India is among the largest economies in the world. It has the highest GDP in the world and the money that the country makes is no joke. So the country is also home to some the leading banks in the world. The country is littered with banks and you might wonder which are the top 10 banks in the India.
Well the Top 10 banks in the India might be a stretch to talk as you will have to first define what you mean by it. But what I can tell you with certainty is which are the largest banks in India. The country is home to many banks but it is fairly easy to make out the largest ones, especially with the market filled with public sector banks that are giants in the industry.
SBI is most definitely the largest bank in the country. Especially when it comes to the number branches that the bank has, there is no one that comes even close. It is the largest there is. The bank employs more than 3 lakh people and commands 20% of the Indian banking sector. It is headquartered in Mumbai and has 14 Local Head Offices and 57 Zonal Offices are located at important cities spread throughout the country.
Corporation bank is the second largest bank in the country. A public sector bank that is headquartered in Mangalore in Karnataka, the bank has a network of 2,600 fully automated CBS branches, 3,040 ATMs, and 4,724 branch-less banking units across the country. It has been awarded a bunch of awards like “BEST MSME BANK-WINNER 2018” award during 6th ASSOCHAM SMEs Excellence Award.
Punjab National Bank
When you take into consideration the assets that are controlled by the bank, PNB ranks the third largest in the country. Registered as a multinational banking and services company, PNB is a state-owned corporation based in New Delhi, India which was founded in 1894. The bank has over 80 million customers, 6,937 branches and 10681 ATMs across 764 cities.
If you take the quantity of assets managed by banks then ICICI bank is the second largest in the country, but overall it is the fourth largest. The biggest private sector bank in the country, ICICI the second largest bank in India in terms of assets and market capitalisation with total consolidated assets of Rs. 11,242.81 billion (US$ 172.5 billion) at March 31, 2018 and profit after tax of Rs. 67.77 billion (US$ 1.0 billion) for the year.