The Indian banking industry has historically demonstrated remarkable stability on a global scale, even amidst international disruptions. The government has consistently aimed to enhance financial inclusion through various initiatives designed to integrate the underbanked population into the banking system.
In 2024, total assets in the public banking sector amounted to US$ 1,861.72 billion, while the private banking sector held assets of US$ 1,264.28 billion. Public sector banks represented 59.53 percent of the total banking assets, which encompass public, private, and foreign banks.
In terms of interest income, public banks generated US$ 128.1 billion in 2024, whereas the private banking sector reported interest income of US$ 95.7 billion.
Following are a few bank stocks that are currently trading up to 41 percent down from their 52-week high:
South Indian Bank Limited
With a market cap of Rs. 6,517 crores, the stock surged by 0.3 percent on BSE to Rs. 25.09 during the trading session of Monday.
The stock hit its 52-week high at Rs. 36.91 on 2nd February, and compared to Monday’s closing price of Rs. 24.91, the stock is trading at a discount of nearly 33 percent.
The company reported a significant growth in net interest income (NII) with around a 10.6 percent YoY rise from Rs. 3,012 crores in FY23 to Rs. 3,332 crores in FY24. Similarly, the net profit increased by about 38 percent YoY from Rs. 775.3 crores to Rs. 1,070 crores, over the same period.
The stock has delivered positive returns of nearly 12.2 percent in the last one year, as well as around 1 percent returns year-to-date.
UCO Bank
With a market cap of Rs. 55,475.7 crores, the stock surged by nearly 6 percent on BSE to Rs. 48.4 during the trading session of Monday.
The stock hit its 52-week high at Rs. 70.66 on 8th February, and compared to Monday’s closing price of Rs. 46.4, the stock is trading at a discount of nearly 34 percent.
The company reported a significant growth in net interest income (NII) with around a 10.3 percent YoY rise from Rs. 7,343 crores in FY23 to Rs. 8,100.8 crores in FY24. However, the net profit decreased by about 8.5 percent YoY from Rs. 1,826.3 crores to Rs. 1,671.6 crores, over the same period.
The stock has delivered positive returns of nearly 30 percent in the last one year, as well as around 16 percent returns year-to-date.
Union Bank of India
With a market cap of Rs. 85,229.2 crores, the stock surged by 1.6 percent on BSE to Rs. 114.15 during the trading session of Monday.
The stock hit its 52-week high at Rs. 172.45 on 3rd June, and compared to Monday’s closing price of Rs. 111.65, the stock is trading at a discount of nearly 35 percent.
The company reported a significant growth in net interest income (NII) with around a 6.4 percent YoY rise from Rs. 8,949 crores in Q1 FY24 to Rs. 9,523 crores in Q1 FY25. Similarly, the net profit increased by about 11 percent YoY from Rs. 3,240.4 crores to Rs. 3,601 crores, over the same period.
The stock has delivered positive returns of nearly 17.5 percent in the last one year, but around 7.6 percent of negative returns year-to-date.
YES Bank Limited
With a market cap of Rs. 65,891 crores, the stock surged by 2 percent on BSE to Rs. 21.51 during the trading session of Monday.
The stock hit its 52-week high at Rs. 32.81 on 9th February, and compared to Monday’s closing price of Rs. 21.02, the stock is trading at a discount of nearly 36 percent.
The company reported a significant growth in net interest income (NII) with around a 12.2 percent YoY rise from Rs. 1,996 crores in Q1 FY24 to Rs. 2,239.7 crores in Q1 FY25. Similarly, the net profit increased by about 48.8 percent YoY from Rs. 346.7 crores to Rs. 516 crores, over the same period.
The stock has delivered positive returns of nearly 30 percent in the last one year, but around 7.2 percent of negative returns year-to-date.
RBL Bank Limited
With a market cap of Rs. 10,710.4 crores, the stock slumped by 14.7 percent on BSE to hit a new 52-week low at Rs. 175.1 during the trading session of Monday.
The stock hit its 52-week high at Rs. 300.5 on 11th January, and compared to Monday’s closing price of Rs. 176.25, the stock is trading at a discount of nearly 41 percent.
The company reported a significant growth in net interest income (NII) with around a 9.5 percent YoY rise from Rs. 1,475 crores in Q1 FY24 to Rs. 1,615 crores in Q1 FY25. However, the net profit decreased by about 30 percent YoY from Rs. 331 crores to Rs. 231.7 crores, over the same period.
The stock has delivered negative returns of nearly 23.6 percent in the last one year, as well as around 38.2 percent returns year-to-date.
Written by Shivani Singh
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