Which is the biggest finance bank in India?
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 of January 2024, HDFC enjoys a market capitalization of Rs. 9.34 trillion. Headquartered in Mumbai, Housing Development Finance Corporation Ltd. HDFC is the largest private sector bank in India at present and also ranked as Number 1 Bank in India according to as per Forbes World's Best Bank survey.
| Rank | Bank Name | Net Profit 2023 (Rs. Cr.) |
|---|---|---|
| 1 | State Bank of India (SBI) | 56,558 |
| 2 | HDFC Bank | 46,149 |
| 3 | ICICI Bank | 34,463 |
| 4 | Punjab National Bank (PNB) | 3,069 |
State Bank of India (SBI) is India's largest public sector bank, with a rich history dating back to 1955. As a key player in the country's financial landscape, SBI offers a wide range of banking and financial services, serving millions of customers across India and abroad.
The Largest Banks in the US: A Comprehensive Guide. The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.
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.
| Sr No | List of Banks |
|---|---|
| 1. | State Bank of India |
| 2. | HDFC Bank |
| 3. | Bank of Baroda |
| 4. | ICICI Bank |
| Ranking | Bank's Name |
|---|---|
| 1. | Housing Development Finance Corporation Ltd. (HDFC Bank Ltd) |
| 2. | State Bank Of India (SBI) |
| 3. | ICICI Bank |
| 4. | Axis Bank |
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
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.
Which bank produce money in India?
Banknotes in India are currently being issued in the denomination of ₹10, ₹20, ₹50, ₹100 ₹200, ₹500, and ₹2000. These notes are called banknotes as they are issued by the Reserve Bank of India.
Standard Chartered is the largest foreign bank in India.
There were around 46 international banks in India in the year 2020. Other well-known foreign banks having a large presence in India are Citibank, Deutsche Bank, and Barclays Bank. The headquarter is located in Hong Kong.
Currently, there are 12 government banks in India. State Bank of India, Central Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank, Indian Bank, UCO Bank, Bank of India, and Punjab and Sind Bank.
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.
BlackRock, Vanguard, Fidelity, State Street Global Advisors, and J.P. Morgan Asset Management are the five largest financial advisory firms in the United States, ranked by assets under management (AUM). The size of these firms allows them to offer a multitude of services to their clients.
A comfortable Mcap ratio lies between 2.5 and 4. Anything above 4 is risky. So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be 'safe', while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the 'red zone'.
"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.
- 1) HDFC Bank.
- 2) Axis Bank.
- 3) Kotak Mahindra Bank.
- 4) IndusInd Bank.
- 5) Yes Bank.
- 6) Federal Bank.
- 7) RBL Bank.
- 9) South Indian Bank.
In India, HDFC Bank has continuously been ranked among the best banks in terms of both assets and client happiness. The Reserve Bank of India (RBI) controls the bank, ensuring that it follows strict financial laws and security procedures.
Which bank is safe SBI or HDFC?
In terms of asset quality, HDFC Bank exhibited strength compared to SBI. If we analyse some key ratios useful for evaluating the banking business, let's begin with the Price-to-Book (PB) value. SBI has a PB ratio of 1.63, whereas HDFC's PB ratio is 4.47.
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.
India's largest private lender HDFC Bank has overtaken State Bank of India (SBI) to earn top spot on the list of 2023 CRISIL's Greenwich market share Leaders in Large Corporate Banking.
| List of PSU Banks | Number of Branches | Number of ATMs |
|---|---|---|
| Bank of Baroda (With Merger of Dena Bank & Vijaya Bank) | 8581 | 10318 |
| Canara Bank (With Merger of Syndicate Bank) | 10391 | 12829 |
| Union Bank of India (With Merger of Andhra Bank and Corporation Bank) | 9500 | 13300 |
| Bank of India | 5825 | 5000 |
- ICICI.
- HDFC.
- PNB.
- SBI.
- Axis.
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