In April 2025, S&P Global Market Intelligence released its latest Annual Ranking of the world’s 100 largest banks by assets to showcases the financial powerhouses across the globe. Mumbai (Maharashtra) based State Bank of India (SBI) and Mumbai based HDFC Bank Limited are the only two Indian banks to be featured among the world’s top 100 largest banks by assets.
- SBI climbed 4 places to 43rd position, while HDFC Bank rose 1 spot to 73rd , marking India’s sole representation in the prestigious list.
- China’s Industrial and Commercial Bank of China Limited, ICBC topped in the list followed by Agricultural Bank of China Ltd.(ABC), China Construction Bank Corporation (CCB).
Key Highlights of the 2025 S&P Global Ranking:
i.The ranking by S&P Global Market Intelligence evaluates the world’s largest banks based on total assets as of the year-end 2024. The data reflects the impact of Mergers and Acquisitions (M&A) and other restructuring activities on global banking institutions.
ii.The top four positions in the 2025 ranking were dominated by mainland Chinese banks, continuing their hold from the previous year:
- A total of 21 banks from mainland China were included, seven of which made it to the top 20.
iii.HSBC Holdings PLC remains Europe’s largest bank and ranks 7th globally, despite a USD 27.23 billion drop in assets due to restructuring and divestments.
iv.47 banks saw a decline in their positions, 29 banks improved their rankings, and 24 banks maintained their previous standings. Additionally, 4 new banks entered the list, reflecting the dynamic nature of the global banking sector.
v.Notably, Canada based National Bank of Canada and the United States of America(USA) based State Street Corporation re-entered the rankings after being absent in the previous year. The National Bank of Canada secured the 92nd position, while State Street Corporation claimed the 93rd spot.
Top 5 banks by Assets in 2025:
| Rank | Name of the Bank | Country |
|---|---|---|
| 1 | Industrial and Commercial Bank of China(ICBC) | China |
| 2 | Agricultural Bank of China(ABC) | China |
| 3 | Construction Bank Corporation (CBC) | China |
| 4 | Bank of China Limited (BOC) | China |
| 5 | Â JPMorgan Chase & Co. | United States of America(USA) |
| 43 | State Bank of India (SBI)Â | India |
| 73 | HDFC Bank Limited | India |
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President & Chief Executive Officer(CEO) – Martina L. Cheung
Headquarters – New York, the United States of America(USA)
Established – 1917
