Top 5 banks in india

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India has a strong banking and financial sector and it is one of the most influential industry in India’s economy. A lot of major reforms have happened post independence and especially the reforms in 1991. A lot has changed since then and we are now moving towards complete digitization of transactions. Banks have been instrumental in making this progress.
Below is the list of India’s 5 largest banks for 2017:

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

Headquarters: Mumbai, Maharashtra, India

Area served: Worldwide

Key people: 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

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)

Owner: Government of India

Number of employees: 293,469 (2016)

Website: sbi.co.in

2. HDFC Bank


Type: Public company

Industry: Financial services

Founded: 1994

Headquarters: Mumbai India

Area served: India

Products: Banking

Asset: USD 66.7 billion

Number of employees: 87,555 (31st March 2016)

Website: www.hdfcbank.com

3. ICICI BANK


Type: Private Sector Bank

Industry: Banking, Financial services

Founded: 1994

Headquarters: Mumbai, Maharashtra, India

Area served: Worldwide

Key people: 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.

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)

Number of employees: 74,096 (2016)

Website: www.icicibank.com

4. Punjab National Bank


Type: Public

Industry: Banking, Financial services

Founded: 19 May 1894 – 122 years ago

Founder: people: Lala Lajpat Rai

Headquarters: New Delhi

Key people: Usha Ananthasubramanian (MD & CEO)

Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management

Revenue Increase: ₹47,400 crore (US$7.0 billion)(2013)

Net income: Decrease ₹4,748 crore (US$710 million) (2013)

Total assets: ₹6,435 billion (US$96 billion) (2015)

Owner: Government of India

Number of employees: 62,392 (March 2013)

Website: www.pnbindia.in

5. Axis Bank

Type: Private

Industry: Banking, Financial services

Founded: 1993(as UTI Bank)

Headquarters: Ahmedabad, Gujarat, India

Key people: 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

Revenue: ₹414.0925 billion (US$6.2 billion) (2016)

Net income: ₹83.5759 billion (US$1.2 billion) (2016)

Total assets: ₹5.25468 trillion (US$78 billion) (2016)

Total equity: ₹4.7657 billion (US$71 million)

Number of employees: 56,084 (March 2016)

Website: axisbank.com

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