BSE MidSmall Private Banks Quality Tilt stocks list
BSESector18 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 13.18
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 2.05
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.49%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −4.30%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −7.83%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 30 Oct 2026
What the BSE MidSmall Private Banks Quality Tilt companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 18 companies that filed both.
- +6.1%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 18 companies that filed it; a loss counts as negative.
- ₹9,877 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 18 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 18of 18
- Median ROCEMedian return on capital employed. The middle figure of the 0 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- –year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE MidSmall Private Banks Quality Tilt, each sized by its market cap.
Market cap, ₹ crore
- The Federal Bank₹83,997 Cr
- IndusInd Bank₹65,292 Cr
- AU Small Finance Bank₹64,918 Cr
- IDFC First Bank₹62,084 Cr
- RBL Bank₹54,463 Cr
- Yes Bank₹47,554 Cr
- Karur Vysya Bank₹34,425 Cr
- Bandhan Bank₹24,865 Cr
- City Union Bank₹21,223 Cr
- The South Indian Bank₹14,536 Cr
- The Jammu & Kashmir Bank₹12,905 Cr
- Tamilnad Mercantile Bank₹12,689 Cr
Companies in the BSE MidSmall Private Banks Quality Tilt
Largest first, by market cap.Financial Services sector
The Federal BankFEDERALBNK · Banks₹339.70−2.31%₹83,997 Cr16.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+44.7%
IndusInd BankINDUSINDBK · Banks₹838.00−3.46%₹65,292 Cr21.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.18%+4.6%
AU Small Finance BankAUBANK · Banks₹864.00−1.90%₹64,918 Cr20.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.12%−1.6%
IDFC First BankIDFCFIRSTB · Banks₹72.00−1.88%₹62,084 Cr20.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%−8.8%
RBL BankRBLBANK · Banks₹351.00−2.74%₹54,463 Cr45.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.28%+8.0%
Yes BankYESBANK · Banks₹15.15−1.81%₹47,554 Cr11.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−31.8%
Karur Vysya BankKARURVYSYA · Banks₹356.10+0.45%₹34,425 Cr11.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.73%+45.3%
Bandhan BankBANDHANBNK · Banks₹154.33−4.64%₹24,865 Cr13.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.97%−9.5%
City Union BankCUB · Banks₹214.20−5.60%₹21,223 Cr14.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.93%+21.2%
The South Indian BankSOUTHBANK · Banks₹55.49−1.91%₹14,536 Cr9.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.81%+48.8%
The Jammu & Kashmir BankJ&KBANK · Banks₹117.19−4.14%₹12,905 Cr5.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+10.8%
Tamilnad Mercantile BankTMB · Banks₹801.35−1.29%₹12,689 Cr8.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.56%+65.8%
The Karnataka BankKTKBANK · Banks₹298.20−2.49%₹11,284 Cr7.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.68%+66.1%
Ujjivan Small Finance BankUJJIVANSFB · Banks₹53.09−5.42%₹10,358 Cr9.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+0.6%
DCB BankDCBBANK · Banks₹192.61−3.60%₹6,206 Cr7.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.75%+24.4%
Equitas Small Finance BankEQUITASBNK · Banks₹53.59−6.26%₹6,131 Cr8.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−9.5%
CSB BankCSBBANK · Banks₹295.85−3.82%₹5,133 Cr7.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−28.0%
Jana Small Finance BankJSFB · Banks₹373.50−5.25%₹3,952 Cr8.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−17.5%
About the BSE MidSmall Private Banks Quality Tilt
The BSE MidSmall Private Banks Quality Tilt is an index of companies in the BSE 1000, excluding the BSE 100 LargeCap TMC, that are classified as Private Sector Bank or Other Bank, weighted by float-adjusted market capitalization and a quality score. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
The universe is the companies in the BSE 1000 that trade under a permitted category at BSE.
Companies are ranked by average free-float market capitalization, and only those ranking above the 25th percentile are retained.
Companies in the BSE Large Cap 100 TMC are then excluded, and the companies classified as Private Banks or Other Banks under the Basic Industry form the index.
How it is weighted
Constituents are weighted by the product of float-adjusted market capitalization and a quality score, with an individual stock weight cap of 33%. The capping algorithm redistributes the excess weight to the other stocks in proportion to their initial weights.
The quality score starts from two ratios: return on equity, a company's trailing 12-month earnings per share divided by its latest book value per share, and the financial leverage ratio, its latest total debt divided by its book value.
Each ratio is turned into a z-score, a standardised value that lets ratios on different scales be combined, using the mean and standard deviation within the index universe and a separate formula for each ratio, and a simple average of the two scores is taken. An average above 0 gives a quality score of 1 plus the average; an average below 0 gives 1 divided by 1 minus the average; an average of 0 gives 1.
Outlier ratios are winsorized, meaning values beyond the 2.5 and 97.5 percentile ranks are set equal to the values at those ranks. Average z-scores above 4 or below -4 are set to 4 or -4.
When it is reviewed
The index is rebalanced semi-annually, in Jun and Dec. Individual stock weight caps are applied quarterly, at the open of the Monday following the third Friday of Mar, Jun, Sep and Dec.
Base date and value
The index launched on 23 Feb 2026, and its values start on 24 Dec 2018.
- Published by
- BSE
- Kind
- Sector
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 18
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 8 of 18
Sector indices
Others in this group, the most used as a fund's benchmark first.All
- BSE Oil & Gas Index10 companiesP/E 10.98
BSE Private Banks Index12 companiesP/E 15.09- BSE Realty10 companiesP/E 38.13
- BSE REITs6 companiesP/E 47.03
BSE Services75 companiesP/E 45.36- BSE Telecommunication22 companiesP/E 19.21
- BSE Utilities37 companiesP/E 22.72
- Nifty Capital Goods50 companiesP/E 38.93
- Nifty Cement12 companiesP/E 27.07
- Nifty Commercial & Transport Services24 companiesP/E 38.25