Which is the Indian bank whose stocks are profitable to buy?

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If you invest in the stock market and you have not invested in the banking sector yet, then today I will tell you which Indian banks’ shares you can invest in at the beginning of 2023. By the way, you must be keeping an eye on the share price of all the banks. And by now you must have also understood that investing money in public sector banks is useless. Shares of Public Sector Banks have given very poor returns for the last several decades. But yes some public sector banks give good dividends.

Public Sector Bank Stocks

But still, if you want to invest money in Public Sector Banks and want to get more returns than Fixed Deposits then you can buy State Bank of India (SBI) stocks. Stocks of the State Bank of India (SBI) are continuously performing well. And the biggest reason for this is that the State Bank of India (SBI) is India’s largest public sector bank and if we talk about earnings, then the State Bank of India (SBI) is earning well every quarter.

Private Sector Bank Stocks

You will find many options in the stocks of Private Sector Bank. I will tell you about 5 such stocks in which you can invest. But if you want to invest in them for the short term, then my opinion is that you should not invest. Yes, if you can hold these stocks for the long term then you can get good returns.

  • ICICI bank stocks
  • Kotak Mahindra Bank Stocks
  • HDFC bank stocks
  • IndusInd bank stocks

The IndusInd bank is not performing well right now but it is also a good stock and if you can take risks then you can invest in IndusInd bank. The stocks of the remaining three banks have been performing consistently for the past several years. And I am sure that in the coming years we will give better returns. If I have to choose one stock out of these, I would choose HDFC bank.

By the way, one thing you should always keep in mind is that all the money should not be invested in one stock. You should be able to include at least 3 banking stocks in your portfolio. Apart from this, you can also invest in the shares of finance companies. If we talk about the best finance company, then at this time Bajaj Finance is the market leader.

Whenever you invest in a stock, you must first check its balance sheet. You should see whether the company is making a profit or not. How much is the debt of the company now? And is the company earning so much profit that it can pay its loan? If you keep all these things in mind before investing, then only you can become a good investor.