Which one of the following banks currently ranks number one in India in terms of market capitalisation?

State Bank of India
ICICI Bank
UTI Bank
IDBI Bank

The correct answer is: State Bank of India (SBI).

SBI is the largest state-owned banking and financial services company in India. It is the largest bank in India by assets, deposits, loans, and number of branches. SBI was founded in 1806 and is headquartered in Mumbai, India.

ICICI Bank is the second largest private sector bank in India. It is a multinational banking and financial services company with operations in over 19 countries. ICICI Bank was founded in 1994 and is headquartered in Mumbai, India.

UTI Bank is a private sector bank in India. It was founded in 1994 and is headquartered in Mumbai, India. UTI Bank was acquired by Axis Bank in 2016.

IDBI Bank is a state-owned banking and financial services company in India. It is the fourth largest public sector bank in India. IDBI Bank was founded in 1964 and is headquartered in Mumbai, India.

In terms of market capitalization, SBI is the largest bank in India. As of February 2023, SBI had a market capitalization of ₹3.8 trillion. ICICI Bank had a market capitalization of ₹2.8 trillion, UTI Bank had a market capitalization of ₹1.2 trillion, and IDBI Bank had a market capitalization of ₹0.7 trillion.

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