Top 10 Banks in India 2016

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1. State Bank of India

State Bank of India was founded in 1806 as Bank of Calcutta which was renamed as State Bank of India in 1955.

Image: company website

It is India’s largest bank and also has operations in around 36 countries and SBI recently became the top merchant acquiring bank in the country. It has installed 2.96 lakh point of sale terminals as of February 2016 and is present in retail and corporate banking, investment banking, card services and asset management.


Smt Arundhati Bhattacharya serves as the chairman of the bank. She is also the first female chairman of the bank. In the list of most powerful women in the world by Forbes, she was ranked 36th. SBI employs more than 222,033 employs who handle 450 million accounts. SBI also opened its first branch to serve start-up companies in Bengaluru.

SBI had a revenue of Rs. 163685.3 crore in latest financial year (2015-16). Its profit stood at Rs. 9950.65 crore. It has total market capitalization of Rs. 154208.03 crore. SBI’s bad debt increased Rs. 21313 crore in 2015 from Rs. 5594 crore in 2013. SBI's net profit declined to Rs. 9951 crores in financial year 2015-16 from Rs. 13,102 crores. It was a decline of 24.05%. SBI's gross non-performing assets went up to 6.50% in financial year 2015-16. In previous financial year it was 4.25%.

SBI is planning to merge its five associate banks and Bhartiya Mahila Bank (BMB). India has this special bank in which lending is primarily for women though everyone can deposit. BMB was founded 3 years ago in 2013.

Revenue: of Rs. 163685.3 crore

Net Profit/Loss: Rs. 9950.65 crore

Market Capitalization: Rs. 154208.03 crore

NEXT : Top 10 banks in India 2017

Ranking Methodology:

Step 1: Give rank scores to the banks on the basis of latest 4 quarters total revenue, net profit and market capitalization

Step 2: Bank with higher figures higher rank score (17-1).

Step 3: Calculate average rank score by weighted average of all the scores (rank score by total revenue, net profit and market capitalization)

Step 4: Weightages given are (0.6 to total revenue, 0.3 to net profit and 0.1 to market capitalization)

Step 5: The higher the average rank score, better the rank, in case of tie of average scores, bank with higher market capitalization is given better rank.

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