Today in our Indian banking sector there are a number of banks but a very few of them are popular among the world. Some of our Indian banks were also proved themselves that they have also the potential which can also beat the foreign banks or gives them a good competition.
Brand Finance PLC, U.K based brand Evaluation Company has released the Brand Finance Global Baking 500. This list of them gives us the comprehensive details of all the banks across the world. They listed them on the basis of their methodology. The methodology is not only based on the Brand Evaluation but also towards Brand related.
Only HSBC and American Express have got the AAA credit rating. The AAA rating is the highest rating a bank or a company will receive. It indicates the company’s credit worthiness which is almost similar to doing trade with that company or just predicting the future business. Very few companies will achieved this rating. The highest rating an Indian bank can get in the list is AA for State Bank Of India. State Bank Of India IFSC code is used by the account holders while transferring money.
Two Indian banks, HDFC and State Bank Of India (SBI) now figure in a list of top 50 global banks in terms of market capitalism. HDFC Bank, it is the India’s second largest private lender in terms of assets size, its ranking is 45th with a market capitalism of $39 billion. And with a market capitalism of $38 billion State Bank Of India has got the 46th rank in the list. And last but not the least; ICICI bank got the 53rd ranking. It is the only Indian entity to figure in the list of the top 100 most valued global banks.
State Bank Of India Reaches Its Peak:
Only HSBC, Bank of America and Wells Fargo have got the top raking in the list. The Indian bank which got the top ranking in the list was State Bank Of India at 69 position. Its rank was 60 in 2008 because the valuation is done for the group of all the State Banks. And after that in 2009 valuation is done under SBI alone.
Other than SBI, another Indian bank which is come forward was ICICI bank. The next bank which is in the list is ICICI and has the largest private sector lender. ICICI has witnessed a steep decline in its ranking. It was ranked 64 in 2008 and now its ranked 104. Its ranking is third Indian bank in the global banking list. ICICI bank IFSC code is 11 digit code used for fund transferring.
List Of the 17 Indian Banks in the Global 500:
- State Bank Of India
- HDFC Bank
- ICICI Bank
- Punjab National Bank
- Bank Of India
- Canara Bank
- Bank Of Baroda
- Axis Bank
- Kotak Bank
- Union Bank Of India
- Indian Overseas Bank
- IDBI Bank Limited
- State Bank Of Patiala
- Indian Bank
- Power Finance Corp.
- Oriental Bank Of Commerce
- Syndicate Bank
Here on Indian bank details you got all the information about the all Indian banks. Find IFSC codes and much more.