Largest Banks in India by Market Capitalization | List

List of Largest banks in India by Market capital.

Banking Sector and Credit Market

India’s retail credit market is the fourth largest in emerging countries. It increased to US$ 281 billion in December 2017 from US$ 181 billion in December 2014. In FY07-18, total lending increased at a CAGR of 10.94 percent and total deposits increased at a CAGR of 11.66 percent.

The Indian banking system consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks.

Non-Performing Assets (NPA)

As per the RBI’s December 2018 Financial Stability Report, the Gross Non-Performing Assets (GNPA) ratio of scheduled commercial banks declined from 11.5 percent in March 2018 to 10.8 percent in September 2018. The ratio is expected to have declined further to 10.3 percent by March 2019.

List of Top Banks in India

Here we can see the list of top 10 Largest banks in India in the year 2019. These lists are ranked based on the Market Capitalization of the Bank.

6. IndusInd Bank Ltd

IndusInd Bank is ranked 19th amongst the Top 50 Most Valuable Indian Brands 2014 as per the BrandZ Top 50 rankings powered by the WPP and Millward Brown. Also, the Bank has bagged the 39th rank in The Economic Times and Interbrand Best Indian Brands Study – 2014.

• Market Cap:  96,912 Cr
• Revenue: Rs 24,154 Cr
• NIM: 4.05%
• CASA: 43.1%
• ATMs: 2,605
• Branches: 1,938
• Gross NPA: 2.15%
• Customer Base: 9 million+

IndusInd Bank stands tall today as one of the reputed banking brands in the country. The Bank has combined responsiveness with innovation to launch a wide range of banking products and services which are unique, convenient and very relevant to the Indian consumer.

In the recent past, the Bank has launched a host of innovative services like My Account My Number, Choice Money ATMs, Check-on-Cheque, Cash-on-Mobile, Direct Connect, Quick Redeem Service and 365 Days Banking. All these unique services have been widely publicized and have been well appreciated by the customers.

5. Axis Bank Ltd

Axis Bank is the third-largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses.

The Bank has a large footprint of 4,050 domestic branches (including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March 2019.

• Market Cap:  176,669 Cr.
• Revenue: Rs 56,044 Cr
• NIM: 3.56%
• CASA: 43.2%
• ATMs: 11,801
• Branches: 4,094
• Gross NPA: 5.25%

The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

4. State Bank Of India

With a legacy of over 200 years, State Bank of India (SBI) traces its ancestry to the Bank of Calcutta founded in 1806 and is the oldest commercial bank in the Indian subcontinent. SBI is an Indian multinational, public sector banking.

• Market Cap:Rs 260,331 C  Cr.
• Revenue: Rs 257,716 Cr
• Employees: 257,252
• NIM:
• CASA: 45.74%
• ATMs: 58,415
• Branches: 22,010
• Gross NPA: 7.53%
• Customer Base: 43.51 Crores

Headquartered in Mumbai, SBI provides a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers through its various branches and outlets, joint ventures, subsidiaries, and associate companies.

3. ICICI Bank

ICICI Bank is a leading private sector bank in India. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.

• Market Cap:  Rs 266,974 Cr.
• Revenue: Rs 84,353 Cr
• Employees: 84,922
• NIM: 3.61%
• CASA: 45.2%
• ATMs: 14,987
• Branches: 4,874
• Gross NPA: 6.7%
• Customer Base:

ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies. Icici bank is one of the largest banks in India by market capital.

2. Kotak Mahindra Bank Ltd

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd.

• Market Cap: Rs 283,464 Cr.
• Revenue: Rs 31,346 Cr
• Employees: 41,753
• NIM: 4.3%
• CASA: 52.5%
• ATMs: 2,352
• Branches: 1,500
• Gross NPA: 1.9%
• Customer Base: 17 million+

Effective April 1, 2015, ING Vysya Bank Ltd. merged with Kotak Mahindra Bank Ltd. 
The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India.

1. HDFC Bank

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalization of the Indian Banking Industry in 1994.

• Market Capital: Rs 617,499 Cr
• Revenue: Rs 105,161 Cr
• Employees: 98,061
• NIM: 4.3%
• CASA: 48%
• ATMs: 13,160
• Branches: 5,103
• Gross NPA: 1.36%
• Customer Base: Over 49 Million.

The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. One of the biggest banks in India

HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. HDFC Bank is the largest banks in India by Market capital.