Here is the list of top 10 biggest banks in the world :

10. Commonwealth

Commonwealth bank located in Australia. It was founded in 1911 as the goverment bank and in 1991 it was transformed into public bank. Commonwealth bank is the Australia multinational bank and its business is across many countries like USA , United Kingdom, new Zealand , Fiji, Asia. This bank provide various services like banking, financial services like institutional and business banking and retail, insurance, investment, broking services and funds management. The market cap of the bank is $82.62

9. Citigroup

Citigroup bank is also one of the largest bank in the World and is situated in United States and its headquaters are situated in New York. It was founded on June16, 1812. the bank holds more than 200 million customer accounts across 140 countries and has around 160 offices worldwide. Citigroup bank celebrated its 200th anniversary this year. It mainly provide services like banking and Financial services. The market cap of the bank is $86.67.

8. Itau Unibanco

Itau Unibanco is one of the largest bank of Brazil and its headquarters is situated in Sao Paulo, Brazil. The bank was founded in 2008 and provide both banking and financial services to its customers. It has operations in many parts of the world like USA, Hong Kong, China, Japan, South America, England and in Asia. The market cap of this bank is $88.17.

7. Bank Of China

Bank of china is situated in China. It was founded in 1912 and its headquarters is situated in Beijing. It is owned by Government of the people’s Republic of China. It is one of the oldest banks of China. Its yearly market cap is $128.80. Bank of China has its operations in many countries like Singapore, Canada, New York and Tokyo. It offers many services to the customers like banking and financial services, mortgage banking, private banking, savings, securities, wealth management, asset management and corporate banking.. Li Lihui is the president of Bank Of China.

6. JP Morgan Chase

JP Morgan Chase is one of the largest bank of US. It is a multinational bank of America that deals in retail, investments and securities. It was founded in 2000 and its headquarters are located in New York. It mainly provide service like asset management, private banking, treasury services, private wealth management and securities services. It is also one of the Big Four Banks of US. The yearly market cap of this bank is $140.95.

5. Agricultural Bank of China

Agricultural Bank of  China is the international bank of china. It was founded in 1951 and its headquarters is situated in Beijing. It is also one of the “big Four’ of the republic of china. Zhang Yun is the president of this bank. It has its branches in many countries like Tokyo, New York, Sydney, Seoul and in London and has nearly 24,000 branches across the world. The annual market cp of this bank is $141.73.

4. HSBC Holdings

HSBC is one of the multinational bank of UK. It was founded in 1991 by Sir Thomas Sutherland. HSBC has its four group business like Global Banking, Commercial banking and markets, Retail Banking, Wealth Management and Global Private Banking. The annual market cap is $150.90. It has around 75 offices around different countries. The bank headquarters is located in London. HSBC holding is also one of the oldest and largest bank of  Hong Kong and was established in 1865.

3. Wells Fargo & Co

Wells Frago & Co is one of the multinational bank of US. It was founded on march18, 1852 in New York and is the second largest bank in home mortgage servicing, deposits and debit cards. The headquarter of the bank is located in San Francisco, California. In 2007 Wells Fargo was the only bank in US to be rated as AAA by S&P. It has more than 9,000 retail branches and 70 millions customers worldwide. The annual market cap of the bank is $160.72.

2. China Construction Bank

This multinational bank has its headquarters located in Beijing, China. In 2011, it was declared as the second largest bank in the world by market capitalization and was declared as 13th largest company in the World. Bank has its offices across different parts of the world like Hong Kong, New York, Singapore, Tokyo, Sydney and also in London. It was founded in 1954 by Wang Hongzhang. Earlier the bank was named as ‘ People’s construction bank of china’. The annual market cap of the bank is $195.85. 

1. Industrial & Commercial Bank of China (ICBC)

ICBC is the world largest bank in the world. It was founded in 1984 in Beijing, China. it is the largest bank of the world in the terms of market capitalization and profits. In 2011 it ranked no.11 by its great increase in profits and market cap has made it to ranked no.1 in the list. The annual market cap of the bank is $240.95.

Banks help the entire nation in any financial crunch. People usage bank to put their money at safe place so that they can have a sound sleep without worrying about their money. Here are the list of  banks in India which tops as per their status and growth.

10.) Canara Bank (www.Canarabank.in)

This is a public bank founded as the Canara Bank Hindu Permanent fund in 1906 with names changed till now as Canara bank (1969). The bank trades as (BSE: 532483, NSE: CANBK). The bank was founded by Ammembal Subba Rao Pai, in Mangalore, India. After the order from RBI, it accquired G.Raghumathmul Bank, in Hyderabad. The present CMD of the bank is Sunderrajan Raman. The bank provides a key feature in different type of banking segment. The recent revenue of bank was about Rs. 257.92 billion and the total asset of the bank is estimated about Rs. 3.2864 trillion in the year 2011.The current employee count is 44,450.

9.) Bank of India (www.bankofindia.com)

A state owned bank established on 7 September 1906, with the headquarters at Mumbai, India. Alok Kumar Misra is the CMD of the bank. The bank specializes in commercial banking , Asset management, mortgages and other banking product. The recent revenue collection grossed Rs. 24,393.50 crore with the total asset estimated about Rs. 364,554.68 crore. Incorporated as a financial services bank, it trades as Public (BSE: BOI).

8.)  IDBI bank (www.idbi.com)

IDBI bank Ltd. is an Indian financial service sector bank with its headquarter at Mumbai. India.  Under the Act of Parliament in year 1964, it was established with a motto to provide credit facilities and many other providing for the development of the fledgling Indian Industry. The bank trades as Public (BSE: 500116‎). R M Malla is the CMD of the bank. The Bank is specially work for the Industries and have various product design for different type of Industries. This bank also serve for personal banking , private equity, wealth management. Taking the revenue concern, the bank grossed Rs.20,858 crore as the annual revenue for the year 2011. The total asset of the bank is estimated about Rs. 253,116 crore. Employee count for the last year was 14k.

7.) Citibank (www.citibank.com/india)

A subsidiary of the Citigroup, the bank was founded in 1812 as the City Bank of New York. It is the third largest holding company in US in terms of total asset possession after Bank of America and JP Morgan Chase. The Bank is operational in more than 100 countries total of 1400 offices all around the globe. Having established in year 1902 in India, the bank has grown to new heights. Pramit Jhaveri si the Citi Country Officer, India. The key features of bank includes credit cards, Loans, Investments, and NRI banking-cum-Insurance. Anand Selva, the Country Business Manager of India.

6.) Bank of Baroda  (www.bankofbaroda.com)

The Highest profit making bank of india and the third largest PSU bank in terms of number of business in India. A total asset of handsome figures of Rs. 3.58 Lacs crore, it has a networl of approximately 4000+ branches and over 2000 ATMs. Area os services covered is global and worldwide. M.D. Mallya is the chairman and MD of the bank. The bank trades as BSE: 532134.  The bank was founded on 20 July 1908 by The Maharajah of Baroda, Sir Sayajirao Gaekwas III, Peshwa of the Maratha Empire. After the nationalization, along with 13 other major banks, it became a govt. bank.

5.) The AXIX BANK (www.axisbank.com)

The AXIX bank was came in functioning in year 1994 after the RBI ordinance. The bank is administrated by so many other bodies of INDIA. UTI,LIC,GIC and other PSU. The bank was known before with name of UTI bank. The Axix bank is having more than 1600 branches which is spread in all over the India. The bank is having its headquarter functioning in Ahemdabad. The bank provides 24 hours services to its customer via different way..

4.) ICICI BANK( www.icicibank.com)

The ICICI bank is having total assets of US$ 93 billion. The services of this bank are given to the customer from its wide networks of its branches having a total of 2,766 all over the India. This is the first bank which came with the facility of 8 to 8 banking for its customers. The bank is having verity of product for every customer need. Recently ICICI bank has take over THE BANK OF RAJASTHAN. due to which the bank was in headline for a period of time.

3.) Punjab National Bank (www.pnbindia.in)

PNB is the Indian financial Public sector bank, established in 1895. The bank is having its more than 5000 branches with a employee total of 56,928 in 2011. The bank asset for the year 2011 has been estimated about Rs. 373,786 and the revenue collection for the last year was grossed Rs. 36,428 crore. It serves for more than 37 million customers round the globe making it the second largest state owned commercial bank ahead of BOB. The headquarters of bank is in New Delhi, India. K R Kamth is the Chairman and MD of the bank presently. This bank come with different scheme and product time to time.

2.) HDFC Bank (www.hdfcbank.com)

The  The Housing Development Finance Corporation Limited(HDFC) bank giving its services in India from last 18 years. This is the first bank which came into services after receiving permission from RBI to start a private sector bank. The HDFC bank has received 9 awards in year 2012 and yet more to be count,and more than 15 awards in year 2011 and the list goes on. The bank have different product and finance scheme for every segment of customers. The HDFC bank is operating with 2544 branch around the India.

1.) State Bank of India  (www.statebankofindia.com)

The bank was founded in 1806 with the name of Imperial Bank of India and on 1 July 1955, The Govt. of India nationalized the bank with the Reserve Bank of India taking a 60% stake and rename it the State bank of India. In 2008, the govt. took over the stake held by Reserve Bank of India. Pratip Chaudhuri is the Chairman of the bank presently. The bank trades as a public sector bank in NSE: SBIN, BSE: 500112, LSE: SBID, BSE SENSEX Constituent. The headquarters of the bank is in Mumbai, India. The bank deals in with almost all banking features. The recent revenue for the year 2012 is US $ 37 billion. The bank owns an asset of approximately US $ 20/854 billion with a employee count of more than 292k. State bank of India, tops the list of the best bank in India.

10.) Jammu & Kashmir Bank

The Bank was founded on 1st October 1938 and funded by the then Maharaja of J&K, Hari Singh. The bank started business on July 4, 1939. This is was the firsy state owned bank of its kind and privately funded bank of India. The bank faced severe problems just after the independence because its three branches Muzzaffarabad, Rawalakot and Mirpur fell in to the other side of LOC (line of control) now in Pakistan administered Kashmir, along with total cash and other assets. In recent times, Dr Haseeb Drabu was the chairman and chief executive of bank from 2005-2010. Traded as NSE: J&KBANK, BSE: 532209, it is a financial servicing bank with headquarters in Srinagar. The present Chairman and CEO of the bank is Mushtaq Ahmed. The key features of bank includes Credit cards, Customer banking, finance and insurance, mortgage loans and private banking. It has a employee strength of around 9000.

9.) Federal bank

One of the major bank funded privately in India is Federal Bank, a kind of commercial bank with its headquarters at Aluva, Kochi, Kerala. Presently bank has its more than 1000 branches all over India. Founded in Kochi in the year 1945, the bank trades as NSE: FEDERALBNK, BSE: 500469 and LSE: FEDS. The Present CEO of the bank is Shyam Srinivasan. The main features of the bank includes Loans and Savings.

8.) Induslnd bank

The Mumbai based bank of India is a new generation bank established in 1994. The bank’s main feature include commercial banking, transactions, electronic banking products and services. The bank is owned by Hinduja Groups. The headquarters of bank is in Mumbai, Maharashtra, India. The recent revenue went about US $90.15 millions which in approximately Rs. 3260.47 crore in Indian Currency. One of the main slogans used by the bank is ” We care… dil se and we make you feel richer “.

7.) Dhanlaxmi bank

One of the oldest private sector bank in India having its headquarters in Thrissur City, Kerala, India. Founded in the year 1927, the bank was established with the motto of focusing mostly on Southern states like Karnataka, Tamil Nadu, Andhra Pradesh and Kerala but to the present scenario the bank is looking to expand its empire in entire India. Trades as BSE: 532180, NSE: DHANBANK), the bank key features include its services in banking and financial services with those of insurances. The company is headed by GN Bajpai and PG Jayakumar. Today, the bank owns 275 branches and 404 ATM’s spread over many states.

6.) ING Vysya Bank

A Bangalore based private and retail, commercial bank was formed in year 2002 with the merge of Dutch ING Group and Indian Vysya bank and now ING-Group subsidiary Belgian Bank Bruxelles Lambert. This was the first merger made between an Indian bank and foreign bank. The bank’s headquarters is located in Bangalore, India. The CEO and MD at present is Shailendra Bhandari and the Chairman of the Board id Arun Thiagarajan. The current revenue recorded was US $320 million. The total assets possessed by the bank costs around US $8.43 billion. The employee strength is approximately 6500. the bank trades as BSE: 531807.

5.) Yes Bank

A private bank of India, founded by Late Mr. Ashok Kapur. The bank trades as Private (BSE: 532648) since year 2003-04. The bank is having its headquarters in Mumbai, India. The CEO and MD of the bank is Dr Rana Kapoor. The key features include corporate, institutional banking, financial markets, investments banking and NRI banking as well.

4.) AXIS Bank

A public private sector bank founded in year 1994 and first branch was inaugurated in April 1994 in Ahmadabad by Dr. Manmohan SIngh, then the honorable Finance Minister. The bank, as on 31st March 2012 is estimated to have Rest. of around Rs.413.20 crores with the public holding at 54.08%.

3.) KOTAK Mahindra Bank

An Indian financial service private bank in India founded in the year 1985 as Kotak Mahindra Finance Ltd, the then a non-banking ffinancial ltd. In year 2003, the company was given the banking license to carry on banking business by the Reserve Bank of India(RBI). In the history of banking, this was the first company to be converted to bank. The net revenue for the current  was recorded about Rs. 10.963 crore for year 2011 and the net income grossed around Rs. 1569 crore.  The Vice Chairman and MD of the Bank is Uday Kotak.

2.) HDFC Bank

The financial bank of India, privately funded and founded  in the year 1994, with the headquarters in Mumbai, Maharashtra, India. The area covered by the bank is worldwide and the MD of the bank is Aditya Puri. The products issued by the bank is Credit cards, consumer banking, corporate banking, insurance investment banking. The bank trades as BSE: 500180, NSE: HDFCBANK, NYSE: HDB and BSE SENSEX Constituent. The recent revenue collection was US $ 6.480 billion for year 2012 and the profit was grossed about US $ 977 million. The employee count is 66076 (2012) and the net assets possessed by the bank is US $ 7.754(2012).

1.) ICICI Bank

The bank which tops the list is ICICI bank. It is an Indian diversifies financial service bank with the headquarters in Mumbai, India. The bank was founded in year 1955 and serves worldwide. In India, the chairman of the bank is K.V.Kamath and MD and CEO of the bank if Chanda Kochhar. The bank includes the features of all banking products and provides banking in each and every sectors. The bank has its subsidiaries in UK, Russia, Canada and many branches in USA, Singapore, Bahrain, Hon-Kong, Sri Lanka, Qatar and Dubai. Taking concern of the bank’s the recent revenue for the year 2011 it was US $ 13.812 billion and the total assets owned by the bank is US $ 119.69 billion with the total equity of US $ 12.401 billion. The total number of employees employed was 79,978 for the recent year 2011 which had grossed to new heights in year 2012.

10. MassMutual Insurance

Mass Mutual financial Group was established way back in 1851and over the years, the company has gone through a lot of ups and downs due to the volatile market conditions. The policies provided by the company are very functional and comprehensive. The high point about this insurance is its reliability. This is a brand which you can completely trust.

9. The Hartford Insurance

The Hartford is one of the top insurance companies in the United States and finds a place in the Fortune 500 list. The company has over one and a half million customer and as raked in $21.9 billion revenue in 2011. The company provides life insurance, employee benefits, group insurance, homeowners policies, auto policies, business insurance as well as other plans such as college savings, mutual funds, annuities and investment products.

8. AIG Insurance

AIG or American International Group is a reputed name in the insurance sector not only in United States but in more than one hundred and thirty countries around the world. The company caters to individuals as well as commercial business groups. The company specializes in property casualty insurance and offers some of the best policies in this genre. Retirement plans and life insurance by AIG are also well known. The brand is highly reliable.

7. MetLife Insurance

Metlife is also one of the best insurance companies in the world. It provides flexible policies for a wide range of requirements. Life insurance, health and accident insurance, disability income insurance and auto and home insurance are some of the regular policies offered by the company. Besides these, Metlife also provides credit insurance to protect your debts in case you are unable to repay the outstanding amount. Retirement plans from Metlife are also excellent. Retirement savings and planning policies soundly secure your old age.

6. Farmers Insurance Group

Farmers is an American insurance corporation with its head quarters in Los Angeles, California. It is controlled by Zurich Financial Services. The policies provided by the company include commercial plans, auto plans, life insurance and several other kinds of functional policies. Homeowners insurance from the Farmers Group is especially renowned. At last count, the company had over twenty million policy holders. The network of the company is spread all over the country and its employs twenty four thousand people with another fifty thousand independent insurance agents.

5. Fidelity Insurance

Fidelity Insurance Company Ltd is a leading insurer of the world. The specialty of the company lies in its cost effective insurance solutions. The insurance company provides comprehensive policies in various spheres including international insurance strategies for tax reduction on properties and income generating assets outside the United States.

4. Prudential Insurance

Prudential has a long history. Established nearly one hundred and thirty five years ago, Prudential Financial Inc provides well defined insurance plans and is known as a very reliable rock solid insurer. The operations of the company are spread across the United States, Latin America, Europe and Asia.

3. Travelers Insurance

Travelers Insurance is known to adopt a very scientific approach towards insurance. recognized as being one of the best in the industry, Travelers Insurance aims at making continuous innovations in order to provide the best for its customers. The company was the first insurer to provide discounts in insurance for hybrid cars and offer insurance for space travel

2. State Farm Insurance

State Farm insurance is a comprehensive insurance provider. It provides everything from life insurance, business insurance, health insurance, long term care insurance and car insurance to boat insurance, condo insurance and Medicare Supplement Insurance. Retired farmers established the company in 1922. Over the years, the company has grown in leaps and bounds and finds a place in the list of biggest companies of Fortune 500. It has been placed at #34.

1. Allstate Insurance

In the United States, Allstate Corporation is the biggest publicly held personal lines insurer. The operations of the company are spread to Canada as well. Established in 1931, Allstate Corporation is now the second biggest insurer of personal lines in USA. The headquarters of the company is in Illinois. The company offers a wide range of insurance policies and has revenue of $32 billion.

1. To Pay for Funeral Expenses

Nobody can escape death. It is waiting for everyone. One of the aspects of life insurance is that in the event of your death, your family will then receive money to help pay for the funeral expenses. They expenses can add up very quickly to be over $10,000. With a life insurance policy you do not have to leave your family with the burden of that large of an expense, especially if your finances are lean as it is.

2. Help Your Family’s Future Needs

Another reason for buying life insurance is to help your family’s future needs. Leaving your loved ones behind is hard enough, but what if you were the only bread winner in the family? Your spouse will then have to find a job quickly, or have to look at a second job. This can add even more stress to an over-stressed situation. Life insurance can help your family to pay bills, make investments, and provide for a more stable future.

3. Future Education Expenses for Children

Besides just planning for the future financial stability of your family, you should also think about the continuing education of your children. Life insurance is also a great way to help provide for college tuition for your children. While you may not die before your kids go to college, many life insurance companies allow you to take money out of your plan for just this reason.

4. You May Not Pass Physical Later

Many times a life insurance company will deny someone insurance because of their health. This sounds crazy, but what they are doing is protecting themselves from your sudden death. Again, this sounds crazy, but to the life insurance company it makes perfect sense. If you wait to purchase life insurance when you are sick and dying, they know they will have to pay soon. But, if you purchase when healthy, they are betting (with your life) that you will be around for a bit longer.

5. Life Insurance Provides Sound Mind

When you purchase life insurance you are then able to live a much happier life. The stress, and the burden, of wondering how your family will make in the event of your death has been taken care of. Because of the money that is paid out with life insurance you do not have to work as hard to put enough away in savings. You can now enjoy your life with your family and build memories instead.

6. To Bring Comfort in Time of Mourning

One of the hardest moments in life is during the death of a family member. It is hard on the immediate family as they not only cope with the loss in their life, but also having to relive it while others try to comfort them. The last thing that they want is the added stress of money. Life insurance is that comfort that eases some of their pain during a very tough time.

7. Planning for Retirement Rather than Death

Another component of life insurance that many companies make available is the availability of a savings or retirement plan. Not only are you protected in the event of death, but you also have security in your elderly years through a retirement payout. This is an attractive feature that many people agree is the reason that they bought a particular life insurance.

8. Improve Credit Rating

Having a life insurance policy is looked at as another source of income. As long as you keep your life insurance policy current it can help keep your credit rating higher. In the event you are making large purchase such as a home, car, or some other loan, the life insurance is a sort of silent partner.

9. Show Family Values to Children

The greatest achievement that a parent can make in the life of their children is being an example of family values and financial responsibility. By talking about the life insurance policy with your children you are teaching them by example what they should also do when they get older. This is a great lesson for many and even begins the conversation of the eventuality of death.

10. Buy Life Insurance Because You Love Your Family

A family is more than just a group of people who live together. They are a group of people who are building their life with love as its foundation. By purchasing life insurance you are not only showing your family that you love them, but are leaving a legacy as to that love. In the event that you do pass away, they can remember that you cared for them in life and even after you have gone.

Life insurance should not be looked upon as an optional purchase. It is a necessity that shows your family that you care enough about them to take care of them even after your death. While it is not fun to think about death, it is important to think about what will be left once you are gone. These top 10 reasons to get life insurance are only a small sampling of why it is important.