Ten Top Banks in India
In India, the banking sector is considered to be the one among the most regulated sectors in the economy. Banks become the most valuable and supportive sector in our day to day life.
The life without the banks is unimaginable. Banks aim in holding your money safe and secure and also can provide you the money of yours whenever needed. And also helps in earning more in the name of interest from your saved accounts. Banks, in addition, provide various features to save money and also getting loans from the banks are also quite an easy task.
Coming to the top 10 banks in India, The Banks are listed in such a way, that it can provide the needy service to its customers. Small is the interest, the more is the customer’s preference.
Let’s start with the article detailing about the top 10 banks in India.
10. Union Bank of India
The Union bank of India is one among the nationalized banks in India and stand in the list of top 10 banks in India. The bank was incorporated in the year 1919 and won the title, Express Uptime Champion Award in 2014. It has headquarters located in Mumbai. Union Bank of India has more than 4,000 branches with a customer base of over 49 Million across the country.
As we all know, the Union Bank of India is highly praised for its products and services. The appreciable services offered by the bank include Mobile Banking and Internet Banking and so on.
Market Capitalization of this bank, as of January 2016 is Rs 7,816 Crore.
9. Bank of India
The Bank of India has been yet, another leading bank in India incorporated in the year 1906 and is the nationalized bank. The services offered by the bank include Deposits, Internet Banking, Credit Card and Debit card and so on.
This particular bank extends its services with the help of more than 4,800 branches across the country. Surprisingly the bank has 50 banks with its locations in over 20 countries across the world, in addition to the banks in India.
Market Capitalization of this bank, as of January 2016 is Rs 7,636 Crore.
8. Canara Bank
The one, among the nationalized bank in India, the Canara Bank, which is known for quality products and services and incorporated in the year 1906.
The services of this bank include the Personal Banking, Loans, Insurance and Internet Banking and so on.
Canara Bank is the upcoming and growing bank sector and currently, owns more than 5,500 branches across the country and also over 7,000 ATMs in India. Canara Bank is being awarded for varied qualities, especially for the quality services. The awards won by the bank include MSME Banking Excellence Awards-2014 and the SKOCH Renaissance Award 2014.
Market Capitalization as of the month, January is Rs 9,768 Crore.
7. IDBI Bank
The IDBI bank is declared as the public sector bank by RBI. It was established in the year 1964. The bank has about 1150 branches across the country and is having about 2000 ATM’s. It has the employees of about 15000 people. IDBI bank manages assets worth 42 billion USD.
6. Punjab National Bank
The Punjab National Bank was founded in 1894, and it is the one of the oldest banks in India. The Punjab National Bank has its headquarters in Delhi. Like other PSU bank, the banking services have a major focus on agricultural and rural financing, but also a widespread international presence. The bank has the customer base of 8.9 crores with 6081 branches across India and in abroad. It has the largest network of ATMs spread in various locations across the country and is 6940 in number.
Market capitalization of about INR 30312.73 crore.
5. ICICI Bank
In India, the bank called ICICI Bank incorporated in 1955 is the third largest banking sector with a customer base of over 2.5 million. It takes over the pride of an extensive network of 4050 branches across India.It also has 12,475 ATMs and also possessing the assets worth USD 99 billion. Currently the bank is celebrating 60 years of existence. The bank is headquartered in Vadodara, Gujarat and also has headquarters in 19 countries internationally.
Market capitalization of INR 184,547.26 crores.
4. Bank of Baroda
The Bank of Baroda is one among the top 10 best banks in India and is the second largest bank in India. It was established in the year 1908. It has around 4261 branches and 2000 ATMs across India. It has its significant presence in about 25 countries.
Market capitalization of about INR 38601.08 crores.
3. Axis Bank
Axis Bank, founded in 1994 as UTI Bank. The bank now has a network of 2402 domestic branches and 12922 ATMs spread across the nation. The bank also has its significant presence in seven international locations. Axis Bank employees are over 37,901 in number approximately and are reported to have net assets worth about USD 53 billion.
Market capitalization of about INR 134,685.68 crores.
2. HDFC Bank
HDFC Bank is the largest bank in India in accordance to the market capitalization in India. As of 2014 report, it has a network of 3,659 branches in 2,287 cities and has significant presence in various International locations. HDFC Bank has over 11,633 ATMs and a customer base of over 28 million. It has the employees of over 69,065 approximately; HDFC Bank is one of the strongest contenders in the private banking sector.
Market capitalization of about INR 261,226.94 crore
1. State Bank of India
State Bank of India was established in July, 1955.State Bank of India, being a state-owned bank, is considered to be the most trusted one. The bank, SBI has a strong network of over 13,000 branches spread across India and has the significant locations internationally in about 190 offices in 36 countries. Along with HDFC Bank, SBI also features, among the top 50 global banks. The bank also has the employees of around 220,000 personnel and the SBI manages assets worth about USD 390 billion.
Market capitalization of about INR 216,128.73 crores
Hence we provided you, the list of top 10 best banks in India and leaving to your choice to go for the bank that fulfills your requirements by their services.