The Top 10 Banks in India Based on Assets
The Top 10 Indian Banks based on Assets held as of Dec 31,2008 are listed below. Similar to Brazil, China and other countries, there are both private and state-owned banks in India.
The Top 10 Indian Banks based on Assets
| S.No. | Bank | Total Assets as of Dec,2008 (in US $ millions) |
|---|---|---|
| 1 | State Bankof India | 256,124.00 |
| 2 | ICICI Bank Limited | 94,747.00 |
| 3 | Punjab National Bank | 49,777.00 |
| 4 | Bank of Baroda | 45,600.00 |
| 5 | Bank of India | 44,432.00 |
| 6 | Canara Bank | 43,210.00 |
| 7 | HDFC Bank Ltd | 36,000.00 |
| 8 | IDBI Bank Ltd | 34,169.00 |
| 9 | Union Bank of India | 31,598.00 |
| 10 | Central Bank of India | 29,026.00 |
Source: BankScope
The largest bank in India is the state-owned State Bank of India, which stood at 113 in world ranking of banks by assets. The two highly successful private sector banks in the list are ICICI Bank (IBN) and HDFC Bank (HDB). ICICI ranked second based on assets at the end of 2008. None of the other banks in the list trade in the US markets.
India-focused ETFs and ETNs:
Powershares India Portfolio (PIN)
WisdomTree India Earnings Fund (EPI)
iPath MSCI India Index ETN (INP)
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[...] today we looked at the The Top 10 Banks in India based on Assets. In this post, lets review the most profitable banks in India based on 2008 Net [...]