# Banking Sector
> Credit cycle upswing with clean balance sheets positions banks for sustained earnings compounding.

## Overview
Market Cap: ₹18,24,364 Cr
Avg P/E: 11.8
Companies: 18

## Data Freshness
Sector Updated: 2026-09-03T10:49:42.284Z
Updated By: daily market-close sector sync and derived refresh jobs

## Companies
- HDFC Bank Ltd (HDFCBANK): ₹694.65 | PE — | MCap —
- ICICI Bank Ltd (ICICIBANK): ₹1385.65 | PE — | MCap —
- State Bank of India (SBIN): ₹1004.95 | PE 11.0 | MCap ₹9,26,662 Cr
- Kotak Mahindra Bank Ltd (KOTAKBANK): ₹414.5 | PE 20.6 | MCap ₹4,12,977 Cr
- AXIS Bank Ltd (AXISBANK): ₹1240.75 | PE — | MCap —
- Union Bank of India (UNIONBANK): — | PE — | MCap —
- Punjab National Bank (PNB): — | PE 6.0 | MCap ₹1,32,356 Cr
- Bank of Baroda (BANKBARODA): — | PE 6.6 | MCap ₹1,21,527 Cr
- Indian Bank (INDIANB): ₹856.8 | PE — | MCap —
- Canara Bank (CANBK): — | PE — | MCap —
- IDBI Bank Ltd (IDBI): — | PE — | MCap —
- Federal Bank Ltd (FEDERALBNK): ₹343.55 | PE 18.2 | MCap ₹84,927 Cr
- AU Small Finance Bank Ltd (AUBANK): ₹1063.9 | PE — | MCap —
- Indusind Bank Ltd (INDUSINDBK): ₹1004 | PE — | MCap —
- IDFC First Bank Ltd (IDFCFIRSTB): — | PE — | MCap —
- Yes Bank Ltd (YESBANK): — | PE — | MCap —
- Bank of Maharashtra (MAHABANK): — | PE — | MCap —
- RBL Bank Ltd (RBLBANK): ₹418.55 | PE — | MCap —
- Bank of India (BANKINDIA): — | PE — | MCap —
- Indian Overseas Bank (IOB): — | PE — | MCap —
- Karur Vysya Bank Ltd (KARURVYSYA): ₹341.9 | PE 12.0 | MCap ₹33,051 Cr
- UCO Bank (UCOBANK): — | PE 11.0 | MCap ₹30,960 Cr
- Central Bank of India (CENTRALBK): — | PE — | MCap —
- Bandhan Bank Ltd (BANDHANBNK): — | PE — | MCap —
- City Union Bank Ltd (CUB): — | PE 16.9 | MCap ₹23,105 Cr
- Punjab & Sind Bank (PSB): — | PE 11.8 | MCap ₹16,327 Cr
- The Jammu & Kashmir Bank Limited (J&KBANK): — | PE — | MCap —
- Tamilnad Mercantile Bank Ltd (TMB): ₹923.9 | PE 10.1 | MCap ₹14,630 Cr
- Ujjivan Small Finance Bank Ltd (UJJIVANSFB): — | PE 13.7 | MCap ₹12,721 Cr
- Karnataka Bank Ltd (KTKBANK): ₹334.45 | PE — | MCap —
- South Indian Bank Ltd (SOUTHBANK): — | PE — | MCap —
- Equitas Small Finance Bank Ltd (EQUITASBNK): — | PE — | MCap —
- DCB Bank Ltd (DCBBANK): — | PE 9.5 | MCap ₹7,418 Cr
- Jana Small Finance Bank Ltd (JSFB): ₹537.3 | PE — | MCap —
- CSB Bank Ltd (CSBBANK): ₹306.95 | PE — | MCap —
- Utkarsh Small Finance Bank Ltd (UTKARSHBNK): — | PE — | MCap ₹2,655 Cr
- ESAF Small Finance Bank Ltd (ESAFSFB): — | PE — | MCap ₹2,154 Cr
- Suryoday Small Finance Bank Ltd (SURYODAY): — | PE 8.5 | MCap ₹1,636 Cr
- Capital Small Finance Bank Ltd (CAPITALSFB): — | PE 8.6 | MCap ₹1,258 Cr
- Dhanlaxmi Bank Ltd (DHANBANK): — | PE — | MCap —
- Fino Payments Bank Ltd (FINOPB): — | PE — | MCap —

## Analysis
Indian banking is at a cyclical sweet spot with asset quality at decadal highs and credit growth at 14-16%. The sector has undergone massive consolidation with PSU bank mergers and the landmark HDFC-HDFC Bank deal. Private banks continue gaining deposit market share through superior technology and branch expansion. CASA ratios above 40% provide funding cost advantage. Key metrics: NIM (Net Interest Margin), GNPA ratio, Provision Coverage Ratio, CASA ratio, ROA, and credit-deposit ratio. PSU banks trade at 0.8-1.2x book offering deep value, while quality private banks command 2-3x. Small finance banks are emerging as high-growth niche players in micro and MSME lending.

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Source: rupiya.io/sectors/banking
Disclaimer: For research and education only. Not investment advice.