Top 10 Biggest Banks In India for 2018

Top 10 Biggest Banks In India for 2018

Top 10 Biggest Banks In India for 2018

State Bank of India image

1. State Bank Of India

Type:  Public
Industry: Banking, Financial services
Founded: 2nd June 1806, Bank of Calcutta; 27th January 1921; Imperial Bank of India, 1st July 1955; State Bank of India, 2nd June 1956, nationalisation
Area served: Worldwide
Key person: Arundhati Bhattacharya (Chairperson)
Products: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Owner: Government of India
Number of employees: 293,469 (2016)
Website: www.sbi.co.in
Revenue Increase: ₹2.85 trillion (US$42 billion) (2016)
Profit Increase: ₹127 billion (US$1.9 billion) (2016)
Total assets: Decrease ₹30.72 trillion (US$460 billion) (2016)

 

HDFC Bank Image

2. HDFC Bank

Type:  Public
Industry: Banking, Financial services
Founded: 1994
Area served: Worldwide
Key person:
Products: banking
Headquarters:  Mumbai India
Number of employees: 87,555 (31st March 2016)
Website: www.hdfcbank.com
Revenue Increase: N/A
Profit Increase: N/A
Total assets: USD 66.7 billion

 

 

ICICI Bank Image

3. ICICI Bank

Type: Private Sector Bank
Industry: Banking, Financial services
Founded: 1994
Area served: Worldwide
Key person: Mr M. K. Sharma (Chairman), Mrs Chanda Kochhar (MD & CEO)
Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions.
Headquarters:  Mumbai, Maharashtra, India
Number of employees: 74,096 (2016)
Website: www.icicibank.com
Revenue : US$10.3 billion (2016)
Operating income : US$3.6 billion (2016)
Profit: US$1.5 billion (2016)
Total assets: US$109.0 billion (2016)
Total equity: US$13.5 billion (2016)

 

Punjab National Bank Image

4. Punjab National Bank

Type: Public
Industry: Banking, Financial services
Founded: 19 May 1894 – 122 years ago
Founder: people:  Lala Lajpat Rai
Area served: Worldwide
Key person: Usha Ananthasubramanian (MD & CEO)
Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Headquarters: New Delhi
Number of employees: 62,392 (March 2013)
Website: www.pnbindia.in
Revenue Increase:  ₹47,400 crore (US$7.0 billion)(2013)
Net income:  Decrease ₹4,748 crore (US$710 million) (2013)
Profit: N/A
Total assets: ₹6,435 billion (US$96 billion) (2015)
Total equity: N/A

Axis bank logo image

 

5. Axis Bank
Type: Private
Industry: Banking, Financial services
Founded: 1993(as UTI Bank)
Founder:
Area served: Worldwide
Key person: Shikha Sharma (MD & CEO) Sanjiv Misra (Chairman)
Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Headquarters: Ahmedabad, Gujarat, India
Number of employees: 56,084 (March 2016)
Website: axisbank.com
Revenue :  ₹414.0925 billion (US$6.2 billion) (2016)
Net income:  ₹83.5759 billion (US$1.2 billion) (2016)
Profit: N/A
Total assets: ₹5.25468 trillion (US$78 billion) (2016)
Total equity: ₹4.7657 billion (US$71 million)

 

canara Bank image

6. Canara Bank
Type: Public
Industry: Banking, Financial services
Founded: Canara Bank Hindu Permanent Fund (1906; 111 years ago at Mangalore, India), Canara Bank Ltd (1910), Canara Bank (1969).
Founder: people:  Lala Lajpat Rai
Area served: Worldwide
Key person: Shri T. N. Manoharan (Chairman), Shri Rakesh Sharma (MD & CEO)
Products: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking.
Headquarters: Bangalore, Karnataka, India
Number of employees: 53,506 (2016)
Website: axisbank.com
Revenue :  ₹339 billion (US$5.0 billion) (2012)
Net income:  ₹33.41 billion (US$500 million) (2012)
Profit: N/A
Total assets: ₹4.72 trillion (US$70 billion) (2015)
Total equity:
Owner: Government of India
Website: www.canarabank.com

 

Bank of India

7. Bank of Baroda
Type: Public
Industry: Banking, Financial services
Founded: 20 July 1908 – 108 years ago
Founder: Maharaja H. H. Sir Sayajirao Gaekwad III[1]
Area served: Worldwide
Key person: : P. S. Jayakumar(CEO & MD), Ravi Venkatesan (Chairman), Bharat Dangar (Director)[2]
Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Headquarters: Vadodara, India
Number of employees: 53,506 (2016)
Revenue :  N/A
Net income:  N/A
Profit: N/A
Total assets: ₹6.714 trillion (US$100 billion) (2015)
Total equity: N/A
Owner: Government of India
Website: www.bankofbaroda.com

 

Union Bank of India Image

8. Union Bank
Type: Public
Industry: Banking, Financial services
Founded: 11 November 1919 – 97 years ago
Founder:
Area served: Worldwide
Key person: Arun Tiwari (Chairman & MD)
Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Headquarters: Mumbai, India
Number of employees: 36,377(2015)
Revenue :  ₹211.44 billion (US$3.1 billion) (2012)
Net income:  ₹17.87 billion (US$270 million) (2012)
Profit: N/A
Total assets: N/A
Total equity: N/A
Owner: Government of India
Website: www.unionbankofindia.co.in

 

IDBI bank Image

9. IDBI Bank
Type: Government-owned bank
Industry: Banking, Financial services
Founded: July 1964; 52 years ago
Founder:
Area served: Worldwide
Key person: Mr. Kishor Kharat (MD & CEO)
Products: Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
Headquarters: Mumbai, India
Number of employees: 16,555 (March 2015)
Revenue Increase :  ₹31,453.16 crore (US$4.7 billion) (2016)
Net income:  ₹ Decrease ₹3,664.80 crore (US$540 million) (2016)
Operating Income: Increase ₹5,370.07 crore (US$800 million) (2016)
Profit: N/A
Total assets: Increase ₹374,372.13 crore (US$56 billion) (2016)
Total equity: N/A
Owner: Government of India
Website: www.idbi.com

 

BOI image

 

10. Bank of India
Type: Public
Industry: Banking, Financial services
Founded: 7 September 1906; 110 years ago
Founder:
Area served: Worldwide
Key person: Dinabandhu Mohapatra ,MD and CEO (May 5, 2017–)
Products: Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards.
Headquarters: Mumbai, Maharashtra, India
Number of employees: N/A
Revenue:  ₹243,935.0 million (US$3.6 billion)
Net income:  ₹24,887.1 million (US$370 million)
Operating Income: ₹53,842.3 million (US$800 million)
Profit: N/A
Total assets: ₹6,469 billion (US$96 billion) (2015)
Total equity: N/A
Owner: N/A
Website: www.bankofindia.com

Source: Written by NAVDEEPS | December 4, 2017 , https://www.embibe.com/exams/top-10-largest-banks-in-india/

BANK OF INDIA ACT, 1934

BANK OF INDIA ACT, 1934  The Reserve Bank of  India Act was passed in 1934 to establish the Reserve Bank of India which is the guardian of the banking system …

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