| bajajfinsv | bajfinance | hdfc | hdfcbank | kotakbank | srtransfin | hdfclife | indusindbank | axisbank | icicibank | bandhanbank | ibulhsgfin | cholafin | sbin | rblbank | m&mfin | canbk | federalbank | bankbaroda | pnb | banknifty | nifty fin serv | nifty pvt bank | nifty psu bank |
| bajajfinsv | 1.00 |
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| bajfinance | 0.89 | 1.00 |
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| hdfc | 0.70 | 0.72 | 1.00 |
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| hdfcbank | 0.67 | 0.68 | 0.80 | 1.00 |
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| kotakbank | 0.65 | 0.68 | 0.68 | 0.77 | 1.00 |
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| srtransfin | 0.55 | 0.57 | 0.58 | 0.62 | 0.57 | 1.00 |
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| hdfclife | 0.54 | 0.57 | 0.55 | 0.62 | 0.54 | 0.47 | 1.00 |
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| indusindbank | 0.59 | 0.57 | 0.53 | 0.54 | 0.51 | 0.50 | 0.49 | 1.00 |
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| axisbank | 0.74 | 0.68 | 0.66 | 0.66 | 0.61 | 0.63 | 0.53 | 0.65 | 1.00 |
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| icicibank | 0.73 | 0.74 | 0.77 | 0.77 | 0.71 | 0.67 | 0.57 | 0.60 | 0.82 | 1.00 |
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| bandhanbank | 0.58 | 0.58 | 0.55 | 0.49 | 0.51 | 0.57 | 0.36 | 0.63 | 0.55 | 0.56 | 1.00 |
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| ibulhsgfin | 0.37 | 0.37 | 0.32 | 0.29 | 0.23 | 0.34 | 0.17 | 0.33 | 0.36 | 0.38 | 0.31 | 1.00 |
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| cholafin | 0.74 | 0.76 | 0.65 | 0.60 | 0.59 | 0.69 | 0.47 | 0.57 | 0.74 | 0.71 | 0.57 | 0.35 | 1.00 |
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| sbin | 0.63 | 0.63 | 0.68 | 0.64 | 0.53 | 0.55 | 0.48 | 0.50 | 0.70 | 0.72 | 0.47 | 0.44 | 0.59 | 1.00 |
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| rblbank | 0.45 | 0.49 | 0.48 | 0.43 | 0.43 | 0.52 | 0.36 | 0.54 | 0.53 | 0.55 | 0.42 | 0.38 | 0.55 | 0.57 | 1.00 |
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| m&mfin | 0.70 | 0.72 | 0.63 | 0.57 | 0.50 | 0.68 | 0.50 | 0.49 | 0.68 | 0.70 | 0.57 | 0.39 | 0.79 | 0.60 | 0.55 | 1.00 |
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| canbk | 0.63 | 0.65 | 0.66 | 0.65 | 0.54 | 0.55 | 0.51 | 0.51 | 0.69 | 0.69 | 0.48 | 0.38 | 0.60 | 0.81 | 0.59 | 0.64 | 1.00 |
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| federalbank | 0.76 | 0.68 | 0.68 | 0.68 | 0.58 | 0.61 | 0.51 | 0.66 | 0.77 | 0.77 | 0.65 | 0.40 | 0.67 | 0.72 | 0.59 | 0.67 | 0.72 | 1.00 |
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| bankbaroda | 0.58 | 0.59 | 0.57 | 0.52 | 0.42 | 0.45 | 0.41 | 0.36 | 0.60 | 0.55 | 0.38 | 0.45 | 0.55 | 0.82 | 0.50 | 0.61 | 0.80 | 0.63 | 1.00 |
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| pnb | 0.46 | 0.49 | 0.46 | 0.40 | 0.35 | 0.32 | 0.30 | 0.36 | 0.50 | 0.51 | 0.35 | 0.38 | 0.44 | 0.76 | 0.53 | 0.47 | 0.80 | 0.55 | 0.80 | 1.00 |
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| banknifty | 0.80 | 0.79 | 0.83 | 0.89 | 0.82 | 0.72 | 0.64 | 0.70 | 0.88 | 0.93 | 0.62 | 0.41 | 0.76 | 0.81 | 0.61 | 0.72 | 0.78 | 0.83 | 0.66 | 0.58 | 1.00 |
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| nifty fin serv | 0.82 | 0.82 | 0.90 | 0.92 | 0.83 | 0.70 | 0.66 | 0.64 | 0.83 | 0.91 | 0.61 | 0.39 | 0.76 | 0.77 | 0.56 | 0.73 | 0.76 | 0.80 | 0.64 | 0.53 | 0.98 | 1.00 |
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| nifty pvt bank | 0.80 | 0.79 | 0.82 | 0.88 | 0.82 | 0.72 | 0.64 | 0.74 | 0.88 | 0.93 | 0.65 | 0.40 | 0.77 | 0.76 | 0.63 | 0.72 | 0.75 | 0.84 | 0.62 | 0.53 | 0.99 | 0.97 | 1.00 |
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| nifty psu bank | 0.63 | 0.63 | 0.64 | 0.60 | 0.49 | 0.50 | 0.47 | 0.47 | 0.67 | 0.66 | 0.46 | 0.47 | 0.57 | 0.92 | 0.59 | 0.62 | 0.91 | 0.72 | 0.92 | 0.89 | 0.76 | 0.73 | 0.72 | 1.00 |