In terms of area, economy, and population, India is one of the world’s largest countries. Banking is the most well-known industry in India, both for the general public and for businesses. In India, there are hundreds of banks owned by both private and public entities. We’ve compiled a list of India’s largest banks based on total assets and active workers across all branches. In addition to providing a variety of financial services and goods in India and throughout the world, the top banks in India are ranked by revenue.
10. Axis Bank
This is an Indian financial services firm that was established in 1994, headquartered in Mumbai in the state of Maharashtra. The bank has more than 1281 branches, over 6270 ATMs as of 2011, 21,640 employees, and total assets of $53.36 billion.
9. IDBI Bank
IDBI (Industrial Development Bank of India) is a financial services company; the main office is situated in Mumbai in the state of Maharashtra. It was established in 1964. It has over 14,000 employees, a total asset of 55.69 billion US dollars, over 1500 ATMs, and 923 branches, including overseas offices.
8. Standard Chartered Bank
It is one of the leading players in the Indian banking sector; it originally opened its branches in Mumbai in 1858 as the Chartered Bank of India, Australia, and China, and the Standard Bank of British South Africa, but in 1969 it merged and was named Standard Chartered Bank. The main international headquarters is situated in London in the UK. It has branches and ATMs in the main cities of India. This bank has around $800 million in profit before tax.
7. HDFC Bank
This is a financial services company in India, headquartered in Mumbai in India and founded in 1994. HDFC Bank holds 1,986 branches and above 5,471 ATMs in 996 cities in India. The total assets of a bank are 65.48 billion US dollars and have 55,752 staff. It is one of the largest banks in India by total assets and is competitive with the other major banks in India.
6. Bank of India
It is one of the oldest banks in India, which was founded on 7 September 1906 and is headquartered in Mumbai in the state of Maharashtra. It has over 3400 branches, including overseas branches. Its profit is 547.52 million US dollars, and it has total assets of over 70 billion US dollars. It is one of the government-owned financial services in India.
5. Canara Bank
Canara Bank is a financial services company owned by the state government of India, headquartered in Bangalore in the Karnataka state and founded in 1906. The bank has over 3100 branches and over 4000 ATMs across India. It holds over 44,000 employees as of 2011, including from foreign branches of Canara Bank. The total assets of this bank are 72.3 billion US dollars.
4. Bank of Baroda
This is the banking and financial services industry, headquartered in Vadodara and Mumbai in India and founded in 1908. It owns over 3,400 branches and offices, over 1,600 ATM centers, and total assets of 78.28 billion US dollars. Bank of Baroda has branches and offices overseas.
3. Punjab National Bank
This is the third-largest bank in India by total assets, headquartered in New Delhi in India and founded in 1895. It is one of the largest state-owned commercial banks in India, with around 5,000 branches in about 764 towns and cities and 37 million customers and 56,928 staff. The total assets of the bank are 82.23 billion dollars.
2. ICICI Bank
The full form of ICICI is ‘Industrial Credit and Investment Corporation of India.’ It is the second-largest bank in India, headquartered in Mumbai in the state of Maharashtra, and was founded in 1955. The bank has branches in over 2500 locations and over 8000 ATMs in India and has a presence in 19 countries. ICICI Bank has 79,978 staff, and the total assets of this bank are 119.69 billion US dollars, and the profit is 1.36 billion US dollars.
1. State Bank of India (SBI)
This is the largest bank in India; it is a public banking and financial service state-owned government company, headquartered in Mumbai in India and founded in 1955. It has 222,933 staff around the world with 13,000 outlets, including 150 overseas branches. The total profit of SBI is 2.34 billion US dollars, and the total assets are 369.56 billion US dollars, listing it as the top in total profit and total assets.
