HDFC Bank is No.1 again

HDFC Bank is No.1 again

Image of State Bank Of India

Now small banks, new banks, and some NBFCs offer higher interest rates on FDs to customers as compared to other top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, etc. to name a few.

The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country. This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the Government of India.

In 2019, who was No.1? The Mumbai headquartered HDFC Bank came at the top of the list. No 3: At the third position was DBS, that has its headquarters in Singapore. No 4: Kotak Mahindra Bank came fourth in the list. No 7:  At the seventh spot was Punjab National Bank that has its headquarters in New Delhi.

Article on HDFC Bank being Brand No 1 Again
**Courtesy: Economic Times dt 19th Sep 2020

No Comments

Give a comment