State Bank of India has announced that it has become the largest lender of the country with total business crossing over Rs 13, 78,000 crore for the financial year 2009. It was the clear winner among the Indian Banks in terms of total business as no other bank has even nearer to the figure that SBI has produced during this period of time.

Punjab National Bank has become the second largest bank of the country replacing private sector giant ICICI Bank. PNB has touched Rs 4, 35,000 crore for the fiscal in terms of total business with total deposits and loans.

The ICICI Bank has reported to have a total business of Rs 3, 83,223 crore for the same fiscal year.

The total deposits of ICICI Bank were Rs 2, 02,017 crore while total advances were Rs 1, 81,206 crore. PNB has managed to register a 20% increase in total business during the current fiscal.

So far as other public sector lenders are concerned, Bank of Baroda and Canara Bank had also surpassed the Rs 4 lakh crore figures in total business.