Top 5 Indian banks
India has a strong banking and financial sector and is the most influential industry in India’s economy. Many major reforms have taken place since independence and in 1991. A lot has changed since then and now we are moving towards full digitization of transactions. Banks have played an important role in this progress. Here we give you the basics of the assets of the banks ,Indian banks list.
There are list of top 5 Indian banks
State Bank of India (SBI)
State Bank of India i.e. SBI is considered to be the largest bank in India. There are several reasons to consider it as India’s largest bank. Such as their revenue, profit, number of bank branches and number of customers etc. So let’s tell some important things about SBI Bank.
Bank Type: Public
Industry: Banking, Financial Services
Establishment: 2 June 1806, Bank of Calcutta; 27 January 1921; Imperial Bank of India, 1 July 1955; State Bank of India, 2 June 1956, Nationalization Headquarters: Mumbai, Maharashtra,
India Service Sector: Key People
Worldwide: Rajneesh Kumar (Chairman)
Products: Consumer Banking, Corporate Banking, Finance & Insurance, Investment Banking, Mortgage Loans, Private Banking, private equity, savings, securities, asset management, wealth management, credit card revenue: 210,999 crore (US $ 32 billion) (2017)
Operating income: ₹ 50,848 crore (US $ 7.8 billion) (2017)
Profit: ₹ 10,484 crore (US $ 1.6 billion) (2017)
Total assets: ₹ 3,445,121 crore (US $ 530 billion) (2017)
Total equity: ₹ 2.171 trillion (US $ 33 billion) (2016)
Owner: Government of India
Number of employees: 278,872 (2017)
Website: sbi.co.in
ICICI Bank
ICICI Bank is the second largest bank in top 5 indian banksin ICICI Bank 2018. The bank is known for its customer-friendly policy and fast service. There are around 4850 branches and 14,404 ATMs in the country. Also-
Type of Bank: Private Sector Bank
Industry: Banking, Financial Services
Establishment: 1994
Headquarters: Mumbai, Maharashtra, India
Service Sector: Major People
Worldwide: M.K. Sharma (Chairman), Chanda Kochhar (MD & CEO)
Products: Credit Cards, Consumer Banking, Corporate Banking, Finance & Insurance, Investment Banking, Mortgage Loans, Private Banking, Wealth Management, Personal Loans, Payment Solutions Revenue Growth ₹ 73,660.76 Crore ( US $ 11 billion) (2017) Operating income ₹ 58,905.70 crore (US $ 9.0 billion) (2017) Net income ₹ 9,801.08 crore (US $ 1.5 billion) (2017) Total assets ₹ 737,546.29 crore (US $ 110 billion) (2017) ) Total equity $ 15.4 billion ( 2017)
Number of employees 84096 (2017)
website www.icicibank.com
Punjab National Bank
Punjab National Bank is the next name in the list of the top 5 indian banks in 2020, Punjab National Bank, which has an asset management of $ 100 billion. Additionally, the bank has an extensive network in the country, with 6937 branches and 10681 ATMs spread across all corners of India. Also-
Type: Public
Industry: Banking, Financial Services
Established: 19 May 1892 – 122 years ago
Founder: People: Lala Lajpat Rai
Headquarters: New Delhi
Important People: Sunil Mehta (MD & CEO)
Products: Credit Cards, Consumer Banking, Corporate Banking, Finance & Insurance, Investment Banking, Mortgage Loans, Private Banking, Private Equity, Wealth Management
Revenue Growth: ₹ 47,424.35 Crore (US $ 7.3 Billion) (2016)
Net Income: ₹ 3,974.39 Crore (US $ -610 million) (2016)
Total assets: ₹ 667,390.45 crore (US $ 100 billion) (2016)
Owner: Government of India
Employee strength: 70,801 (March 2016)
Website: www.pnbindia.in
Bank of Baroda
From the asset management point of view, Bank of Baroda comes fourth in the list of top 5 indian banks. The bank was established in 1908 and currently operates through 5538 branches and 10441 ATMs across the country. The bank manages assets worth $ 3.58 trillion. Also-
Type: Public
Industry: Banking, Financial Services
Established: 20 July 1908 – 108 years ago
Founder: Maharaja H. H. Sir Sayajirao Gaekwad III
Headquarters: Vadodara, India
Service Sector: Key people
worldwide: P.S. Jayakumar (CEO & MD), Ravi Venkatesan (Chairman), Bharat Dangar (Director) Products: Credit Cards, Consumer Banking, Corporate Banking, Finance & Insurance, Investment Banking, Mortgage Loans, Private Banking, Private Equity, Wealth Management
Total Assets: ₹ ₹ 694,875.42 Crore (US $ 110 Billion) (2017)
Owner: Government of India
Number of employees: 52,420 (2017)
Website: www.bankofbaroda.com
HDFC Bank
HDFC Bank is the No. 5 HDFC Bank in the list oftop 5 indian banks in 2020, providing excellent banking services since its inception in 1994. The bank operates through 4,715 branches and 12260 ATMs across 1400 cities across India. Also-
Type: Public Company Industry:
Financial Services Established: 1994
Headquarters: Mumbai India Services
Sector: India
Products: Banking
Total Assets: ₹ 863,840 Crore (US $ 130 Billion) (2017)
Number of Employees: 84,325 (March 2017)
Website : www.hdfcbank.com
