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These are India's top banks in 2012

Last updated on: September 13, 2012 15:53 IST

These are India's top banks in 2012

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Dun & Bradstreet (D&B), provider of global business information, knowledge and insight, recently launched its edition of D&B India's study on 'India's Top Banks 2012'.

The 'Dun & Bradstreet - Polaris Financial Technology Banking Awards 2012' seeks to recognise the growth and resilience of the Indian banking industry.

Kaushal Sampat, president & CEO – India, Dun & Bradstreet said, "There is no running away from the fact that in 2012, we are faced with a difficult domestic economic environment coupled with global uncertainty caused by the Euro-Zone crisis. This situation has posed many challenges to the banking industry, and this is reflected in our FY12 banking analysis covered in India's Top Banks 2012."

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Photographs: Punit Paranjpe/Reuters
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HDFC Bank Limited
Awarded: Overall Best Bank , Best Private Sector, Asset Quality – Private Sector and Retail Banking - Private Sector

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994.

The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

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Photographs: Reuters

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Bank of Baroda
Awarded: Best Public Sector Bank and Global Business Development – Public Sector

Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.

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Photographs: Courtesy, Bank of Baroda

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Standard Chartered Bank
Awarded: Best Foreign Bank, SME Financing – Foreign Bank and Asset Quality Foreign Bank

The bank opened its first overseas branch in India, at Kolkata, on 12 April 1858. Eight years later the Kolkata agent described the bank's credit locally as splendid and its business as flourishing, particularly the substantial turnover in rice bills with the leading Arab firms.

With the growth of the cotton trade and the opening of the Suez Canal in 1869, Bombay took over from Kolkata as India's main trade centre.

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Photographs: Bobby Yip/Reuters

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Axis Bank Limited
Awarded: Fastest Growing Large Bank

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established.

The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India, Life Insurance Corporation of India and General Insurance Corporation of India and four other PSU insurance companies - National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.

The Bank as on 30th June, 2012 is capitalized to the extent of Rs 414.29 crore (Rs 4.14 billion) with the public holding (other than promoters and GDRs) at 54.24 per cent.

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Photographs: Vivek Prakash/Reuters

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Allahabad Bank
Awarded: Long Standing Performer - Priority Sector Lending

The oldest joint stock bank in India, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture organised industry, trade and banking started taking shape in India.

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Photographs: Courtesy, Business Standard

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Punjab National Bank
Awarded: Priority Sector Lending – Public Sector

Punjab National Bank is an Indian financial services company based in New Delhi, India. PNB is the third largest bank in India by assets.

It was founded in 1894 and is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda with about 5000 branches across 764 cities.

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Photographs: Rediff Archives

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Yes Bank Limited
Awarded: Priority Sector Lending – Private Sector

Yes Bank is a private bank in India. It was founded by Ashok Kapur and Rana Kapoor, with the duo holding a collective financial stake of 27.16 per cent.

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Photographs: Reuters

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DBS Bank Limited
Awarded: Priority Sector Lending – Foreign Bank

Headquartered in the commercial capital of Mumbai, DBS operates via a network of 12 bank branches across India in Bengaluru, Chennai, Cuddalore, Kolkata, Kolhapur, Moradabad, Mumbai, Nashik, New Delhi, Pune, Salem and Surat.

DBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank.

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Photographs: Vivek Prakash/Reuters

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State Bank of India
Awarded: SME Financing – Public Sector, Rural Reach – Public Sector and Technology Adoption – Public Sector

State Bank of India is the largest banking and financial services company in India by revenue, assets and market capitalisation. It is a state-owned corporation with its headquarters in Mumbai, Maharashtra.

As of March 2012, it had assets of US$360 billion and 14,119 branches, including 173 foreign offices in 37 countries across the globe. Including the branches that belong to its associate banks, SBI has 21,500 branches.

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Photographs: Arko Datta/Reuters

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ICICI Bank
Awarded: SME Financing – Private Sector, Global Business Development – Private Sector, Retail Banking - Public Sector and Rural Reach – Private Sector

ICICI Bank is India's second-largest bank with total assets of Rs 4,736.47 billion (US$ 93 billion) at March 31, 2012 and profit after tax Rs. 64.65 billion (US$ 1,271 million) for the year ended March 31, 2012.

The Bank has a network of 2,768 branches and 9,363 ATMs in India, and has a presence in 19 countries, including India.

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Photographs: Vivek Prakash/Reuters

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Bank of Maharashtra
Awarded: Asset Quality – Public Sector

Bank of Maharashtra is the premier bank of Maharashtra, operating in the country of India. Registered on 1935 with an authorised capital of Rs 10.00 lakh, it commenced business in 1936.

Known as a common man's bank since inception, its initial help to small units has given birth to many of today's industrial houses.

Note: Image is used for representation only.

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Photographs: Fayaz Kabli/Reuters

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IDBI Bank
Awarded: Retail Banking - Public Sector

IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an "other public sector bank".

It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.

It is currently 10th largest development bank in the world in terms of reach with 1514 ATMs, 923 branches including one overseas branch at DIFC, Dubai and 621 centres including two overseas centres at Singapore & Beijing.

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Photographs: Courtesy, YouTube

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Citibank
Awarded: Retail Banking - Foreign Bank

Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York.

As of March 2010, Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.


Photographs: Shannon Stapleton/Reuters

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