Best Banking Stocks in India

Posted by chaitanyaa. chaitanyaa on June 26th, 2021

Best Bank Stocks to Buy – Highest Dividend

1.Indusind Bank Ltd Indusind Bank Ltd was established in 1994, and this award-winning bank has a good network with over 5000 distribution points and nearly 2000 branches serving 2.5 crore customers.

Talking about its stock, Indusind Bank is a Large-Cap Company, and it is also the highest dividend per share giving banking stock. Hence, it tops our list of best bank stocks to buy.

2.State Bank of India I don’t think this bank needs any introduction. Every Indian Pincode has a branch of this biggest bank in the country. SBI was established in 1806 and has successfully carried its legacy and heritage for over 200 years. SBI is a multinational corporation, and its presence can be noticed in 32 countries.

It’s also proud to know that SBI is a Fortune 500 company. Being the biggest bank in the country, SBI is a Large-Cap stock, and it pays good dividends. We undoubtedly had to consider this stock in our list of best bank stocks to buy.

3.ICICI Bank Ltd ICICI Bank is one of the biggest private banks in India. Its total assets were valued at Rs.14.76 trillion in 2020. Its network is so strong that it has 5288 branches with 15,158 ATMs across the country.

A Large-Cap Banking stock that pays dividends makes it one of the best bank stocks to buy.

4.Bandhan Bank Ltd One of India’s youngest and fastest-growing banks, Bandhan Bank, was established in 2015. It started its operations from being an NGO to an NBFC and finally to a bank. Their growth throughout the years is promising, with 2.3 crore customers and counting. Bandhan Bank is a Large-Cap banking stock, and it pays a decent dividend per share. The profitable growth has brought this into the list of best bank stocks to buy.

5.Kotak Mahindra Bank Ltd Kotak Mahindra Bank is yet another big private bank in India that the masses trust. Established in 1985, it ranks 245 in the world’s top 500 banks. It is valued at Rs.34,90,80,94,000. This Large-Cap bank stock pays a decent dividend per share, and hence, it can be considered one of the best bank stocks to buy.

6.Federal Bank Ltd One of the major private sector banks in India was established in 1931. It has over 1200 branches and more than 1900 ATMs across the country. A traditional bank that has modernized itself quite well with advanced technologies. Federal Bank is a Mid-Cap Banking stock, but its dividend game is way ahead of lots of Large-Cap Banks, and so, it makes to the list of best bank stocks to buy.

7.City Union Bank Ltd Previously known as Kumbakonam Bank Limited was incorporated in 1904, it has successfully carried itself for more than 100 years now. Although a small bank, it has over 700 branches throughout the country. The Market Cap of this banking stock is considered to be a Mid-Cap stock. The good thing about this stock is that you receive dividends, and this has pushed City Union Bank a lot ahead in the list of best bank stocks to buy. To know better about best banking stocks in India, click here to gather the information.