The Indian banking sector is vast and expected to continue growing in the coming years. It is because of factors like more people making money, more economic activity, and the government wanting everyone to access financial services. Some of the top banking stocks in India include:
State Bank of India
The State Bank of India is India’s biggest government-owned bank and a significant player in the banking industry. SBI is among India’s top 10 banking stocks, with many customers and good returns. It has a lot of branches and ATMs all over the country and is expanding its digital banking services. Its shares are doing well on the stock market, and it’s a trustworthy name in banking.
SBI’s stock is currently trading at approximately INR 509.80 per share. The maximum value observed in the previous 52 weeks was INR 530.8, whereas the minimum value recorded during the same period was INR 629.65. The bank’s market capitalisation is around INR 5.45 trillion.
Bandhan Bank
Bandhan Bank is known for its strong growth trajectory and efficient management, and it has been expanding rapidly in recent years. Bandhan Bank’s share price is currently at approximately INR 197.80 per share.
On May 17, 2022, the maximum value observed in the previous 52 weeks was INR 349.55, whereas, on March 27, 2023, the minimum value recorded during the same period was INR 196.80. The bank’s market capitalisation is around $4.19 billion.
Punjab National Bank (PNB)
With roots tracing back to 1894, PNB is a prominent public sector bank in India, recognised as one of the country’s oldest and largest. Its primary focus is to offer its clients various financial and banking services.
The PNB share price is trading at around INR 45.50 per share. On December 15, 2022, the maximum value observed in the previous 52 weeks was INR 62.00, whereas on June 22, 2022, the minimum value recorded during the same period was INR 28.05. The bank’s market capitalisation is around $6.16 billion.
Like any investment, investing in banking stocks has risks, including market volatility and potential regulatory changes. But, with Angel One’s knowledge centre, you can learn more about how to invest in banking stocks.