Financial Services

Sector overview

Total Companies: 329
Total Market Cap (₹ Cr): 1,15,48,550
Top 3 Market Cap (₹ Cr): 30,01,597
Sector Concentration: 25.99%
Weighted P/E: 34.14
Weighted P/B: 3.21
Avg Dividend Yield: 0.77%
Avg Qtrly Profit Growth (YoY): 101.34%
Avg Qtrly Sales Growth (YoY): —
Avg Sector ROE: 8.79%
Avg Sector ROCE: 10.97%
Avg Debt to Equity: 1.43
Broad Industries: 7
Sub Industries: 14

AI Sector View

AI GENERATED

Buy

Outstanding credit of SCBs 17.5% YoY (2026-07)Outstanding deposits of SCBs 12.6% YoY (2026-07)No. of UPI transactions 22.0% YoY (2026-07)No. of IMPS transactions -24.0% YoY (2026-07)Credit card transactions 27.0% YoY (2026-06)M3 money supply 15.0% YoY (2026-07)loan growth 18.3% (Aug/26)deposit growth 14.7% (Aug/26)

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

Financial Services vs Nifty

Financial Services

Nifty Benchmark

Sub Industries

14 sub-industries

S.No.
1.	Bank - Private	29	29	36,15,897	24,97,812	69.08%	69.08%	18.32	1.93	18.98	1.27	14	1.06	235.62	0.78	—	8.52%	8.52%	9.70%	0.78	0%	—	0	0	—	7.50%	0.49%	158.40%	—
2.	Bank - Public	12	12	18,06,729	11,90,236	65.88%	65.88%	9.07	1.36	7.68	1.20	7.70	1.06	190.50	1.02	—	15.14%	15.14%	12.45%	1.02	0%	—	0	0	—	16.68%	2.47%	41.60%	—
3.	Depository Services	3	3	61,641	61,641	100%	100%	49.51	11.31	45.49	11.10	45.50	11.94	85	0.15	1	29.13%	29.13%	38.50%	0.15	43.19%	—	0.52	20.09	—	56.42%	1.34%	10.23%	—
4.	Finance - Asset Management	8	8	4,89,272	3,64,447	74.49%	74.49%	93.33	8.23	35.60	7.74	35.60	6.43	129.29	0.02	1	31.26%	31.26%	42.35%	0.02	-22.62%	—	0.50	14.91	—	137.85%	5.44%	219.66%	—
5.	Finance - Housing	17	17	3,12,743	1,58,089	50.55%	50.55%	162.88	1.18	13.88	1.56	10.95	1.52	390.40	3.18	1	10.70%	10.70%	24.64%	3.18	-27.11%	—	0.22	0.29	—	8.72%	0.96%	56.22%	—
6.	Finance - Investment	84	84	5,33,529	3,82,236	71.64%	71.64%	30.91	2.78	21.96	2.24	13.60	0.97	9,314	0.70	1	0.59%	0.59%	1.32%	0.70	-1,291%	—	0.92	4.58	—	3.59%	0.58%	-25.83%	—
7.	Finance - NBFC	101	101	23,11,067	10,43,356	45.15%	45.15%	30.18	2.95	26.35	1.55	18.20	1.24	975.85	1.76	1	9.42%	9.42%	8.94%	1.76	51.19%	—	0.26	1.19	—	6.81%	0.47%	123.78%	—
8.	Finance - Others	6	6	2,41,074	2,25,755	93.65%	93.65%	141.55	14.61	56.74	11.09	57.50	10	114.33	13.97	1	-2.70%	-2.70%	26.02%	13.97	-28.94%	—	5.06	10.66	—	10.89%	0.12%	655.37%	—
9.	Finance - Stock Broking	32	32	3,02,435	1,89,886	62.79%	62.79%	40.44	7.09	29.30	4.19	23.80	1.56	77.81	0.64	1	16.90%	16.90%	18.79%	0.64	24.69%	—	0.56	68.17	—	12.00%	0.56%	234.93%	—
10.	Finance Term Lending	11	11	3,36,381	3,04,916	90.65%	90.65%	17.35	1.29	10.69	1.61	5.45	1.19	78.30	3.09	1	9.15%	9.15%	9.86%	3.09	-4,616%	—	0.48	1.62	—	183.94%	1.29%	18.91%	—
11.	Fintech	11	11	3,66,611	3,24,586	88.54%	88.54%	111.65	7.18	75.85	4.67	40.90	3.98	67.18	0.13	1	2.73%	2.73%	7.68%	0.13	-3.46%	—	1.35	53.71	—	1.63%	0.06%	43.90%	—
12.	Insurance	11	11	11,17,145	7,95,895	71.24%	71.24%	27.57	4.51	41.09	4.92	41.75	5.10	148.73	0.07	1	13.62%	13.62%	14.57%	0.07	-20.75%	—	0.85	0	—	13.79%	0.83%	-25.05%	—
13.	Power Generation/Distribution	1	1	10,161	10,161	100%	100%	20	7.59	28.27	7.59	20	7.59	17	0.01	1	40%	40%	51.80%	0.01	83.72%	—	0.27	1.36	—	63.01%	3.07%	11.57%	—
14.	Ratings	3	3	43,865	43,865	100%	100%	35.97	9.11	27.98	6.40	28	4.66	680.33	0.04	1	21.33%	21.33%	29.40%	0.04	34.55%	—	0.59	38.36	—	51.46%	1.62%	27.58%	—

Stocks in this sector

S.No.	Name
1.	CRISIL Ltd.	Ratings	Ratings	34,330	4,698	38.80	10.42	447	1.30%	38%	27.50%	1
2.	Care Ratings Ltd.	Ratings	Ratings	4,970	1,650	28	4.66	319	1.33%	27.40%	20.10%	10
3.	ICRA Ltd.	Ratings	Ratings	4,565	4,729	23.40	4.11	1,275	2.22%	22.80%	16.40%	10

Headlines

Latest news for this sector

Sub Industries

14 sub-industries

S.No.
1.	Bank - Private	29	29	36,15,897	24,97,812	69.08%	69.08%	18.32	1.93	18.98	1.27	14	1.06	235.62	0.78	—	8.52%	8.52%	9.70%	0.78	0%	—	0	0	—	7.50%	0.49%	158.40%	—
2.	Bank - Public	12	12	18,06,729	11,90,236	65.88%	65.88%	9.07	1.36	7.68	1.20	7.70	1.06	190.50	1.02	—	15.14%	15.14%	12.45%	1.02	0%	—	0	0	—	16.68%	2.47%	41.60%	—
3.	Depository Services	3	3	61,641	61,641	100%	100%	49.51	11.31	45.49	11.10	45.50	11.94	85	0.15	1	29.13%	29.13%	38.50%	0.15	43.19%	—	0.52	20.09	—	56.42%	1.34%	10.23%	—
4.	Finance - Asset Management	8	8	4,89,272	3,64,447	74.49%	74.49%	93.33	8.23	35.60	7.74	35.60	6.43	129.29	0.02	1	31.26%	31.26%	42.35%	0.02	-22.62%	—	0.50	14.91	—	137.85%	5.44%	219.66%	—
5.	Finance - Housing	17	17	3,12,743	1,58,089	50.55%	50.55%	162.88	1.18	13.88	1.56	10.95	1.52	390.40	3.18	1	10.70%	10.70%	24.64%	3.18	-27.11%	—	0.22	0.29	—	8.72%	0.96%	56.22%	—
6.	Finance - Investment	84	84	5,33,529	3,82,236	71.64%	71.64%	30.91	2.78	21.96	2.24	13.60	0.97	9,314	0.70	1	0.59%	0.59%	1.32%	0.70	-1,291%	—	0.92	4.58	—	3.59%	0.58%	-25.83%	—
7.	Finance - NBFC	101	101	23,11,067	10,43,356	45.15%	45.15%	30.18	2.95	26.35	1.55	18.20	1.24	975.85	1.76	1	9.42%	9.42%	8.94%	1.76	51.19%	—	0.26	1.19	—	6.81%	0.47%	123.78%	—
8.	Finance - Others	6	6	2,41,074	2,25,755	93.65%	93.65%	141.55	14.61	56.74	11.09	57.50	10	114.33	13.97	1	-2.70%	-2.70%	26.02%	13.97	-28.94%	—	5.06	10.66	—	10.89%	0.12%	655.37%	—
9.	Finance - Stock Broking	32	32	3,02,435	1,89,886	62.79%	62.79%	40.44	7.09	29.30	4.19	23.80	1.56	77.81	0.64	1	16.90%	16.90%	18.79%	0.64	24.69%	—	0.56	68.17	—	12.00%	0.56%	234.93%	—
10.	Finance Term Lending	11	11	3,36,381	3,04,916	90.65%	90.65%	17.35	1.29	10.69	1.61	5.45	1.19	78.30	3.09	1	9.15%	9.15%	9.86%	3.09	-4,616%	—	0.48	1.62	—	183.94%	1.29%	18.91%	—
11.	Fintech	11	11	3,66,611	3,24,586	88.54%	88.54%	111.65	7.18	75.85	4.67	40.90	3.98	67.18	0.13	1	2.73%	2.73%	7.68%	0.13	-3.46%	—	1.35	53.71	—	1.63%	0.06%	43.90%	—
12.	Insurance	11	11	11,17,145	7,95,895	71.24%	71.24%	27.57	4.51	41.09	4.92	41.75	5.10	148.73	0.07	1	13.62%	13.62%	14.57%	0.07	-20.75%	—	0.85	0	—	13.79%	0.83%	-25.05%	—
13.	Power Generation/Distribution	1	1	10,161	10,161	100%	100%	20	7.59	28.27	7.59	20	7.59	17	0.01	1	40%	40%	51.80%	0.01	83.72%	—	0.27	1.36	—	63.01%	3.07%	11.57%	—
14.	Ratings	3	3	43,865	43,865	100%	100%	35.97	9.11	27.98	6.40	28	4.66	680.33	0.04	1	21.33%	21.33%	29.40%	0.04	34.55%	—	0.59	38.36	—	51.46%	1.62%	27.58%	—