Indian financial services industry is among the fastest growing sector in the world, The sector comprises banks, insurance, pension funds, mutual funds, market capital and financial entities. The term big four is a collected name of 4 main banks of a country against the banking industry and has the largest number of employees, branches and products.
SBI is the public sector banking with a 23% market share in assets and is the largest bank in India. State Bank of India offers wide range of banking products online, through 24000 branches in all the important cities of India as well as from overseas offices.
Today, Along with seven regional banks – State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore,State Bank of Indore and State Bank of Saurashtra, SBI is single very large bank of India.
ICICI Bank Limited is one of the Big Four banks of India and second largest bank in India by market capitalisation and assets. The private sector bank offer wide range of products and services like digital wallet, Visa credit card and debit cards, also has good presence in foreign countries.
Bank of Baroda is second largest public sector bank with the merger of Vijaya Bank and Dena Bank. BOB is one of the largest lender in the country and third largest bank in India by assets after State Bank of India (SBI) and ICICI Bank.
HDFC Bank Ltd is one of the top 4 Indian banks and financial services company, Also by market capitalisation in 2016 HDFC is listed as largest private bank and lender by assets. HDFC provides services and two wheeler loans, personal loans,lifestyle loan and credit cards through a variety of channels.