Which is the highest bank in the banking system of India?

Explanation

As the Government’s banker and the bankers’ bank, the Reserve Bank of India (RBI) is the topmost bank in India’s banking system. The RBI, responsible for issuing currency notes and controlling monetary credit, was established on 1 April 1935 and was nationalised in 1949. In April 2020, on the basis of total assets, India’s State Bank of India (SBI) ranked 55th among the world’s top 100 banks. As per the reports released in April 2025 and April 2024, SBI’s ranking was 43rd and 47th respectively. During the same period, HDFC Bank Ltd.’s ranking was 73rd and 74th respectively.