Top 12 Largest Public and Private Sector Banks In India
India has one of the most strong banking, financial and market capitalization with number of banking companies, including public sector banks and private sector banks. Here is the list of India’s top 12 largest banks in terms of revenue, branches and total assets.
SBI Bank (State Bank of India)
The State Bank of India is the largest bank in India and one of the world’s biggest corporations. SBI bank of India is one of the largest employers in the country and most trusted brand and bank in India.
ICICI Bank (Industrial Credit and Investment Corporation of India)
ICICI Bank is the second largest bank in India and also listed as one of the Big Four banks of India having subsidiaries in Canada, United Kingdom and United States.
Bank of Baroda
Bank of Baroda is a multinational Indian bank owned by Government of India and country’s third largest lender. The bank merge with Vijaya Bank and Dena Bank and become third largest bank in India after SBI bank and ICICI bank.
PNB (Punjab National Bank)
Punjab National Bank is one of the big four banks of India offers multinational banking and financial services. PNB had the privilege to take over Nedungadi Bank, oldest private sector bank as well as accounts of national Indian leaders.
Canara Bank is Government of India and listed as one of the oldest public sector banks in India as well as one of the largest public sector Indian bank.
HDFC Bank (Housing Development Finance Corporation)
HDFC Bank is India’s largest private sector lender by assets and also largest bank in India by market capitalization.
Nedungadi Bank was the first private sector bank in India, located in Kozhikode of Kerala. Yes Bank,Bandhan Bank, Federal Bank, IndusInd Bank, IDFC First and Kotak Mahindra Bank are few more largest private sector banks in India.
BOI (Bank of India)
Bank of India is one of the top 10 banks in India and a commercial bank with 56 offices outside India. The Bank of India has 5100 branches and founder member of SWIFT.
UBI (Union Bank of India)
Union Bank of India is listed on the Forbes 2000 and one of the top 10 large government owned banks of India.
Central Bank Of India
Central Bank of India is another oldest and one of the largest commercial banks in India and has a joint venture with Bank of India and Bank of Baroda.
Axis Bank is third largest private sector banks in India, employs over 55,000 people and nine international offices.
IOB (Indian Overseas Bank)
Indian Overseas Bank is based in Chennai and has an ISO certified information technology department with international branches in Singapore, Colombo and Bangkok.
IDBI Bank (Industrial Development Bank of India)
IDBI Bank was established in 1964 for promoting and developing industry in India to provide financial facilities to list of Indian industry. Government of India and Life Insurance Corporation of India held shares in Industrial Development Bank of India.