on INDmoney.
- Research: Use the platform to research different banking stocks.
- Invest: Choose your stocks and make your investment through the easy-to-use interface.
How to Invest in Banking Stocks via INDmoney
Here's how you can invest in IT stocks using INDmoney:
Step 1
Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2
Once your Free investment account is ready, you can either search for a Bank Stocks or go to the Stocks section and tap on Banking collection.
Step 3
Choose a Banking Stocks by looking at aspects like past returns, volatility, downside returns & proceed to buy.
Should you invest in Banking Stocks?
Investing in banking stocks offers stability, dividends, and global exposure. Consider them for a balanced, income-focused portfolio, particularly if you value market reliability and seek opportunities aligned with economic trends. Assess your risk tolerance, stay informed about economic indicators, and evaluate individual bank health before making investment decisions.
Frequently Asked Questions
Banking stocks are publicly traded stocks of companies which are licensed by the Reserve Bank of India to accept deposits and grant out loans.
All stocks listed under the Nifty banking index are considered to be banking stocks.
Banking stocks can offer stable returns and also carry lower risks due to their steady nature.
Yes, you can do an SIP in banking stocks through INDmoney.
Yes, diversifying your investment portfolio, including different sectors, can reduce risk.
Banking stocks can be sensitive to economic downturns as loan defaults may increase and banking profits can decline.
For those looking for a blend of income and potential capital growth, banking stocks can be a worthy consideration.
Government regulations can significantly impact banking operations and profitability. It’s important to stay informed on policy changes.
Look at key metrics like return on assets, loan growth, and non-performing asset ratios to gauge a bank's health.
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