Business Desk – As you know banking is one of the important sectors that encourage the economy of India. It doesn’t matter if it is private or government.
Today, we will talk about Indian banks with the largest market capitalization, it will help you to make the right decision while planning to invest. Read on and know about it more.
Housing Development Finance Corporation Limited (HDFC) has a market capitalization of Rs 9,28,657.99 crore and it is considered to be the fourth-most valuable bank in the world. It offers services such as personal banking, home loans, vehicle loans, lifestyle loans, business loans, credit cards, and debit cards. In India, it has 7,821 branches with 19,727 ATMs and 737 outlets.
Industrial Credit and Investment Corporation of India (ICICI) is India’s fastest-growing private bank with a market capitalization of Rs 6,62,721.71 crore. It has around 6,612 branches in India.
State Bank of India (SBI) has a market capitalization of Rs 5,29,898.83 crore. It is one of the richest banks in India with more than 24,000 branches and 62,000 bank ATMs.
Kotak Mahindra Bank
Kotak Mahindra Bank has a market capitalization of Rs 3,68,339.69 crore. Its headquarters are situated in Mumbai and has 1,780 branches in India with 2,963 ATMs.
Axis Bank has a market capitalization of Rs 3,01,421.42 crore. It is also the richest bank and one of the 4th largest private-sector banks in India. It has 4,903 branches with 15,953 ATMs in India.