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Top 10 largest banks in the world by market cap (2025): Indian bank in the global 10

Top 10 largest banks in the world by revenue: India's largest bank and second most valuable company by market cap, HDFC Bank, with a market cap of $184.44 billion as of May 2, 2025, has been neck-to-neck with Goldman Sachs.

Top 10 banks in the world in 2025 (Source: Adobe Stock)Top 10 banks in the world in 2025 (Source: Adobe Stock)

Top 10 banks in the world in 2025: The global banking industry continues to hold a dominant presence worldwide, with institutions managing assets worth trillions of dollars. According to a report by Statista, the sector’s net interest income is projected to rise to $8.94 trillion by 2025.

However, the global financial market experienced significant volatility and fluctuations, largely influenced by growing concerns about a potential global recession and uncertainty surrounding US President Donald Trump’s extensive tariff policies.

The United States of America-based JP Morgan Chase is the world’s largest bank in terms of market capitalisation, and is also the largest bank in the US in terms of total assets.

Meanwhile, India’s HDFC Bank, following its merger with HDFC Ltd., has become the largest bank in India and the tenth-largest globally. As of May 2, 2025, it holds a market cap of $184.44 billion, edging close to Goldman Sachs, which trails at $172.12 billion, according to the latest data.

While American banks continue to dominate the rankings, Chinese banks occupy four of the top ten spots, with the Industrial and Commercial Bank of China (ICBC) emerging as the largest in Asia. According to Forbes, ICBC held the third spot globally until March 2025. However, the latest figures from companiesmarketcap.com place ICBC in second place, surpassing Bank of America, with a market cap of $320.05 billion.

Top 10 largest banks in the world by market cap (2025)

Here’s a table enlisting the world’s top ten largest banks in 2025, ranked by their market caps

Rank Bank Market Cap Headquaters
1. JPMorgan Chase $686.13 billion New York, USA
2. Industrial and Commercial Bank of China (ICBC) $320.05 billion Beijing, China
3. Bank of America $302.55 billion North Carolina, USA
4. Agricultural Bank of China $256.80 billion Beijing, China
5. Wells Fargo $233.68 billion California, USA
6. China Construction Bank (CCB) $216.53 billion Beijing, China
7. Bank of China $207.13 billion Beijing, China
8. HSBC $197.07 billion London, England
9. Morgan Stanley $187.63 billion New York, USA
10. HDFC Bank $184.44 billion Mumbai, India

Source: companiesmarketcap.com

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Note: Market capitalisation is dynamic and varies with the share price of a firm. It might change dramatically over time or even from day to day, with the aforementioned market capitalisation has been noted as of May 2, 2025.

JPMorgan Chase

JPMorgan Chase (Source: Reuters)

JPMorgan Chase, the largest bank in the US, ranks as the fifth-largest globally by total assets. Renowned for its strong presence in investment banking and financial services, the bank is also one of the early adopters of the Federal Reserve’s new real-time payment platform, known as the FedNow system.

Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China (ICBC) (Source: Shutterstock)

The Industrial and Commercial Bank of China Limited (ICBC) holds the title of the largest bank not only in the People’s Republic of China but also globally, when measured by total assets which amounts to $6.898 trillion. As one of the world’s leading financial institutions, ICBC consistently ranks among the top global lenders, standing shoulder to shoulder with major players like Bank of America.

Bank of America

Bank of America (Source: @FearedBuck/X)

Bank of America has a strong foothold in investment banking, wealth management, and trading, catering to over 68 million individual customers and more than three million small businesses. It ranks as the third-largest bank globally. With a market capitalisation of $302.55 billion, it is also among the most valuable companies worldwide, placing 30th on the global list.

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Agricultural Bank of China

Agricultural Bank of China

Founded in 1979, the Agricultural Bank of China ranks as the world’s fourth-largest bank. According to its most recent financial reports, the bank has posted earnings of $43.41 billion. While it plays a key role in financing and developing China’s agricultural industry, its operations also extend internationally, with a presence across the Asia-Pacific region, the Middle East, Europe, and the Americas.

Wells Fargo

Wells Fargo (Source: Reuters)

Wells Fargo and Company, a major American financial institution, provides a wide range of services including mortgage lending, equipment leasing, insurance solutions, and more across approximately 35 countries. It is one of 34 banks and credit unions that have partnered with JPMorgan to adopt the FedNow instant payment system. With a customer base exceeding 70 million, Wells Fargo ranks among the top five largest banks in the US.

China Construction Bank (CCB)

China Construction Bank (CCB)

China Construction Bank (CCB) plays a key role in supporting China’s infrastructure and development initiatives. As one of the country’s top commercial banks, CCB serves around 3.48 million corporate clients, making it the second-largest bank in China after ICBC. Through its subsidiaries, CCB maintains a broad presence across multiple sectors, including energy, retail, leisure, software, and more.

Bank of China

Bank of China (Source: WSJ)

As one of China’s most historic financial institutions, Bank of China has built a strong global footprint over the years. Originally launching its operations in Hong Kong, the bank now conducts its financial market activities through five key international hubs: Beijing, Shanghai, Hong Kong, New York, and London. A core mission of the Bank of China is to support the country’s economic development by ensuring currency stability and fostering growth.

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HSBC

HSBC (Source: Unsplash)

Originally founded in Hong Kong and Shanghai, and now based in the United Kingdom, this British banking giant holds the position of the 8th largest bank globally. As a leading provider of banking and financial services, HSBC supports approximately 42 million customers across 62 countries. With a strong international presence, the bank also operates in India, offering a wide range of financial products and gradually expanding its personal banking customer base in the country.

Morgan Stanley

Morgan Stanley (Source: iStock)

Morgan Stanley, a prominent American investment bank and financial services firm, is deepening its longstanding partnership with Mitsubishi UFJ Financial. After 15 years of collaboration, the two institutions have revealed plans to expand their alliance by entering new areas, including foreign exchange trading and Japanese equities and research, with the aim of serving a broader international clientele.

HDFC Bank

HDFC Bank (Source: Freepik)

Following its merger with HDFC Ltd., a prominent housing finance company, HDFC Bank has emerged as the largest bank in India and the tenth largest globally. In terms of market capitalisation, it ranks as the second-most valuable company in India, currently valued at $187.65 billion. With a significant footprint in both retail and corporate banking, HDFC Bank provides an extensive array of financial products and services.

Cherry Gupta is an Assistant Manager – Content at The Indian Express. She leads the Top 10 section, curating list-based features on key national and international developments, and manages daily news content. She also produces SEO-driven articles and collaborates with the Lifestyle team to conduct interviews with notable artists and write workplace culture features. ... Read More

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