What is the richest bank in India?
The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta. However, this bank failed to work and ceased operations in 1832. During the Pre Independence period over 600 banks had been registered in the country, but only a few managed to survive.
Rank & Bank Name | Type | Market Cap (Rs Lakh Crore) |
---|---|---|
#1 HDFC Bank | Private | 10.94 |
#2 ICICI Bank | Private | 7.07 |
#3 SBI | Public | 5.48 |
#4 Kotak Mahindra | Private | 3.52 |
- State Bank of India.
- Punjab National Bank.
- Union Bank of India.
- HDFC Bank.
- ICICI Bank.
- Kotak Bank.
- Bank of Baroda.
- Bank of India.
The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta. However, this bank failed to work and ceased operations in 1832. During the Pre Independence period over 600 banks had been registered in the country, but only a few managed to survive.
Rank | Rank & Bank Name | Type |
---|---|---|
1 | HDFC Bank | Private |
2 | ICICI Bank | Private |
3 | SBI | Public |
4 | Kotak Mahindra | Private |
HDFC Bank is the largest private bank in India. HDFC Bank, reporting a robust revenue of ₹66,317 crore for the quarter ending September 30, 2023, maintains a widespread presence with 7,945 branches and 18,183 ATMs. Serving over 8.9 crore customers, HDFC Bank continues to be a key player in the banking industry.
Which bank is the safest in India? According to RBI, the State Bank of India (SBI) is considered the safest bank due to its financial soundness, creditworthiness and significant presence in the market.
Bank | The Ascent's Rating |
---|---|
PNC Bank | 4.50 |
Western Alliance Bank | 4.25 |
SoFi | 4.00 |
Wells Fargo | 4.00 |
- ICICI.
- HDFC.
- PNB.
- SBI.
- Axis.
What bank do billionaires use?
1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said.
A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.
JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country.
The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation. 2. What is a bank's market capitalisation, and why is it important?
Anchor Bank | Established | Branches |
---|---|---|
Bank of India | 1906 | 5,152 |
Bank of Maharashtra | 1935 | 2,022 |
Canara Bank | 1906 | 9,677 |
Central Bank of India | 1911 | 4,608 |
Sl no. | Bank Name | Established in |
---|---|---|
1 | Axis Bank | 1993 |
2 | HDFC Bank | 1994 |
3 | ICICI Bank | 1994 |
4 | CSB Bank | 1920 |
A multiyear Global Finance award winner, J.P. Morgan, with client assets of $2.1 trillion, again takes the title of World's Best Private Bank.
Bank | Interest Rate of Savings Bank Account |
---|---|
State Bank of India | 2.70% - 3.00% |
Union Bank of India | 2.75% - 3.55% |
HDFC Bank | 3.00% - 3.50% |
ICICI Bank | 3.00% |
State Bank of India
With an extensive array of banking and financial services, it caters to millions of domestic and international clients. In the first quarter of the 2023-24 fiscal year, SBI surpassed Reliance Industries to become India's most profitable corporation.
As of 2023, the world's biggest private bank in terms of assets under management (AUM) is UBS Group AG. UBS, a Swiss multinational investment bank and financial services company, is renowned for its extensive services in wealth management, investment banking, asset management, and retail banking.
Which is the best government bank in India?
- BOB- Bank of Baroda.
- PNB- Punjab National Bank.
- Union Bank of India.
- Indian Overseas Bank.
- Canara Bank.
- Indian Bank.
- UCO Bank.
- Bank of India.
- Bank of America Corp.
- The Bank of New York Mellon Corp.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
- JPMorgan Chase & Co.
- Morgan Stanley.
- State Street Corp.
- Wells Fargo & Co.
Global Top 100 | ||
---|---|---|
Rank | Name | Fitch Rating |
1 | KfW | AAA |
2 | Zuercher Kantonalbank | AAA |
3 | BNG Bank | AAA |
"There is nothing alarming about our Adani exposure and we don't have any concerns as of now," SBI chairman Dinesh Kumar Khara told Reuters.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
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