Which is the largest commercial bank of India?SBIICICI BankHDFC BankAxis Bank (2024)

FAQs

Which is the largest commercial bank of India?SBIICICI BankHDFC BankAxis Bank? ›

SBI is the largest commercial bank in India. SBI stands for State Bank of India. It is a public sector bank. Its headquarters is situated in Mumbai, Maharashtra.

SBI is the largest commercial bank of India. SBI stands for State Bank of India. It is a public sector bank.

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

HDFC Bank is the largest private bank, followed by ICICI Bank and Kotak Mahindra Bank. Types of private banks include commercial banks, small finance banks, cooperative banks, and payments banks. Private banks bring efficiency and innovation into the banking sector.

Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and fourth largest by market capitalisation.

It might be a government bank owned by the central government or the state government. For instance, the State Bank of India, which has a 52% government stake, is India's largest public sector bank.

Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.

The bank has a vast domestic network of over 10,800 branches (approximately 14% of all bank branches in India) and has over 8,500 ATMs. It commands 15.14% of deposits and 15.61% of advances of all scheduled commercial banks in India. The Corporate Centre of SBI is in Mumbai.

Second Biggest Private Bank in India – ICICI Bank

ICICI Bank, the second-largest private bank in India, offers a wide range of banking services to its extensive customer base. With a revenue of ₹186,178.80 crores and a net income of ₹9,121.87 crores in 2023, it boasts total assets worth INR 19.58 lakh crores.

Which is the second largest public bank in India? ›

Punjab National Bank is the second largest and nationalized bank in the country where the government holds 76.87% shares. Founded on 12 April 1894 by Dyal Singh Majithia Lala Lajpat Rai, the bank is headquartered in Dwarka, New Delhi.

As of March 2021, with total assets of more than 15 trillion Indian rupees, HDFC Bank is the largest private sector bank in India. If we consider both the public sector banks and private sector banks, then, State Bank of India (SBI) is the largest bank in India having assets worth more than 40 trillion Indian rupees.

State Bank of India (3rd largest bank in India by market capitalisation): Founded in 1955, SBI is India's largest public sector bank with 22,405 branches and a 23 percent market share.

ICICI bank is a leading private sector bank in India. It stands for Industrial Credit and Investment Corporation of India (ICICI). Also read: Difference Between Monetary Policy and Fiscal Policy.

Standard Chartered is the largest foreign bank in India.

HDFC Bank is one of the most popular banks in India, with its headquarters in Mumbai. It is also the largest private sector bank in terms of assets, and in market capitalization, it is ranked the world's fifth largest bank. It offers personal banking, online net banking services, loans, cards, and more.

1. SBI. SBI stands as one of the largest banks in India (public sector), holding the first position among the top 10 government banks in India. It commands a substantial market share, exceeding 20% in both deposits and loans.