Nifty Bank Stocks List (2023)
The NiftyBank index considers 12 stocks that measure the performance of the Indian banking sector. The stocks are classified broadly into Public and Private Sector banks. As an Investor, it’s important to understand the banking stocks individually because Banknifty holds more than 26% of the Nifty 50.
|HDFC BANK||₹ 1,560.65||8.71T||0.16%|
|ICICI BANK||₹ 852.40||5.95T||0.36%|
|KOTAK MAHINDRA BAN||₹ 1,692.15||3.36T||0.74%|
|AXIS BANK||₹ 839.90||2.59T||1.05%|
|STATE BK OF INDIA||₹ 505.35||4.51T||1.44%|
|INDUSIND BANK LTD||₹ 1,009.55||783.30B||0.85%|
|BK OF BARODA||₹ 159.80||826.38B||1.78%|
|AU SMALL FINANCE B||₹ 559.90||373.31B||1.71%|
|FED BANK||₹ 126.85||268.37B||0.12%|
|BANDHAN BANK LTD||₹ 203.10||327.16B||4.42%|
|IDFC FIRST BANK||₹ 54.10||358.04B||1.81%|
|PUNJAB NATL BANK||₹ 45.50||501.77B||2.88%|
Banking Stock Weightage Breakdown
The Financial Services sector holds about 37% weightage in the Nifty 50, and Banknifty plays a major part in it. Each stock’s weightage in the Nifty Bank index is determined by its free-float market capitalization, ensuring no stock exceeds 33% and the top 3 stocks’ combined weightage is capped at 62% at the time of rebalancing.
Bank Nifty Stocks List By Weight (Updated on 28 Feb 2023)
|State Bank of India||9.39%|
|Bank of Baroda||2.50%|
|AU Small Finance Bank||2.41%|
|IDFC First Bank||1.40%|
|Punjab National Bank||1.23%|
Note: The NIFTY Bank stocks list and their respective weightage are revised every month. If you want to learn more about the methodology, you can check out the Bank Nifty PDF.