Which is the Largest Commercial Bank in India?

Hey friend,

I have read your question carefully. I conducted a thorough, deep dive on the internet to find out which is the largest commercial bank in India. Thanks to you, I learned something new today. Take a look below to know what I learned.

According to the information available online, SBI is named as India's largest public sector bank. The full form of SBI is State Bank of India. SBI is also ranked on the 232

nd

spot on the Fortune Global 500 list. It is recognised as one of the biggest corporations globally. I was surprised to find out  that SBI was named as India’s biggest lender.

The headquarter of State Bank of India is located in Mumbai, Maharashtra. My research further helped me learn that  SBI is the 43rd largest bank in the world. It is the only Indian bank ranked on the Fortune Global 500 list. SBI is a public sector bank. It has a whopping 23% market share when talking about assets and a 25% in terms of  shares of the total loan and deposits.

According to the bank, it employs around 1,08,772 officers. Research has shown the bank is  the fifth largest employer in the country. It employs approximately 250,000 employees. I also found out State Bank of India or SBI was earlier called Bank of Calcutta. This makes SBI the oldest commercial bank in the country.

On a global level, the biggest bank in terms of total assets under management (AUM) is the Industrial and Commercial Bank Of China Ltd. They provide their customers with a long list of services including credit cards and loans, financing for organizations and businesses. They also provide money management services for corporations and high net worth individuals.

This is all from my end, I hope now you know which is the largest commercial bank in India.

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India is said to have one of the most expanded networks of commercial bank branches in the world. So it can be tricky sometimes to understand which is the largest commercial bank in India. I totally understand this and that is why I would like to first tell you what a commercial bank actually is.

Commercial banks are financial institutions that perform banking operations like accepting deposits, providing loans and advances, offering credit, and many more. The primary goal of commercial banks is to make profits and thus they are involved in the banking business to earn returns and profits.

There are majorly three different types of commercial banks in India:

• Public Sector Banks: The central government has the major ownership and control of such banks. 

• Private Sector Banks: Corporations and individuals have the major ownership and shareholding of such banks.

• Foreign Banks: These banks are the ones who perform their functions in India through their subsidiaries because the headquarters of such banks are located in foreign countries.

Now that we know all about commercial banks, we must know that the State Bank of India (SBI) is the largest commercial bank in India. It is a public sector bank and its headquarters are located in Mumbai, Maharashtra. SBI has 57 zonal branches/offices and 16 regional hubs. It is present in almost every state and city in India.

State Bank of India is also ranked at the 232nd position on the Fortune Global 500 list of the biggest corporations in the world. It is one of the biggest lenders in India and has been also ranked among the top 50 banks of the world in asset distribution terms. This was post SBI’s merger with the following banks:

• State Bank of Patiala (SEP)

• State Bank of Hyderabad (SBH)

• State Bank of Travancore (SBT)

• State Bank of Mysore (SBM)

• State Bank of Bikaner and Jaipur (SBBJ)

I hope my answer was useful to you.