Top 10 Largest Banks in India by Market Capitalization#2020

#Top10Banks2020#India#ByMarketCapitalization
For a developing nation like India, the banking sector plays a vital role in helping the economy move forward. Not only do banks offer the required loans to agricultural as well as commercial players, but also facilitate the common man with services such as personal banking, credit, and debit facilities besides yielding interest on savings.

Given the importance of banks, it shouldn’t come as a surprise that India is home to as many as 27 Public Sector Banks, of which 21 are Nationalised Banks and 6 belong to the State Bank Group. In addition, 21 Private Sector Banks also serve the nation, complete with 45 Foreign Private Sector Banks which support Indian banking system. The GOI has announced a mega merger of 27 public sector banks into 12 robust PSU banks. The merger is expected to come into force by the end of this financial year.

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