Which of the following banks features in the Fortune Global 500 list 2021?
State Bank of India
The question asks which of the given Indian banks was included in the prestigious Fortune Global 500 list for the year 2021. The Fortune Global 500 is an annual ranking of the world's 500 largest companies by total revenue for their respective fiscal years ended on or before March 31, 2021, in the case of the 2021 list.
We need to determine which of the listed banks featured in the 2021 edition of the Fortune Global 500 list. Let's look at the options provided:
Membership in the Fortune Global 500 list indicates a company's significant scale in terms of revenue globally. For 2021, the list was based on revenues for the fiscal year that ended by March 31, 2021.
Based on the official Fortune Global 500 list for 2021, the State Bank of India (SBI) was indeed ranked among the world's largest corporations by revenue. Other major Indian banks like Bank of Baroda, ICICI Bank, and HDFC Bank, while significant in India, did not meet the revenue threshold to be included in the Fortune Global 500 list for that specific year (2021).
Therefore, among the given options, only the State Bank of India featured in the Fortune Global 500 list published in 2021.
| Bank | Featured in Fortune Global 500 (2021) |
|---|---|
| State Bank of India | Yes |
| Bank of Baroda | No |
| ICICI Bank | No |
| HDFC Bank | No |
This table clearly shows that State Bank of India was the only bank from the provided options that was part of the Fortune Global 500 list in 2021.
To feature in the Fortune Global 500 list, companies must meet specific revenue criteria. In 2021, State Bank of India was one of the Indian entities to be included in this prestigious global ranking, highlighting its scale and financial performance on an international level.
| Concept | Explanation |
|---|---|
| Fortune Global 500 | Annual list ranking the world's 500 largest companies by revenue. |
| State Bank of India (SBI) | A major public sector bank in India. |
| Revenue Criterion | Basis for ranking companies in the Fortune Global 500 list. |
Global rankings like the Fortune Global 500 list provide insights into the relative size and performance of companies worldwide. For banks, being on such a list reflects significant assets, revenue from interest and fees, and overall market presence.
Understanding these global lists helps in assessing the standing of national companies on the international stage.
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