Nifty Bank Index is an index comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index has 12 stocks from the banking sector which trade on the National Stock Exchange.
In the table below you will find important data on Nifty Bank Companies Share prices, 52-week High and Low, PE ratio, etc. You will also get MoneyWorks4me's rating on Quality, Valuation, Price Trend and Overall Rating to assist you in taking informed stock investing decisions. Register or Download App to use these with ease.
NIFTY Bank or Bank NIFTY is an index focused solely on the banking sector. It comprises the most liquid Indian banking stocks and is the second most tracked index after the Nifty index.
The index is calculated using the free float weighted method and has twelve stocks from the banking sector. The NIFTY Bank Index has gained significance due to the high weightage of financials in the index.
The NIFTY Bank Index was launched in the year 2000. The base year is taken as January 1, 2000, and the base value is taken as 1000.
The purpose of the NIFTY Bank Index is to provide investors and market intermediaries a benchmark that captures the capital market performance of public-sector and private-sector Indian bank stocks.
Eligibility Criteria for Selection of Stocks in the Bank Nifty index:
Twelve banks, including both public and private-sector banks, are listed in the NIFTY Bank Index. Currently, these include:
You can invest in the Bank Nifty Index through the various listed ETF like BANKBEES, ICICI Prudential Nifty Bank ETF, etc. Currently, BANKBEES are the most popular option. There are index funds for Bank Nifty.
The best performing bank nifty stocks in the past three years are as below:
Company Name | Is it a Right Stock? | CMP | Mkt Cap (Cr) | 3Y CAGR |
---|---|---|---|---|
ICICI Bank Ltd.(L) | Very Good | 417 | 2,73,075 | 15.37 |
HDFC Bank Ltd.(L) | Very Good | 1,203 | 6,59,894 | 9.03 |
Kotak Mahindra Bank Ltd.(L) | Very Good | 1,377 | 2,64,556 | 7.38 |
Axis Bank Ltd.(L) | Very Good | 493.1 | 1,44,516 | 0.85 |
Bank Nifty companies with highest revenue growth are:
Company Name | Is it a Right Stock? | CMP | Mkt Cap (Cr) | 3Y CAGR |
---|---|---|---|---|
Bandhan Bank | Very Good | 324 | 52,152 | 15.37 |
HIDFC First Bank | Very Good | 31.75 | 18,039 | 9.03 |
ICICI Bank | Very Good | 417.1 | 2,87,770 | 7.38 |
DCB Bank | Very Good | 80.75 | 2,505 | 0.85 |
Bank Nifty Companies with the highest profit are::
Company Name | Is it a Right Stock? | CMP | Mkt Cap (Cr) | 3Y Profit CAGR |
---|---|---|---|---|
IndusInd Bank Ltd.(L) | Very Good | 627 | 45,997 | 13.46 |
Kotak Mahindra Bank Ltd.(L) | Very Good | 1,377 | 2,64,556 | 20.65 |
HDFC Bank Ltd.(L) | Very Good | 1,203 | 6,59,894 | 18.44 |