Top Five Banks in India

Top Five Banks in India



List of Top Banks in India

List of top ten banks in India as per market capitalization is as follows. The list include both private and govt owned banks.

HDFC Bank is Indian banking and financial services company. It is headquartered in Mumbai, Maharastra. HDFC Bank is a subsidary of HDFC – Housing Development and Finance Corporation. HDFC Bank

It is largest bank in India by market capitalization as of February 2016. HDFC Bank was incorporated in 1995. HDFC Bank has done acquisition  of two other banks, Times Bank in 2000 and Centurion Bank in 2008.

State Bank of India (SBI)

SBI is a public sector banking and financial services company. State Bank of India is a government owned corporation. SBI is headquartered in Mumbai, Maharastra. SBI is largest bank in India by market capitalization.

Earlier it was present as Imperial Bank. In 1955 Government of India owned Imperial bank with 60% stake of RBI and renamed it State Bank of India. Indian Government took over RBI stake in 2008. SBI has 190 offices in 36 foreign countries including USA, Australia, France, Germany etc.

ICICI Bank

ICICI Bank is Indian banking and financial service company. It is headquartered in Mumbai, Maharastra. ICICI Bank is the third largest bank of India by market capitalization as of Feb 2016.

ICICI Bank

It was incorporated in 1994 as part of ICICI (Industrial Credit and Investment Corporation of India) group. ICICI Bank is the first Indian bank listed on New York Stock Exchange. ICICI bank has done acquisition of several banks including Bank of Madurai and Bank of Rajasthan.

Kotak Mahindra Bank

Kotak Mahindra is a private sector bank headquartered in Mumbai, Maharashtra. In 2003, RBI gave license to Kotak Mahindra Finance Ltd. to start banking business. In 2014, Kotak Mahindra Bank acquired ING Vysya Bank..

Kotak Mahindra Bank

Axis Bank

In 2007, UTI Bank was renamed as Axis Bank. UTI Bank started its operation in 1993, after Government of India allowed private bank to start banking business.

Axis Bank

The bank was promoted jointly by Administartor of Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company.

Other banks in top ten rank by market capitalization are IndusInd Bank,Yes Bank, Bank of Baroda, Punjab National Bank, IDFC Bank






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