1. State bank of India
SBI is among the fortune 500 companies. It is an Indian multinational and public sector banking and financial services firm. The company has its headquarter in Mumbai, India. SBI has over 200 years of rich heritage and legacy and has been the most trusted bank by Indians for generations.
The banks' core values revolve around service, transparency, Ethics, Politeness, and sustainability. Also, the bank constantly strives to focus on innovation and customer-centricity.
2. Punjab national bank
Punjab national bank is a government-owned bank under the ownership of the ministry of finance. Founded in 1894 in Lahore, it is the second-largest government bank in the country, with a global business of INR 18,09,587 crore. During its long history, nine banks have been merged with Punjab national bank. The most recent merger being with the oriental bank of commerce and the united bank of India.
It has a PAN India presence with a network of 10,925 beaches,13,914ATMs,12,346 business correspondents as of December 2020. Also, its low-cost current account and savings account deposits (CASA) share 44.66% in these deposits.
PNB has two international branches, one in Hong Kong and one in Dubai. Moreover, it has two overseas subsidiaries in London and Bhutan under PNB bank limited, respectively. It also has a joint venture in Nepal under the name Everest bank LTD.
3. Union Bank of India
Union Bank of India is one of the listed leading public sector banks in India. The government of India holds an 89.07% share of the bank's capital. Established in 1919, the bank has its headquarters in Mumbai, Maharashtra. Union Bank of India is a network of 9500+ domestic branches and 13,300+ ATMs. Moreover, it has 11,700 business correspondent points and over 75,000 Employees serving over 120 million customers.
The bank has three overseas branches Sydney, Dubai, and Hong Kong. Moreover, it has a representative office in Abu Dhabi, One subsidiary in London, and a joint venture in Malaysia. It also has three para banking subsidiaries and three joint ventures, including two in the life insurance business.
4. HDFC bank
Founded in August 1994, the housing development n finance corporation Ltf or HDFC is the first private financial institution to receive in-principal approval from the reserve bank of India (RBI). The bank has its registered office in Mumbai. It has its presence in more than 2,902 cities/towns with more than 5,608 branches and 16,087 ATMs across India.
The business core values revolve around excellence, customer focus, product leadership, people, and sustainability. HDFC has the following three businesses: retail banking, wholesale banking, and treasury.
5. ICICI bank
ICICI Bank is one of the leading private banks in India. The world bank, the government of India, and representatives from Indian industry came together to form ICICI in 1955. The main goal was to establish a development financial institution and provide medium-term and long-term project financing to Indian companies.
The banks currently offer a wide range of banking and financial services. It serves both corporate and retail customers through a wide range of delivery channels and companies. ICICI Bank in India has a story network of 5,288 branches and 15,158 ATMs.
You must be logged in to post a comment.