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

## Overview
Market Cap: ₹47,14,050 Cr
Avg P/E: 12.2
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): ₹687.25 | PE 13.3 | MCap ₹10,62,579 Cr
- ICICI Bank Ltd (ICICIBANK): — | PE 16.7 | MCap ₹9,74,772 Cr
- State Bank of India (SBIN): ₹957.25 | PE 10.3 | MCap ₹8,83,615 Cr
- Kotak Mahindra Bank Ltd (KOTAKBANK): ₹440 | PE 21.6 | MCap ₹4,37,707 Cr
- AXIS Bank Ltd (AXISBANK): — | PE 12.9 | MCap ₹3,85,782 Cr
- Punjab National Bank (PNB): — | PE 6.1 | MCap ₹1,39,788 Cr
- Union Bank of India (UNIONBANK): — | PE — | MCap —
- Bank of Baroda (BANKBARODA): ₹228.16 | PE 6.5 | MCap ₹1,17,990 Cr
- Indian Bank (INDIANB): ₹828.45 | PE 8.4 | MCap ₹1,11,589 Cr
- Canara Bank (CANBK): — | PE — | MCap —
- IDBI Bank Ltd (IDBI): — | PE 10.4 | MCap ₹86,181 Cr
- Federal Bank Ltd (FEDERALBNK): ₹340.1 | PE 16.6 | MCap ₹84,018 Cr
- Indusind Bank Ltd (INDUSINDBK): ₹839.9 | PE 21.8 | MCap ₹65,440 Cr
- AU Small Finance Bank Ltd (AUBANK): ₹867 | PE 22.9 | MCap ₹64,974 Cr
- IDFC First Bank Ltd (IDFCFIRSTB): — | PE — | MCap —
- Bank of India (BANKINDIA): — | PE — | MCap —
- Bank of Maharashtra (MAHABANK): — | PE — | MCap —
- Indian Overseas Bank (IOB): — | PE — | MCap —
- RBL Bank Ltd (RBLBANK): ₹345.1 | PE 24.9 | MCap ₹53,569 Cr
- Yes Bank Ltd (YESBANK): — | PE 11.9 | MCap ₹49,816 Cr
- Karur Vysya Bank Ltd (KARURVYSYA): ₹337.1 | PE 11.0 | MCap ₹32,586 Cr
- UCO Bank (UCOBANK): — | PE 9.7 | MCap ₹29,016 Cr
- Central Bank of India (CENTRALBK): — | PE — | MCap —
- Bandhan Bank Ltd (BANDHANBNK): — | PE 19.0 | MCap ₹25,653 Cr
- City Union Bank Ltd (CUB): ₹212.02 | PE 15.0 | MCap ₹21,006 Cr
- The Jammu & Kashmir Bank Limited (J&KBANK): — | PE 6.4 | MCap ₹14,998 Cr
- Punjab & Sind Bank (PSB): — | PE 9.8 | MCap ₹14,709 Cr
- South Indian Bank Ltd (SOUTHBANK): — | PE — | MCap —
- Tamilnad Mercantile Bank Ltd (TMB): ₹784.2 | PE 8.6 | MCap ₹12,418 Cr
- Ujjivan Small Finance Bank Ltd (UJJIVANSFB): — | PE 10.5 | MCap ₹11,952 Cr
- Karnataka Bank Ltd (KTKBANK): ₹294.6 | PE 7.8 | MCap ₹11,147 Cr
- Equitas Small Finance Bank Ltd (EQUITASBNK): — | PE — | MCap —
- DCB Bank Ltd (DCBBANK): ₹198.5 | PE 8.1 | MCap ₹6,395 Cr
- CSB Bank Ltd (CSBBANK): ₹312 | PE 7.9 | MCap ₹5,302 Cr
- Jana Small Finance Bank Ltd (JSFB): ₹377.55 | PE 8.4 | MCap ₹3,996 Cr
- Utkarsh Small Finance Bank Ltd (UTKARSHBNK): — | PE — | MCap ₹2,248 Cr
- ESAF Small Finance Bank Ltd (ESAFSFB): — | PE — | MCap ₹2,126 Cr
- Suryoday Small Finance Bank Ltd (SURYODAY): — | PE 7.8 | MCap ₹1,505 Cr
- Dhanlaxmi Bank Ltd (DHANBANK): — | PE — | MCap —
- Capital Small Finance Bank Ltd (CAPITALSFB): ₹257.85 | PE 7.8 | MCap ₹1,173 Cr
- 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.