Which is the largest commercial bank of India?SBIICICI BankHDFC BankAxis Bank (2024)

FAQs

Which is the largest commercial bank of India?SBIICICI BankHDFC BankAxis Bank? ›

The correct answer is State Bank of India. State Bank of India: SBI is the largest commercial bank in India. SBI stands for State Bank of India.

SBI is the largest commercial bank of India. SBI stands for State Bank of India. It is a public sector bank.

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation. 2. What is a bank's market capitalisation, and why is it important? A bank's market capitalisation is the total value of all its shares of stock.

State Bank of India (SBI)

With its headquarters in Mumbai, SBI is India's largest public sector bank. It has 22,405 branches in India, holds a 23 percent market share, and has a strong presence abroad, with more than 233 foreign branches in 36 countries.

In terms of size, SBI has a market capitalization of Rs 5,39,450 crore, while HDFC Bank's current market capitalisation stands at Rs 12,34,672 crore. The stock price of SBI is Rs 605 per share, and HDFC Bank's share price is Rs 1,630 per share.

State Bank of India is the largest commercial bank of India.

State Bank of India (3rd largest bank in India by market capitalisation): Founded in 1955, SBI is India's largest public sector bank with 22,405 branches and a 23 percent market share.

As of March 2024, HDFC Bank was the leading Indian private bank with total assets over 24 trillion Indian rupees. Within the banking sector, HDFC bank comes second after the public State Bank of India which is worth nearly 45 trillion Indian rupees in terms of assets during the same time period.

What is the first commercial bank of India? Bank of Calcutta is the oldest commercial bank in India. It was established in the year 1806.

Which is the largest and oldest commercial bank in India? ›

State Bank of India (SBI) is the oldest bank in India. State Bank of India is also the largest bank in India. SBI was established as Bank of Calcutta in 1806. It was renamed as Bank of Bengal in 1809.

HDFC (Housing Development and Finance Corporation Ltd) Bank is currently the largest private sector bank in India. HDFC Bank had a massive net revenue of Rs. 38,151 crores for the fiscal year 2022-23. The bank offers a wide spectrum of product and service offerings in various banking segments.

After the merger, HDFC will also surpass its peer banks like State Bank of India and ICICI Bank, in terms of market capitalisation. Ahead of the merger, shares of HDFC twin rallied continuously in past months.

SBI scored higher in 2 areas: Diversity and inclusion and Compensation & Benefits. HDFC Bank scored higher in 6 areas: Culture and values, Work-life balance, Senior management, CEO approval, Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall rating and Career opportunities.

Case in favour of HDFC Bank

"Thus, assuming a similar asset quality profile, HDFC Bank is better placed than ICICI Bank on the growth (due to improved reach) and profitability) improved operating leverage) fronts.

As of March 2021, with total assets of more than 15 trillion Indian rupees, HDFC Bank is the largest private sector bank in India. If we consider both the public sector banks and private sector banks, then, State Bank of India (SBI) is the largest bank in India having assets worth more than 40 trillion Indian rupees.