Whenever it comes to saving money, we always prefer the bank, but the bank does not give us as much return on our money as it earns on our deposited money, so what should we do if we want more returns, Instead of depositing money in the bank, you invest in the stock of the bank, in this case you will get the same return as the banking would have earned. So invest in Banking Stocks.
Investing in banking stocks also carries the same risk as any other company. So invest according to your research.
Top 18 Banking Stocks Under ₹100
here banking stocks under ₹100
Public Sector Bank (Govt. Bank)
1. Bank of India (51.20)
Bank of India is an Indian nationalized bank. It is under the ownership of the Ministry of Finance, Government of India with headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalization in 1969.
Stock Price: ₹51.20
2. Bank of Maharastra (18.40)
Bank of Maharashtra is a nationalized bank under the ownership of the Ministry of Finance, Government of India. The bank had 29 million customers across the country with 2022 branches as of Mar 2022. It has the largest network of branches of any nationalized bank in the state of Maharashtra.
Stock Price: ₹18.40
3. Central Bank Of India
Central Bank of India is an Indian nationalized bank. It is under the ownership of the Ministry of Finance, Government of India, and is one of the oldest and largest nationalized commercial banks in India. It is based in Mumbai, the financial capital of India and the capital city of the state of Maharashtra.
Stock Price: ₹19.17
4. Indian Overseas Bank
Indian Overseas Bank is a major Indian nationalized bank. It is under the ownership of the Ministry of Finance, Government of India based in Tamil Nadu, India, with about 3,400 domestic branches, about 6 foreign branches, and a representative office. Founded in February 1937 by M. Ct
Stock Price: ₹18.95
5. Punjab National Bank
Punjab National Bank is an Indian Public sector bank headquartered in Delhi, India, it is under the ownership of the Ministry of Finance, Government of India. The bank was founded in May 1894 and is the second-largest government-owned bank in India, both in terms of its business volumes and its network.
Stock Price: ₹36.87
6. Punjab & Sindh Bank
Punjab & Sind Bank is an Indian nationalized bank. It is under the ownership of the Ministry of Finance, Government of India with its head office located in New Delhi.
Stock Price: ₹17.65
7. UCO Bank (12.35)
UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the nationalized banks in India. It is under the ownership of the Ministry of Finance, Government of India During FY 2020–21, its total business was ₹ 3.24 lakh crore. Based on 2020 data, it is ranked 80 on the Fortune India 500 list.
Stock Price: ₹12.35
8. Union Bank of India (₹42.3)
Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian government-owned bank with 120+ million customers and a total business of US$106 billion.
Stock Price: ₹42.30
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Public Sector Bank (Private Bank)
9. D.C.B Bank
DCB Bank Limited is a private sector scheduled commercial bank in India. It is amongst the new generation banks that received the scheduled commercial bank license from the bank regulator, Reserve Bank of India. DCB Bank received the license on 31 May 1995.
Stock Price: ₹84.98
10. Dhanlaxmi Bank (13.80)
Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 245 branches and 257 ATMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh,…etc
Stock Price: ₹13.80
11. Federal Bank
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi. The bank has 1,272 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.
Stock Price: ₹98.13
12. IDFC Bank
IDFC First Bank is an Indian private sector bank that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015, after receiving a universal banking license from the Reserve Bank of India in July 2015. It is listed on BSE and NSE.
Stock Price: ₹41.55
13. IDBI Bank
The IDBI Bank Limited is an Indian private sector bank and a subsidiary of Life Insurance Corporation providing financial and banking services. It was established in 1964 as the Industrial Development Bank of India, a development finance institution, which provided financial services to the industrial sector.
Stock Price: ₹47.35
14. Jammu & Kashmir Bank
Jammu & Kashmir Bank Limited is one of the oldest nationalized bank in India, having its Corporate Headquarters in Srinagar, J&K with its Zonal Offices in J&K, Delhi, Mumbai, and Ladakh. It is under the ownership of the Ministry of Finance, Government of India.
Stock Price: ₹32.85
15. Karnataka Bank
Karnataka Bank Limited is India’s twelfth largest old generation private sector bank. It is an ‘A’ Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India.
Stock Price: ₹32.85
16. Karur Vysya Bank
Karur Vysya Bank is a Scheduled Commercial Bank in India. It has completed 100 years of operation and is one of the leading banks in India, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.
Stock Price: ₹50.27
17. South Indian Bank
South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India. SIB has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines.
Stock Price: ₹8.54
18. YES Bank
Yes Bank is an Indian public sector bank headquartered in Mumbai, India, and was founded by Rana Kapoor and Ashok Kapur in 2004. It offers a wide range of differentiated products for corporate and retail customers through retail banking and asset management services.
Stock Price: ₹14.20
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Best Banking Stocks for Investment
If we talk about the best banking stock, then the best is the one, which has been giving good returns, and all its financial condition is also good, and it is not at all that you will get the return by investing in the stock, so do your research Invest accordingly.
1. IDFC Bank
IDFC Bank is one of the Private Sector Bank and started operations in 19 October 2015, with 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, and Chennai, Ahmedabad, and Kolkata. It has more than 600 branches across India till 2021. 15 branches are in settlements with a population of less than 10,000.
- It’s new and growing fast
- Less NPA (The Gross NPA of the Bank reduced to 1.33% as of December 31, 2020, as compared to 1.62% as of September 30, 2020)
- IDFC First Bank on Saturday reported more than two-fold increase in net profit to Rs 281 crore for the third quarter ended on December 31, 2021. The private sector bank had reported a net profit of Rs 130 crore for the October-December period of 2020-21.
- representing a 5-year CAGR increase of 56%.
2. Union Bank of India
Union Bank of India is one of the largest government-owned bank in India, and started operation on 11 November 1919, in Mumbai.
- The Gross NPA of the Bank reduced to 13.74% as of March 2021, as compared to 14.15% in March 2020.
- One of the Largest Government Bank.
3. Federal Bank
Federal Bank is a pioneer in the banking sector in India by being the first bank to digitalize all its branches in the country.
- Similarly, the net NPA ratio for the quarter stood at 1.05% as against 1.12% in Q2 FY22 and 0.60% in Q3 of FY21.
- Now it’s growing at a large level in Digital Banking. Recently Partnership with Jupiter Digital Neo Bank.
4. Bank of India
Bank of India was founded in 7th Sep 1906 in Mumbai.
- The Gross NPA of the Bank reduced to 13.77% as of March 2021, as compared to 14.78% in March 2020
- One of the Government Bank
I hope today you know something new, but Before investing, always understand the stock’s move and plan to handle it well. Please do your homework (research) well before you invest in any stock, and keep in mind that stocks easily go down as they go up; never lose your patience. Take some risk and invest in Indian Banking Stocks to earn well.