Top 10 Indian Banks in 2012

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Top 10 Indian Banks in 2012 Serving and managing the money of over a billion people and one of the

fastest emerging economies in the world is a huge challenge. And this where the leading Indian banks, play a huge role in managing the wealth of India. Here is a list of the top 10 Indian banks of 2012. The list is on the basis of Turnover figures(2011)

10. Union Bank of India

Union Bank of India (UBI) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. It is one of India's largest public sector banks. All the bank's branches have been networked with its 3025 ATMs. The bank has around 27,750 employees Turnover : 18501 Rs Crore

3. Punjab Bank of India (PNB)

PNB was founded in 1894 and It has about 5000 branches across 764 cities. It serves over 37 million customers. PNB is a trusted name in the banking segment of India. It is among the few other public sector banks of India that runs special schemes for senior citizens, army personnel, students and women. Despite the recessive tendency in the global economy, PNB has managed to earn profit on a sustained manner. Turnover: 31207 Rs Crore

4. Bank of Baroda

Bank of Baroda the third largest PSU bank in terms of number of total business in India. It is also the country's second largest public sector lender in terms of annual profit. BoB has around 4000 branches and over 2000 ATMs. It provides services like Rural/Agri Banking, SME Banking,Retail Banking, Wholesale Banking, Internet Banking etc Turnover: 25800 Rs Crore

1. State Bank of India

It is the oldest bank of India. It was established in the year 1806. The bank provides a large variety of banking products through their effective branch network not only in India but also abroad. The bank has about 16,000 branches and about 8500 ATMs. Turnover : 147843 Rs Crore

8. IDBI Bank

IDBI Bank Limited was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of Indian industry. The bank has around 1500 ATMs, 900 branches including one overseas branch approx 600 centers including two overseas centres at Singapore & Beijing. Turnover : 20838 Rs Crore

7. Bank of India

It is amongst the oldest banks in the country . It was Founded

on 7 September 1906. The

bank provides many services like Mobile Banking & Payments,online Tax Payment, Pay Bills, Online Trading in Shares, Internet Banking, Book Ticket and many more. The bank also has major presence in country abroad. Turnover: 24500 Rs Crore

5. Canara Bank

Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu Permanent Fund in Mangalore, India, on 1 July 1906.[4] The bank changed its name to Canara Bank Limited in 1910 when it incorporated. Canara Bank offers services like Mutual Funds,Savings & Deposits,Loans & Advances,Depository Services,Consultancy Services and much more. The bank has its presence outside India and has vision to expand its presence in and outside India. Turnover : 25792 Rs Crore

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