IDFC First Bank: Best performing bank of 2021
Banks have majorly underperformed in the year 2020. However, they are showing steady performance in 2021 so far with all major banks managing to beat Sensex returns in January 2021 till now.
IDFC First Bank is up by more than 24 per cent on a YTD basis; thus, becoming the best performing bank of 2021 on bourses. Another surprising performance is that of J&K Bank, which is up by more than 16 per cent on a YTD basis. Bank of Baroda is another PSU bank that managed to surprise investors with its performance on the bourses. It is up by more than 13 per cent on a YTD basis.
Following is the list of top 10 performing banks on a YTD basis:-
Company Name
|
Market Cap (Rs crore)
|
Returns from January 1, 2021 to January 18,2021 (per cent)
|
IDFC First Bank Ltd
|
26435.76
|
24.6
|
Jammu & Kashmir Bank Ltd
|
2029.77
|
16.36
|
Bank Of Baroda
|
33707.03
|
13.1
|
Karnataka Bank Ltd
|
1972.47
|
8.74
|
Equitas Small Finance Bank Ltd
|
4655.44
|
8.34
|
Bank Of Maharashtra
|
9676.23
|
7.9
|
RBL Bank Ltd
|
14606.58
|
5.76
|
CSB Bank Ltd
|
4010.3
|
5.67
|
Axis Bank Ltd
|
200876.33
|
5.31
|