Top 10 Banks In India
The two themes that will drive India's banking sector over the next several years are increased privatisation and digitization.
In the last two years, the number of government-owned banks has been brought down from 12.
In this guide, you’ll learn:
The Top 10 Biggest Govt. Banks in India as of 2021 are listed below. The list is ranked based on Market capitalization.
1. SBI
Quick Overview— SBI
Foundation 1955
Website sbi.co.in
Trading Symbol SBIN
Type Large Cap
Market-Cap Rs 425,704 Cr.
Revenue Rs 278,115 Cr.
ROE 8.21 %
Promoter holding 57.6 %
Dividend Yield 0.84 %
Debt to Equity 15.1
Pros & Cons— SBI
Pros
Cons
Rising net cash flow
Earnings include an other income of Rs.107483.06 Cr.
The company has delivered a poor sales growth of 4.74% over past five years.
Company has low interest coverage ratio.
Increase in NPA in recent results
2. Bank of Baroda
Quick Overview— Bank of Baroda
Foundation 1908
Website bankofbaroda.in
Trading Symbol BANKBARODA
Type Large Cap
Market-Cap Rs 45,508 Cr.
Revenue Rs 74,313 Cr.
ROE 1.63 %
Promoter holding 64.0 %
Dividend Yield 0.00 %
Debt to Equity 13.0
Pros & Cons— Bank of Baroda
Pros
Cons
Growth in net profit (QoQ)
Earnings include an other income of Rs.17190.88 Cr.
Company has low interest coverage ratio.
Company has a low return on equity of 1.73% for last 3 years.
3. PNB
Quick Overview— PNB
Foundation 1894
Website pnbindia.in
Trading Symbol PNB
Type Large Cap
Market-Cap Rs 42,392 Cr.
Revenue Rs 81,866 Cr.
ROE 2.65 %
Promoter holding 73.2 %
Dividend Yield 0.00 %
Debt to Equity 12.6
Pros & Cons— PNB
Pros
Cons
Stock is trading at 0.47 times its book value
Earnings include an other income of Rs.13885.38 Cr.
Company has delivered good profit growth of 20.22% CAGR over last 5 years
Though the company is reporting repeated profits, it is not paying out dividend
Rising in net cash flow
Contingent liabilities of Rs.423770.94 Cr.
Degrowth in revenue
4. Indian Overseas Bank
Quick Overview— Indian Overseas Bank
Foundation 1937
Website iob.in
Trading Symbol IOB
Type Large Cap
Market-Cap Rs 39,884 Cr.
Revenue Rs 16,965 Cr.
ROE 5.02 %
Promoter holding 96.4 %
Dividend Yield 0.00 %
Debt to Equity 14.4
Pros & Cons— Indian Overseas Bank
Pros
Cons
Rising in net cash flow
Earnings include an other income of Rs.5772.12 Cr.
Contingent liabilities of Rs.83767.26 Cr.
The company has delivered a poor sales growth of -6.32% over past five years.
Increase in provisions in recent results
5. Canara Bank
Quick Overview— Canara Bank
Foundation 1906
Website canarabank.com
Trading Symbol CANBK
Type Large Cap
Market-Cap Rs 37,462 Cr.
Revenue Rs 70,212 Cr.
ROE 5.58 %
Promoter holding 62.9 %
Dividend Yield 0.00 %
Debt to Equity 17.0
Pros & Cons— Canara Bank
Pros
Cons
Stock is trading at 0.60 times its book value
Earnings include an other income of Rs.26727.42 Cr.
Company has delivered good profit growth of 25.46% CAGR over last 5 years
Company might be capitalizing the interest cost
Rising in net cash flow
Contingent liabilities of Rs.560675.38 Cr.
6. Union Bank
Quick Overview— Union Bank
Foundation 1919
Website unionbankofindia.co.in
Trading Symbol UNIONBANK
Type Large Cap
Market-Cap Rs 33,285 Cr.
Revenue Rs 69,311 Cr.
ROE 5.90 %
Promoter holding 83.5 %
Dividend Yield 0.00 %
Debt to Equity 15.1
Pros & Cons— Union Bank
Pros
Cons
Stock is trading at 0.52 times its book value
Earnings include an other income of Rs.14324.13 Cr.
Company is expected to give good quarter
Contingent liabilities of Rs.405222.78 Cr.
Company has low interest coverage ratio
7. Bank of India
Quick Overview— Bank of India
Foundation 1906
Website bankofindia.co.in
Trading Symbol BANKINDIA
Type Large Cap
Market-Cap Rs 23,472 Cr.
Revenue Rs 40,853 Cr.
ROE 4.53 %
Promoter holding 81.4 %
Dividend Yield 0.00 %
Debt to Equity 14.1
Pros & Cons— Bank of India
Pros
Cons
Stock is trading at 0.50 times its book value
Earnings include an other income of Rs.8647.34 Cr.
Company has delivered good profit growth of 18.49% CAGR over last 5 years
Contingent liabilities of Rs.478708.14 Cr.
Company has low interest coverage ratio.
8. Central Bank
Quick Overview— Central Bank
Foundation 1911
Website centralbankofindia.co.in
Trading Symbol CENTRALBK
Type Large Cap
Market-Cap Rs 20,183 Cr.
Revenue Rs 22,829Cr.
ROE -4.63 %
Promoter holding 93.1 %
Dividend Yield 0.00 %
Debt to Equity 15.5
Pros & Cons— Central Bank
Pros
Cons
Stock is trading at 0.93 times its book value
Contingent liabilities of Rs.104038.07 Cr.
Company has low interest coverage ratio.
9. Indian Bank
Quick Overview— Indian Bank
Foundation 1907
Website indianbank.in
Trading Symbol INDIANB
Type Large Cap
Market-Cap Rs 19,952 Cr.
Revenue Rs 39,108 Cr.
ROE 10.1 %
Promoter holding 79.9 %
Dividend Yield 1.25 %
Debt to Equity 14.3
Pros & Cons— Indian Bank
Pros
Cons
Stock is trading at 0.51 times its book value
Earnings include an other income of Rs.7336.58 Cr.
Company has delivered good profit growth of 33.13% CAGR over last 5 years
Company has low interest coverage ratio.
Company is expected to give good quarter
Tax rate seems low
10. UCO Bank
Quick Overview— UCO Bank
Foundation 1943
Website ucobank.com
Trading Symbol UCOBANK
Type Mid Cap
Market-Cap Rs 16,439 Cr.
Revenue Rs 14,446 Cr.
ROE 0.35 %
Promoter holding 95.4 %
Dividend Yield 0.00 %
Debt to Equity 11.1
Pros & Cons— UCO Bank
Pros
Cons
Stock is trading at 0.82 times its book value
Earnings include an other income of Rs.4027.53 Cr.
Company has low interest coverage ratio.
Company might be capitalizing the interest cost
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