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If you are searching about the top 10 banks in India (by market capitalization) then I assure you this will be your last search. Because I am covering what exactly you wanted.

Hello Money Geek,

Money is everywhere, business is nothing without vitamin ‘M’ mean money. And banks are the primary source of this vitamin of business.

India is shifting from developing nation to the developed nation we all want to grow our banks. Because only business can make our nation’s dream complete. Without money neither business nor any government can execute their plans of development.

Here in this article I am going to share you the list of all companies working in the Banking Sector which are top most by valuation. Which might be responsible to make India grow and develop to call it as a Developed Nation.

Top 10 banks in India by Market Capitalization

There are around 35+ banks in India listed in NSE/BSE (Stock Market). Every bank has different level of capital, management profitability, etc. But in this article we are just focusing on the Capital i.e. Market Capitalization. Before proceeding further let us clear about what is Market Capitalization.

What is Market Capitalization?

Market Capitalization of a company defined by money as a capital invested by owners of the company to run the business.

If company having some loans then it is not considered at Market Capitalization.

Let us start to list of all top 10 banks in India,

RankingBank NamesMarket Capitalization in Crores
as on 6 June 2021
Share Price
#1HDFC Bank828,341.241,510
#2ICICI Bank445,020.33698
#3State Bank of India386,971.16450
#4Kotak Mahindra Bank358,851.881,875
#5Axis Bank227,446.83800
#6IndusInd Bank78,068.191,006
#7Bandhan Bank50,694.09300
#8Punjab National Bank47,457.4843.2
#9Bank of Baroda42,327.6081.85
#10IDBI Bank42,310.7035.25

All the numerical information of Market Capitalization given below is on the date of 6 June 2021. So there is no relevance with the latest changes in the market post date.

HDFC Bank

HDFC Bank in top 10 banks in India - Arable Life

HDFC Bank Limited long form Housing Development Finance Corporation is an largest Private sector Indian banking and financial services company. Who’s headquarter is located in Mumbai, Maharashtra. Its Market Capitalization is ₹828,341.24 Crores.

HDFC Bank Pros :

  • Company has delivered good profit growth of 19.98% CAGR over last 5 years
  • Company’s median sales growth is 18.67% of last 10 years

HDFC Bank Cons :

  • Stock is trading at 4.70 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.1182058.96 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.27332.88 Cr.

ICICI Bank

ICICI Bank in top 10 banks in India - Arable Life

ICICI bank is commonly known name for everybody. The long form of ICICI is Industrial Credit and Investment Corporation of India (ICICI) Bank Limited is an Indian multinational banking and financial services company. Whose Market Capital is ₹445,020.33 Crore.

ICICI Bank Pros :

ICICI Bank Cons :

  • Stock is trading at 3.62 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.50% over past five years.
  • Company has a low return on equity of 9.10% for last 3 years.
  • Contingent liabilities of Rs.3051454.79 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.72173.82 Cr.

State Bank of India

SBI Bank in top 10 banks in India - Arable Life

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. Which has 22,141 Branches totally. Market Capitalization of SBI (State Bank of India) is ₹386,971.16 Crores.

SBI Pros :

SBI Cons :

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.74% over past five years.
  • Company has a low return on equity of 5.45% for last 3 years.
  • Contingent liabilities of Rs.1770797.16 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.107222.41 Cr.

Kotak Mahindra Bank

Kotak Bank in top 10 banks in India - Arable Life

Kotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It deals in banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. Market Capitalization of Kotak Mahindra Bank is ₹358,851.88 Crores.

Kotak Mahindra Bank Pros :

Kotak Mahindra Bank Cons :

  • Stock is trading at 5.35 times its book value
  • The company has delivered a poor sales growth of 9.98% over past five years.
  • Company has a low return on equity of 13.98% for last 3 years.
  • Contingent liabilities of Rs.227745.85 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.23883.90 Cr.
  • Promoter holding has decreased over last 3 years: -4.02%

Axis Bank

Axis Bank in top 10 banks in India - Arable Life

Axis Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. Market Capitalization of Axis Bank is ₹227,446.83 Crores.

Axis Bank Pros :

Axis Bank Cons :

  • Stock is trading at 2.63 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.33% over past five years.
  • Promoter holding is low: 13.58%
  • Company has a low return on equity of 6.15% for last 3 years.
  • Contingent liabilities of Rs.972849.52 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.16151.52 Cr.

IndusInd Bank

IndusInd Bank in top 10 banks in India - Arable Life

IndusInd Bank Ltd is one of the new generation private sector banks in India. The Bank’s business lines include corporate banking, retail banking, treasury and foreign exchange, investment banking, capital markets, non-resident Indian/high-net-worth individual banking, and information technology. Market Capitalization of IndusInd Bank is ₹78,068.19 Crores.

IndusInd Bank Pros :

IndusInd Bank Cons :

  • Company has low interest coverage ratio.
  • Promoter holding is low: 16.06%
  • Company has a low return on equity of 11.93% for last 3 years.
  • Contingent liabilities of Rs.990175.13 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 36.36% of their holding.
  • Earnings include an other income of Rs.6500.88 Cr.
  • Dividend payout has been low at 8.96% of profits over last 3 years

Bandhan Bank

Bandhan Bank in top 10 banks in India - Arable Life

Bandhan Bank Ltd. is an Indian banking and financial services company, headquartered in Kolkata, West Bengal. Bandhan Bank is present in 34 out of 36 states and Union Territories of India. Presently Bandhan Bank has 5,371 banking outlets pan-India serving more than 2.30 crore customers. Market Capitalization of Bandhan Bank is ₹50,694.09 Crores.

Bandhan Bank Pros :

Bandhan Bank Cons :

  • Stock is trading at 3.34 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.2109.06 Cr.
  • Promoter holding has decreased over last 3 years: -42.29%

Punjab National Bank

Punjab National Bank in top 10 banks in India - Arable Life

Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with working capital of ₹ 20,000. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital. Market Capitalization of Punjab National Bank is ₹47,457.48 Crores.

PNB Pros :

  • Stock is trading at 0.74 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.92% CAGR over last 5 years

PNB Cons :

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -4.06% for last 3 years.
  • Contingent liabilities of Rs.241351.94 Cr.

Bank of Baroda

Bank of Baroda in top 10 banks in India - Arable Life

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in the Mumbai. Market Capitalization of Bank of Baroda is ₹ 42,327.60 Crores.

Bank of Baroda Pros :

  • Stock is trading at 0.56 times its book value
  • Company has delivered good profit growth of 18.18% CAGR over last 5 years

Bank of Baroda Cons :

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -7.63%
  • Company has a low return on equity of 1.90% for last 3 years.
  • Contingent liabilities of Rs.377459.05 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14687.20 Cr.

IDBI Bank

IDBI Bank in top 10 banks in India - Arable Life

IDBI (Full form Industrial Development Bank of India) was established in 1964 by an act to provide credit and other financial facilities for the development of the fledgling Indian industry. It is a development finance institution and a subsidiary of Life Insurance Corporation. Market Capitalization of IDBI Bank is ₹42,310.70 Crores.

IDBI Bank Pros :

  • Company has delivered good profit growth of 19.35% CAGR over last 5 years

IDBI Bank Cons :

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.59% over past five years.
  • Company has a low return on equity of -25.91% for last 3 years.
  • Contingent liabilities of Rs.127030.95 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.4848.11 Cr.

Disclaimer : All the company images used in this article are just for illustration purpose only. There is no intent to infringe copyright law of any country. Images will be Images will be removed on request. We issue all the credit to the sourced information. The information is not dynamic and has relevance with the date 6 June 2021. The content is not responsible for information changed after the said date.


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