India has been a fast-growing economy for many years now, and the banking sector has been no different. In fact, in 2017, the Indian banking sector had total assets of $2.7 trillion, which was more than twice the size of the country’s 2011 figure! Along with this growth, there have been a number of large banks in India since then.
Looking to find out which are the largest banks in India 2022? Look no further! In this article, we list the top ten largest banks in India based on total assets.
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State Bank of India
- State Bank of India is the largest bank in India and has a total assets of Rs 2,11,826 crore as on March 2018. It has a market share of 26.58% as on December 2017.
- The second largest bank in India is the Punjab National Bank with a total assets of Rs 1,92,163 crore as on March 2018. It has a market share of 20.70%.
- The third largest bank in India is the ICICI Bank with a total assets of Rs 1,68,348 crore as on March 2018. It has a market share of 16.05%.
Some of the important facts about the bank are:
There are several important facts about the bank that you should know. First of all, it is one of the largest banks in India. It has more than 1,000 branches across the country and employs over 100,000 people. Another important fact about the bank is that it is government-owned. This means that it is supported by the government and can offer quality services to its customers. Finally, the bank is one of the most profitable in India. In 2017, it generated profits of Rs 25,915 crore. This makes it one of the top safest banks in India.HDFC Bank Ltd.
HDFC Bank Ltd. is one of the largest banks in India with a total assets of Rs. 3,544,378 crore as on March 31, 2019. It is a government-owned bank and its head office is located in Mumbai. The bank has a network of over 9,000 branches in India and abroad. HDFC Bank offers a wide range of products and services to its customers including loans, deposits, credit products, securities trading and wealth management services. It also provides personal banking and insurance products through its subsidiary companies. The bank has been ranked first in terms of total net profit for the past five years consecutively. It has also been awarded the ‘Best Banking Brand’ by Euromoney Institutional Investor for three consecutive years.Some of the important facts about the bank are:
- The bank was founded in 1806 by the British East India Company.
- The bank is headquartered in Mumbai, Maharashtra.
- The bank has a network of more than 22,000 branches across India and 2,500 ATMs.
- The bank has a total assets of Rs 2.12 lakh crore as of March 2017.
- The bank’s net income totaled Rs 20,478 crore in 2016-17.
- The bank has a deposit base of over Rs 3 lakh crore as of March 2017.
- In January 2018, the RBI granted the Bank a license to operate as a digital bank through its app and website from April 1, 2018 onwards.
- As on March 31, 2017, the Bank had 704 employees including 539 managers and directors (MDs).
- In February 2018, the Bank announced that it would be hiring an additional 1,000 employees over the next two years to support its aggressive growth plans for the country
HDFC received the following recognitions in the year 2020
- The largest bank in India by total assets
- The largest private sector bank in India
- The largest bank in the country by market capitalization
- The largest bank by customer base
- The largest foreign exchange and remittance center in the country
- The largest card issuer in India
- The largest mutual fund company in India
- The largest insurance company in India
- The second largest pension fund company in India
- The second most valuable bank brand in the world
ICICI Bank Ltd.
ICICI Bank is one of the largest banks in India. It is a government-owned bank. The bank was founded in 1955. It has its headquarters in Mumbai. The bank has over 4,000 branches and 11,000 ATMs across India. The bank offers a wide range of products and services to its customers. These include savings accounts, credit cards, loans, and investment products. The bank has over 50 million customers. The bank has a strong presence in both rural and urban areas of India. In rural areas, the bank has over 2,500 branches. In urban areas, the bank has over 1,500 branches. The bank also has a large number of ATMs across India. The bank has a strong focus on providing excellent customer service. It has a dedicated customer care team that is available 24×7 to help customers with any queries or issues they may have. The team can be reached through phone, email, or live chat. The bank also offers a wide range of digital banking products and services. These include mobile banking, online banking, and UPI payments. The bank has an app that allows customers to manage their accounts and transactions from their smartphones.Some of the important facts about the bank are:
Indian banks are some of the most important financial institutions in the country. They provide a wide range of financial services to both individuals and businesses. Some of the important facts about Indian banks include their large customer base, strong credit ratings, and wide range of products and services. They are also considered to be some of the most reliable banks in the world. Government banks account for the majority of the banking sector in India. These banks are regulated by the government and are responsible for providing a wide range of financial products and services to consumers. Private banks, on the other hand, are owned and operated by private companies. They offer a more diverse range of products and services than government banks, but they are less reliable than government banks.Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd. (Kotak Mahindra Bank) is one of the largest banks in India with total assets of Rs. 3,028,484 crore as of March 2017. It is a government-owned bank and was founded in 1949. Kotak Mahindra Bank is headquartered in Mumbai and has over 1,100 branches across India. Kotak Mahindra Bank is one of the most popular banks in India. It has a wide range of products and services to meet the needs of its customers. These products and services include personal banking, investment banking, credit and debit cards, insurance products, and mutual funds. Kotak Mahindra Bank has a strong presence in the corporate world. It offers banking services to companies across various industries, including IT, pharmaceuticals, retail, and logistics. In addition, Kotak Mahindra Bank is one of the largest lenders to small businesses in India. Kotak Mahindra Bank is a well-established bank with a strong customer base. Its products and services are widely accepted by customers throughout India.Some of the important facts about the bank are:
There are many banks in India, and it can be difficult to know which one to choose. Here are some important facts about the top banks in India.- The government bank is the Central Bank of India. It is the central bank of the country, and it is responsible for issuing currency, regulating banks, and providing financial services to the government.
- The second largest bank in India is the State Bank of India. It is a state-owned bank, and it is one of the largest banks in the world.
- The third largest bank in India is the ICICI Bank. It is a private bank, and it is one of the largest banks in India.
- The fourth largest bank in India is the HSBC Bank. It is a British bank, and it is one of the largest banks in India.
Axis Bank Ltd.
Axis Bank is one of the largest banks in India. It was founded in 1949 and has operations in 18 countries. Axis Bank is a government-owned bank. This means that it is regulated and supported by the government. Axis Bank is headquartered in Mumbai, India. It has over 1,000 branches throughout the country. The bank offers a wide range of products and services to its customers. These include loans, deposits, investment products, and credit cards. Axis Bank also has a strong presence in the banking sector overseas. It has offices in more than 50 countries around the world. Axis Bank is a leading player in the Indian banking market. It has a customer base of more than 100 million people. The bank’s assets are worth more than $100 billion.Some of the important facts about the bank are:
- The bank has a presence in over 20 countries across the globe.
- It has a network of over 10,000 branches and ATMs.
- The bank offers products and services to its customers in over 25 languages.
- It has a capital of over Rs 1,00,000 crore.
- It is one of the largest lenders in the country, with assets worth Rs 14,000 crore as on March 31, 2017.
- The bank provides financial assistance and credit facilities to small businesses and entrepreneurs.
IndusInd Bank Ltd.
- IndusInd Bank Ltd is the largest private sector bank in India with a total assets of Rs 2.13 lakh crore as of March 2017.
- The bank has over 1,000 branches across India and employs over 30,000 people.
- The bank was founded in 1956 by two brothers – Harsh Maruti and Ravi Maruti – and it is headquartered in Mumbai.
- In February 2017, the Indian government announced that it would sell a 51% stake in the bank to the state-owned Industrial Credit Bank of China for Rs 37,500 crore.
Some of the important facts about the bank are:
There are several important facts about the banks that you need to know if you are looking for a bank account. First of all, government banks and private banks both offer different services and products. For example, government banks are usually more focused on lending products and services, while private banks focus more on investment products and services. Second, the size of the bank is also an important factor to consider. Larger banks tend to have more resources and are able to offer better customer service. However, smaller banks can offer competitive rates and may be more convenient for you. Third, it is important to make sure that the bank is licensed by the government. This is because government banks are responsible for distributing financial products and services in the country. If the bank isn’t licensed by the government, it could be illegal to do business in India. Finally, it is important to research each bank before opening an account with them. Doing your research will help you choose the right bank for you and ensure that you get the best possible service from that bank.Yes Bank Ltd.
Yes Bank is one of the largest banks in India. It was founded in 1996 and is headquartered in Mumbai. The bank has total assets of $127.8 billion as of September 30, 2016. Yes Bank is one of the few banks in India that offers personal loans and home loans. It also offers a wide range of financial products, including credit cards, investments, and leasing products. Yes Bank is also one of the few banks in India to offer electronic banking services. The bank has a good reputation and has been awarded several awards, including the “Best Bank” award by Businessworld Magazine and the “Best Private Bank” award by Euromoney. Yes Bank was also ranked third in the list of “India’s 50 Most Innovative Companies” for 2016 by Forbes India.Some of the important facts about the bank are:
There are a number of banks in India that are important both from a financial perspective and from a political perspective. Some of the largest banks in India include the State Bank of India, the Bank Of India, and the ICICI Bank. From a financial perspective, these banks are some of the most important in the world. They are responsible for handling a large amount of money – both domestically and internationally. In terms of assets, they rank as some of the biggest banks in the world. Politically, these banks play an important role in Indian society. They are responsible for a large percentage of the country’s banking system, and their influence is often respected. This is particularly true when it comes to matters of economic policymaking.Punjab National Bank
- Punjab National Bank is the largest bank in India and the 9th largest in the world. It was founded in 1894 and has its headquarters in Mumbai, Maharashtra.
- In terms of total assets, it is the second largest bank in India and the 16th largest in the world. It has a network of over 11,000 branches across India and overseas operations in 47 countries.
- In terms of total deposits, it is the third largest bank in India and the 22nd largest in the world. It has a network of over 10,000 ATMs across India and overseas operations in 43 countries.
- In terms of loans outstanding, it is the fourth largest bank in India and the 24th largest in the world. It has a network of over 8,000 branches across India and overseas operations in 41 countries.
- In terms of profit (income), it is the fifth largest bank in India and the 25th highest in the world. It has a network of over 7,000 branches across India and overseas operations in 38 countries.
Some of the important facts about the bank are:
There are a number of banks in India, both government and private. This article will list the top five largest banks in India.- ICICI Bank is the largest bank in India by assets. It has a total market share of about 23%.
- HSBC is the second largest bank in India with about 18% of the market share.
- State Bank of India (SBI) is the third largest bank in India with about 17% of the market share.
- HDFC Bank is the fourth largest bank in India with about 16% of the market share.
- Axis Bank holds a fifth place with about 10% of the market share.
Indian Overseas Bank
Indian Overseas Bank is one of the largest government-owned banks in India. It was founded in 1937 and has its headquarters in Chennai. The bank has over 3,000 branches across India and also has a strong presence in overseas markets such as Singapore, Hong Kong, and Dubai. The bank provides a wide range of banking services to both retail and corporate customers. These include savings and deposit accounts, personal and home loans, credit cards, foreign exchange services, and more. The bank also offers internet banking and mobile banking services. Indian Overseas Bank has been consistently ranked amongst the top performing public sector banks in India. The bank has won numerous awards and accolades over the years for its excellent performance.Some of the important facts about the bank are-
- The top 10 largest banks in India as of March 2017 are-
- State Bank of India (SBI) – Total Assets: Rs. 3,590,314 crore
- HDFC Bank – Total Assets: Rs. 2,909,964 crore
- ICICI Bank – Total Assets: Rs. 2,672,899 crore
- Axis Bank Ltd. – Total Assets: Rs. 2,159,502 crore
- Federal Bank Ltd. – Total Assets: Rs. 1,898,606 crore
- HSBC Holdings Plc – Total Assets: Rs. 1,801,050 crore
- Kotak Mahindra Bank Ltd – Total Assets: Rs. 1,591,680 crore
- Yes Bank Ltd – Total Assets: Rs. 1,509,057 crore
- Union Bank Of India (UBI) – Total Assets: Rs. 1,494,231 crore
Bank of India
One of the largest banks in India is Bank of India. It has a total assets of $2.4 trillion and employs about 142,000 people. Bank of India was founded in 1818 and is one of the oldest banks in the country. It is a government-owned bank, which means that it is controlled by the Indian government. Bank of India operates in more than 25 countries worldwide and offers a wide range of services, including retail banking, wholesale banking, investment banking, and corporate banking. The bank has a strong presence in India and is one of the largest lenders in the country. It also has a significant presence abroad, particularly in Europe and South Asia. Bank of India’s main markets are India and Europe, but it also has operations in many other countries around the world.Some of the important facts about the bank are:
1) The bank has a headquarter in Mumbai. 2) It is a public sector bank. 3) It is the fifth largest bank in terms of total assets. 4) The bank has a network of over 11,000 branches and ATMs across India. 5) It offers various financial products and services such as loans, deposits, and insurance.Central Bank of India
- Central Bank of India is the country’s Central bank. It is a Government bank that was founded on November 9, 1935.
- The Central Bank of India has jurisdiction over banking in the whole of India. It is responsible for regulating both the Government and Private banks in India.
- The Central Bank of India also issues currency notes and coins in the country. It maintains the country’s banking system and provides necessary support to the banking sector.
Union Bank of India
- Union Bank of India is the largest bank in India with total assets of Rs. 2 trillion as of March 2016.
- The bank has a network of over 12,000 branches in 19 states and 4 union territories.
- The bank offers a wide range of products and services to its customers, including personal loans, auto loans, credit cards, and investments.
- Union Bank of India is a government-owned entity and is regulated by the Reserve Bank of India.