Top 10 Banks in India 2017

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The Indian banking system is one of the most robust and long serving industries in the history of India. The top Indian banks having been serving the huge population of the country with services like savings accounts, loans, insurances etc have been going on since decades. With the opening up of the economy and entrance of other banks, the competition between banks has lead to digital services, ATMs, online banking etc, which has made the banking industry stronger. The top Indian banks include names like HDFC, State Bank of India, ICICI, PNB, Axis Bank along with Canara Bank, Yes Bank etc. The biggest banks in India are mostly dominated by public sector enterprises which have a strong backing of the government. However, even the private sector has a substantial presence among the best Indian banks. The Reserve Bank of India or RBI is the apex controlling authority in India. There are more than 160,000+ ATMS spread across India, majority of which are owned by the largest Indian banks. With the growing focus on digitization by the Indian government, the landscape of banking is set to change further. Here is the list of the Top 10 Banks in India 2017.

Quick Glance :

Below are the biggest and top banks in India 2017:

1st Place : HDFC Bank

2nd Place : SBI

3rd Place : ICICI Bank

4th Place : Axis Bank

5th Place : Punjab National Bank

6th Place : Bank of Baroda

7th Place : Canara Bank

8th Place : YES Bank

9th Place : Kotak Mahindra

10th Place : Union Bank of India

For More details about rankings and parameters, read on.

Top Indian Banks 2017 with Parameters (Profit, ROA, NPA):

10. Union Bank of India

Union Bank of India was founded in 1919 and is one of the largest government-owned banks of India.

Image: Wikimedia

The government owns a share of 63% of Union Bank of India’s share capital, which is headquartered in Mumbai. Rajkiran Rai G is the present Chairman and Managing Director of the company, and it has over 4200+ branches and 6900+ ATMs spread all across the country and has also international presence.

UBI has strong global presence in Hong Kong, Dubai, Antwerp and Sydney. It has also representative offices in Shanghai, Beijing and Abu Dhabi. It was inaugurated by Mahatma Gandhi in 1919 and was nationalized in 1969. Some of the mergers of Union Bank of India are Belgaum Bank, Miraj State Bank, Sikkim Bank.

The products that Union Bank of India offers are Consumer banking, Corporate Banking, Finance and Insurance, Investment Banking , Mortgage Loans, Private banking and wealth management. Total asset worth of UBI is INR 404,695.90 crore. Union bank is tenth on the Top Indian Banks 2017 list.

Interest Earned (Cr): Rs32222.56

Net Profit (Cr): Rs446.99

Return of Asset: 0.09%

Net NPA(Cr): Rs18245.6

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