Now Reading: SBI tops in deposits and customers, HDFC Bank leads per-customer average
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SBI tops in deposits and customers, HDFC Bank leads per-customer average
SBI tops in deposits and customers, HDFC Bank leads per-customer average
State Bank of India has the largest deposit base at Rs 60.4 lakh crore and the highest customer count of 53 crore, according to data from investment platform Groww shared on X.…
The Story in Brief
State Bank of India has the largest deposit base at Rs 60.4 lakh crore and the highest customer count of 53 crore, according to data from investment platform Groww shared on X. HDFC Bank, with Rs 31 lakh crore in deposits and 10.1 crore customers, ranks second in size but tops in average deposit per customer at Rs 3.07 lakh. Among ten major banks compared, Axis Bank follows with Rs 2.47 lakh average deposit, while Union Bank of India has the lowest at Rs 0.80 lakh. ICICI Bank is absent from the list as it has not disclosed its total customer count.
The Indian Opinion
The comparison between SBI and HDFC Bank often ignores context. SBI’s low average deposit per customer does not mean it is weaker, it reflects its role as a mass-market lender serving rural and low-income households. Similarly, HDFC Bank’s high average deposit is easier to achieve with a smaller, urban-focused base. The real test is how each bank mobilises savings from its target segment, not a raw per-customer number that masks structural differences. Will HDFC Bank expand its reach without diluting its average deposit?
Source: livemint.com
This story was synthesised by AI from the source linked above.
