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HDFC Bank Banking 11.29 4 ICICI Bank Banking 6.54 5 Hindustan Unilever (HUL) Consumer Goods 5.81 6 Infosys Information Technology 5.70 7 ITC Consumer Goods 5.43 8 Bharti Airtel Telecommunications 5.25 9 State Bank of India (SBI) Banking 5.18 10 Bajaj Finance Financial Services 4.46
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
Canara Bank: Bangalore 16.8 1.8 184.0 12.4 Banking 18 533 Power Finance Corporation: New Delhi 11.1 2.4 124.6 18.5 Financials 19 537 Bharat Petroleum: Mumbai 54.1 3.2 24.3 16.4 Oil and gas 20 569 Infosys: Bangalore 18.6 3.2 16.5 71.9 Infotech 21 571 Punjab National Bank: New Delhi 14.8 1.1 191.7 16.5 Banking 22 575 Union Bank of India: Mumbai ...
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. [1] [2] Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.
Industrial and Commercial Bank of China, the world’s largest bank by total assets This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. [ 1 ]
It is a public sector bank and the largest bank in India [12] with a 23% market share by assets and a 25% share of the total loan and deposits market. [13] It is also the tenth largest employer in India with nearly 250,000 employees.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.