{"id":48756,"date":"2024-12-05T12:38:58","date_gmt":"2024-12-05T07:08:58","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=48756"},"modified":"2025-11-11T12:34:45","modified_gmt":"2025-11-11T07:04:45","slug":"finance-sector-stocks-list","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/finance-sector-stocks-list\/","title":{"rendered":"Finance Sector Stocks List"},"content":{"rendered":"
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Introduction:<\/h2>\n\n\n\n

India\u2019s financial sector is increasing, with existing firms and new players entering the market. It includes commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds<\/a>, and smaller financial entities. <\/p>\n\n\n\n

Recently, the banking regulator has allowed new entities like payment banks to expand the range of players in the sector. Out of all these forms of companies, the banking sector dominates the finance sector, with commercial banks holding more than 64% of the total assets in the financial system. <\/p>\n\n\n\n

The finance sector is set to snowball by 2035 due to rising incomes, the government\u2019s push for financial inclusion, and digital or fintech adoption. Due to this, finance stocks are being considered by stock advisory companies<\/a> and wealth management<\/a> companies alike. The growing NIFTY<\/a> Financial Services<\/a> index can also show growth prospects.<\/p>\n\n\n\n

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Source: NSE<\/a><\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

The Nifty Financial Services Index tracks the performance of India\u2019s financial market. It includes 20 finance stocks list on the National Stock Exchange<\/a> (NSE<\/a>). The index is calculated using the free float market capitalization method, meaning it reflects the total market value of all the stocks in the index compared to a base market capitalization value. Investing in the index\u2019s top finance stocks is a hard-to-miss opportunity to invest in the country\u2019s growing finance sector. <\/p>\n\n\n\n

As of 18th November 2024, the index\u2019s 1-year growth rate was 18.94%, slightly more than NIFTY50\u2019s growth rate of 18.86%. Since its inception in 2011, the index clocked a growth of 16.44% as of 31st October 2024. As of the same date, the top 10 finance stocks list included in the index are as follows-<\/p>\n\n\n\n

Company<\/strong><\/td>CMP Rs.<\/strong><\/td>Mar Cap Rs.Cr.<\/strong><\/td>Div Yld %<\/strong><\/td>1Yr return %<\/strong><\/td>Net worth Rs.Cr.<\/strong><\/td>Net Profit (FY24) Rs.Cr.<\/strong><\/td><\/tr>
HDFC Bank<\/td>1,705.10<\/td>1303196.75<\/td>1.14<\/td>13.28<\/td>456395.25<\/td>71546.36<\/td><\/tr>
ICICI Bank<\/td>1,253.45<\/td>884329.75<\/td>0.8<\/td>36.03<\/td>256143.84<\/td>50084<\/td><\/tr>
Axis Bank<\/td>1,126.20<\/td>348456.12<\/td>0.09<\/td>13.91<\/td>157023.52<\/td>28052.36<\/td><\/tr>
SBI<\/td>814.3<\/td>726731.81<\/td>1.68<\/td>44.44<\/td>414939.17<\/td>74460.58<\/td><\/tr>
Kotak Mah. Bank<\/td>1,722.75<\/td>342510.98<\/td>0.12<\/td>-2.7<\/td>129971.69<\/td>22094.19<\/td><\/tr>
Bajaj Finance<\/td>6,567.95<\/td>406553.79<\/td>0.55<\/td>-7.08<\/td>86802.86<\/td>15389.2<\/td><\/tr>
Bajaj Finserv<\/td>1616.00<\/td>2,54,970.97<\/td>0.06<\/td>-1.36<\/td>60329<\/td>1731<\/td><\/tr>
Shriram Finance Ltd<\/td>2848.15<\/td>1,06,525.24<\/td>1.57<\/td>42.02<\/td>52392<\/td>7190<\/td><\/tr>
HDFC Life Insurance Company Ltd<\/td>690.50<\/td>1,46,157.59<\/td>0.29<\/td>4.39<\/td>15,601<\/td>8240.8<\/td><\/tr>
SBI Life Insurance Company Ltd.<\/td>1562.20<\/td>1,51,991.86<\/td>0.18<\/td>7.71<\/td>14906<\/td>1894<\/td><\/tr><\/tbody><\/table>
Source: NSE<\/a> <\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

Overview of the Top Finance Stocks in India:<\/h2>\n\n\n\n

HDFC Bank Limited:<\/a><\/h3>\n\n\n\n
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  1. <\/li>\n<\/ol>\n\n\n\n
    NSE Symbol<\/td>P\/E<\/td>Industry P\/E<\/td>CASA Ratio<\/td>ROCE<\/a><\/td><\/tr>
    HDFCBANK<\/td>18.26<\/td>10.85<\/td>38.2%<\/td>7.67<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Source: Screener<\/a> and NSE<\/a> as of 18th November 2024<\/p>\n\n\n\n

    HDFC Bank Limited, headquartered in Mumbai, is India\u2019s largest private sector bank by assets and ranks as the world\u2019s tenth-largest bank by market capitalization as of May 2024. It holds a significant 15% market share in the banking sector\u2019s advances and 37% in private sector banks\u2019 advances. Recognized as one of India\u2019s three systemically important banks, it is among the top three government banks for collecting direct and indirect taxes.  <\/p>\n\n\n\n

    The bank leads in almost every asset category and operates through 8,738 branches across metro, urban, semi-urban, and rural areas. Its global<\/a> presence includes offices and branches in Bahrain, Hong Kong, the UAE, and Kenya.  HDFC Bank has five subsidiaries: <\/p>\n\n\n\n