List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...

India.com

2 days ago

New Delhi: China is the second largest economy in the world. But if we look at the list of the 10 largest banks in the world in terms of assets, then China dominates it. China has four banks at the top of this list. The total assets of these four banks are around 23 trillion dollars. America and France have 2 banks each in the top 10 list, while Japan and Britain have one bank each. India's banks SBI and HDFC Bank are far behind in this list. Which are the 10 largest banks in the world by assets? Here is the list of 10 largest banks in the world by assets, top 4 are from China.
According to Bloomberg, China's Industrial and Commercial Bank of China (ICBC) is at the top of this list with assets of 6.7 trillion dollars. It is the largest of the 'big four' banks in China, and the largest bank in the world by total assets.
The Agricultural Bank of China (ABC), also known as AgBank, is one of the 'big four' banks in China, and the second largest bank in the world by total assets of $5.9 trillion.
The China Construction Bank Corporation (CCB), headquartered in Beijing, is one of the 'big four' banks in China, and is the third largest bank in the world by total assets of $5.6 trillion.
The Bank of China is one of the 'big four' banks in China. It is at number four in this list with the total assets of $4.8 trillion. In this way, there are four Chinese banks at the top four positions in the list of world's banks whose total assets are around $23 trillion which is more than China's GDP ($19.23 trillion).
The total assets of these four Chinese banks are around $23 trillion which is more than China's GDP, which is about $20 trillion. Which are the other countries?
In this list, America's JP Morgan Chase is at number five with assets of $4 trillion.
Bank of America is at number six with assets of $3.3 trillion.
Britain's bank HSBC is at number seven with assets of $3 trillion.
France's BNP Paribas with $2.8 trillion and Credit Agricole Group with $2.7 trillion are at number eight and nine.
Japan's Mitsubishi UFJ Financial Group is at number ten with $2.6 trillion. Where does India rank?
India's largest public sector bank SBI ($547 billion) and HDFC Bank ($494 billion) are among the top 100.
India's largest public sector bank State Bank of India (SBI) has total assets of $547 billion and HDFC Bank has assets of $494 billion. Both these Indian banks have made it to the top 100.