17 Indian banks in the global 500 list


Brand Finance PLC, UK based brand valuation company has released the BrandFinance Global Ranking 500. This list gives a comprehensive list of all the banks across the world with the rankings based on their methodology. The methodology is more toward brand related and is not based on market valuations alone.

Only HSBC and American Express received a AAA credit rating. The AAA (triple A) credit rating is the highest rating any bank or a company can receive. It indicates the company’s credit worthiness which is almost synonymous to doing business with that company or predicting the future business. Very few companies achieve that rating. The highest rating an Indian bank got in the list is AA for State Bank of India.

HSBC, Bank of America and Wells Fargo topped the list. The top Indian bank in the list is State Bank of India HSBC ranked at 69. Its is ranked at 60 in 2008 because the valuation was done for the group of all the State Banks. Valuation for 2009 is done for SBI alone.

The next bank in the list is ICICI Bank which is the largest private sector lender. ICICI bank has witnessed a steep decline in its rankings. It was ranked 64 in 2008 and now it is ranked 104. HDFC bank is the 3rd Indian bank in the list.

Canara Bank and Oriental bank of Commerce made their first entry into the list indicating the growing presence of Indian banks in the global scenario.

List of 17 Indian banks in the global 500 :

  1. State Bank of India
  2. ICICI Bank
  3. HDFC Bank
  4. Punjab National Bank
  5. Bank of India
  6. Canara Bank
  7. Bank of Baroda
  8. Axis Bank
  9. Kotak Bank
  10. Union Bank of India
  11. Indian Overseas Bank
  12. IDBI Bank Limited
  13. State Bank of Patiala
  14. Indian Bank
  15. Power Finance Corp
  16. Oriental Bank of Commerce
  17. Syndicate Bank

The list is dominated by the public sector banks punctuated by a few known private sector banks. IT majors and other companies have made it clear that they trust the PSU’s over private banks for their savings. (source)

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  1. rajesh boricha says

    our have a 5300 sq.fit office in ossivala ind, andheri mumbay maharastra, India…this proprty i gives a AAA rating bank for a Liz after 9,10 years by a perfect current market pries rent per Month so contact 09377782208, 09825782208, 9327822122, name Bharat munglpara in surat, gujarat…….India

  2. Arjit Vashishtha says

    finallz happz to see hdfc bank in these exotic lists.

  3. Dheeraj kumar says

    The days are not far away when many indian companies will come in top 100

  4. Nagendra Yadav says

    very good

  5. Amit Sati says



    RBI brings Private Bank CEOs’ salaries under scrutiny
    Axis Bank is another such bank where in the MD takes 3 crores salary plus 100000 ESOP, DMD takes 2 lacs ESOPs per year, where as the other hard working branch employees upto the level of AVP does not get any ESOPs, although they are the real gems and pillars of the bank who contribute to the business of the bank. Other cream of Top management consisting of 2% of the employees in the grade of VP, SVP, Presidents enjoys annual ESOPS between 12000 to 40000 ESOPS every year. This shows the greed and unethical conduct of the top management in looting the investors money. Company Law Board should do necessary amendment in Company Law and should give the ownership rights to each and every employee of the organisation and there should not be a large gaps as seen in Axis Bank while distributing the ESOPs between the lower grade and the highest grade employee.
    Some people say that they are Out of Box Thinkers and hence they are eligible for higher remuneration – Out of Box Thinking is nothing but putting pressure on mid and lower level employees in order to achieve the budgets and force them to mis-sell the Insurance, MF, Forex Derivative and other bank products to customers and then force branch employees to get involved into various frauds arising out of mis-selling. Yes this is called Out of Box Thinking of the top management.
    Is there any Accountability concept in Private Sector Bank ? No
    Is the Whistle Blower policy implemented in its True Spirit ? No
    Is the CEO responsible for the frauds & collapse of the financial institutions? No
    If yes then why the RBI, SEBI & ED has not taken any action on the banks promoters and CEOs like GTB, CBL, BoR ( including finance companies like Lloyds Finance ) which has collapsed and later merged with nationalized banks. Do our regulatory authority had been protecting the Investors Interest or the CEO’s interest? How serious is there Audit procedure?
    There have been serious frauds happening in Govt Accounts such as JNNURM, Municipal Corporation Accounts, Central Excise, Agri Credit at Rajkot, Lucknow, Forex Frauds in Kolkatta and Mumbai which has been happening for last 3 years and the bank auditors could not unearth the frauds. SEBI, RBI, Enforcement Directorate & Economic Offence Wing should investigate in to the matter and fix accountability on the Top Officials of Axis Bank. Even some officials at Vice President level have used the public money for paying the fees of his children’s personal benefits, by debiting the suspense account and the auditors have failed to investigate in to the matter, as the auditor himself was involved in various frauds in the bank.
    If this practices continues, you will see similar situations in next 3 years, and the RBI will have to merge this white private sector elephants with nationalized bank and hence we should control the Salary of CEO and implement strict vigilance and staff Accountability in private sector banks.
    I suggest all of you to read ” If god was a Banker ” by Ravi subramaniam and my experience with Private Sector Bank is a similar story, its all about looting the public money for the fun and enjoyment of Top Officials.
    Recently the European Parliament approved the world’s toughest curbs on unsound remuneration practices in banks as an efforts to limit risk in a sector shored up by taxpayers and the Indian government too has seen the financial scams earlier and we look forward to Regulatory Authority in implementing the accountability concept in Private Sector Bank.
    Ex Employee & Shareholder of Axis Bank
    [email protected]


    Shadow on the Axis Culture
    Ref Business India 25/07/2010
    Axis Bank has grown by acquiring business by aggressive pressure on the branches and ignored fundamental aspects of banking such as operational efficiency, staff accountability, audit & compliance and hence the bank is facing a serious issues with a high NPAs, serious frauds through senior branch officials due to business pressure and also unethical HR practices like withdrawal of ESOP’s up to the level of AVPs and frequent changes in PMS & Promotion policies has increased staff attrition rate. It’s a time to re look into those issues seriously and grow clean & green in order to bring the permanent light from shadow.
    Sanjay Prabhu – Pune

  8. varaprasad.... says

    i am very happy to see this

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