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.
However, privatisation is not the only necessary reform. There is a desperate need for operational autonomy and governance improvements, including the appointment of full-time directors, among the remaining government-owned banks.
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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