Here is the chronological order of the
top 10 Indian banks
with the highest revenue in 2013:
1. State Bank of India (LSE:SBID) It
has more than 16,000 branches and 8,500 ATMs across India and with revenue at
$36.95 billion.
2. ICICI Bank (NYSE:IBN)
India’s second-largest with more than $13.52 billion in revenue. It’s a
globally recognized bank with branches all over the world and more than 1,400
in India alone.
3. HDFC Bank (NYSE:HDB)
Founded in 1904, it is considered one of India’s best banks. It has 1,500
branches and more than 3,000 ATMs. Its revenue is about $6.87 billion.
4. Punjab Bank of India (NSE:PNB) It
was founded in 1894 and has more than 37 million customers. Yearly revenue is
around $6.6 billion and it has 5,000 branches across 764 cities.
5. Bank of Baroda (BSE:532134) The
bank has 4,283 branches and more than 2,000 ATMs with annual revenue of $5.5
billion.
6. Canara Bank (NSE:CANBK) The
bank has revenues of $5.4 billion and was established in 1904.
7. IDBI Bank Limited (BSE:500116)
Established by an act of parliament to help develop Indian industry, the bank
has 1,500 ATMs and 900 branches with yearly revenue of $4.1 billion
8. Bank of India (BSE:BOI) It
was founded in 1906 and now primarily provides mobile banking and online
services. It has annual revenue of $3.9 billion.
9. Union Bank of India (BSE:532477) The
Union Bank was created by Mahatma Gandhi and is one of India’s largest
public-sector banks with around 3,025 ATMs and 27,750 employees. It has annual
revenue of $3.4 billion.
10. Axis Bank
formerly known as the Unit Trust of India. It started operations in 1994 and
has 729 branches with annual revenue of $2 billion.
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