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China's largest bank has an asset size that is 2x the total Indian GDP size?
Some data on the balance sheets of the biggest Banks in India, China, and the US, the size of their Economies, and banking Systems.
A short thread below, retweet for a wider reach :)
China's largest bank has an asset size that is 2x the total Indian GDP size?
Some data on the balance sheets of the biggest Banks in India, China, and the US, the size of their Economies, and banking Systems.
A short thread below, retweet for a wider reach :)
1/n
Industrial & Commercial Bank of China has assets of βΉ480 Lakh cr/~6 Trillion Dollars USD
India's FY22 GDP was 240 Lakh Cr/3.1 Trillion USD
Biggest Indian Banks and their Balance Sheet Size(Standalone) β
SBI β 52 lakh cr
HDFC Bank β 22.9 Lakh cr
ICICI Bank β 14.9 lakh cr
Industrial & Commercial Bank of China has assets of βΉ480 Lakh cr/~6 Trillion Dollars USD
India's FY22 GDP was 240 Lakh Cr/3.1 Trillion USD
Biggest Indian Banks and their Balance Sheet Size(Standalone) β
SBI β 52 lakh cr
HDFC Bank β 22.9 Lakh cr
ICICI Bank β 14.9 lakh cr
2/n
Few more Banks -
Bank of Baroda β 14 Lakh cr
PNB β 13.8 Lakh cr
Canara Bank β 13 Lakh cr
Union Bank β 12 Lakh cr
Axis Bank β 11.8 Lakh cr
Few more Banks -
Bank of Baroda β 14 Lakh cr
PNB β 13.8 Lakh cr
Canara Bank β 13 Lakh cr
Union Bank β 12 Lakh cr
Axis Bank β 11.8 Lakh cr
3/n
India Economy Size - Nominal GDP at Rs. 232.15 Lakh cr/ US$ 3.12 trillion in FY22
Total assets across the banking sector (including public and private sector banks) - $ 2.67 trillion /219 lakh cr (FY22)
Deposits - 2.1 trillion $ / 172 lakh cr (Sept 2022)
India Economy Size - Nominal GDP at Rs. 232.15 Lakh cr/ US$ 3.12 trillion in FY22
Total assets across the banking sector (including public and private sector banks) - $ 2.67 trillion /219 lakh cr (FY22)
Deposits - 2.1 trillion $ / 172 lakh cr (Sept 2022)
4/n
Biggest Chinese Banks and their Balance Sheet size β
#1 - Industrial & Commercial Bank of China β 480 Lakh cr/5.9 Trillion $
#2 - China Construction Bank Corp - 411.6 Lakh cr
#3 - Agricultural Bank of China- 368 lakh cr
#4 - Bank of China β 344 Lakh cr
Biggest Chinese Banks and their Balance Sheet size β
#1 - Industrial & Commercial Bank of China β 480 Lakh cr/5.9 Trillion $
#2 - China Construction Bank Corp - 411.6 Lakh cr
#3 - Agricultural Bank of China- 368 lakh cr
#4 - Bank of China β 344 Lakh cr
5/n
China Economy Size - Nominal GDP was Rs. 1502 Lakh cr/ US$ 18.32 trillion in FY22
Total assets across the banking sector β 4032 lakh cr/ 49.2 Trillion $ (end of 2020)
Deposits β 37 trillion $ / 3034 lakh cr (Dec 2022)
Chinese Bank data is few months old
China Economy Size - Nominal GDP was Rs. 1502 Lakh cr/ US$ 18.32 trillion in FY22
Total assets across the banking sector β 4032 lakh cr/ 49.2 Trillion $ (end of 2020)
Deposits β 37 trillion $ / 3034 lakh cr (Dec 2022)
Chinese Bank data is few months old
6/n
Biggest US Banks and their Balance sheet size β
#1 - JPM β 301 Lakh cr/ 3.67 Trillion $
#2 - Bank of America β 252 lakh cr/3.07 Trillion $
#3 - Citigroup β 189 lakh cr /2.3 Trillion $
#4 - Wells Fargo β 154 lakh cr / 1.88 Trillion $
US Data is for Dec 31, 2022 quarter
Biggest US Banks and their Balance sheet size β
#1 - JPM β 301 Lakh cr/ 3.67 Trillion $
#2 - Bank of America β 252 lakh cr/3.07 Trillion $
#3 - Citigroup β 189 lakh cr /2.3 Trillion $
#4 - Wells Fargo β 154 lakh cr / 1.88 Trillion $
US Data is for Dec 31, 2022 quarter
7/n
US Economy Size β 2107 Lakh cr/25.7 Trillion $
Total Banking Sector Assets β 1886 Lakh cr/ 23 Trillion $
Total Banking Sector Deposits β 1456 Lakh cr /17.76 Trillion $
US Economy Size β 2107 Lakh cr/25.7 Trillion $
Total Banking Sector Assets β 1886 Lakh cr/ 23 Trillion $
Total Banking Sector Deposits β 1456 Lakh cr /17.76 Trillion $
8/n
Note - one should understand that these 3 economies, their spending habits, and their lending habits are completely different
GDP per Capita, government spending, borrowing, consumer behavior, and perception towards borrowing differ a lot!
Note - one should understand that these 3 economies, their spending habits, and their lending habits are completely different
GDP per Capita, government spending, borrowing, consumer behavior, and perception towards borrowing differ a lot!
9/n
The US is a purely borrowing-based economy
Chinese Banks lend a lot to Govt. Infra projects - read Chinaβs great wall of debt to understand how the Govt. creates ghost cities to keep the economic engine and various sub-sectors running to show the world they are growing.
The US is a purely borrowing-based economy
Chinese Banks lend a lot to Govt. Infra projects - read Chinaβs great wall of debt to understand how the Govt. creates ghost cities to keep the economic engine and various sub-sectors running to show the world they are growing.
10/n
And of course, this is political too. Read the book. Also, watch youtube videos on Chinese Ghost cities.
Just wanted to present data on the Indian Banks v/s the World
Indian Banks have a lot of room to grow as our economy gets bigger and bigger!
And of course, this is political too. Read the book. Also, watch youtube videos on Chinese Ghost cities.
Just wanted to present data on the Indian Banks v/s the World
Indian Banks have a lot of room to grow as our economy gets bigger and bigger!
11/n
Trillion-dollar balance sheet for a single Indian bank is not a milestone that is very far π
Top 3 Indian banks - more than 1 trillion $ in assets
Top 12-13 Indian Banks - more than 2 Trillion $ in assets
Trillion-dollar balance sheet for a single Indian bank is not a milestone that is very far π
Top 3 Indian banks - more than 1 trillion $ in assets
Top 12-13 Indian Banks - more than 2 Trillion $ in assets
12/n
For all India Banks - Sept 2022 data, except for HDFCB which is the latest (Q3FY23)
For all China and US Banks - Sept 2022 data, taken from the investor relations section
For calculations, took -
1 USD = 82 INR
1 CNY/RMB = 12 INR
No reco on any names taken :)
For all India Banks - Sept 2022 data, except for HDFCB which is the latest (Q3FY23)
For all China and US Banks - Sept 2022 data, taken from the investor relations section
For calculations, took -
1 USD = 82 INR
1 CNY/RMB = 12 INR
No reco on any names taken :)
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