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

Hellobanker Team
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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)

ComparisonSBI 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
HeadquartersMumbaiMumbai
Branches22,2194729
ATMs62,61712,259
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 employees2,44,250 (March 2022)1,66,890 (Dec 2022)
OwnerMinistry of Finance
(Government of India)		Housing Development Finance Corporation (25.7%)
Capital ratioTier 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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