India is one progressive country in South Asia that keeps on progressing. Hence, it is no longer surprising why various banking institutions are mushrooming in this beautiful and progressive country. This is one great evidence that the country is really progressing in terms of income. In this regard, here are the list of 10 best banks in India this 2015:
10. Union Bank of India
Such big-time banking institution in India was founded on November 11, 1919 and it is headquartered in the city of Mumbai. It has a total number of employees of 36,377. Its current Chief Executive Officer is Arun Tiwari. $13.45 billion is its current net asset management.
9. IDBI Bank
This bank is a government-owned one, and it was founded way back in the year 1964. Its main headquarters can be located in the city of Mumbai. Previously, it is called Industrial Development Bank of India. The current Chief Executive Officer of this bank is M.S. Raghavan. The total asset of this bank is worth $42 billion.
8. Bank of India
It’s already serving the country since its foundation day on September 7, 1906. It’s actually a commercial bank that has its main headquarters in Mumbai. Currently, it has 4,187 branches all over India. Its present Chief Executive Officer is Vijayalakshmi R. Iyer.
7. Axis Bank
It’s a privately-owned banking institution and considered to be the 3rd biggest bank in the country. It was founded in the city of Ahmedabad, but its current main headquarters is located in Mumbai. Formerly, it was called UTI Bank. Its total current asset is worth $54 billion.
6. Canara Bank
As a state-owned banking institution, this bank has a total asset worth of $61 billion. It was founded in the year 1906, but in a different name through the effort of its founder named Ammembal Subba Rao Pai. Its main headquarters can be located in the city of Bangalore, which is officially called Bengaluru.
5. HDFC Bank
This bank was established in the year 1994. Currently, it has a net asset management of $66.7 billion. It is operating all throughout India with 3,200 branches. It was founded by Hasmukhbhai Parekh. Its current Chief Executive Officer is Aditya Puri.
4. Bank of Baroda
This bank was founded by Sayajirao Gaekwad III on July 20, 1908. It is a state-owned banking institution that has its main headquarters in the city of Mumbai. The total asset of the bank is worth $73 billion. Currently, it has 4,200 branches all over India.
3. Punjab National Bank
The total asset of this bank is worth $90.9 billion. It’s serving all over India with its 5,800 branches. It was founded on May 19, 1894 by a brilliant man Lala Lajpat Rai. The main headquarters of this bank can be found in the city of New Delhi. Its current CEO is Gauri Shankar.
2. ICICI Bank
This multinational bank in India was founded on June 1994 in the city of Vadodara, with its founder Industrial Credit and Investment Corporation of India. The total asset of this bank is worth $99 billion. Its main headquarters can be found in the city of Mumbai.
1. State Bank of India
This is another multinational bank that is owned by the Indian government. It was founded on July 1, 1955. Its main headquarters can be found in Mumbai. It’s the number one banking institution in the country, with 17,000 total branches.
These are the 10 best Indian banks in 2015. These can confirm the fact that India is constantly progressing as well as its people as far as money-making is concerned.