The 10 Most Profitable Banks in India

Earlier today we looked at the The Top 10 Banks in India based on Assets. In this post, lets review the most profitable banks in India based on 2008 Net Income.

India’s 10 Most Profitable Banks/Financial Institutions based on Net Income in 2008:

S.No. Bank Net Income in Thousands of US $ (as of Dec, 2008)
1 State Bank of India 2,193,163.00
2 ICICI Bank Limited 663,347.00
3 Punjab National Bank 614,694.00
4 Bank of India 605,331.00
5 Bank of Baroda 470,099.00
6 HDFC Bank Ltd 442,069.00
7 Citibank NA 426,554.00
8 Power Finance Corporation Limited 386,684.00
9 Canara Bank 380,970.00
10 Standard Chartered Bank India 374,280.00

Source: BankScope

State-owned banking giant State Bank of India is the most profitable bank followed by ICICI Bank (IBN). State Bank of India generates more than three times the profits of ICICI.

It is interesting to see Citibank(C) in this list. While the Citibank in the U.S. has to be bailed out by US taxpayers from collapse, Citibank subsidiaries in other countries have been performing well such as the Citibank division in India. The other foreign bank in the list is the British-based Standard Chartered Bank. The presence of these two foreign banks in the ranking shows the success of their Indian operations in the difficult environment last year.

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Comments

[...] Related: The 10 Most Profitable Banks in India [...]

Thanks, thank u very much to provide such a nice information for reading purpose.
It is really beneficial for the students as well as to the professionals.

You are welcome

-David

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