India's Top 10 Banks By Market Cap In 2024

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According to Forbes, IDBI Bank holds the 10th position on the list, boasting a market capitalization of Rs 0.89 lakh crore

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Securing the 9th spot is Union Bank of India (UBI), inaugurated by Mahatma Gandhi, boasting a market capitalization of Rs 1.04 lakh crore

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Punjab National Bank of India (PNB) holds the 8th position with a market capitalization of Rs 1.16 lakh crore

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Headquartered in Vadodara, Gujarat, Bank of Baroda is on 7th position with a market capitalization of Rs 1.17 lakh crore

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IndusInd Bank, India's inaugural private bank, stands at the 6th position, boasting a market capitalization of Rs 1.17 lakh crore

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Established on December 3, 1993, Axis Bank occupies the 5th position, showcasing a market capitalization of Rs 3.23 lakh crore

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Securing the 4th position, Kotak Mahindra Bank boasts a market capitalization of Rs 3.52 lakh crore

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SBI, India's largest public sector bank, ranks 3rd with 23% market share, and a market capitalization of Rs 5.48 lakh crore

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On 2nd position is ICICI Bank, which, serving millions in India and abroad, commands a market capitalization of Rs 7.07 crore, solidifying its financial standing

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HDFC Bank claims the pinnacle, standing as India's largest bank by market capitalization (Rs 10.94 Lakh Crore) and ranking as the world's fourth-largest bank by the same measure

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