Based on current RS Ratings, the strongest Banks stocks in India are The Karnataka Bank Ltd. (RS 91), ESAF Small Finance Bank Ltd. (RS 90), Tamilnad Mercantile Bank Ltd. (RS 87). These stocks have the highest relative strength compared to all other stocks in the market. RS Rating is updated daily on sharpely. Currently, 7 of 41 stocks (17%) in this group have an RS Rating above 80, placing them in the market's strongest 20%.
Banks Stocks in India
41 stocks · 3 industriesNSE Industry GroupPart of Financial Services sectorUpdated 15 Oct 2026
Market Statistics
Breadth — stocks above 200 EMA
54%
Moderate — 54% above 200 EMA
RS Rating — in market's strongest 20%
7 of 41
17% of stocks are top performers
Average P/E
12.9x
Industry group average
Stocks outperforming Nifty 50 (1Y)
78.0%
Strong — 78.0% beat Nifty
Current outlook
Auto‑updated dailyThe Banks industry group shows moderate breadth - 54% of 41 stocks above 200 EMA. On the relative strength front, 7 of 41 stocks (17%) carry an RS Rating in the market's strongest 20%, suggesting some pockets of strength but limited overall leadership.
From a valuation perspective, attractive valuation - the group trades at a average P/E of 12.9x, which is 17% below the sector average of 15.5x, potentially offering a margin of safety. Meanwhile, strong relative performance — 78.0% of stocks beat Nifty 50 in the last year.
Within the group, Private Sector Bank shows the strongest breadth at 70% above 200 EMA, while Public Sector Bank is lagging at 33%. This significant divergence suggests rotation within the group, with investors favouring Private Sector Bank over Public Sector Bank.
Last updated: 15 Oct 2026 · Based on end‑of‑day data
Top stocks by RS Rating
7 of 41 stocks (17%) are in the market's strongest 20% — showing top 4 stocks by RS Rating
All stocks in Banks
41 stocks across 3 industries
Stocks
12
P/E
7.5x
ROCE
9.4%
Above 200 EMA
33%
RS Stars
0 of 12
| Company | RS Rating | Market Cap (Cr) | P/E | ROCE % | PAT Margin % | 1Y Return | 200 EMA |
|---|---|---|---|---|---|---|---|
State Bank Of India | 53 | 8,87,524 | 10.7 | 8.9 | 20.7 | +12.0% | ↓ No |
Punjab National Bank | 65 | 1,32,226 | 6.0 | 11.0 | 36.5 | +1.7% | ↑ Yes |
Union Bank Of India | 66 | 1,31,817 | 6.4 | 13.0 | 34.3 | +26.9% | ↑ Yes |
Bank Of Baroda | 33 | 1,17,907 | 6.5 | 8.8 | 23.6 | -12.9% | ↓ No |
Indian Bank | 59 | 1,12,471 | 8.8 | 13.5 | 32.0 | +9.8% | ↑ Yes |
Canara Bank | 38 | 1,06,353 | 5.4 | 10.4 | 30.8 | -7.0% | ↓ No |
Bank Of Maharashtra | 77 | 61,655.5 | 8.2 | 14.1 | 42.1 | +41.5% | ↑ Yes |
Bank Of India | 43 | 59,366.801 | 5.0 | 7.4 | 32.1 | +4.5% | ↓ No |
Indian Overseas Bank | 35 | 59,194.801 | 9.9 | 8.5 | 29.7 | -21.4% | ↓ No |
UCO Bank | 32 | 29,543.199 | 10.5 | 10.2 | 19.1 | -23.5% | ↓ No |
Showing 10 of 12 stocksView all →
Stocks
20
P/E
13.1x
ROCE
9.0%
Above 200 EMA
70%
RS Stars
6 of 20
| Company | RS Rating | Market Cap (Cr) | P/E | ROCE % | PAT Margin % | 1Y Return | 200 EMA |
|---|---|---|---|---|---|---|---|
ICICI Bank Ltd. | 60 | 9,97,558 | 17.8 | 13.3 | 24.6 | +1.4% | ↑ Yes |
HDFC Bank Ltd. | 29 | 9,71,614 | 12.3 | 7.3 | 25.5 | -25.7% | ↓ No |
Kotak Mahindra Bank Ltd. | 75 | 4,45,615 | 22.0 | 9.6 | 24.9 | +5.8% | ↑ Yes |
Axis Bank Ltd. | 59 | 4,01,066 | 14.4 | 7.4 | 31.2 | +9.1% | ↑ Yes |
IDBI Bank Ltd. | 52 | 89,728.797 | 9.6 | 13.0 | 46.4 | -8.5% | ↓ No |
Showing 5 of 20 stocksView all →
Stocks
9
P/E
236.9x
ROCE
2.0%
Above 200 EMA
44%
RS Stars
1 of 9
| Company | RS Rating | Market Cap (Cr) | P/E | ROCE % | PAT Margin % | 1Y Return | 200 EMA |
|---|---|---|---|---|---|---|---|
AU Small Finance Bank Ltd. | 68 | 75,380.297 | 26.4 | 11.0 | 22.6 | +30.5% | ↑ Yes |
Ujjivan Small Finance Bank Ltd. | 72 | 12,596.6 | 13.9 | 6.6 | 21.6 | +35.2% | ↑ Yes |
Equitas Small Finance Bank Ltd. | 63 | 7,812.13 | 15.3 | 1.3 | 10.9 | +19.7% | ↓ No |
Jana Small Finance Bank Ltd. | 73 | 5,083.16 | 13.4 | 3.5 | 10.0 | +0.2% | ↓ No |
Utkarsh Small Finance Bank Ltd. | 39 | 2,397.02 | — | -26.9 | -49.5 | -29.0% | ↓ No |
Showing 5 of 9 stocksView all →
Showing 3 of 3 industriesExplore complete stock list with fundamentals & technical data
Explore Banks →Market breadth breakdown
Percentage of stocks in this group meeting each technical condition — updated daily
Above 200 EMA
54%
Above 200 SMA
46%
Above 50 EMA
37%
Above 50 SMA
32%
Outperf Nifty 50 (1Y)
78%
Outperf Nifty 50 (6M)
68%
Outperf Nifty 50 (3M)
59%
RSI above 70
0%
RSI below 30
0%
Near 52W High
22%