Best Banking Stocks to Buy in 2023

Published : 31 Mar 2023

India's banking sector has grown significantly in recent years, ranking fifth in the world regarding banking market size. As of December 2021, the total assets of Indian banks amounted to over 2.6 trillion USD, with public sector banks holding the majority share. In 2023, the banking sector is poised for further growth, making it an attractive investment option for investors. 

EPS

42.3

Axis Bank is one of India's leading private sector banks, with a nationwide network of branches and ATMs. This best bank share to buy offers a range of financial products and services, including retail banking, corporate banking, and wealth management.

P/E Ratio

12.7

2.2

Price to Book Ratio

Current Market Price

₹852.45

262,286

Market Cap Cr

EPS

66.2

HDFC Bank is one of India's largest private sector banks. The bank is known for its customer-centric approach and innovative digital banking services. HDFC Bank has consistently delivered robust financial performance, with strong growth in net profit and healthy asset quality.

P/E Ratio

20.4

3.6

Price to Book Ratio

Current Market Price

₹1604.45

895,242

Market Cap Cr

EPS

66.2

ICICI Bank is one of the best bank share to buy as it has a strong retail, corporate, and investment banking presence. ICICI Bank has consistently shown strong financial performance, with a steady increase in net profit and healthy asset quality.

P/E Ratio

18.7

3.4

Price to Book Ratio

Current Market Price

₹876.35

611,590

Market Cap Cr

EPS

59.4

IndusInd Bank is a private-sector bank focusing on retail and corporate banking. This best banking share to buy has consistently delivered strong financial performance, with steady growth in net profit and healthy asset quality. 

P/E Ratio

12.2

1.7

Price to Book Ratio

Current Market Price

₹1072.85

83,219

Market Cap Cr

EPS

42.9

Kotak Mahindra Bank bank has a strong presence in urban and semi-urban areas and offers its customers a range of financial products and services. The Bank has consistently shown strong financial performance, with a steady increase in net profit and healthy asset quality. 

P/E Ratio

24.2

3.6

Price to Book Ratio

Current Market Price

₹1739.45

345,384

Market Cap Cr