While many companies are having financial problems, some are sitting on huge piles of cash.
Let's take a look at 30 Indian companies that have huge cash reserve.
Note: The figures are based on March 2011 HDFC Securities' data.
1) State Bank of India
Cash: Rs 3,10,654.90 crore (Rs 3.106 trillion)
State Bank of India is the largest banking and financial services company in India by revenue and total assets. It's a state-owned corporation with its headquarters in Mumbai, Maharashtra.
30 Indian companies with highest cash reserve
Bank of Baroda
Cash: Rs 1,02,847.46 crore (Rs 1.028 trillion)
Bank of Baroda is the third-largest bank in India, after the State Bank of India and the Punjab National Bank. BoB is ranked 763 in Forbes Global 2000 list.
30 Indian companies with highest cash reserve
ICICI Bank Ltd
Cash: Rs 78,770.52 crore (Rs 787.705 billion)
ICICI Bank Ltd is a diversified financial services company headquartered in Mumbai, Maharashtra. It is the second-largest bank in India by assets and third-largest by market capitalisation.
30 Indian companies with highest cash reserve
Bank of India
Cash: Rs 75,392.72 crore (Rs 753.927 billion)
Bank of India is a state-owned commercial bank with headquarters in Mumbai. Government-owned since nationalisation in 1969, It is India's fourth-largest bank.
30 Indian companies with highest cash reserve
Canara Bank
Cash: Rs 61,543.30 crore (Rs 615.433 billion)
Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country.
30 Indian companies with highest cash reserve
Punjab National Bank
Cash: Rs 60,182.60 crore (Rs 601.826 billion)
Punjab National Bank is an Indian financial services company based in New Delhi, India. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London.
30 Indian companies with highest cash reserve
HDFC Bank Ltd
Cash: Rs 59,676.56 crore (Rs 596.765 billion)
HDFC Bank Limited is an Indian financial services company that was incorporated in August 1994. The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India.
30 Indian companies with highest cash reserve
Coal India Ltd
Cash: Rs 45,862.28 crore (Rs 458.622 billion)
Coal India Limited is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal. It was formerly owned entirely by the Union Government of India, under the administrative control of the Ministry of Coal.
30 Indian companies with highest cash reserve
Axis Bank Ltd
Cash: Rs 42,817.30 crore (Rs 428.173 billion)
Axis Bank Limited is an Indian financial services firm that had begun operations in 1994, after the Government of India allowed new private banks to be established.
30 Indian companies with highest cash reserve
IDBI Bank Ltd
Cash: Rs 41,833.96 crore (Rs 418.339 billion)
IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an "other public sector bank".
It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.
30 Indian companies with highest cash reserve
Union Bank of India
Cash: Rs 40,265.66 crore (Rs 402.656 billion)
Union Bank of India is one of India's largest state-owned banks (the government owns 55.43 per cent of its share capital), is listed on the Forbes 2000.
30 Indian companies with highest cash reserve
Oriental Bank of Commerce
Cash: Rs 38,177.46 crore (Rs 381.774 billion)
Oriental Bank of Commerce made a beginning under its Founding Father, Late Rai Bahadur Lala Sohan Lal, the first Chairman of the Bank.
Within four years of coming into existence, the Bank had to face partition. Branches in the newly formed Pakistan had to be closed down and the Registered Office had to be shifted from Lahore to Amritsar.
30 Indian companies with highest cash reserve
UCO Bank
Cash: Rs 33,960.88 crore (Rs 339.608 billion)
Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India.
30 Indian companies with highest cash reserve
Central Bank of India
Cash: Rs 30,565.96 crore (Rs 305.659 billion)
Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai.
30 Indian companies with highest cash reserve
Reliance Industries Ltd
Cash: Rs 30,139.03 crore (Rs 301.390 billion)
Reliance Industries Limited is an Indian conglomerate company headquartered in Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and telecom/broadband business.
30 Indian companies with highest cash reserve
Oil & Natural Gas Corpn Ltd
Cash: Rs 28,688.26 crore (Rs 286.882 billion)
Oil and Natural Gas Corporation Limited is an Indian state-owned oil and gas company headquartered in New Delhi, India.
30 Indian companies with highest cash reserve
Indian Overseas Bank
Cash: Rs 24,037.30 crore (Rs 240.373 billion)
Indian Overseas Bank is a major bank based in Chennai, with 2,555 domestic branches and six branches overseas.
30 Indian companies with highest cash reserve
Syndicate Bank
Cash: Rs 23,931.30 crore (Rs 239.313 billion)
Syndicate Bank Ltd is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
30 Indian companies with highest cash reserve
Allahabad Bank
Cash: Rs 22,082.46 crore (Rs 220.824 billion)
Allahabad Bank, which began operations in 1865, has its head-quarters in Kolkata. Currently the bank has 2,500 branches across the country.
30 Indian companies with highest cash reserve
Andhra Bank
Cash: Rs 20,917.90 crore (Rs 209.179 billion)
The Bank was registered on November 20, 1923, and commenced business on November 28, 1923, with a paid up capital of Rs one lakh and an authorised capital of Rs 10 lakh.
30 Indian companies with highest cash reserve
Corporation Bank
Cash: Rs 20,785.02 crore (Rs 207.850 billion)
Corporation Bank is an India-based banking company based in Mangalore, India. The bank has the distinction of the first Indian bank to publish its financial results (1998-99) conforming to US GAAP.
30 Indian companies with highest cash reserve
NTPC Ltd
Cash: Rs 17,859.83 crore (Rs 178.598 billion)
NTPC Limited is the largest Indian state-owned energy service provider based in New Delhi, India. It is listed in Forbes Global 2000 for 2011 ranked it 348th in the world.
30 Indian companies with highest cash reserve
Steel Authority of India Ltd
Cash: Rs 17,747.76 crore (Rs 177.477 billion)
Steel Authority of India Limited is one of the largest state-owned steel makers in India and one of the top steel makers in World.
30 Indian companies with highest cash reserve
NMDC Ltd
Cash: Rs 17,228.06 crore (Rs 172.280 billion)
NMDC limited is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
30 Indian companies with highest cash reserve
Indian Bank
Cash: Rs 17,126.58 crore (Rs 171.265 billion)
Indian Bank is a major Indian Commercial Bank headquartered in Chennai, India. It has 22,000 employees, 1,923 branches (all CBS) and is one of the big public sector banks of India.
It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries.
30 Indian companies with highest cash reserve
Infosys Ltd
Cash: Rs 15,095.00 crore (Rs 150.95 billion)
Infosys Limited is a global technology services company headquartered in Bangalore, India. It has offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries.
30 Indian companies with highest cash reserve
United Bank of India
Cash: Rs 14,655.48 crore (Rs 146.554 billion)
United Bank of India is a state-owned financial services company headquartered in Kolkata, West Bengal, India. Presently the bank has a three-tier organisational setup consisting of its headoffice in Kolkata, 31 Regional offices and 1,650 branches spread all over India.
30 Indian companies with highest cash reserve
State Bank of Bikaner and Jaipur
Cash: Rs 12,093.72 crore (Rs 120.937 billion)
State Bank of Bikaner and Jaipur is an associate bank of State Bank of India. Currently, SBBJ has over 848 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India.
30 Indian companies with highest cash reserve
Oil India Ltd
Cash: Rs 11,771.40 crore (Rs 117.714 billion)
On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in northeast.
In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK.
30 Indian companies with highest cash reserve
Tata Motors Ltd
Cash: Rs 10,947.93 crore (Rs 109.479 billion)
Tata Motors Limited is an Indian multinational automotive corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as Telco.
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