Have you ever wondered which is the largest bank in India? Today, in this article, we will tell you about the top 10 largest banks in the world.
Top 10 largest banks in the world in 2024
| Rank | Bank | Headquarters | Market Cap |
|---|---|---|---|
| 1 | JPMorgan Chase | New York, USA | $551.03 B |
| 2 | Bank of America | North Carolina, USA | $288.96 B |
| 3 | Industrial and Commercial Bank of China Limited | Beijing, China | $249.28 B |
| 4 | Wells Fargo | California, USA | $208.41 B |
| 5 | Agricultural Bank of China | Beijing, China | $207.79 B |
| 6 | Bank of China | Beijing, China | $171.35 B |
| 7 | China Construction Bank | Beijing, China | $166.19 B |
| 8 | HSBC | London, UK | $164.48 B |
| 9 | Morgan Stanley | New York, USA | $148.90 B |
| 10 | HDFC Bank | Mumbai, India | $147.31 B |
Top Banks Country wise
| Bank | Country |
|---|---|
| JPMorgan Chase | USA |
| ICBC | China |
| HSBC | UK |
| HDFC Bank | India |
| Royal Bank Of Canada | CANADA |
| BNP Paribas | France |
| Mitsubishi UFJ Financial | Japan |
| Commonwealth Bank | Australia |
| The Saudi National Bank | Saudi Arabia |
| UBS | Switzerland |
| Santander | Spain |
JPMorgan Chase
JPMorgan Chase is the largest US-based bank and the fifth-largest bank in the world in terms of total assets. It has a total asset value of $3.875 trillion. The firm operates the largest investment bank in the world by revenue and is a major provider of investment banking services, corporate advisory, mergers and acquisitions, sales and trading, and public offerings. JPMorgan Chase is also known for its risk management, broad financing activities, and large-scale legal settlements. It is a leading player in investment banking and financial services.
Bank of America
Bank of America is another major player in the banking industry. It has a total asset value of $3.180 trillion. The bank offers a range of services, including investment banking, wealth management, and trading. It serves approximately 66 million consumers and small business clients.
Industrial and Commercial Bank of China (ICBC)
The Industrial and Commercial Bank of China (ICBC) is the largest bank in both the People’s Republic of China and the world when considering total assets. It has a total asset value of $6.323 trillion. ICBC is among the biggest lenders in the world and has a significant influence on China’s financial sector.
The Agricultural Bank of China
The Agricultural Bank of China is the second-largest bank in the world in terms of total assets, with a total asset value of $5.640 trillion. It plays a crucial role in supporting China’s agricultural sector.
Wells Fargo
Wells Fargo is an American bank that offers financial services in about 35 countries. It has a total asset value of $1.886 trillion. Wells Fargo, along with JPMorgan Chase and 33 other banks and credit unions, has integrated the FedNow system, a new instant payment service introduced by the Federal Reserve.
Bank of China
The Bank of China is the fourth-largest bank globally by total assets, with a total asset value of $4.558 trillion. It is one of the oldest banks in China and has a significant international presence.
China Construction Bank (CCB)
China Construction Bank (CCB) is the third-largest bank globally in terms of total assets, with a total asset value of $5.421 trillion. CCB has a significant influence on China’s construction and infrastructure projects.
HSBC
HSBC is a prominent banking and financial services organization headquartered in the United Kingdom. It has a total asset value of $2.308 trillion. HSBC caters to millions of customers worldwide.
Morgan Stanley
Morgan Stanley is an investment bank and financial services provider from America. It has a total asset value of $1.193 trillion. Recently, Morgan Stanley and Mitsubishi UFJ Financial announced plans to expand their alliance and venture into foreign exchange trading and Japanese research and equities businesses for a global consumer base.
HDFC Bank
HDFC Bank, after merging with HDFC Ltd., has become the 10th largest lender in the world and the largest bank in India. It has a total asset value of $466.29 billion. The merger aims to better serve client needs and adapt to the changing needs of the industry.
