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Key Points

The latest S&P Global Market Intelligence ranking reveals remarkable achievements for Indian banks in the global financial landscape. State Bank of India and HDFC Bank are the sole Indian representatives among the world's 100 largest banks by assets. Chinese banks continue to dominate the ranking, occupying the top four positions with remarkable consistency. The report highlights the significant role of mergers and acquisitions in reshaping the global banking sector's asset composition.

Key Points: SBI HDFC Rank in Top 100 Global Banks Assets Listing

  • SBI climbs to 43rd place in global bank assets ranking
  • HDFC Bank reaches 73rd position globally
  • Chinese banks dominate top bank rankings
  • 21 mainland China banks featured in the list
2 min read

SBI, HDFC only Indian banks in world's 100 largest by assets: S&P Global Market Intelligence

Indian banking giants SBI and HDFC secure spots in S&P Global's top 100 largest banks ranking, amid Chinese bank dominance

"M&A's influence on the size of banks is arguably most prominent in Europe - S&P Global Market Intelligence Report"

New Delhi, April 16

State Bank of India and HDFC Bank are the only Indian banks that have found its place on the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets.

New Delhi [India], April 16 (ANI): State Bank of India and HDFC Bank are the only Indian banks that have found its place on the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets.

State Bank of India climbed four places to 43rd place, according to S&P Global Market Intelligence data. HDFC Bank climbed one place to 73rd place.

Chinese lenders dominated the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets, with M&A a key factor in the list. Overall, 38 banks rose in the ranking, while 37 fell and 25 were in unchanged positions. Four made the latest list after not being in the top 100 in 2024.

Industrial and Commercial Bank of China Ltd., Agricultural Bank of China Ltd., China Construction Bank Corp. and Bank of China Ltd. occupied the top four spots in what was an unchanged top eight from a year ago. Twenty-one banks based in mainland China placed in the ranking, with seven in the top 20.

France-based Societe Generale SA fell three places to 22nd in the ranking, with its assets adjusted lower by USD 27.36 billion due to some being held for sale as of 2024-end.

The ranking report said HSBC Holdings PLC is selling multiple assets under a restructuring effort. Its assets dropped by USD 27.23 billion as a result. Still, HSBC remained the biggest bank in Europe and the seventh-largest globally.

National Bank of Canada and State Street Corp. joined the ranking after being absent in 2024, with National Bank of Canada taking the 92nd spot and State Street taking 93rd.

"M&A's influence on the size of banks in the past year is arguably most prominent in Europe, where lenders are looking to build scale through acquisitions and to streamline operations and business models by shedding low-performing assets and units," read the S&P Global Market Intelligence report.

- ANI

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Reader Comments

R
Rajesh K.
Great to see Indian banks making their mark globally! SBI's jump of 4 places is impressive. Hope to see more Indian banks join this list soon 🇮🇳
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Priya M.
While this is good news, I wish the article had more details about what exactly helped SBI and HDFC grow their assets. The Chinese dominance is quite concerning though 😕
A
Amit S.
HDFC Bank consistently performs well! Not surprised to see them here. Their customer service and digital banking are top-notch 👏
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Neha P.
Interesting read! The banking sector is changing so fast globally. 21 Chinese banks in the top 100 is mind-blowing. India has some catching up to do!
S
Sanjay D.
Size isn't everything - I'd be more interested in seeing a ranking by customer satisfaction or digital innovation. That's where Indian banks can really shine ✨
M
Meera R.
This makes me proud as an Indian! Though I wonder when we'll see private banks like ICICI or Axis break into this list. The competition would be good for the sector.

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