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Indian (NIFTY) Diversified Banks Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies35
  • 7D0.008%
  • 3M-14.1%
  • 1Y-3.8%
  • YTDn/a

In the last week, Diversified Banks has been flat. As for the longer term, the industry has declined 3.8% in the last year. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

Has the Indian Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026₹50.6t₹15.3t₹4.1t11.1x12.3x3.3x
Sat, 18 Apr 2026₹54.2t₹14.9t₹4.0t12x13.6x3.6x
Mon, 16 Mar 2026₹52.3t₹14.9t₹4.0t11.9x13.1x3.5x
Wed, 11 Feb 2026₹58.5t₹14.9t₹4.0t13.5x14.6x3.9x
Fri, 09 Jan 2026₹56.9t₹14.5t₹3.9t12.1x14.6x3.9x
Sun, 07 Dec 2025₹56.9t₹14.5t₹3.9t11.4x14.6x3.9x
Tue, 04 Nov 2025₹56.0t₹14.4t₹3.9t11.8x14.4x3.9x
Thu, 02 Oct 2025₹53.1t₹14.7t₹3.9t11.8x13.7x3.6x
Sat, 30 Aug 2025₹50.9t₹14.7t₹3.9t11.6x13.1x3.5x
Mon, 28 Jul 2025₹53.4t₹14.6t₹3.9t12.2x13.6x3.7x
Wed, 25 Jun 2025₹52.9t₹14.4t₹3.9t12.6x13.6x3.7x
Fri, 23 May 2025₹51.9t₹14.3t₹3.9t10.9x13.1x3.6x
Sun, 20 Apr 2025₹51.3t₹14.0t₹3.9t9.3x13.2x3.7x
Tue, 18 Mar 2025₹46.1t₹14.0t₹3.9t8.9x11.9x3.3x
Thu, 13 Feb 2025₹47.0t₹14.0t₹3.9t9.7x12.1x3.4x
Sat, 11 Jan 2025₹46.3t₹13.8t₹3.7t9.3x12.5x3.3x
Mon, 09 Dec 2024₹51.9t₹13.8t₹3.7t10.8x14x3.8x
Wed, 06 Nov 2024₹50.2t₹13.8t₹3.7t10x13.7x3.6x
Fri, 04 Oct 2024₹49.2t₹13.5t₹3.6t10.3x13.9x3.6x
Sun, 01 Sep 2024₹49.6t₹13.5t₹3.6t10.7x13.9x3.7x
Tue, 30 Jul 2024₹50.6t₹13.4t₹3.5t11.6x14.3x3.8x
Thu, 27 Jun 2024₹51.0t₹12.9t₹3.4t11.5x15.1x3.9x
Sat, 25 May 2024₹48.6t₹13.0t₹3.4t11.7x14.3x3.7x
Mon, 22 Apr 2024₹46.8t₹12.0t₹3.1t12x14.9x3.9x
Wed, 20 Mar 2024₹45.3t₹11.7t₹3.1t11.3x14.6x3.9x
Fri, 16 Feb 2024₹46.4t₹11.7t₹3.1t12x15x4x
Sun, 14 Jan 2024₹44.8t₹10.8t₹3.0t13.7x15x4.1x
Tue, 12 Dec 2023₹43.9t₹10.8t₹3.0t12.7x14.8x4x
Thu, 09 Nov 2023₹40.3t₹10.8t₹3.0t12.3x13.6x3.7x
Sat, 07 Oct 2023₹41.2t₹10.1t₹2.8t14.4x14.9x4.1x
Mon, 04 Sep 2023₹40.0t₹10.1t₹2.8t13.8x14.5x4x
Wed, 02 Aug 2023₹40.8t₹9.8t₹2.6t13.4x15.6x4.2x
Fri, 30 Jun 2023₹35.9t₹9.3t₹2.4t12.7x14.7x3.8x
Sun, 28 May 2023₹35.6t₹9.6t₹2.4t12.1x14.6x3.7x
Price to Earnings Ratio

14.6x


Total Market Cap: ₹35.6tTotal Earnings: ₹2.4tTotal Revenue: ₹9.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Diversified Banks Industry Price to Earnings3Y Average 14x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Diversified Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.3x which is lower than its 3-year average PE of 14.0x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Diversified Banks compare with similar industries?

IN Market0.53%
Financials0.19%
Banks-0.039%
Diversified Banks0.008%
Regional Banks-1.93%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HDFCBANK HDFC Bank₹759.501.3%
+₹152.4b		-21.2%PB2x
500247 Kotak Mahindra Bank₹383.151.4%
+₹51.2b		-7.5%PB2.1x
FEDERALBNK Federal Bank₹289.903.5%
+₹24.3b		44.4%PB1.8x
IDBI IDBI Bank₹73.303.0%
+₹22.9b		-22.5%PB1.1x
ICICIBANK ICICI Bank₹1.24k0.1%
+₹12.2b		-14.4%PB2.4x

Latest News

SOUTHBANK
₹41.40
South Indian Bank
7D
7.6%
1Y
44.6%
Narrative Update • May 19

SOUTHBANK: Upcoming Results And Dividend Decision Will Support Bullish Outlook

Analysts have revised their price target for South Indian Bank from ₹44.80 to ₹48.00, citing updated assumptions around revenue growth, profit margins, discount rate and forward P/E that slightly adjust their valuation framework. What's in the News Board meeting on May 6, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to discuss a dividend recommendation for FY 2025-26 (Key Developments).
UCOBANK
₹24.53
UCO Bank
7D
-3.2%
1Y
-20.9%
KARURVYSYA
₹286.55
Karur Vysya Bank
7D
2.3%
1Y
51.8%
Narrative Update • May 17

KARURVYSYA: Steadier Outlook Will Hinge On Leadership Continuity And Governance Decisions

Analysts have lifted their price target for Karur Vysya Bank from about ₹222 to roughly ₹305, citing updated assumptions for revenue growth, profit margin, and future P/E that they believe support a higher fair value estimate. What's in the News A board meeting is scheduled for May 7, 2026 to consider and approve the audited financial results for the quarter and year ended March 31, 2026, and to recommend any dividend on the equity shares.
HDFCBANK
₹759.50
HDFC Bank
7D
1.3%
1Y
-21.2%
Narrative Update • May 17

HDFCBANK: Governance Actions And Dividends Will Support Future Share Price Rebound

Analysts have slightly trimmed their fair value estimate for HDFC Bank, with the price target moving marginally lower from about ₹1,041.89 to ₹1,041.08, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E. What's in the News Board meeting on March 26, 2026 to consider re appointing Dr. Sunita Maheshwari as an independent director for a three year term from March 30, 2026 to March 29, 2029, subject to shareholder approval (Board Meeting).
532215
₹1,249.55
Axis Bank
7D
-0.5%
1Y
4.3%
Narrative Update • May 16

532215: EV Financing Partnership Will Support Stronger Long Term Outlook

Analysts have lifted Axis Bank's price target from ₹1,483.92 to ₹1,581.45, citing updated assumptions around revenue growth, profit margins and future P/E, which they say support a higher fair value estimate. What's in the News Axis Bank has scheduled a board meeting on April 25, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, consider a final dividend for the year, evaluate fund raising options, and approve convening the 32nd Annual General Meeting (Key Developments).
SBIN
₹950.90
State Bank of India
7D
-2.0%
1Y
20.8%
CANBK
₹127.66
Canara Bank
7D
-1.2%
1Y
18.4%
BANKINDIA
₹139.17
Bank of India
7D
-1.0%
1Y
18.0%
Analysis Article • May 12

Is Now The Time To Put Bank of India (NSE:BANKINDIA) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
BANKBARODA
₹263.55
Bank of Baroda
7D
0.7%
1Y
9.2%
500247
₹383.15
Kotak Mahindra Bank
7D
1.4%
1Y
-7.5%
Narrative Update • May 11

500247: Dividend And Governance Decisions Will Support Future Upside Potential

Analysts have reduced their fair value estimate for Kotak Mahindra Bank from ₹468.47 to ₹461.33, citing updated assumptions that include slightly softer revenue expectations, a modestly higher profit margin outlook, and a somewhat lower future P/E multiple. What's in the News Kotak Mahindra Bank's board has recommended a dividend of ₹0.65 per equity share with a face value of ₹1 for the year ended March 31, 2026, subject to shareholder approval (Key Developments).
MAHABANK
₹78.75
Bank of Maharashtra
7D
-1.5%
1Y
53.7%
New Narrative • May 10

Renewable Lending And Branch Expansion Will Support Resilient Long Term Performance

Catalysts About Bank of Maharashtra Bank of Maharashtra is a public sector bank with a nationwide branch network that offers retail, agriculture, MSME, corporate banking and treasury services. What are the underlying business or industry changes driving this perspective?
PNB
₹102.22
Punjab National Bank
7D
-0.5%
1Y
0.3%
IDBI
₹73.30
IDBI Bank
7D
3.0%
1Y
-22.5%
FEDERALBNK
₹289.90
Federal Bank
7D
3.5%
1Y
44.4%
ICICIBANK
₹1,237.30
ICICI Bank
7D
0.1%
1Y
-14.4%
UNIONBANK
₹159.00
Union Bank of India
7D
-2.1%
1Y
14.0%