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Nifty Bank

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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.

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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.

Q : Quality V : Valuation PT : Price Trend
Nifty Bank companies as on Jul-2022 |
Decizen : Q : Quality, V : Valuation, PT : Price Trend
Company Name (M.Cap) DeciZen CMP Price
Change
Market
Cap (Cr)
52W
High
52W
Low
ROE P/E P/BV EV/
EBITDA
Q V PT
466.9 0.24% 4,16,690 549.0 401.3 13.01 13.15 1.62 -
Q V+ PT
1,354 0.46% 7,51,892 1,724 1,272 16.70 19.76 3.04 -
Q V PT
1,670 0.55% 3,31,558 2,252 1,627 12.47 38.68 4.61 -
Q V PT
93.60 3.71% 19,689 107.7 77.50 10.52 10.00 1.02 -
Q V PT
96.90 -0.46% 50,111 122.7 72.50 8.93 6.89 0.58 -
Q V PT
704.0 -0.40% 4,89,727 859.7 630.0 12.56 20.98 2.93 -
Q V PT
807.5 1.63% 62,590 1,242 763.8 7.39 13.57 1.32 -
Q V PT
645.1 1.33% 1,98,153 866.6 618.1 12.03 15.21 1.72 -
Q V PT
29.45 1.38% 32,427 47.60 28.05 4.18 8.40 0.36 -
Q V PT
32.35 2.86% 20,119 55.00 28.95 2.90 152.06 0.96 -
Q V PT
264.8 0.49% 42,654 349.5 229.7 13.53 339.08 2.45 -

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Nifty Bank Companies

FAQs

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:

  1. Companies should form part of NIFTY 500 at the time of review.
  2. Companies should form a part of the Banking sector.
  3. The company's trading frequency should be at least 90% in the last six months.
  4. The company should have a listing history of 6 months.
  5. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
  6. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
  7. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing

Twelve banks, including both public and private-sector banks, are listed in the NIFTY Bank Index. Currently, these include:

  1. AXIS Bank
  2. Bandhan Bank
  3. Bank of Baroda
  4. Federal Bank
  5. HDFC Bank
  6. ICICI Bank
  7. IDFC Bank
  8. INDUSIND Bank
  9. Kotak Mahindra Bank
  10. Punjab National Bank
  11. RBL Bank
  12. State Bank of India

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