5 Indian Banks With The Largest Market Capitalization, From HDFC To Axis

In India, the banking industry is essential for boosting economic growth, and several banks are among the top 5 in both the private and public sectors in terms of market capitalization. India’s top 5 banks are:

HDFC Bank

Housing Development Finance Corporation Limited, often known as HDFC Bank, has a market value of Rs 9,28,657.99 crore as of July 7, 2023. The market capitalization places HDFC as the fourth-most valuable bank in the world. It offers a wide range of services, including personal banking, credit cards, debit cards, house loans, auto loans, lifestyle loans, business loans, and lifestyle loans. In India, HDFC has 737 outlets, 19,727 ATMs, and 7,821 branches. The information on this record is taken from HDFC’s official website.

ICICI Bank

The market capitalization of Industrial Credit and Investment Corporation of India, or ICICI Bank, is Rs 6,62,721.71 crore, and as of July 7, each share is worth Rs 947. In India, ICICI Bank has around 6,612 locations. Its main office is in Mumbai, making it one of the fastest-growing private banks in India.

SBI Bank

One of the top 5 wealthiest banks in India is the government-owned State Bank of India (SBI). SBI has a market value of Rs 5,29,898.83 crore and a share price of Rs 593.75 at the moment. With more than 24,000 branches and 62,000 bank ATMs in India, it has a formidable network. Mumbai serves as the home base for SBI.

Kotak Mahindra Bank

With shares worth Rs 1,853.55 and a market capitalization of Rs 3,68,339.69, Kotak Mahindra Bank. The corporate headquarters of the banking and financial services provider are located in Mumbai. Kotak Mahindra Bank has 1,780 locations and 2,963 ATMs as of March 31.

Axis Bank

The fourth-largest private sector bank in India, Axis Bank holds the fifth spot among the top five wealthiest banks in the country. Its market value is Rs. 3,01,421.42 crore, and each share is worth Rs. 978.70. Its main office is in Mumbai. Axis Bank has 4,903 branches and 15,953 ATMs in India as of March 31, 2023.