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IDFC First Bank: Best performing bank of 2021

Shreya Chaware
/ Categories: Trending, DSIJ News
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IDFC First Bank: Best performing bank of 2021

Banks have majorly underperformed in the year 2020. However, they are showing steady performance in 2021 so far with all major banks managing to beat Sensex returns in January 2021 till now.  

IDFC First Bank is up by more than 24 per cent on a YTD basis; thus, becoming the best performing bank of 2021 on bourses. Another surprising performance is that of J&K Bank, which is up by more than 16 per cent on a YTD basis. Bank of Baroda is another PSU bank that managed to surprise investors with its performance on the bourses. It is up by more than 13 per cent on a YTD basis.  

Following is the list of top 10 performing banks on a YTD basis:- 

Company Name

Market Cap (Rs crore)

Returns from January 1, 2021 to January 18,2021 (per cent)

IDFC First Bank Ltd

26435.76

24.6

Jammu & Kashmir Bank Ltd

2029.77

16.36

Bank Of Baroda

33707.03

13.1

Karnataka Bank Ltd

1972.47

8.74

Equitas Small Finance Bank Ltd

4655.44

8.34

Bank Of Maharashtra

9676.23

7.9

RBL Bank Ltd

14606.58

5.76

CSB Bank Ltd

4010.3

5.67

Axis Bank Ltd

200876.33

5.31

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