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indicesnifty bank
fundamentals

Nifty Bank

Factsheet
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE). Nifty Bank Index is computed using free float market capitalization method. Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
58,040.458.8 (0.02%) D
Value
Quality

Value

We look at aggregate consolidated P/E, P/B and Dividend Yield of the index as reported by NSE. Note that P/E values before 31st March 2021 are based on our own calculations
Current
1.87
Average (3Y)
2.43
Average (5Y)
2.55
P/B ratio is shown as reported by NSE.

Quality

We look at aggregate quality measures of the index like ROE, ROCE and margins. Numerator and denominator are separately calculated as weighted averages.
Latest as on 30 Sep 2025
8.70

Frequently Asked Questions

What is the current P/E ratio of Nifty Bank?
The current P/E ratio of Nifty Bank is 14.59. Historical P/E trend charts are available in the Value section of the Fundamentals tab.
Is Nifty Bank overvalued or undervalued based on current P/E?
Valuation context for Nifty Bank — comparing current P/E and P/B to their historical averages — is available in the Value section of the Fundamentals tab.
What is the P/B ratio of Nifty Bank?
The current P/B (Price-to-Book) ratio of Nifty Bank is 1.87 Historical P/B trend charts are in the Value section of the Fundamentals tab.
What is the dividend yield of Nifty Bank?
The aggregate dividend yield of Nifty Bank is 0.80%. Dividend yield tends to be inversely related to market valuations — a lower yield often coincides with higher price multiples. Historical dividend yield data is in the Value section of the Fundamentals tab.
What is the 10-year average P/E of Nifty Bank?
The 10-year average P/E of Nifty Bank is shown in the Value section of the Fundamentals tab as a reference line on the historical P/E chart.
What is the ROE of Nifty Bank's constituent stocks?
The aggregate Return on Equity (ROE) of Nifty Bank constituents is 14.83%. ROE measures how efficiently constituent companies generate profit from shareholder equity. An ROE above 10% reflects moderate capital efficiency. Historical ROE trends are in the Quality section of the Fundamentals tab.
What is the ROCE of Nifty Bank's constituent stocks?
The aggregate Return on Capital Employed (ROCE) of Nifty Bank constituents is 8.70%, alongside a ROE of 14.83%. ROCE measures profitability relative to total capital (debt + equity) and is a better indicator of capital efficiency for debt-heavy sectors. Historical ROCE data is in the Quality section of the Fundamentals tab.
What is the net profit margin of Nifty Bank's constituents?
The net profit margin and operating margin of Nifty Bank's constituents are shown in the Quality section of the Fundamentals tab.
What are the quality metrics of Nifty Bank?
Key quality metrics of Nifty Bank constituents — ROCE: 8.70%, ROE: 14.83%, PAT margin: 24.10%, Operating margin: 29.55% — reflect the aggregate profitability and efficiency of the index portfolio. ROE of 14.83% indicates how well constituent companies utilise shareholder equity. The full quality breakdown with historical trends is in the Quality section of the Fundamentals tab.
What is the financial health of Nifty Bank's constituents?
The financial health of Nifty Bank's constituent companies — including debt ratios and interest coverage — is shown in the Financial Health section of the Fundamentals tab.