Whenever we hear the name BANK all of sudden there is only one thing which comes to our mind i.e. MONEY. There are total 88 functioning bank in India out which 27 bank are in Govt. Undertaking , 31 are private bank Govt have no share in it and 38 foreign bank.
Banks help the entire nation in any financial crunch. People usage bank to put their money at safe place so that they can have a sound sleep without worrying about their money. Here are the list of banks in India which tops as per their status and growth.
10.) Canara Bank (www.Canarabank.in)
This is a public bank founded as the Canara Bank Hindu Permanent fund in 1906 with names changed till now as Canara bank (1969). The bank trades as (BSE: 532483, NSE: CANBK). The bank was founded by Ammembal Subba Rao Pai, in Mangalore, India. After the order from RBI, it accquired G.Raghumathmul Bank, in Hyderabad. The present CMD of the bank is Sunderrajan Raman. The bank provides a key feature in different type of banking segment. The recent revenue of bank was about Rs. 257.92 billion and the total asset of the bank is estimated about Rs. 3.2864 trillion in the year 2011.The current employee count is 44,450.
9.) Bank of India (www.bankofindia.com)
A state owned bank established on 7 September 1906, with the headquarters at Mumbai, India. Alok Kumar Misra is the CMD of the bank. The bank specializes in commercial banking , Asset management, mortgages and other banking product. The recent revenue collection grossed Rs. 24,393.50 crore with the total asset estimated about Rs. 364,554.68 crore. Incorporated as a financial services bank, it trades as Public (BSE: BOI).
8.) IDBI bank (www.idbi.com)
IDBI bank Ltd. is an Indian financial service sector bank with its headquarter at Mumbai. India. Under the Act of Parliament in year 1964, it was established with a motto to provide credit facilities and many other providing for the development of the fledgling Indian Industry. The bank trades as Public (BSE: 500116). R M Malla is the CMD of the bank. The Bank is specially work for the Industries and have various product design for different type of Industries. This bank also serve for personal banking , private equity, wealth management. Taking the revenue concern, the bank grossed Rs.20,858 crore as the annual revenue for the year 2011. The total asset of the bank is estimated about Rs. 253,116 crore. Employee count for the last year was 14k.
7.) Citibank (www.citibank.com/india)
A subsidiary of the Citigroup, the bank was founded in 1812 as the City Bank of New York. It is the third largest holding company in US in terms of total asset possession after Bank of America and JP Morgan Chase. The Bank is operational in more than 100 countries total of 1400 offices all around the globe. Having established in year 1902 in India, the bank has grown to new heights. Pramit Jhaveri si the Citi Country Officer, India. The key features of bank includes credit cards, Loans, Investments, and NRI banking-cum-Insurance. Anand Selva, the Country Business Manager of India.
6.) Bank of Baroda (www.bankofbaroda.com)
The Highest profit making bank of india and the third largest PSU bank in terms of number of business in India. A total asset of handsome figures of Rs. 3.58 Lacs crore, it has a networl of approximately 4000+ branches and over 2000 ATMs. Area os services covered is global and worldwide. M.D. Mallya is the chairman and MD of the bank. The bank trades as BSE: 532134. The bank was founded on 20 July 1908 by The Maharajah of Baroda, Sir Sayajirao Gaekwas III, Peshwa of the Maratha Empire. After the nationalization, along with 13 other major banks, it became a govt. bank.
5.) The AXIX BANK (www.axisbank.com)
The AXIX bank was came in functioning in year 1994 after the RBI ordinance. The bank is administrated by so many other bodies of INDIA. UTI,LIC,GIC and other PSU. The bank was known before with name of UTI bank. The Axix bank is having more than 1600 branches which is spread in all over the India. The bank is having its headquarter functioning in Ahemdabad. The bank provides 24 hours services to its customer via different way..
4.) ICICI BANK( www.icicibank.com)
The ICICI bank is having total assets of US$ 93 billion. The services of this bank are given to the customer from its wide networks of its branches having a total of 2,766 all over the India. This is the first bank which came with the facility of 8 to 8 banking for its customers. The bank is having verity of product for every customer need. Recently ICICI bank has take over THE BANK OF RAJASTHAN. due to which the bank was in headline for a period of time.
3.) Punjab National Bank (www.pnbindia.in)
PNB is the Indian financial Public sector bank, established in 1895. The bank is having its more than 5000 branches with a employee total of 56,928 in 2011. The bank asset for the year 2011 has been estimated about Rs. 373,786 and the revenue collection for the last year was grossed Rs. 36,428 crore. It serves for more than 37 million customers round the globe making it the second largest state owned commercial bank ahead of BOB. The headquarters of bank is in New Delhi, India. K R Kamth is the Chairman and MD of the bank presently. This bank come with different scheme and product time to time.
The The Housing Development Finance Corporation Limited(HDFC) bank giving its services in India from last 18 years. This is the first bank which came into services after receiving permission from RBI to start a private sector bank. The HDFC bank has received 9 awards in year 2012 and yet more to be count,and more than 15 awards in year 2011 and the list goes on. The bank have different product and finance scheme for every segment of customers. The HDFC bank is operating with 2544 branch around the India.
1.) State Bank of India (www.statebankofindia.com)
The bank was founded in 1806 with the name of Imperial Bank of India and on 1 July 1955, The Govt. of India nationalized the bank with the Reserve Bank of India taking a 60% stake and rename it the State bank of India. In 2008, the govt. took over the stake held by Reserve Bank of India. Pratip Chaudhuri is the Chairman of the bank presently. The bank trades as a public sector bank in NSE: SBIN, BSE: 500112, LSE: SBID, BSE SENSEX Constituent. The headquarters of the bank is in Mumbai, India. The bank deals in with almost all banking features. The recent revenue for the year 2012 is US $ 37 billion. The bank owns an asset of approximately US $ 20/854 billion with a employee count of more than 292k. State bank of India, tops the list of the best bank in India.