• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2024
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
​

Banking Stocks That Deserve Your Attention

  •  4 min read
  • 0•
  • 31 Jan 2024
Banking Stocks That Deserve Your Attention

1. State Bank of India - Banker to Every Indian

Imagine wandering into the tiniest village or bustling city, and there is an SBI branch – a familiar face in every nook and corner. SBI isn’t just a bank but a companion in the financial journey of individuals and businesses nationwide. Its branches aren’t just buildings; they are gateways to financial inclusion, making banking services reach even the country's remotest corners.

SBI is the banker to every Indian, a title earned through years of dedicated service and vast presence. As per its annual report 2022-23, the bank had 22,405 branches with a 22.99% market share of deposits. It has something for everyone. Whether you are a saver starting small or an investor diving into the complexities of finance, SBI has your back. Annual returns of SBI stocks stood at 33.28% in 2022, much higher than the S&P BSE Bankex at 21.03% (image below).

Source: Value Research

2. ICICI Bank - Synonymous With Private Sector Banking Growth

1991 was a landmark year for India. The country had started economic reforms and was taking its first steps towards liberalization. This was when things were about to shift, and the winds of change were blowing strong. Amid this transformation, a financial trailblazer emerged that would become synonymous with the changing face of India's banking sector – ICICI Bank.

Incorporated in 1994 as a part of the ICICI Group, ICICI Bank came to the forefront as the face of dynamism and innovation in private banking. It was a pioneer in retail banking. Back then, they thought serving individual customers could be a game-changer. And they were right! This foresight didn't just change how Indians handled their money; it also contributed a big part to the growth of retail banking in the country.

ICICI Bank didn't just stop at banking. It went on to become the cool kid in town with its bag full of innovative financial products. Whether it was introducing Internet banking when the Internet was still finding its feet or launching digital wallets that made transactions a breeze, ICICI was the trendsetter, always one step ahead.

While SBI represents the public sector's stalwart presence, ICICI Bank epitomizes the dynamism and innovation of the private banking sector in India. Annual returns from ICICI Bank's stocks stood at 20.36% in 2022, slightly less than S&P BSE Bankex at 21.03%, but much higher than S&P BSE Sensex at 4.44% (see image below).

Source: Value Research

Investing in Banking Stocks Through First Time Favourites Basket

The First Time Favourites Basket, one of the prominent baskets of StockCase, allows you to get the best of both worlds in the banking sector - public and private. It enables you to invest in SBI and ICICI Bank stocks seamlessly and participate in the growth story of these two stalwarts in the Indian banking sector. So, what are you waiting for? Join the long list of investors who have benefitted through StockCase investment. To know more, click here.

Did you enjoy this article?

0 people liked this article.

What could we have done to make this article better?

Enjoy Free Demat Account Opening
+91 -

personImage
Enjoy Free Demat Account Opening
+91 -