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 |
