Top 10 Banks in India, Complete Information

Best Banks in India

India’s banking sector has grown significantly over the past few decades, with numerous banks operating in the country. In this article, we will be discussing the top 10 banks in India based on their total assets, market capitalization, and other relevant factors.

Top 10 Banks in India

1. Top 10 Banks in India – State Bank of India (SBI)

State Bank of India is the largest bank in India in terms of assets and market capitalization. It was founded in 1806 and is headquartered in Mumbai. The bank operates in over 36 countries and has a wide network of over 22,000 branches and 58,000 ATMs across India. SBI offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

2. Top 10 Banks in India – HDFC Bank

HDFC Bank is the second-largest bank in India in terms of assets and market capitalization. It was founded in 1994 and is headquartered in Mumbai. The bank operates in over 2,800 cities across India and has a wide network of over 5,600 branches and 16,000 ATMs. HDFC Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

3. Top 10 Banks in India – ICICI Bank

ICICI Bank is the third-largest bank in India in terms of assets and market capitalization. It was founded in 1994 and is headquartered in Mumbai. The bank operates in over 19 countries and has a wide network of over 5,275 branches and 15,589 ATMs across India. ICICI Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

4. Top 10 Banks in India – Punjab National Bank (PNB)

Punjab National Bank is the fourth-largest bank in India in terms of assets and market capitalization. It was founded in 1894 and is headquartered in New Delhi. The bank operates in over 6 countries and has a wide network of over 11,000 branches and 13,000 ATMs across India. PNB offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

5. Top 10 Banks in India – Bank of Baroda (BOB)

Bank of Baroda is the fifth-largest bank in India in terms of assets and market capitalization. It was founded in 1908 and is headquartered in Vadodara. The bank operates in over 25 countries and has a wide network of over 9,500 branches and 13,400 ATMs across India. BOB offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

6. Top 10 Banks in India – Canara Bank

Canara Bank is the sixth-largest bank in India in terms of assets and market capitalization. It was founded in 1906 and is headquartered in Bengaluru. The bank operates in over 15 countries and has a wide network of over 10,500 branches and 13,300 ATMs across India. Canara Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

7. Top 10 Banks in India – Union Bank of India

Union Bank of India is the seventh-largest bank in India in terms of assets and market capitalization. It was founded in 1919 and is headquartered in Mumbai. The bank operates in over 15 countries and has a wide network of over 9,300 branches and 12,000 ATMs across India. Union Bank of India offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

8. Top 10 Banks in India – Axis Bank

Axis Bank is the eighth-largest bank in India in terms of assets and market capitalization. It was founded in 1993 and is headquartered in Mumbai. The bank operates in over 4,000 cities and towns across India and has a wide network of over 4,500 branches and 12,000 ATMs. Axis Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

9. Top 10 Banks in India – IDBI Bank

IDBI Bank is the ninth-largest bank in India in terms of assets and market capitalization. It was founded in 1964 and is headquartered in Mumbai. The bank operates in over 1,800 locations across India and has a wide network of over 3,800 branches and 13,000 ATMs. IDBI Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

10. Top 10 Banks in India – Indian Bank

Indian Bank is the tenth-largest bank in India in terms of assets and market capitalization. It was founded in 1907 and is headquartered in Chennai. The bank operates in over 9 countries and has a wide network of over 6,000 branches and 7,100 ATMs across India. Indian Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

Top Private Banks in India

India has a robust banking industry, with a mix of public sector and private sector banks. In recent years, private sector banks have emerged as significant players in the Indian banking landscape, offering a range of financial products and services to customers. Here are the top private banks in India:

1. HDFC Bank HDFC Bank is the largest private sector bank in India in terms of assets and market capitalization. It was founded in 1994 and is headquartered in Mumbai. The bank operates in over 2,800 cities and towns across India and has a wide network of over 5,000 branches and 13,500 ATMs. HDFC Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
2. ICICI Bank ICICI Bank is the second-largest private sector bank in India in terms of assets and market capitalization. It was founded in 1994 and is headquartered in Mumbai. The bank operates in over 2,800 cities and towns across India and has a wide network of over 5,000 branches and 15,000 ATMs. ICICI Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
3. Axis Bank Axis Bank is the third-largest private sector bank in India in terms of assets and market capitalization. It was founded in 1993 and is headquartered in Mumbai. The bank operates in over 4,000 cities and towns across India and has a wide network of over 4,500 branches and 12,000 ATMs. Axis Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
4. Kotak Mahindra Bank Kotak Mahindra Bank is the fourth-largest private sector bank in India in terms of assets and market capitalization. It was founded in 1985 and is headquartered in Mumbai. The bank operates in over 1,400 cities and towns across India and has a wide network of over 1,500 branches and 2,500 ATMs. Kotak Mahindra Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
5. Yes Bank Yes Bank is the fifth-largest private sector bank in India in terms of assets and market capitalization. It was founded in 2004 and is headquartered in Mumbai. The bank operates in over 1,100 cities and towns across India and has a wide network of over 1,200 branches and 1,800 ATMs. Yes Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

Top Government Banks in India

India has a well-established banking industry, and the government owns many of the leading banks in the country. Here are the top government banks in India:

1. State Bank of India State Bank of India (SBI) is the largest government-owned bank in India in terms of assets and market capitalization. It was founded in 1955 and is headquartered in Mumbai. The bank operates in over 35 countries and has a wide network of over 22,000 branches and 58,000 ATMs across India. SBI offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
2. Punjab National Bank Punjab National Bank (PNB) is the second-largest government-owned bank in India in terms of assets and market capitalization. It was founded in 1894 and is headquartered in New Delhi. The bank operates in over 7,000 locations across India and has a wide network of over 11,000 branches and 13,000 ATMs. PNB offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
3. Bank of Baroda Bank of Baroda (BOB) is the third-largest government-owned bank in India in terms of assets and market capitalization. It was founded in 1908 and is headquartered in Vadodara, Gujarat. The bank operates in over 25 countries and has a wide network of over 9,500 branches and 13,400 ATMs across India. BOB offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
4. Canara Bank Canara Bank is the fourth-largest government-owned bank in India in terms of assets and market capitalization. It was founded in 1906 and is headquartered in Bengaluru, Karnataka. The bank operates in over 10 countries and has a wide network of over 10,000 branches and 14,000 ATMs across India. Canara Bank offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.
5. Union Bank of India Union Bank of India is the fifth-largest government-owned bank in India in terms of assets and market capitalization. It was founded in 1919 and is headquartered in Mumbai. The bank operates in over 3,000 locations across India and has a wide network of over 9,500 branches and 12,000 ATMs. Union Bank of India offers a wide range of financial products and services to its customers, including personal banking, corporate banking, and investment banking.

Top 10 Banks in India – Conclusion

In conclusion, India’s banking sector is quite diverse, with a range of banks catering to the needs of customers across the country. The top 10 banks mentioned above have established themselves as the leading players in the industry and offer a wide range of financial products and services to their customers. These banks have a strong presence across India and have been able to maintain their position through a combination of sound business strategies, innovation, and customer-centric approach.