Top 10 largest banks in the world in 2025

With several financial organizations owning trillions of dollars in assets, the banking sector has a significant and global footprint. The top 10 banks in the world in 2025 will be examined in this article, along with a thorough examination of their business practices, financial results, and overall effects on the world economy. We may have a better understanding of the contemporary financial landscape and how it influences our world by looking at the specifics of these leading institutions.

Here’s a deep dive into the largest banks in the world.

1. JPMorgan Chase

• Total Assets: $4.210 Trillion

In terms of total assets, JPMorgan Chase is the biggest bank in the United States and the sixth largest bank globally. It is a major force in financial services and investment banking. JP Morgan is one of the well-known financial organizations that has already embraced the FedNow system, the Federal Reserve's new fast payment service.

2. Bank of America

• Total Assets: $3.324 Trillion

More than 68 million customers and more than 3 million small business clients are served by Bank of America, which has a significant presence in trading, wealth management, and investment banking.  The second-largest bank in the world and the sixth-largest bank globally in terms of assets is Bank of America.  Ranking 33rd on the list, Bank of America has a market capitalization of $288.96 billion, making it one of the most valuable firms.

3. Industrial and Commercial Bank of China (ICBC)

• Total Assets: $6.898 Trillion

Based on total assets, the Industrial and Commercial Bank of China Limited is the biggest bank in the world and the People's Republic of China. ICBC and other major lenders like Bank of America continue to hold a strong position at the top of the global lending rankings.

Also Read: Top 10 Banks in India 2024

4. Wells Fargo

• Total Assets: $1.922 Trillion

In over 35 countries, American Wells Fargo & Company provides financial services like insurance, equipment leasing, mortgage banking, and more.  As part of JPMorgan's FedNow system integration, Wells Fargo joined 33 other banks and credit unions.  Among the top five banks in the US, Wells Fargo provides services to over 70 million customers.

5. The Agricultural Bank of China

• Total Assets: $6.212 Trillion

In terms of total assets, the Agricultural Bank of China is the second-biggest bank globally.  In 1979, it was established.  The latest financial statistics reveal that the company’s current earnings are $43.41 billion.  throughout addition to operating throughout Asia Pacific, the Middle East, Europe, and the Americas, the bank is extremely important to China's agriculture industry.

6. Morgan Stanley

• Total Assets: $1.258 Trillion

Morgan Stanley is an American investment bank and provider of financial services. Notably, Morgan Stanley and Mitsubishi UFJ Financial recently revealed plans to expand their 15-year partnership by investing in Japanese research and equities as well as foreign exchange trading for a worldwide clientele.

7. China Construction Bank (CCB)

• Total Assets: $5.837 Trillion

In terms of total assets, CCB is the third-largest bank in the world.  It is one of the top commercial banks in China and has a big impact on infrastructure and building projects there.  Chinese Construction Bank is the second-largest bank after ICBC, with 3.48 million corporate clients.  Leisure, software, energy, retail, and many other industries are covered by CCB's numerous subsidiaries.

8. Bank of China

• Total Assets: $4.859 Trillion

In terms of total assets, the Bank of China ranks fourth among all banks worldwide.  It has a large global footprint and is among the oldest banks in China.  The financial market activity is currently run by the Bank of China through five major trading centers: Beijing, Shanghai, Hong Kong, New York, and London. The Bank of China started its operations in Hong Kong.  Maintaining the value of the currency and encouraging national economic expansion are two of the Bank of China's objectives.

9. Goldman Sachs

• Total Assets: $1.728 Trillion

With its headquarters located in New York City, Goldman Sachs is a prominent international investment banking, securities, and investment management company that was founded in 1869.  It engages in trading, securities, asset management, and investment banking.  The firm has a reputation for its high-profile consulting roles in mergers and acquisitions, underwriting of securities, and asset management.  In 2023, Goldman Sachs employed 45,33,000 people worldwide.  Despite its success, Goldman Sachs has encountered legal issues and conflicts, which are frequently linked to its substantial influence in international financial markets.

10. HSBC

• Total Assets: $3.098 Trillion

This British banking firm, which was founded in Hong Kong and Shanghai and currently has its headquarters in the United Kingdom, is the eighth-largest bank globally. serving millions of clients globally as a leading provider of banking and financial services. With a network spanning 62 countries, HSBC provides services to around 42 million clients worldwide. In addition to offering its goods and services, HSBC has branches in India and is growing its clientele in the personal banking sector.

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Banks must continue to innovate & transform: FM

On Friday, Nirmala Sitharaman, the finance minister, urged banks to embrace innovation and digital transformation, highlighting the necessity of adjusting to shifting consumer demands and technology breakthroughs.

She made the following statement during a State Bank of India (SBI) ceremony when she electronically opened 70 new branches and 501 female customer service locations nationwide: "With a legacy spanning 218 years, SBI symbolises resilience, trust, and a relentless digital-first approach."

She emphasized that through its efforts in digital banking, financial inclusion, and rural development, SBI has had an impact on society in addition to its financial success. In order to keep its position as the industry leader, she urged SBI to keep embracing technology and sustainability.

"The banking industry needs to keep innovating and taking the lead as the world changes quickly.  "I have faith that SBI will be able to handle the situation," she stated.

 Sitharaman pointed out that the banking industry in India is growing in spite of a shifting regulatory landscape and heightened competition from fintech companies and other newcomers.  "Institution like SBI must continue to innovate with the rise of tech-savvy customers and their demand for personalized, on-the-go banking," she stated, adding that change should be viewed as a continuous process.

 The minister also emphasized the bank's support to economic growth and its role in carrying out a number of significant government programs.

 

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Points to be looked while taking charge as a Manager in Bank

With fast retirements, promotions are also come fast. These days scale I to II or II to III service period is reduced to 2 years in many banks. In such a short span of time youngsters don’t get much exposure and in many cases officers spend their 2-3 years in one seat only. In many worst cases which I know new officers spend 1-2 years in cash. When they get promoted they face many issues either handling the branch or a particular seat. Officers fear to take charge of loans seat as they don’t have that much a exposure their seniors who took 5-7 years to take a single promotion. Managers or officers become personally liable for any lapses of previous incumbent if they don’t report the matter in their joining report or in initial stages of their charge.

Now here I present you your rescue points which you should take while taking charge or handling any particular seat. All officers must read this article from point to point as you may face problems later in your career. 30 important points before you take charge of bank branch or seat -

1) Security items – the very first thing you should check is security items register. Check all Cheque books, FDRs, Demand Drafts. This security must tally with your system reports.

2) Cash balances- physical cash is another important item. Ideally you should check opening cash. Also check ATM cash or any bait money.

3) Check GLB Slip – the first thing you should ask whenever you enter a new branch is GLB slip. Check it head to head. You can easily figure out some discrepancies from GLB itself and ask the present incumbent. You can easily check sundry entries, Remittances, DNR, suspense entries etc.

4) Check loan files – checking all loan files is not possible. At least check previous one year loan files. Check outgoing incumbent has signed all the loan files. You don’t need to see files before that as inspection/ audit must have taken place before that and auditors or inspectors must have audited files earlier. Meticulously check securities attached like LIC policies , FDRs, bonds, original land registry papers etc. also check that sanction letter are dully signed by the incumbent.

5) Check gold coins/ ornaments- gold coins must be check and gold ornaments of the customers must be checked with joint custodians and another staff officer.

6) All keys of the branch – keys of strong room, cash safe, main gate, grill, ATM room or any other safe present in the branch should be checked without fail.

7) Duplicate Keys- sealed Duplicate keys of the branch which is generally present in another branch should be checked thoroughly and any discrepancy should be reported.

8) Furniture & Fixture- furniture and fixture of the branch should be checked and must tally with GLB also check the depreciation register. Depreciation and reserve must tally with the GLB slip. Also take a broader look at items listed in F&F are present in the branch.

9) FDRs opened but not printed- take a note of FDRs that are opened but not printed. Make sure you got them signed by the outgoing incumbent.

10) TDS challans properly filled- take a look at quarterly TDS challans. Check whether they are filled or not as income tax deptt imposes interest on non filling. There’re last dated for filling quarterly TDS challans.

11) KYC compliance – make sure that all accounts are KYC compiled. Most banks offer non KYC reports in the system. Take out that report and make all the Non KYC accounts KYC complied before taking charge.

12) Registers to be checked- most of the banks have many important registers in the branch check whether they are maintained or not –

    a) Complaint register.

    b) MDP register.

    c) No dues register.

    d) OBC register.

    e) Voucher register.

    f) Cash Register.

    g) Sundry Register.

    h) ATM register.

    i) Furniture & Fixture Register.

    j) Depreciation register.

    k) Inventory movement register.

    k) Key movement register.

    m) NPA register.

    n) Recovery Register

    o) Stock Register.

    p) Loan security items register.

    q) Office order register.

    r) Insurance register.

    s) Nomination register.

    t) 15G-15H register.

    v) Title Deed register.

13) NPA status- NPA accounts and written off accounts status should be reported in joining report.

14) Pending credit proposals- pending credit proposals must be taken note of. And action should be initiated at the earliest. If proposals are large then meeting with parties is also a good idea.

15) Claims with CGTMSE- any claims pending with CGTMSE must be noted and necessary follow up should be started.

16) SARFAESI status- any account in which SARFAESI has been initiated should be noted and status of sace sould be noted.

17) Temporary OD running – All temporary OD must be adjusted within time period of incumbent. Report should be generated of TODs and necessary action should be taken.

18) Expired Documents – take out report of all expired documents during the period of outgoing incumbent and effort should be made to renew all the expired documents before taking the charge.

19) Customer complaints – all pending customer complaints must be attended with utmost priority and outgoing incumbent should be asked to resolve the complaints which were generated during his tenure.

20) Branch security items- all items related to branch security must be assessed like fire equipments, burglar alarms, license of arm guard, CCTV etc.

21) Vigilance/ Inspection reports- you should check the latest inspection/ vigilance report and check whether proper reply/ comments of outgoing incumbent has been taken or not. Check whether queries of inspection report have been removed or not.

22) Examining last 3-4 months sanctions minutely- last 3-4 months sanctions are to be examined minutely or say very carefully.

23) Check whether registration of equitable mortgage with CERSAI/ revenue authorities has been done or not by the outgoing incumbent.

24) Sometimes Insurance Register is not updated and assets charged to the bank, whether as principal security or as collateral, are not insured for “FULL VALUE”.

25) For larger amount loans say above Rs. 10 lacs check whether Ist stage vetting and second stage vetting is done or not. If not then get it done.

26) Bank guarantee issued are duly signed by two officials jointly, one of whom must be the Branch Manager and Manager or Branch Manager and Second Man.

27) Certified copy of the title deed offered as security is obtained from the Sub-registrar office and the same is compared with the original documents deposited for creating mortgage, by the bank lawyer/ bank officials

28) A register is maintained at the branch, wherein the date of receipt, sanction/rejection/disbursement with reasons therefore, etc. are recorded. The register is made available to all inspecting agencies.

29) CIBIL exercise is being done in loans and advances of Rs 1 lac and above. Direct report from CIBIL is being generated and CIBIL detection and updating checking is being conducted.

30) Checking and signing of all the reports generated by the system, particularly, the Exceptional reports, day book, long book and reporting of deviations.

Though I have tried to cover each and every aspect before someone take charge of a branch or seat but still suggestions of experienced folks are appreciated and may guide newly appointed branch in charges.

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Latest Policy Rates (Bank rate,CRR,SLR,Repo rate,Reverse repo rate,MSF) in Indian Banking

Bank Rate	5.40%
Cash Reserve Ratio   (CRR)	4.00%
Statutory Liquidity Ratio (SLR)	18.50%
Repo Rate under  LAF	5.15%
Reverse Repo Rate under LAF	4.90%
Marginal Standing Facility (MSF)	5.40%

                                                          Updated in Oct,2019

To control inflation and the growth, RBI uses certain tools like CASH RESERVE RATIO, STATUTORY LIQUIDITY RATIO, REPO RATE, REVERSE REPO RATE etc.,

What is CRR (Cash Reserve Ratio)?

It is the ratio of Deposits which banks have to keep with RBI. Under CRR a certain percentage of the total bank deposits has to be kept in the current account with RBI. Banks don’t earn anything on that.
Banks will not have access to this amount. They cannot use this money for any of their economic or commercial activities. Banks can’t lend this portion of money to corporate or individual borrowers.
Example – You deposit say Rs 1000 in your bank. Then Bank receives Rs 1000 and has to put some percentage of it with RBI. If the prevailing CRR is 6% then they will have to deposit Rs 60 with RBI and they are left with Rs 940. Your bank can not use this Rs 60 for its commercial activities like lending or investment purpose. This Rs60 is deposited in current account with RBI.

The current CRR is 4%. If RBI cuts CRR in its next monetary policy review which is scheduled on 2nd, December then it means banks will be left with more money to lend or to invest. So, more money can be released into the economy which may spur economic growth.

What is Statutory Liquidity Ratio (SLR)?
Besides CRR, Banks have to invest certain percentage of their deposits in specified financial securities like Central Government or State Government securities. This percentage is known as SLR.
This money is predominantly invested in government securities which mean the banks can earn some amount as ‘interest’ on these investments as against CRR where they do not earn anything.
Example – You deposit say Rs 1000 in your bank. Then Bank receives Rs 1000 and has to put some percentage of it with RBI as SLR. If the prevailing SLR is 20% then they will have to invest Rs 200 in Government securities.

So to meet both CRR and SLR requirements, bank have to earmark Rs 260 (Rs 60 + Rs 200).

What is Repo Rate?
When we need money, we take loans from banks. And banks charge certain interest rate on these loans. This is called as cost of credit (the rate at which we borrow the money).
Similarly, when banks need money they approach RBI. The rate at which banks borrow money from the RBI by selling their surplus government securities to the central bank (RBI) is known as “Repo Rate.” Repo rate is short form of Repurchase Rate. Generally, these loans are for short durations (up to 2 weeks).
It simply means the rate at which RBI lends money to commercial banks against the pledge of government securities whenever the banks are in need of funds to meet their day-to-day obligations.
Banks enter into an agreement with the RBI to repurchase the same pledged government securities at a future date at a pre-determined price. RBI manages this repo rate which is the cost of credit for the bank.

Example – If repo rate is 5% , and bank takes loan of Rs 1000 from RBI , they will pay interest of Rs 50 to RBI. So, higher the repo rate higher the cost of short-term money and vice verse. Higher repo rate may slowdown the growth of the economy. If the repo rate is low then banks can charge lower interest rates on the loans taken by us.

If RBI cuts Repo rates in its next monetary policy review which is scheduled on 2nd, December then it means the cost of short-term credit can come down.
So whenever the repo rate is cut, can we expect that both the deposit rates and lending rates of banks to come down to some extent?
This may or may not happen every time. The lending rate of banks goes down to the existing bank borrowers only when the banks reduce their base rates, as all lending rates of banks are linked to the base rate of every bank. In the absence of a cut in the base rate, the repo rate cut does not get automatically transmitted to the individual bank customers. This is the reason why you might have observed that your loan EMIs remain same even after RBI lowers the repo rates.
Banks check various other factors (like credit to deposit ratios etc.,) before reducing the Base rates.
( Base Rate is the minimum rate below which Banks are not permitted to lend)

What is Reverse Repo Rate?
Reverse repo rate is the rate of interest offered by RBI, when banks deposit their surplus funds with the RBI for short periods. When banks have surplus funds but have no lending (or) investment options, they deposit such funds with RBI. Banks earn interest on such funds.

Impact of Repo Rate cut or CRR cut :
Currently crude oil (petrol/fuel) prices, commodity prices and inflation have eased.  Against this backdrop, there is a high expectation of RATE CUT this time. So, if there is a rate cut what is the general impact on the economy?

Hope you liked this post. Do track the RBI’s next Monetary Policy review. 

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Key points from RBI policy meets

Reserve Bank of India (RBI) is currently on a rate cutting spree as the central bank has reduced the repo rate -- the rate at which it lends to banks -- for the fifth time in a row. After this reduction of 25 basis points (bps), which overall translates into 135 bps or 1.35 percentage points this year, the repo rate now stands at 5.15 per cent.

Here's are the key takeaways from the monetary policy committee (MPC) meet:

Rate cut may bring cheer among borrowers:

When the RBI cuts rates, banks are expected to pass on the benefit to consumers and reduce interest rates on home, auto, personal or other loans which may result in lower EMIs (equated monthly instalments).

As the RBI has compelled banks to align all their retail loans to external benchmarks, and a majority of lenders have adopted the repo rate as the benchmark, the cut will likely bring cheer to borrowers.

Any scope for another rate cut?

The central bank has maintained its "accommodative" stance. "The Reserve Bank will continue the 'accommodative' stance as long as it is required to revive the growth," RBI governor Das said .

This leaves borrowers with a hope that that the key lending rate may fall further.

Shaktikanta Das on PMC Bank crisis:

"As soon as this issue came to the central bank's notice, the RBI has acted very swiftly. One incident should not be used to generalise the state of all cooperative banks. Banking system sound, stable and there's no reason to panic," Das stated on Punjab and Maharashtra Cooperative (PMC) Bank crisis.

RBI governor on 'single-use plastic ban':

Just seconds before the MPC media briefing was about to get over, the RBI governor was congratulated for opting "plastic free folder and water bottle". To which the governor smiled and replied: "We've decided and we've in fact issued a circular internally for doing away with single-use plastic."

Fall in economic growth projection:

The Reserve Bank sharply cut its economic growth projection for this fiscal to 6.1 per cent from 6.9 per cent earlier, but expressed hope that the growth will recover in the second half of 2019-20.

The central bank's estimates come in the wake of GDP growth sliding to a six-year low of 5 per cent in the June quarter, on a massive slowdown in consumption and private sector investments.

Micro-lenders' borrowers:

On the regulation and supervision front, the RBI decided to increase the household limits for micro-lenders' borrowers, and also raise the cap to Rs 1.25 lakh per eligible borrower from the previous Rs 1 lakh.

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How Many Digits in Account Number of Banks in India

Every customer of a bank is assigned a unique account number, and that account number will be used in every banking operation related to that person. An account number is a special series of digits and, often, letters and other characters that describe the account owner and give access to that account. You can find your account number at the bottom of your paper check.

An account number may vary from 9 digits to 18 digits, and it depends on the bank how many numbers should be included in an account number. An account number contains a pure numeric pattern, but some foreign banks use the alpha-numeric combination in the account number.

Two users cannot have the same account number in the same bank. As the cases of banking fraud are increasing day by day, banks are working on making every account number different from users of other banks also.

The reports of Reserve Bank of India(RBI) states that there are only 20 banks in India which has a serial running number and rest of the banks has some indicated characteristic included in it.

The added characteristics in the bank that are embedded are account type, account status, product code, bank code, branch code, check digits, year of opening, etc. 40 out of 78 banks do not have a check digit as part of the form of their account number. Many banks (67 out of 78) have implemented branch code as part of the specification of the account number.

Many banks use company code as a part of the specification of the account number. It varies from bank to bank on how the implementation procedure is planned by the bank and depending on that total number of characters varies in the account number.

SR. NO.	NAME OF BANK	ACCOUNT NUMBER DIGITS
1	ANDHRA BANK(Now UBI)	15
2	ANDHRA PRADESH GRAMEENA VIKAS BANK	11
3	ALLAHABAD BANK(Now Indian Bank)	11
4	ASSAM GRAMIN VIKASH BANK	13
5	ARYAVART BANK	15
6	AU SMALL FINANCE BANK	16
7	AXIS BANK	15
8	BANDHAN BANK	14
9	BANK OF BARODA(BoB)	14
10	BANK OF INDIA(BoI)	15
11	BANK OF MAHARASHTRA(BoM)	11
12	BARODA RAJASTHAN KSHETRIYA GRAMIN BANK	14
13	BARODA UP GRAMIN BANK	11
14	BANGIYA GRAMIN VIKASH BANK	11
15	CENTRAL BANK OF INDIA	10
16	CANARA BANK	13
17	CATHOLIC SYRIAN BANK	18
18	CITI BANK	10
19	CITY UNION BANK	15
20	CORPORATION BANK(Now UBI)	8
21	DCB BANK	14
22	DENA BANK (Now BoB)	12
23	DHANALAKSHMI BANK	16
24	EQUITAS SMALL FINANCE BANK	12
25	FEDERAL BANK	14
26	HDFC BANK	13 or 14
27	HSBC BANK	12
28	ICICI BANK	12
29	IDFC FIRST BANK	11
30	INDIAN BANK	9
31	INDIAN OVERSEAS BANK(IOB)	15
32	INDUSIND BANK	13
33	IDBI BANK	13 or 14 or 15 or 16
34	JAMMU AND KASHMIR BANK (J&K)	16
35	KARNATAKA BANK	16
36	KARUR VYSYA BANK	16
37	KARNATAKA VIKAS GRAMEENA BANK	16
38	KERALA GRAMIN BANK	14
39	KOTAK MAHINDRA BANK	14
40	LAKSHMI VILAS BANK	16
41	NAINITAL BANK	16
42	MADHYANCHAL GRAMIN BANK	10
43	ORIENTAL BANK OF COMMERCE(Now PNB)	14
44	ODISHA GRAMYA BANK	11
45	PUNJAB NATIONAL BANK(PNB)	16
46	PUNJAB & SIND BANK	14
47	Prathama UP Gramin Bank	14
48	RBL BANK	12
49	RAJASTHAN MARUDHARA GRAMIN BANK	12
50	STANDARD CHARTERED BANK	11
51	STATE BANK OF BIKANER AND JAIPUR(Now SBI)	11
52	SAPTAGIRI GRAMIN BANK	11
53	SARVA HARYANA GRAMIN BANK	14
54	STATE BANK OF INDIA(SBI)	11
55	STATE BANK OF HYDERABAD(Now SBI)	11
56	STATE BANK OF TRAVANCORE (Now SBI)	11
57	SOUTH INDIAN BANK	16
58	SYNDICATE BANK (Now CANARA BANK)	14
59	TAMILNADU MERCANTILE BANK	6 to 15
60	UNION BANK OF INDIA(UBI)	15
61	UNITED BANK OF INDIA (Now PNB)	13
62	UCO BANK	14
63	UTTAR BIHAR GRAMIN BANK	16
64	UTKAL GRAMEEN BANK	12
65	VIJAYA BANK(Now BoB)	15
66	YES BANK	15

* Comment us or contact us to share number of bank account digits which is not mentioned here.

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