Top 10 Best and Largest Bank of India in 2017

India is well known for its strong banking and financial sector. Banking and Finance are the backbone of Indian economy. India is second populated country in the world and when it comes to Indian economy banking is the largest sector where the most of the transaction take place. After a major reform in year 1991, Number of Banks in India increased day by day. Now a day India is moving towards digitization . After the concept of digital India, Many Payment Bank like Airtel Payment Bank , Paytm Payment Bank and Others are introduced in Indian Market. After the introduction of Pradhan Mantari Jan Dhan Yojana, a major revolution takes place in Banking Sector. This Scheme help a lots of People to have their own Bank Accounts  or You may say this scheme help the Banking Sector to connect with a huge Number of  new Costumers.

 

Here is the list of Top 10 Best and Largest Bank of 2017 in India

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, nationalization
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

 

The full form of HDFC is “Housing Development Finance Corporation”
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

The Full Form Of ICICI is “Industrial Credit and Investment Corporation of India”
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. 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

 

5. Bank of India


Type: Public
Industry: Financial services
Founded: 7 September 1906; 110 years ago
Headquarters: Mumbai, Maharashtra, India
Key people: Shri Melwyn Rego (MD & CEO)
Products: Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
Revenue: ₹243,935.0 million (US$3.6 billion)
Operating income: ₹53,842.3 million (US$800 million)
Net income: ₹24,887.1 million (US$370 million)
Total assets: ₹6,469 billion (US$96 billion) (2015)
Website: www.bankofindia.com

6. IDBI Bank

Full Form of IDBI is Industrial Development Bank of India
Type: Government-owned bank
Industry: Banking, Financial services
Predecessor: IDBI
Founded: July 1964; 52 years ago
Headquarters: Mumbai India
Key people: Mr. Kishor Kharat (MD & CEO)
Products: consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
Revenue Increase: ₹31,453.16 crore (US$4.7 billion) (2016)
Operating income: Increase ₹5,370.07 crore (US$800 million) (2016)
Net income: Decrease ₹3,664.80 crore (US$540 million) (2016)
Total assets: Increase ₹374,372.13 crore (US$56 billion) (2016)
Number of employees: 16,555 (March 2015)
Website: www.idbi.com

7. Canara Bank


Type: Public
Industry: Banking, Financial services
Founded: Canara Bank Hindu Permanent Fund (1906; 111 years ago at Mangalore, India), Canara Bank Ltd (1910), Canara Bank (1969).
Headquarters: Bangalore, Karnataka, India
Key people: Shri T. N. Manoharan (Chairman), Shri Rakesh Sharma (MD & CEO)
Products: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages, Credit Cards
Revenue: ₹339 billion (US$5.0 billion) (2012)
Net income: ₹33.41 billion (US$500 million) (2012)
Total assets: ₹4.72 trillion (US$70 billion) (2015)
Owner: Government of India
Number of employees: 53,506 (2016)
Website: Canara Bank

8. 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

9. Bank of Baroda


Type: Public
Industry: Banking, Financial services
Founded: 20 July 1908 – 108 years ago
Founder: Maharaja H. H. Sir Sayajirao Gaekwad

Headquarters: Vadodara, India
Area served: Worldwide
Key people: P. S. Jayakumar(CEO & MD), Ravi Venkatesan (Chairman), Bharat Dangar (Director)

Products: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Total assets: ₹6.714 trillion (US$100 billion) (2015)
Owner: Government of India
Website: www.bankofbaroda.com

10. Union Bank


Type: Public company
Industry: Financial services
Founded: 11 November 1919 – 97 years ago
Headquarters: Mumbai, India
Key people: Arun Tiwari (Chairman & MD)
Revenue: ₹211.44 billion (US$3.1 billion) (2012)
Net income: ₹17.87 billion (US$270 million) (2012)
Owner: Government of India
Number of employees: 36377(2015)
Website: www.unionbankofindia.co.in

 

 

#Bank Data Source @Wikipedia

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