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The banking sector is the backbone of the economy which also goes through its own areas of ups and downs. When all things in the economy are rosy, lending and borrowings boom and the banking sector, in turn, leads to healthy growth. Now we will let you know India’s top 10 banking stocks to buy.
1. HDFC (Housing Development Finance Corporation) Bank Ltd
This company was the first company to receive in-principle approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. This bank was established in 1994. Its office is registered in Mumbai. HDFC provides a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is the largest private sector bank in India. Their market capitalization is Rs 7,83,153 crores, the stock P/E is 24.6% along with the Rs 1,19,610 crores. The stock price of this bank is up by 2% since last month and 58% up since last year.
2. Kotak Mahindra Bank Ltd
This company is the second biggest figure in the banking sector. It has been serving a large number of clients and its service portfolio has expanded robustly. Their market capitalization is Rs 2,73,084.90 crores. The company’s 52 weeks low was 1,001 and 52 weeks high is 1,740.
3. ICICI Bank Ltd
This company is one of the most traded banking sectors in India. It is a trusted institution that has partnered with some of the world-renowned partners for offering premium services. Their estimated volume is Rs 33,199.184. ICICI’s 52weeks low was 268.30 and 52weeks high is 522.20. It gives a dividend of 0.61 based on their holding.
4. State Bank of India Ltd
This banking sector is the government’s first bank to make it to this list and is the most trusted name. It also serves the biggest client base in India. Their market capitalization is Rs 1,84,282.47 crores with an estimated volume of Rs 54,435,819. State Bank of India’s 52 weeks high is 351 and 52weeks low was 149.45.
5. Axis Bank Ltd
This company is one of the best banking sectors to buy as its EPS is commendable at present. It also operates in small towns. Their market capitalization is Rs 1,39,294.21 crores. Axis Banks’s 52weeks low is 286 and 52weeks high is 765.85. The company’s estimated volume is Rs 29,405,504.
6. Bandhan Bank Ltd
This company has acquired a prominent place in the banking sector within a short time and is currently achieving milestones regularly. It offers trusted services and is contributing towards the welfare of society immensely. Their market capitalization is Rs 50,635 crores. Bandhan Banks’s 52weeks low was 152.20 and 52weeks high is 650.
7. IndusInd Bank Ltd
This banking sector is one of the best for its exceptional performance in the stock market. The company’s total market capitalization is Rs 42,743.07 crores. Its 52weeks low is recorded as 235.55 and 52weeks high is recorded as 1,596.55 with an estimated volume of Rs 21,613,034.
8. IDBI Bank Ltd
A huge number of clients are dependent on the transparent services provided by this bank. It is expanding its service list robustly and is reaching more customers regularly. Their market capitalization is Rs 93,861 crores. IDBI’s 52weeks low is 17.52 and 52weeks high is 56.20.
9. YES Bank Ltd
This company offers an array of banking services that are attracting a large number of clients. Their market capitalization is Rs 35,703.24 with an estimated volume of Rs 85,875,336. YES Bank’s Ltd 52weeks low is 5.65 and 52weeks high is 87.30. It shares a 3.37% dividend with its investors which adds to their profit.
10. Punjab National Bank (PNB)
This banking sector is the second public bank on the list and serves the second-largest client base after the State Bank of India. Their market capitalization is Rs 31,666.77 crores. PNB’s 52weeks high is 69.65 and 52weeks low was 26.30 with an estimated volume of Rs 20,523,151.