What Banks in India Were the Most Cost Efficient in 2018?

Top Banks by Costs As % Of Income
Banking | India | November 05, 2019
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Excel Sheet

Based on a comparison of 26 banks in India in 2018, ICICI Bank was the most cost efficient bank, followed by UCO Bank and Bandhan Bank.

ICICI Bank's cost to income ratio reached 14.1% in 2018, down from 22.3% when compared to the last year. Historically, the bank’s costs reached an all time high of 48.5% in 2013 and an all time low of -9.45% in 2002.

When compared to total assets, bank's cost amounted to 1.39% in 2018, down from 1.04% a year earlier.

Comparing ICICI Bank with its closest peers, UCO Bank operated in 2018 with a cost to income ratio of 28.1%, Bandhan Bank reached 32.1% and HDFC Bank some 40.1%.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Indian banks in the report section.

Costs (As % Of Income) Unit 2011 2012 2013 2014 2015 2016 2017 2018
Axis Bank % 45.8% 44.3% 42.6% 37.3% 43.3%
Bandhan Bank % ... ... ... ... 56.9% 36.6%
Bank of Baroda % 46.7% 48.1% 47.7% 62.6% 45.5%
Bank of India % 45.6% 47.9% 52.4% 59.9% 49.2%
Bank of Maharashtra % 45.6% 54.5% 51.8% 52.1% 61.0%
Canara Bank % 46.4% 46.7% 50.5% 50.9% 48.5%
Central Bank of India % 57.0% 74.3% 33.2% 20.6% 67.3%
City Union Bank % 41.7% 45.2% 42.8% 51.8% 54.7%
DCB Bank % ... ... ... 58.8% 58.4% 60.0%
Dhanlaxmi Bank % 88.0% 131% 87.2% 99.9% 78.8%
Federal Bank % 45.3% 66.5% 50.5% 57.2% 53.4%
HDFC Bank % 50.8% 44.6% 44.6% 44.6% 43.3%
ICICI Bank % 47.9% 48.5% 47.8% 32.6% 37.9%
IDBI Bank % 36.8% 36.6% 40.6% 43.2% 52.4%
IDFC First Bank % ... ... ... ... 62.7% 65.4%
Indian Bank % 60.9% 65.1% 63.3% 51.3% 65.3%
Indian Overseas Bank % 55.6% 48.4% 55.8% 63.5% 57.4%
IndusInd Bank % ... 48.9% 46.6% 46.3% 47.0% 46.8%
Kotak Mahindra Bank % 63.3% 61.4% 63.9% 62.4% 61.4%
Lakshmi Vilas Bank % 57.4% 55.2% 53.5% 57.1% 50.7%
Punjab & Sind Bank % 63.5% 63.1% 69.4% 51.7% 54.6%
Punjab National Bank % 42.6% 44.7% 45.9% 44.1% 38.9%
State Bank of India % 57.3% 61.4% 60.9% 55.0% 59.2%
UCO Bank % 55.2% 52.1% 53.7% 47.4% 55.9%
Union Bank of India % 54.0% 57.5% 54.6% 54.0% 51.9%
Yes Bank % 38.3% 40.6% 41.4% 41.2% 41.6%
AVERAGE % 52.9% 51.9% 55.8% 52.5% 52.5% 53.1% 52.5% 57.0%