About the smallcase

The Indian banking system consists of 12 public sector banks, 22 private sector banks, 46 foreign banks, 43 regional rural banks, 1540 urban as well as multi state cooperative banks and 93,913 rural cooperative banks, in addition to cooperative credit institutions.

As of FY2019 the total banking sector assets, in India, stood at US$ 2295.42 bn. Between FY2016 and FY2020, credit off take grew by 1.68x to US$ 1936.29 bn and the deposit base increased by 1.16x to US$ 1698.97 bn.

  • Growing disposable income has been driving the demand for banking services as well as housing and personal loans. 
  • Government has also been keen on ensuring financial inclusion and has operationalized several measures like Pradhan Mantri Jan Dhan Yojana, launching of financial inclusion index etc. 
  • To further consolidate the financial capacity of Public Sector Banks (PSBs), a recapitalization of ₹20,000 crores is proposed in Budget 2021-22.
  • Strong regulatory oversight and credible monetary policy of the Reserve Bank of India has allowed for stable growth of the banking sector in India. 
  • Growth in "Other Income" and increasing digital influence are some of the other positive trends in the Indian banking space. 

This smallcase comprises private and public sector banks to allow investors to efficiently track and invest in the banking sector.

Past Performance vs 

Equity Large Cap

Current value of ₹ 100 invested once
at launch

Apr 4, 2016

would be
Banking Tracker
₹ 159.24
Equity Large Cap
₹ 201.94

Note: All performance graphs & numbers are calculated using only the live data and includes rebalances. Past performance doesn't include cost or guarantee future returns.