State Bank Of India:
State Bank of India is one among the biggest one in India that has a big capital margin. SBI has 15,000 branches with two thirds of them located in non-urban regions. This bank records about 60 million transactions every day through out its network. This bank plans to open 1000 to 1200 branches this year.
ICICI Bank:
Being in business right from 1993, this bank is India’s second largest bank. With 3130 branches across the country, the bank intends to open 1000 branches in non-urban sectors and over 10,500 ATMs. This year, ICICI bank has a healthy 29% increase this year with a profit of Rs. 83 billion.
HDFC Bank:
This third largest bank in India lent by Tier 1 capital has domestic loan growth by 22.7% by March 2013 end. This recorded a growth rate of 14.4% and has 3062 branches across the country.
Bank of Baroda:
This ban began its operations in 1908 and has a sturdy network of over 4280 branches in India with 93 overseas branches overseas in 25 countries. The growth of bank’s income was up by 17.3% this year as the net profit.
Axis Bank:
Axis Bank has 11,245 ATMs making it one of the largest networks in India’s private sector. Additionally, this bank has over 325 outlets in urban areas. The net profits of the bank rose by 22% while it maintained a steady net margin by 3.53%. The bank features an asset ratio of 0.32% and has 1.7% return on its assets and 20.51% on equity. This bank is the best performing one in retail segment and focuses on retail market.
If you are aiming to use the bank facility for personal use make, sure you choose one among best banks in India.
