Comparison of India’s Largest Government Bank vs Private Bank (SBI vs HDFC)

April 7, 2023

1 minute read

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There are 12 public sector banks as of 1 March 2023. At present, there are 21 private banks in India, as of 1 March 2023. Let’s have a look at the Comparison of India’s Largest Government (SBI) and Private Bank (HDFC Bank).

Comparison of India’s Largest Government vs Private Bank: SBI vs HDFC Bank (Data: 2022)

Comparison	SBI	HDFC Bank
Established	1806 as Bank of Calcutta ● Bank of Calcutta (1806 – 1921) ● Bank of Bombay (1840 – 1921) ● Bank of Madras (1843 – 1921) ● Imperial Bank of India (1921 – 1955) ● State Bank of India 1 July 1955	1994
Headquarters	Mumbai	Mumbai
Branches	22,219	4729
ATMs	62,617	12,259
Revenue	₹406,973 crore (US$51 billion)	₹167,695 crore (US$21 billion)
Operating income	₹78,898 crore (US$9.9 billion)	₹68,798 crore (US$8.6 billion)
Net income	₹43,774 crore (US$5.5 billion)	₹38,151 crore (US$4.8 billion)
Total assets	₹5,177,545 crore (US$650 billion)	₹2,122,934 crore (US$270 billion)
Total equity	₹300,972 crore (US$38 billion)	₹246,771 crore (US$31 billion)
Number of employees	2,44,250 (March 2022)	1,66,890 (Dec 2022)
Owner	Ministry of Finance (Government of India)	Housing Development Finance Corporation (25.7%)
Capital ratio	Tier 1 11.03%	–
Rating	● S&P BBB- / A-3/ Stable ● Moody’s Baa3/ P-3/ Stable ● Fitch BBB- / F-3/ Stable	–

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April 7, 2023

1 minute read