Top 10 Indian Banks |Top 10 Banks in India | Top 10 Private Banks in India 2022 | 10 Largest Banks in India | Top 10 Indian Banks You Should Consider Banking With Top 10 Indian Banks
The Indian banking sector is one of the most developed in the world. India’s top 10 banks dominate the sector with a combined market share of over 70%. This article lists the top 10 banks in India and provides a brief overview of each.
in this article, we discuss about Top 10 Banks in India according to a study by The Reserve Bank of India.
The list includes names of both state-owned and private banks. This is an important list as these banks account for 70% of the total assets in the Indian banking system.
Largest Government Bank and Private Banks in 2023
Banking plays a vital role in helping an economy grow in a developing country like India. The banking sector provides loans to both agricultural and commercial enterprises. There are many top banks in India but some of the most notable are State Bank of India, ICICI Bank, HDFC Bank and Axis Bank. Each of these banks has a long history and a large customer base. They offer a wide range of products and services, including loans, savings accounts and investment products.
There are many banks in India but some of them are more popular than others. The largest Indian banks in 2022 are listed below:
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List of Top 10 Indian Banks
The list below shows the top 10 banks in India in terms of branch size for 2022, ATMs, employees, assets, revenue and bank assets are all factors considered:
- HDFC Bank Ltd
- State Bank of India (SBI)
- ICICI Bank Ltd
- Kotak Mahindra Bank Ltd
- Axis Bank Ltd
- IndusInd Bank Ltd
- Bank of Baroda
- Punjab National Bank
- yes the bank
- Bank of India
1. HDFC Bank Ltd.
Housing Development Finance Corporation (HDFC) is the largest private sector bank based on market capitalization and assets and this bank ranks first in List of Top 10 Banks in Indiamarket cap as of March 2020 proves to be the largest bank in India offering products and services like wholesale banking, retail banking, treasury, loans, credit cards, lifestyle loans and other types of loans with Payzapp and SmartBUY as digital products.
Corporate Social Responsibility of the bank under HDFC Bank Parivartan is a successful initiative of 11 years which has managed to contribute an estimated 14.41 crore rupees in the CSR industry.
Here are some details about this bank: Established in 1994 Headquartered in Mumbai 88000+ employees 5600 branches and 13000 ATMs in 2765 cities across India
Market Capitalization: To install Rupees. 774,352 crores.
2. State Bank of India (SBI)
State Bank of India (SBI) is India’s oldest and most trusted brand and one of the largest corporations in the world. It is the second largest Indian government-owned bank in terms of market capitalization. SBI offers credit cards, savings accounts, fixed deposits, personal loans, debit cards, home loans, property loans, car loans, gold loans, mudra loans and business loans. Multidimensional Bank was the largest bank in India with a quarter of its market share of deposits and total loans, before it was overtaken in March 2020 by HDFC Bank.
Here are some details about SBI bank: Established in 1955 Headquarters in Mumbai (Maharashtra) More than 26350 branches in India More than 60,000 ATMs in India 195 offices in 36 countries Serving more than 43 million customers
Market Capitalization: To install Rupees. 418,296 crores
3. ICICI Bank Ltd.
ICICI Bank is one of the most popular banks in India and also ranks 3rd in our list of Top 10 Banks in India. It was established in June 1994 in Vadodara by the Industrial Investment and Credit Corporation of India, offering a wide range of services including online money transfer and tracking services, current account, savings account, term deposits, recurring deposits, loans mortgages, ATM loans, prepaid and debit cards, credit cards and ICICI Pocket; a digital wallet powered by VISA.
It is a part of Top 10 Banks of India, Maintained an important role in Indian financial infrastructure with Entrepreneurship Development Institute (EDII) established by cohort companies IDBI, IFCI and SBI, promoting National Stock Exchange, establishment of CRISIL, India’s first credit rating agency with UTI , among other significant achievements. .
Here are some details about ICICI bank: Headquarters in Mumbai (Maharashtra) 4870+ branches in India 14367+ ATMs in India International presence in 16 countries
Market Capitalization: To install Rupees. 463,683 Crores
4. Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank is the fourth largest bank in India based on market capitalization. This bank was established in February 2003. It is the second largest private sector bank in India with corporate and retail client services that include personal finance, investment banking, life insurance and wealth management.
Here are some details about Kotak Mahindra bank: Ranked 245th in brand finance banking in 2014. About 50,000 employees in India.
Market Capitalization: To install Rupees. 3,49,762 Cr.
5. Axis Bank Ltd.
In terms of market capitalization, Axis bank is ranked 5th in India, founded in 1993 as UTI bank and officially changed its name to Axis Bank in 2007. It launched its all-women branch in Patna in 2014 and has on Bollywood actress Deepika Padukone. as an ambassador of the bank.
Axis Bank oversees overseas operations with 11 international branch offices in Singapore, Dubai, Abu Dhabi, Hong Kong, Colombo, Shanghai and representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and a branch in London, selling financial services to large . and medium enterprises.
Here are some details about Axis bank: Fifth largest bank in India. Headquartered in Mumbai. About 4000 branches in different cities of India. 12,700 ATMs in various cities across India. Over 55,000 employees in India.
market capitalization: To install Rupees. 213,287 cr.
6. IndusInd Bank Ltd
IndusInd Bank Ltd is an Indian private sector bank headquartered in Mumbai. It was founded in 1994 by SP Hinduja and his son Ashok Hinduja. The bank is a result of the merger between The IndusInd Bank Ltd and The Hinduja Bank Ltd. IndusInd Bank is the first bank to receive ‘in-principle’ approval from the Reserve Bank of India (RBI) to start a banking business.
The bank offers a wide range of banking products and services to its customers across the country.
Details: As of March 2022, the bank had a network of 2.5 million customers, over 5,000 distribution points and 2,000 branches across the country.
market capitalization: 69,844.92 Rs.
7. Bank of Baroda
Bank of Baroda, or BoB, is yet another public sector bank that enjoys a place among Top 10 banks in India 2022 the bank has more than 153 million customers in 18 countries, The bank was founded in 1908 by Maharaja Sayajirao Gaekwad III of Baroda State. It is based in Vadodara, Gujarat. The bank offers its customers a wide range of products and services, including loans, deposits, cards, wealth management and insurance.
The history of Bank of Baroda dates back to 1908 when the bank was founded as Bank of Baroda Limited, a small private bank by Maharaja Sayajirao Gaekwad III, then Maharaja of Baroda State. In 1969, the Government of India nationalized the bank.
BOB Market capitalization: Rs. 52,670 million euros
8. National Bank of Punjab
Punjab National Bank (PNB) is an Indian multinational banking and financial services company. It is a state-owned bank and the second largest public sector bank in India enjoying the eighth position in Top 10 Indian Banks 2022, The bank was founded in 1895 by Lala Lajpat Rai and Swadesh Bikram Singh. It is based in New Delhi.
The bank has over 10,528 branches and over 1,03,000 employees and 13,506 ATMs and 12,478 business correspondents. From March 2022
Market capitalization of PNB: Rs. 39,914 million euros
9. Yes Bank
Yes Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra. It was founded in 2004 by Rana Kapoor and Ashok Vaswani. As of March 2022, the bank has a network of 1,122 branches and 1,220 ATMs in India.
The bank was promoted by the Yes group, which is owned by the Rana Kapoor family. In November 2004, Yes Bank started operations with two branches in Mumbai. The bank completed an initial public offering in January 2006 and raised 1,542 million lei.
market capitalization: Rs. 31,945. crore
10. Bank of India
Bank of India is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. It is the largest bank in India by assets and market capitalization. As of March 2022, the bank has a network of over 5000 branches and 51,459 employees in India.
The Bank of India was founded on 7 September 1906 by a group of eminent businessmen from Mumbai. The bank was promoted by leading industrialists of the time like Sir Sorabji Pochkhanawala, Dadabhai Naoroji, Dwarkadas Marfatia, Pherozeshah Mehta and Premchand Roychand.
Market Capitalization: Rs. 19,984.37. crore
Top Indian Banks Frequent questions
Which is the largest bank in India?
HDFC Bank is the number one bank in India in terms of assets and value, market capitalization of the bank.
Which bank is safest in India?
RBI has declared these three banks (SBI, HDFC, ICICI) too big to fail, making them the safest banks in India.
Which bank works best in India?
HDFC is the best working bank in India in terms of value and services provided by them
Which is the largest public sector bank in India?
State Bank Of India (SBI) is currently the largest public sector bank in the country and its largest lender.
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