Here we will take a quick look at the
Top 10 banks in India with respect to market capitalisation, while also
exploring some related aspects.
Below
is the list of top 10 largest banks in India in 2023.
The
list is based on the number of branches, ATMs, employees, assets and revenues
of the banks.
HDFC Bank
As of January 2023, HDFC enjoys a market capitalization of Rs. 9.34 trillion. Headquartered in Mumbai, Housing Development Finance Corporation Ltd. HDFC is the largest private sector bank in India at present and also ranked as Number 1 Bank in India according to as per Forbes World's Best Bank survey. The bank offers a wide variety of products and services including but not limited to Retail and Wholesale Banking, Personal Banking, Home, Auto, and Business Loans, Lifestyle Loans, Credit and Debit Cards. The bank also boasts of rolling out leading digital products such as Payzapp and SmartBUY.
Some
of the important facts about the bank are:
- Number of
Branches – 6,342
- Number of
ATMs – 18,130
- Number of
Employees – 1.41 Lakh+
- Number of
POS Terminals – 2,43,888
- Number of
Debit Cards – 4 Crore
- Number of
Credit Cards – 1.76 Crore
State Bank of India (SBI)
The State Bank of India
(SBI) is a government bank in India that boasts a market capitalization of Rs.
5.34 trillion. The largest
public sector bank of India and second in the list
of 10 best banks in India, as well as a financial services statutory
body. SBI is headquartered in the financial capital of the nation, Mumbai.
In the year 2021, the State Bank of India
ranked 221st in the Fortune Global 500 list of the world’s biggest corporations
and also won Best Transaction Bank in India by “The Asian Banker” for the
second time in a row. It is also called the biggest
bank in India. SBI enjoys a market share of 23% in India
and has a commendable presence in the overseas arena with over 233 foreign
offices across 36 countries.
Some
of the important facts about the bank are:
- Number of
Branches – 22,219
- Number of
ATMs – 62,617
- Number of
Employees – 2,45,642
- Number of
POS Terminals – 6.08 Lakh
ICICI Bank
The Industrial Credit and
Investment Corporation of India, popularly known as ICICI Bank has a market
capitalization of Rs. 6.08 trillion, as on 23 Jan 2023. It is the third largest
among the top
banks in India.
Headquartered in Mumbai, the registered
office of the bank is in Vadodara of Gujarat. As of last year’s update, the
consolidated assets of the bank clocked at Rs. 12.50 trillion. ICICI Bank
enjoys a commendable overseas presence with subsidiaries across Canada and the
United Kingdom. The bank also boasts of branches in China, Hong Kong, United
States of America, South Africa, Sri Lanka, Dubai International Finance Centre,
Qatar, Singapore, Bahrain, and Oman, complete with representative offices in
UAE, Malaysia, Indonesia, and Bangladesh.
Some
of the important facts about the bank are:
- Number of
Branches – 5,275
- Number of
ATMs – 15,589
- Number of
Employees – 97,354
Kotak Mahindra Bank
Kotak Mahindra Bank
registered a market capitalization of Rs. 3.55 trillion, as of January 2023.
Established in the year 2003, the bank now enjoys the title of being the 4th
largest private sector bank in the nation. Last year, the bank generated a
revenue of Rs. 58,882 Crores.
Some
of the important facts about the bank are:
- Number of
Branches - 4,758
- Number of
ATMs - 10,990
- Number of
Employees – 78,300
- Number of
Cash Recyclers - 5,972
Axis Bank
With a market
capitalization of Rs. 1,90,562.56 crores, Axis Banks fares 4th on the list of
the largest
private sector banks in India. Known for its financial services
primarily directed at large and mid-size corporates, along with SMEs and retail
businesses, the bank clocked a revenue of Rs. 68,116 crores in the year 2019.
Some
of the important facts about the bank are:
- Number of
Branches – 4,050
- Number of
ATMs – 11,800+
- Number of
Employees – 55,000+
- Number of
Cash Recyclers – 4,917
IndusInd Bank
Known to be the leading new
generation private bank of India, the IndusInd Bank enjoys a market
capitalization of Rs. 936.47 billion. Established back in the year 1994, the
bank is headquartered in Mumbai, with most of its branches concentrated in the
Indian Metro Cities of Mumbai, Delhi, and Chennai. It also boasts of overseas
presence owing to its representative branches in Dubai, Abu Dhabi, and London.
The bank clocked a revenue of Rs. 38,230 Crores in the year 2022.
Some
of the important facts about the bank are:
- Number of
Branches – 2,015
- Number of
ATMs – 2,886
- Number of
Employees – 33,582+
Yes Bank
Yes Bank has earned the
reputation of being the fastest growing private
sector bank in India, and its market capitalization of Rs.
523.31 billion stand testimony to this fact. Known for its asset management and
retail banking functions, the bank was founded in the year 2004 by Rana Kapoor
and Ashok Kapur. The bank clocked a revenue of Rs. 25,423 Crores in the year
2022.
Some
of the important facts about the bank are:
- Number of
Branches – 1,000+
- Number of
ATMs – 1,800+
- Number of
Employees – 23,800+
Punjab National Bank
Punjab National Bank,
popularly known as PNB, has a market capitalization of Rs. 626.53 billion. A
public sector undertaking, this leading bank has revenue of Rs. 88,339 Crores.
What makes this establishment a leading bank of the nation is its commendable base
of over 180 million customers.
PNB enjoys a creditable overseas presence
with branches in Dubai and Hong Kong, complete with Offshore Banking Unit in
Mumbai. Then again, PNB has 7 Subsidiaries in the UK, and 9 in Bhutan. Besides,
the bank has 122 Joint Venture Branches in Nepal.
Some
of the important facts about the bank are:
- Number of
Branches – 12,248
- Number of
ATMs – 13,000+
- Number of
Employees – 1,03,144
Bank of Baroda
Bank of Baroda also known
as BoB, is yet another public sector bank which enjoys a place amongst the Top
10 Banks in India 2023 with a high market capitalization of
Rs. 932.40 billion. Headquartered in Vadodra, the bank gained unprecedented
popularity in April 2019, for witnessing the first ever 3-way merger, with Dena
Bank and Vijaya Bank. The bank had a revenue of Rs. 82,859.5 Crores in 2021 and
boasts of a spectacular base of over 132 million customers.
Some
of the important facts about the bank are-
- Number of
Branches - 9,500+
- Number of
ATMs - 13,000+
- Number of
Employees - 79,806+
Bank of India
Bank of India, also known
as BoI, clocked a market capitalization of Rs. 359.68 billion, on Jan 23, 2023.
Headquartered in Mumbai, BoI is a founding member of the Society for Worldwide
Interbank Financial Telecommunication, also known as SWIFT. The bank clocked
revenue of Rs. 45,955 crores last year.
The bank enjoys as many as
5,108 branches and 5,551 ATMs around the world (including 24 outside India like
Botswana, France, Hong Kong, Japan, Kenya, New Zealand, Singapore, United
States, Tanzania, UK, Uganda, South Africa, and Vietnam).
Some
of the important facts about the bank are:
- Number of
Branches (in India) - 5,108
- Number of
Employees - 51,459
We hope that you now have a
fair idea regarding the leading banks of India, on the basis of their recent
market capitalization value.
.jpeg)
No comments:
Post a Comment