Nifty Private Bank Index: A Comprehensive Guide (2025)
The Nifty Private Bank Index tracks the performance of the top private sector banks listed on the NSE.
Nifty Private Index Stocks
Tuesday, 11 February, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AXBK | Axis Bank Ltd | AXISBANK | /stocks/axis-bank-AXBK | Private Banks | 1,011.75 | 1,339.65 | 933.50 | 313,228.86 | 11.87 | 16.96 | 1.99 | 0.10 | 18.34 | -3.34 | 24.94 | 36.52 | Largecap | Banks | Banks | Diversified Banks | -0.91 |
| BANH | Bandhan Bank Ltd | BANDHANBNK | /stocks/bandhan-bank-BANH | Private Banks | 148.91 | 223.45 | 137.00 | 23,988.98 | 10.76 | 16.96 | 1.11 | 1.01 | 10.82 | -25.80 | -53.68 | -67.45 | Smallcap | Banks | Banks | Regional Banks | -2.24 |
| CTBK | City Union Bank Ltd | CUB | /stocks/city-union-bank-CTBK | Private Banks | 171.58 | 187.90 | 125.40 | 12,713.83 | 12.52 | 16.96 | 1.51 | 0.87 | 12.81 | 31.18 | 22.64 | -25.59 | Smallcap | Banks | Banks | Diversified Banks | -1.75 |
| FED | Federal Bank Ltd | FEDERALBNK | /stocks/federal-bank-FED | Private Banks | 186.56 | 217.00 | 139.65 | 45,804.75 | 11.80 | 16.96 | 1.48 | 0.64 | 14.53 | 27.21 | 78.61 | 107.17 | Midcap | Banks | Banks | Diversified Banks | -0.98 |
| HDBK | HDFC Bank Ltd | HDFCBANK | /stocks/hdfc-bank-HDBK | Private Banks | 1,715.75 | 1,880.00 | 1,363.55 | 1,312,579.58 | 20.49 | 16.96 | 2.79 | 1.13 | 16.86 | 23.44 | 12.50 | 38.33 | Largecap | Banks | Banks | Diversified Banks | -0.94 |
| ICBK | ICICI Bank Ltd | ICICIBANK | /stocks/icici-bank-ICBK | Private Banks | 1,262.60 | 1,362.35 | 985.25 | 891,659.46 | 20.15 | 16.96 | 3.30 | 0.79 | 18.02 | 26.75 | 56.75 | 136.46 | Largecap | Banks | Banks | Diversified Banks | 0.45 |
| IDFB | IDFC First Bank Ltd | IDFCFIRSTB | /stocks/idfc-first-bank-IDFB | Private Banks | 62.91 | 86.10 | 56.43 | 46,054.70 | 15.65 | 16.96 | 1.43 | 0.00 | 10.12 | -20.57 | 33.14 | 52.51 | Midcap | Banks | Banks | Diversified Banks | -2.24 |
| INBK | Indusind Bank Ltd | INDUSINDBK | /stocks/indusind-bank-INBK | Private Banks | 1,068.00 | 1,576.35 | 923.70 | 83,202.72 | 9.27 | 16.96 | 1.32 | 1.54 | 15.19 | -26.20 | 9.84 | -16.23 | Midcap | Banks | Banks | Diversified Banks | -0.74 |
| KTKM | Kotak Mahindra Bank Ltd | KOTAKBANK | /stocks/kotak-mahindra-bank-KTKM | Private Banks | 1,960.15 | 1,965.00 | 1,543.85 | 389,715.09 | 21.40 | 16.96 | 3.00 | 0.10 | 15.03 | 14.66 | 4.98 | 17.42 | Largecap | Banks | Banks | Diversified Banks | 0.14 |
| RATB | RBL Bank Ltd | RBLBANK | /stocks/rbl-bank-RATB | Private Banks | 168.23 | 277.25 | 146.10 | 10,224.83 | 8.12 | 16.96 | 0.69 | 0.89 | 8.88 | -30.98 | 14.91 | -49.29 | Smallcap | Banks | Banks | Diversified Banks | -0.47 |
Nifty Private Bank Index
The private banking sector in India has consistently been a key driver of economic growth. For investors interested in this sector, the Nifty Private Bank Index offers a clear measure of its performance. The Nifty Private Bank Index provides a focused lens into the sector’s dynamics by tracking the Nifty private bank share price movements of major private banks in India. It is essential for investors who are either directly investing in banking stocks or managing portfolios related to the financial services industry. Let’s now look at the Nifty Private Bank Index, its composition, calculation, stock selection criteria, and how investors can gain exposure to it.
What is the Nifty Private Bank Index?
The Nifty Private Bank Index, introduced on 1st April 2005, serves as a benchmark for tracking the performance of private sector banks in India. It is one of the key sectoral indices in the Indian financial market, reflecting the overall growth and trends within private banking.
Unlike other broader indices like the Nifty 50, which encompasses companies from various sectors, the private bank index is specifically designed to monitor the financial health and market performance of pvt banks in India. This targeted focus makes it an essential tool for investors looking at private banks in India.
How is Nifty Private Bank Calculated?
The Nifty Private Bank Index is calculated using the free-float market capitalisation method, where only shares available for trading are considered. This methodology ensures that the index reflects the actual market movements more accurately.
The index is capped in that no single stock can hold more than 33% of the total Nifty Pvt bank weightage, and the top three stocks cumulatively cannot exceed 62%. The base value of the index is 1,000, and it is rebalanced semi-annually in January and July. To know about the current Nifty private bank in India list, check out the table mentioned above.
Composition of Nifty Private Bank
The Nifty Private Bank Index consists of 10 constituents as of September 2024. The Nifty Pvt bank stocks list includes some of the largest private banks in India:
| Private Bank | Weightage |
| HDFC Bank Ltd | 20.66% |
| Kotak Mahindra Bank Ltd | 20.53% |
| Axis Bank Ltd | 20.43% |
| ICICI Bank Ltd | 20.41% |
| IndusInd Bank Ltd | 7.90% |
| Federal Bank Ltd | 3.97% |
| IDFC First Bank Ltd | 2.77% |
| Bandhan Bank Ltd | 1.36% |
| RBL Bank Ltd | 1.00% |
| City Union Bank Ltd | 0.97% |
The heavyweights—HDFC Bank, Kotak Mahindra Bank, Axis Bank, and ICICI Bank—dominate the nifty private bank weightage. Together, they account for over 80% of the index’s total value, making their performance crucial to the index’s movement.
How Are Stocks Selected for Inclusion in the Nifty Private Bank Index?
The process of selecting stocks for the Nifty Private Bank Index follows a systematic set of criteria. To be included, a bank must meet the following standards:
- The bank must be a part of the Nifty 500 at the time of the review. If there are fewer than 10 eligible private banks, the top-ranking private banks listed in NSE based on market capitalisation and liquidity are considered.
- Banks with 50% or more government ownership are excluded.
- The bank’s stock must trade at least 90% of the days over the last six months.
- It must have a listing history of at least one month.
- The stock must have sufficient free-float market capitalisation.
These rigorous standards ensure that the Nifty Private Bank Index remains relevant and reflective of the market’s best-performing private banks.
How to Invest in the Nifty Private Bank Index?
Here is how you can invest in the Nifty Bank Index in NSE:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top stocks on the nifty Bank Index that are of interest to you. Investors can use tools like the Tickertape Stocks Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the top Nifty Pvt Bank Index stocks today NSE India of your choice.
What is the Objective of the Nifty Private Bank Index?
The main objective of the Nifty Private Bank Index is to track and reflect the performance of private sector banks in India. It serves as a critical tool for benchmarking portfolios and launching various investment products like ETFs and mutual funds. Given the key role private banks play in India’s economy, the index provides valuable insights into the sector’s growth and overall financial health. To get a Nifty private banks in India list of the best pvt banks in India along with public banks, check out this article.
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Frequently Asked Questions (FAQs) About the Nifty Private Bank Index
What are Nifty Private Bank stocks?
Nifty Private Bank stocks include the shares of private sector banks that are part of the Nifty Private Bank Index. The current list includes major players like HDFC Bank, ICICI Bank, and Axis Bank.
How to invest in Nifty Private Bank?
You can invest in the Nifty Private Bank Index through ETFs, index funds, or by purchasing individual stocks from the list of top private banks in India, which includes some of the top private banks in India by market capitalisation.
How has Nifty Private Bank performed relative to Nifty 50?
Historically, the Nifty Private Bank Index has shown periods of significant outperformance relative to the Nifty 50, particularly during times of economic growth.
Is investment in Nifty Private Bank safe?
Like any equity investment, the Nifty Private Bank Index carries risk. However, its composition of strong private banks provides a relatively stable investment compared to smaller, less-established companies.
Can you trade shares on Nifty Private Bank?
Yes, you can trade shares of the banks included in the Nifty Private Bank Index just like any other stocks on the NSE.
