Top 5 Banks in India

best banks in indiaWelcome back to EarningDiary. Do you know the names of top five Indian banks? Here is the list of top five Indian banking companies in both public and private sectors-

1. State Bank of India

State Bank of India is the largest bank of India from all Top 5 Banks in India. It have position #1 in Top 5 Banks in India. It is state-owned bank and having headquarters in Mumbai, Maharashtra. State Bank of India is widely known as SBI. It have assets of 370$ billion with largest branch network in India. SBI have also one of the largest branch network in overseas with 150 branches and banking agents worldwide. SBI is also one of the largest bank of the world. It ranked #292 in Fortune Global 500 list of top comanies of the world.

SBI have five associated banks 1. State Bank of Bikaner and Jaipur 2. State Bank of Hyderabad 3. State Bank of Mysore 4. State Bank of Patiala 5. State Bank of Travancore. There were also two other associated banks State Bank of Saurashtra and State Bank of Indore which were merged into State Bank of India. State Bank of India recruitment generally largest in the country.

2. ICICI Bank

ICICI (Industrial Credit and Investment Corporation of India) Bank is the second largest bank from Top 5 Banks in India. It is largest private bank of India with assets of US$ 119 billion as on 2011 year. ICICI Bank has branch network of 2575 in India.

ICICI Bank has also wide presence in 18 countries including Bahrain, Russia, Canada, United Kingdom, China, UAE, Bangladesh, South Africa, Sri Lanka, Qatar, Malaysia, Thailand, Indonesia, Singapore, United States, Hong Kong, Belguim, Germany.

ICICI Bank is also listed in NSE, BSE and NYSE.

3. Punjab National Bank

Punjab National Bank (PNB) is the third largest bank from Top 5 Banks in India with total assets of US$82 billion. It is one of the oldest bank in India, founded in 1894. It has one of the widest branch network in India with 5000 branches in 764 cities. Punjab National Bank was also inlcuded in Fortune India 500 list at #26.

PNB was also ranked 248th biggest bank in the world by Bankers Almanac, UK. Punjab National Bank have also widest network in foreign countries. PNB has opened its operation in Pakistan’s Lahore city in 1895.

4. HDFC Bank

HDFC Bank is the fourth largest bank in India after PNB in Top 5 Banks in India. It is 2nd largest private bank in India after ICICI Bank. It has US$65 billion in assets as per the 2011 year stats. HDFC Bank has one of the largest workforce in banking industry in India with 55,752 employees.

HDFC Bank is growing very fast in branch networks in India. Currently it have 2000 branches in 996 cities of India. HDFC Bank have total of 5998 ATMs.

Also Check: The Importance Of Banking And Finance For Small Businesses

5. Bank of Baroda

Bank of Baroda (BOB) is the fifth largest bank in India after HDFC Bank. It have rank #5 in Top 5 banks in India. It was founded by Sir Sayajirao Gaekwad III in Baroda, Gujarat. It was princely state-owned bank. It was nationalized on 1969 by the Government of India. Bank of Baroda has the network of 3409 branches in India with 1657 ATMs.

First branch was opened at Ahmedabad in 1910. Now, BOB has 78 International branches including major countries where NRI residings. Bank of Baroda is serving most of Gujaratis in foreign countries with widest network in Africa continent. It also have branches in major financial centers of the world including New York, Dubai, Hong Kong, London and Singapore.

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