State Bank of India has declared itself as the largest lender of the country. The bank has done the total business of over Rs 13, 78,000 crore for the financial year 2009. Up till now no other Indian bank has been able to even nearer this figure in terms of total business achieved by SBI during this period of time.
SBI is followed by Punjab National Bank (PNB). PNB has become the second largest bank of the country by replacing the largest private sector bank ICICI bank. PNB has done the total business of Rs 4, 35,000 crore for the fiscal in terms of total business with total deposits and loans.
On the other hand ICICI Bank has done a total business of Rs 3, 83,223 crore for the same fiscal year.
ICICI Bank total deposits stood at Rs 2, 02,017 crore while total advances were Rs 1, 81,206 crore. However PNB has managed to register a 20% increase in total business during the current fiscal.
The other public sector lenders Bank of Baroda and Canara Bank had also surpassed the Rs 4 lakh crore figures in total business.
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