These Banking Sector stocks jumped over 34 per cent in just a month; do you have any?
The Indian banking system consists of 12 public sector banks, 22 private sector banks and 46 foreign banks.
The domestic indices ended the day in the green. BSE Sensex Index is up 0.76 per cent at a level of 61,112.44 with the BSE Mid-Cap Index up by 1.32 per cent and BSE Small-Cap Index up by 0.91 per cent. The BSE Bankex Index was up by 0.39 per cent in 1 day and over 9 per cent in a month.
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world.
The Indian banking system consists of 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions As of September 2021, the total number of ATMs in India reached 213,145 out of which 47.5 per cent are in rural and semi-urban areas.
Following are the Banking Sector stocks that jumped over 34 per cent in just 1 month:
Do you have any of these stocks in your portfolio?