Table 2

Concentration of deposits across top five banks

Bank20132014201520162017
State Bank of India16.8%State Bank of India17.0%State Bank of India17.5%State Bank of India18.0%State Bank of India19.2%
Bank Of Baroda6.6%Bank Of Baroda7.0%Bank Of Baroda6.8%Bank Of Baroda6.0%HDFC Bank6.0%
Punjab National Bank5.5%Bank Of India5.8%Bank Of India5.9%Punjab National Bank5.7%Punjab National Bank5.8%
Bank Of India5.3%Punjab National Bank5.5%Punjab National Bank5.6%HDFC Bank5.7%Bank Of Baroda5.7%
Canara Bank5.0%Canara Bank5.1%Canara Bank5.2%Bank Of India5.3%Bank Of India5.1%
Top five share39.3% 40.5% 41.0% 40.7% 41.8%
Bank20182019202020212022
State Bank of India24.0%State Bank of India23.8%State Bank of India24.5%State Bank of India25.1%State Bank of India25.0%
HDFC Bank7.0%HDFC Bank7.5%HDFC Bank8.7%HDFC Bank9.1%HDFC Bank9.6%
Punjab National Bank5.7%Punjab National Bank5.5%Bank Of Baroda7.2%Punjab National Bank7.5%Punjab National Bank7.1%
Bank Of Baroda5.2%ICICI Bank5.3%ICICI Bank5.8%Canara Bank6.9%Canara Bank6.7%
ICICI Bank5.0%Bank Of Baroda5.2%Punjab National Bank5.3%Bank Of Baroda6.6%ICICI Bank6.6%
Top five share46.9% 47.3% 51.6% 55.1% 55.1%

Note(s): The table shows the share of deposits from the top five banks over the period 2013 to 2022. The share of deposits increased from 39.3% in 2013 to 55.1% in 2023

Source(s): Compiled by authors, Statistical tables related to banks in India (RBI, Database on Indian Economy)

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