Forbes has teamed with market research firm Statista for the third year in a row to create our ranking of the World's Best Banks. During the Coronavirus pandemic, banks all around the world played a critical role in keeping the global economy going. Lenders were able to keep credit flowing to firms and individuals. General satisfaction and essential features like as trust, fees, digital services, and financial counselling were used to grade banks. A total of 43,000 banking customers from all around the world were polled about their present and previous banking ties.
World's Best Banks In India: DBS Bank
DBS Bank has been operating in India for 26 years, with its first branch opening in Mumbai in 1994. DBS Bank India Limited is the first significant foreign bank in India to operate as a wholly-owned, locally formed subsidiary of a global bank.
DBS Bank Ltd, located in Marina Bay, Singapore, is a Singaporean multinational banking and financial services organisation. Before the current name was adopted on July 21, 2003, the corporation was known as The Development Bank of Singapore Limited, reflecting its changing role as a global bank.
World's Best Banks In India: CSB Bank
Share Price: Rs 334.55
Market Cap: 5.82TCr
YTD Return: 52.94%
CSB Bank Limited, originally Catholic Syrian Bank Limited, is a private sector Indian bank headquartered in Thrissur, Kerala. The Catholic Syrian Bank Limited (CSB), headquartered in Kerala's Thrissur district, is one of the country's oldest private sector banks. CSB began operations on January 1, 1921, with a paid-up capital of Rs. 45270/- and an authorised capital of Rs. 5 lakhs. The bank currently has a customer base of around 1.6 million people.
World's Best Banks In India: ICICI Bank
Share Price: 636.30
market Cap: 4.40LCr
YTD Returns: 20.63%
ICICI Bank is one of India's Big Four banks. ICICI Bank Limited is a privately held Indian development financing organisation based in Vadodara, Gujarat, and Mumbai, Maharashtra. Through a number of delivery channels and specialised subsidiaries, it provides a comprehensive range of banking products and financial services to corporate and retail customers. The bank has branches in the United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China, and South Africa, as well as subsidiaries in the United Kingdom and Canada.
World's Best Banks In India: HDFC Bank
Share Price: Rs 1,487
Mkt cap: 8.20LCr
YTD returns: 4.35%
HDFC Bank Limited, headquartered in Mumbai, Maharashtra, is an Indian banking and financial services firm. As of April 2021, HDFC Bank is India's largest private sector bank in terms of assets and market capitalization. On the Indian stock exchanges, it is the third largest corporation by market capitalization. HDFC Bank, a subsidiary of the Housing Development Finance Corporation, was founded in 1994 and is headquartered in Mumbai, Maharashtra, India.
World's Best Banks In India: Kotak Mahindra Bank
Price: Rs 1,792.75
Market Cap: 3.56LCr
YTD Returns: -10.10%
Kotak Mahindra Bank Limited is a private Indian bank with its headquarters in Mumbai, Maharashtra. It provides corporate and retail customers with banking products and financial services in the fields of personal finance, investment banking, life insurance, and wealth management. With 1600 branches and 2519 ATMs, it is the third largest Indian private sector bank by market capitalization as of February 2021. In 2015, Kotak Bank paid 150 billion rupees (US$2.1 billion) for ING Vysya Bank.
World's Best Banks In India: Axis Bank
Price: Rs 737.50
Market cap: 2.27LCr
YTD Returns: 18.23%
Axis Bank Limited, headquartered in Mumbai, Maharashtra, is an Indian private sector bank. It provides financial services to large and mid-sized corporations, small and medium-sized organisations, and retail firms. The bank began operations as UTI Bank in December 1993, with a registered office in Ahmedabad and a corporate headquarters in Mumbai.
World's Best Banks In India: State Bank of India
Market Cap: 3.83LCr
YTD Returns: 53.69%
The State Bank of India (SBI) is a public sector banking and financial services statutory body located in Mumbai, Maharashtra, India. SBI is the world's 43rd largest bank and the only Indian bank in the Fortune Global 500 list of the world's largest firms for 2020, ranking 221st. It is India's largest public sector bank, with a 23 percent asset market share and a 25 percent share of the total loan and deposit market.
World's Best Banks In India: Federal bank
Market Cap: 17.17TCr
YTD Returns: 26.67%
Federal Bank Limited, headquartered in Aluva, Kochi, is a significant Indian private sector commercial bank. The bank has around 1,200 branches in India, spanning across various states. It also has overseas offices in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. The Federal Bank Limited (formerly Travancore Federal Bank Limited) was established on April 23, 1931, in Nedumpuram, a town near Thiruvalla in Central Travancore, with an authorised capital of $5,000 under the Travancore Companies Act.
World's Best Banks In India: Saraswat Bank
The Reserve Bank of India designated the bank as a Scheduled Bank in 1988. It's the first co-op bank to offer merchant banking services. In 1979, the bank was granted a permanent licence to deal in foreign exchange. The bank currently has correspondent relationships with 162 banks in 58 countries, covering nine currencies. Saraswat Co-operative Bank Ltd. is an urban co-operative banking company with headquarters in Mumbai, Maharashtra, India, and has been in operation since 1918 as a co-operative organisation. The bank is not listed.
World's Best Banks In India: Standard Chartered
Standard Chartered, headquartered in London, England, is a British multinational banking and financial services corporation. It employs roughly 87,000 people and has a network of more than 1,200 branches and outlets (including subsidiaries, affiliates, and joint ventures) in more than 70 countries. Standard Chartered is a constituent of the FTSE 100 Index and has its primary listing on the London Stock Exchange.
India Post Payments Bank, at number 11, and Paytm Payments Banks, at number 16, are two interesting newcomers to the list.
Andhra Pradesh State Co-operative Bank is ranked number 14 on the list of cooperative banks.
Karur Vysya Bank, which is headquartered in Karur, Tamil Nadu, is ranked 30th.