From HDFC Bank to SBI, here are India’s top 10 biggest banks. Check here
One of India’s biggest bank mergers, HDFC-HDFC Bank, is effective from 1 July and has emerged as one of the world’s top banking firms. The merger of HDFC Bank Ltd and Housing Development Finance Corp. will form a lender that will rank fourth in the equity market capitalisation at global level and will be valued at about $172 billion. The mega-bank will be just behind JPMorgan Chase & Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg.
After the inclusion of the Indian bank in the list of top global banks, take a look at other big banks of the country in terms of market capitalisation.
Top ten Indian banks (in terms of market capitalisation)
| Rank | Bank | Mcap ( ₹crore) |
| 1. | HDFC Bank (post merger) | 14,12,055.5 |
| 2. | ICICI Bank Ltd | 6,53,704.04 |
| 3. | State Bank of India | 5,11,201.77 |
| 4. | Kotak Mahindra Bank Ltd | 3,66,967.55 |
| 5. | Axis Bank Ltd | 304211.88 |
| 6. | Indusind Bank Ltd | 106707.03 |
| 7. | Bank of Baroda | 98436.88 |
| 8. | IDBI Bank Ltd | 59482.29 |
| 9 | Punjab National Bank | 56882.91 |
| 10. | Canara Bank | 54750.45 |
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Updated: 01 Jul 2023, 08:56 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.