What Banks in India Were the Most Profitable in 2018?

Top Banks by Net Profit (INR bil)
Banking | India | November 05, 2019
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Excel Sheet

Based on a comparison of 26 banks in India, HDFC Bank produced the highest net profit in 2018, followed by Kotak Mahindra Bank and Axis Bank.

HDFC Bank made a net profit of INR 223 bil, up 20.7% compared to the previous year. Historically, the bank’s net profit reached an all time high of INR 223 bil in 2018 and an all time low of INR 8.82 bil in 2005. The average profit in the last five years amounted to INR 159 bil.

The bank generated an average return on equity of 18.4% for its shareholders in the last five years with a maximum of 19.9% and a minimum of 16.9%.

Comparing HDFC Bank with its closest peers, Kotak Mahindra Bank generated a net profit of INR 72.0 bil with a ROE of 13.2% in 2018, Axis Bank netted INR 50.4 bil (ROE of 7.62%) and ICICI Bank announced a net profit of INR 42.5 bil giving a ROE of 3.58%.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Indian banks in the report section.

Net Profit Unit 2011 2012 2013 2014 2015 2016 2017 2018
Axis Bank INR bil 52.3 63.1 74.5 83.5 39.5
Bandhan Bank INR bil ... ... ... ... 2.75 11.1
Bank of Baroda INR bil 48.0 50.0 39.1 -50.7 18.1
Bank of India INR bil 28.2 29.9 20.1 -62.0 -14.7
Bank of Maharashtra INR bil 7.69 3.99 4.65 1.18 -13.6
Canara Bank INR bil 29.7 26.3 28.6 -26.1 13.6
Central Bank of India INR bil 10.7 -12.1 6.66 -14.0 -24.6
City Union Bank INR bil 3.22 3.47 3.95 4.45 5.03
DCB Bank INR bil ... ... ... 1.91 1.95 2.00
Dhanlaxmi Bank INR bil 0.026 -2.52 -2.41 -2.09 0.124
Federal Bank INR bil 8.53 8.50 10.6 4.86 8.67
HDFC Bank INR bil 68.7 87.4 107 128 153
ICICI Bank INR bil 96.0 110 122 102 102
IDBI Bank INR bil 18.9 11.5 9.42 -35.9 -50.2
IDFC First Bank INR bil ... ... ... ... 4.67 10.2
Indian Bank INR bil 16.1 11.9 10.5 7.51 14.5
Indian Overseas Bank INR bil 5.67 6.02 -4.54 -29.0 -34.2
IndusInd Bank INR bil ... 10.6 14.1 17.9 22.9 28.7
Kotak Mahindra Bank INR bil 21.9 24.6 30.5 34.6 49.4
Lakshmi Vilas Bank INR bil 0.916 0.597 1.32 1.80 2.56
Punjab & Sind Bank INR bil 3.39 3.01 1.21 3.36 2.01
Punjab National Bank INR bil 49.5 36.2 34.0 -36.9 8.49
State Bank of India INR bil 179 142 170 122 2.41
UCO Bank INR bil 6.18 15.1 11.4 -28.0 -18.5
Union Bank of India INR bil 21.6 16.8 17.6 13.6 5.73
Yes Bank INR bil 13.0 16.1 20.0 25.3 33.4
AVERAGE INR bil 28.1 30.4 29.0 30.7 10.8 13.6 -5.43 -0.839