Figure 1
The graphs feature the following banks: State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Union Bank of India, UCO Bank, Bank of Maharashtra, HDFC, ICICI, Axis Bank, City Bank, Federal Bank, IndusInd Bank, and Kotak Mahindra Bank. For all graphs, the horizontal axis represents years from 2008 to 2024 in increments of 2 units, while the vertical axis shows stock closing prices in Indian Rupees with increments varying by bank. The State Bank of India ranges between Rupees 100 and Rupees 800, Punjab National Bank fluctuates between Rupees 50 and Rupees 300, Bank of Baroda moves within Rupees 50 to Rupees 300, and Canara Bank ranges from Rupees 20 to Rupees 180. The Central Bank of India varies between Rupees 40 and Rupees 140, while the Indian Overseas Bank lies between Rupees 40 and Rupees 240. Indian Bank ranges from Rupees 90 to Rupees 600, UCO Bank between Rupees 20 and Rupees 160, Union Bank of India between Rupees 100 and Rupees 500, and Bank of Maharashtra between Rupees 10 and Rupees 90. On the right page, private sector banks are plotted. HDFC Bank shows consistent growth between Rupees 300 and Rupees 1,800, ICICI Bank ranges between Rupees 200 and Rupees 1,200, and Axis Bank follows a similar upward path from Rupees 200 to Rupees 1,200. City Bank fluctuates between Rupees 30 and Rupees 250, Federal Bank trades between Rupees 20 and Rupees 180, and IndusInd Bank rises sharply from Rupees 100 to Rupees 2,000. Kotak Mahindra Bank demonstrates the strongest upward trajectory, ranging from Rupees 200 to Rupees 2,200.Plots of closing prices of public and private banks. Figure by authors