India is a big country and people do different businesses here. So, there are huge numbers of banks in the country. The first bank established in the country was General Bank of India in 1786 and then Bank of Hindustan started in 1806. However, both the bank are not in function now.
State Bank of India, SBI, dominates the banking industry in the country. The bank has 20% stake in the deposit base as well as in the credit base.
Today we will talk about top 10 banks in India as per market capitalization.
#1. HDFC Bank website : www.hdfcbank.com
In the listing of top 10 banks in India, HDFC bank stands at the top with market capitalization of around 2,64,609.95 crores, as per latest report. The bank has largest market capitalization in India. It has it’s headquarter in Mumbai, Maharashtra. It has strong network in the country with 3659 branches in 2287 cities. Talking about employees, it has around 69065 employees.
#2. State Bank of India website : www.sbi.co.in
State Bank of India or SBI is the 2nd most valued bank in the country with market capitalization of around Rs. 216,128.73 crore. SBI has around 13,000 branches in India and 190 branches overseas in 36 countries. It was established on 2 June, 1956.
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#3. ICICI Bank website : www.icicibank.com
It is the 3rd biggest multinational banking and financial service in the country with market capitalization of around Rs 184,547.26 crore. It has its head quarter in Vadodara, Gujarat. ICICI Bank has more than 4050 branches and 12475 ATMs in the country. It was established in 1994.
#4. Axis Bank website : www.axisbank.com
With market capitalization of around Rs 134,685.68 crore, Axis Bank stands at the fourth place in the list of top 10 banks in India. The bank has 42420 employees with it and 2402 branches in the country. The bank was established in 1994 and has 12922 ATMs.
#5. Kotak Mahindra Bank website : www.kotak.com
Kotak Mahindra Bank is the fifth largest bank as per market capitalization of Rs 109,631. 60 crore, head quarter in Mumbai. The bank has 12014 branches allover India. It was established in 1985 by Uday Kotak.
#6. IndusInd Bank website : www.indusind.com
IndusInd Bank has market capitalization of around Rs 50,100.41 crore. It was founded by Hinduja Group in 1994. The bank has around 15500 employees and 638 branches in India.
#7. Bank of Baroda website : www.bankofbaroda.com
Another private sector bank in the top 10 banks in India, with a market capitalization of around Rs 38601.08 crore. It had started working as on 20 July, 1908. It has a network of 5089 branches in India and 38737 employees.
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#8. Yes Bank website : www.yesbank.in
The bank has market capitalization of Rs. around 35,169.20 crore. It was founded by Mr. Rana Kapoor and Late Mr. Ashok Kapoor in 2004. Yes Bank has 630 branches in 375 cities in the country. The bank has 12000 employees.
#9. Punjab National Bank website : www.pnbindia.in
Ninth in the top 10 banks in India comes Punjab National Bank or PNB. It has market capitalization of around Rs 30,312.73 crore and was established in 1894. It has 6300 branches and 7900 ATMs in 764 cities in the country.
#10. Canara Bank website : www.canarabank.com
The bank has market capitalization of around Rs 18630.10 crore. It was established in 1906, but was nationalized in 1969. Canara Bank has 3600 branches and 7599 ATMs in India and around 44090 employees working with the bank.