Most Profitable Banks in India

ICICI Bank is one of the most profitable banks in India. It is the country's second-largest bank with total assets of Rs. 4,062.34 billion (US$ 91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for the year ended March 31, 2011. ICICI Bank (India) has won the Excellence in Business Model Innovation award for 2008 in Asia. It has built a powerful, sustainable and profitable business proposition in the remittance and NRI business unrivalled anywhere in Asia.

State Bank of India (SBI) is also one of the most profitable banks in India. It the country's largest commercial Bank in terms of profits, assets, deposits, branches and employees. The Bank's Net Profit for FY 10 maintained at Rs. 9166 crores against Rs. 9121 crores in FY09. Net Interest Income increased by 13.41% in FY 10 over FY 09.

HDFC Bank is one of the fastest growing and most profitable banks in India. It is also the second largest private sector bank in the country. The Bank has been declared the "Strongest Bank in Asia Pacific". In a survey conducted by the Asian Banker magazine, the bank won this honour, beating more than 50 banks across 13 countries in the Asia Pacific region.

* Next: Best Performing Banks in India
0 comments: