Wednesday, January 6, 2016

Top Ten Banks in India

1. STATE BANK OF INDIA
The leading bank of India in 2015 is State Bank of India, which has been serving customers since 1955 and has more than 17000 branches in the country in addition to 27000 branches, where more than 3 lakhs people are employed. The bank shared a 20% chunk in the banking sectors of the country and its asset management value is $ 390 billion.

2. ICICI BANK
With net assets managed equaling $ 99 billion, ICICI Bank features next on the list of current top 10 banks in the country. The bank is acclaimed for its customer friendly policy and fast services. It has nearly 3540 branches and 11000 ATMs around the country.

3. PUNJAB NATIONAL BANK
The next name on the list of best banks of India in 2015 is that of Punjab National Bank, which has asset management of $ 90.9 billion. Additionally, the bank has an extensive network in the country, with more than 5800 branches and 6000 ATMs spread in all corners of India.

4. BANK OF BARODA
From the asset management point of view, Bank of Baroda comes on the fourth position in the list. The bank was set up way back in 1908 and currently carries its business through 4200 branches and 2000 ATMs around the nation. The bank manages assets worth nearly $ 73 billion.

5. HDFC BANK
On number 5 in the list of top 10 banks of India in 2015 is the HDFC Bank, which has been providing excellent banking services since its establishment in 1994. The bank operated through 3200 branches and 12000 ATMs in 1400 cities across India and has net asset management worth $ 66.7 billion.

6. CANARA BANK
Canara Bank, which was set up back in 1906 by Subba Rao Pai, comes next on this list with net asset management worth $ 61 billion. The bank serves its customers through 3200 branches and 4000 ATMs and has an employee base of 44000 workers.

7. AXIS BANK

The next bank to be included in this top 10 list is Axis Bank, a leading private bank which was established in 1994. This bank is acclaimed for excellence in services and has nearly 2225 branches and 12000 ATMs in India and manages assets worth $ 54 billion.

8. BANK OF INDIA
Featuring on number 8 in this list is Bank of India, a public sector bank serving the country since 1906. Currently, it is operating through 4187 branches, including 52 overseas branches, and nearly 1700 ATMs.

9. IDBI BANK
IDBI Bank, which comes under the category of other public sector bank, came into existence in 1964. At present, the bank manages assets worth $ 42 billion and operates through 1150 branches and 2000 ATMs, which are served by an employee base of 15000 people.

10. UNION BANK OF INDIA
One of the biggest banks in the country in 2015 is Union Bank of India, which was set up in 1919 and its present net asset management is worth nearly $ 13.45 billion.
All these banks have received recognition for serving the customers in addition to generating massive profits.

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