NIFTY Private Bank Stocks List 2025: Price & Weightage

My Analysis of the Nifty Private Bank Index

As of May 30, 2025

Nifty Private Bank Index is a usual application that I use to develop a sharp focused image of the performance of privately held banks in India. It is a highly concentrated index and has 10 major banks in the private sector hence making it a sharp benchmarking tool.

The index uses a Periodic Capped Free Float methodology. It is important in that, it imposes limits on the weighting of individual stocks so that the index is not defined unreasonably by only one or the two biggest-large banks. The variant that I am going to utilize in my analysis is the Total Returns Index version because it covers dividends hence better measures up to the amount a specific investment brings to an investor.

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Key Performance & Fundamental Metrics

The following are the basic measures that I consider most effective. Its long-term returns have been very healthy and with the P/E ratio of 17.6 we can say it is fairly priced. .

Index Performance Visualized

To better understand the index's behavior, I've visualized its historical performance and its constituent weights. The long-term chart showcases the strong growth trajectory of the private banking sector. The top constituents chart reveals just how top-heavy this index is, with the top four banks—ICICI, HDFC, Axis, and Kotak—making up over 79% of the entire index.

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NIFTY Private Bank Stocks List

For a more detailed view, here is the complete list of the 10 banks that constitute the index, updated with their latest market data. This table is fully interactive—you can search for a specific bank or sort any column to analyze the data more deeply.

My Notes on the Index Methodology

The rules for inclusion in this index are what give it its specific private-sector focus and ensure a portfolio of large, liquid banks.

• Eligibility Universe: Banks must be part of the Nifty 500.
• Exclusion Rule: Any bank with 50% or more government shareholding is excluded, ensuring a pure-play private sector focus.
• Liquidity: Banks must have a trading frequency of at least 90% in the last six months, and a preference is given to those in the F&O segment.
• Weight Capping: A single stock is capped at 23%, and the cumulative weight of the top 3 stocks is capped at 62% at the time of rebalancing.
• Rebalancing: The index is reconstituted semi-annually.

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