Top 10 Banks of India

As of 16 January 2009 the top 14 listed banks of India are:

Name of Bank	Market Cap billion $ *	Sector
State Bank of India	15.26	Public Sector
ICICI Bank	9.73	Private Sector
HDFC Bank	8.21	Private Sector
State Bank of Mysore	3.91	Public Sector
Axis Bank	3.29	Private Sector
Punjab National Bank	2.96	Public Sector
Bank of India	2.75	Public Sector
Kotak Mahindra Bank	2.25	Private Sector
Bank of Baroda	1.82	Public Sector
Canara Bank	1.70	Public Sector
Union Bank	1.60	Public Sector
IDBI Bank	0.90	Public Sector
Indian Overseas Bank	0.75	Public Sector
Central Bank	0.33	Public Sector

Out of 14 banks only 4 are private sector banks emphasizing the important role of public sector banks in the Indian Banking system. The public sector banks are so called as the government is the major shareholder in these banks and has a lot of authority in their policies and actions.

Here are the financials of these banks.

Name of Bank	Assets	Net Sales	Net Profit
State Bank of India	110.32	10.09	1.39
ICICI Bank	60.88	6.35	0.86
HDFC Bank	20.45	2.09	0.33
State Bnk My	5.65	0.51	0.07
Axis Bank	18.08	1.44	0.22
PNB	33.75	2.94	0.42
Bank of India	30.72	2.55	0.41
Kotak Mahindra Bank	4.54	0.52	0.06
Bank of Baroda	29.44	2.44	0.30
Canara Bank	30.45	2.93	0.32
Union Bank	21.44	1.95	0.29
IDBI Bank	22.83	1.65	0.15
IOB	17.44	1.64	0.25
Central Bank	20.97	1.65	0.11

State Bank of India (SBI) is clearly the dominant player in the Indian Banking Industry. It is the only bank of India with profit above 1 billion dollar. However, SBI is very small comparison to the top banks in the world. While Royal Bank of Scotland has assets worth about 2 trillion dollars, SBI's total assets value is about110 billion dollars. It will take some time before Indian banks become significant at the world level.

*The conversion rate of 1$ ~ 48.5 Indian Rupees has been taken for above data.