Top 10 Largest Banks in India

State Bank of India (SBI) is the largest state-owned banking and financial services company in India based on assets. It is the country's oldest bank and a premier in terms of balance sheet size, number of branches, market capitalization and profits. SBI is the only bank to be listed in coveted 'top 10 brands of India' in an annual survey conducted by Brand Finance and The Economic Times in 2010.

ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00 billion (US$ 81 billion) at 31 March 2010. The Bank offers a broad range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited.

Punjab National Bank is the third largest bank in India. The bank has been ranked as the 248th biggest bank in the world by the Bankers Almanac, London.

The Top 10 Indian Banks based on Assets held as of 31 Dec 2008 are as follows:
No., Bank, Total Assets as of Dec,2008 (in US $ millions)
1 State Bank of 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

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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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