Top 10 Banks in India by Size and Market Capital
The banking sector is the backbone of Indian economy. This article is useful for you if you want to know the top 10 banks in India in terms of size and market capitalization. Market capitalization is a pretty useful tool for investors to know the aggregate valuation of the company. It helps in knowing the size of a company along with the associated risks. This parameter is based on the current market price of one stock and the total number of outstanding stocks.
Now, let’s check the top 10 banks in India in terms of market capitalization:
1. HDFC Bank Ltd. (NSE: HDFCBANK)
HDFC Bank is the largest bank in India, considering the market capitalization factor. As on April 2, 2019, this private bank’s market capitalization was Rs. 6,25,666.08 crores. HDFC Bank Limited (headquartered in Mumbai) has 4,963 branches and 13,160 ATMs across 2,727 cities in India. This bank is also the largest private sector lender in India, in terms of assets. AsiaMoney has named HDFC Bank as the Best Digital Bank of India. This banking and financial services company has permanent employee strength of 88,253.
2. State Bank of India (NSE: SBIN)
State Bank of India (SBI) is the largest public sector bank in India. This Indian multinational bank is headquartered in Mumbai (Maharashtra) and during FY2017 it had ranked 216th on the Fortune Global 500 list. In terms of market cap, SBI is the second largest bank in India. As of April 2, 2019, its market capitalization was Rs. 2,93,218.11 crores. In terms of assets, SBI has a market share of 23 percent. There are 85,356 branches and 59,291 ATMs across India. State Bank of India has presence in more than 36 countries.
3. ICICI Bank Ltd (NSE: ICICIBANK)
ICICI Bank Limited is an Indian MNC banking entity that has a market capitalization of Rs. 2,56,205.53 crore (as on April 2, 2019). Its registered office is in Vadodara (Gujarat) and headquarters in Mumbai (Maharashtra). ICICI Bank has 4867 branches and 14367 ATMs across India. It is present in 16 countries outside India and its offshore offices are in the USA, China, Dubai International Finance Center, Singapore, Bahrain, South Africa, and many more.
4. Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK)
Kotak Mahindra Bank is the fourth largest bank and third largest private bank in India, in terms of market capitalization. As of April 2, 2019, its market cap was Rs. 2,55,537.49 crores. This leading private bank boasts of having a network of 1,369 branches and 2,163 ATMs across India. Kotak Mahindra Bank was founded in Feb’2003 and by Feb’2014 it achieved 245th rank in Brand Finance Banking 500. It has revenue of Rs. 21,176.09 crores (as of 2017) and 50,000 employees across India.
5. Axis Bank Ltd. (NSE: AXISBANK)
Axis Bank has a market capitalization of Rs. 1,97,360.89 crores (as of April 2, 2019), making it the 5th largest bank and 4th largest private bank in India. It is headquartered in Mumbai and has 4000 branches, 12,705 ATMs and 3,548 cash recyclers across India. Axis Bank Limited has a revenue of 56,747 crores and an employee strength of more than 55,000.
6. IndusInd Bank Ltd. (NSE: INDUSINDBK)
IndusInd Bank is the first ever new generation private bank in India. It was founded in 1994 and started its operations with an operational capital of Rs. 1 billion. IndusInd Bank Limited has 1,558 branches and 2453 ATMs across India. Most of its branches are in Mumbai (headquarter), New Delhi, and Chennai (Tamil Nadu). Its representative branches abroad are located in Abu Dhabi, Dubai, and London. This private bank has a market capitalization of Rs. 1,07,064.08 crores on April 2, 2019.
7. Yes Bank Ltd. (NSE: YESBANK)
Yes Bank is one of the fastest growing private banks in India whose market capitalization was Rs. 64,913.53 crores on April 2, 2019. It was founded in 2004 by Rana Kapoor and Ashok Kapur. This corporate entity has retail banking and asset management subsidiary functions. It has revenue of Rs. 25,491 crores with employee strength of more than 18,000. In India, Yes Bank Limited has more than 1,150 branches and over 1800 ATMs.
8. Punjab National Bank (NSE: PNB)
Punjab National Bank (PNB) is a state-owned corporation that boasts of having a customer base of more than 80 millions, around 7,000 branches, and 10,681 ATMs across India. Its revenue is 57,608.19 crore sand employee strength of over 70,000. PNB is a nationalized bank that has a market capitalization of Rs. 37,411.52 crores (as on April 2, 2019), making it one of the leading banks in India.
9. Bank Of Baroda (NSE: BANKBARODA)
Bank of Baroda (BoB) is a public sector MNC bank that is headquartered in Vadodara (Gujarat). As on April 2, 2019 it has a market capitalization of Rs. 35,251.50 crores. BoB is the first ever bank in India to witness a 3-way merger. It was officially merged with Dena Bank and Vijaya Bank on April 1, 2019. Bank of Baroda is one of the leading most banks having least non-performing assets (11.5 percent). This consolidated bank now has 12 crores customers, 9,500 branches, 13,400 ATMs, and 85,000 employees across India.
10. Bank Of India (NSE: BANKINDIA)
Bank Of India (BoI) is yet another public sector bank that has figured in the top 10 banks in terms of market capitalization. As on April 2, 2019, its market cap was Rs. 28,464.06 crores. Bank of India is a founding member of SWIFT. This Mumbai-headquartered bank has total employee strength of over 48,000 and revenue of 41,796.47 crores. While BoI has 5100 branches across India, 56 offices are located abroad.
These are the leading banks in India in terms of market cap. Some other leading banks in India include Canara Bank (NSE: CANBK), Central Bank of India (NSE: CENTRALBK), Union Bank of India (NSE: UNIONBANK), and others.