List of Top 10 Banks In India – India has 27 Public Sector Banks, of which 21 are Nationalized. Of which 12 are public sector banks and 21 are private sector banks. Also, there are 45 foreign banks in the private sector helping the Indian banking system. In this article, you will find the list of Top 10 Largest Banks in India (rank-wise).
Top 10 Largest Banks in India 2023
| Rank | Bank Name | Type | Market Cap |
|---|---|---|---|
| 1. | HDFC Bank | Private | Rs. 11.61 Lakh Crore |
| 2. | ICICI Bank | Private | Rs. 6.65 Lakh Crore |
| 3. | SBI | Public | Rs. 5.13 Lakh Crore |
| 4. | Kotak Mahindra | Private | Rs. 3.47 Lakh Crore |
| 5. | Axis Bank | Private | Rs. 3.09 Lakh Crore |
| 6. | IndusInd Bank | Private | Rs. 1.12 Lakh Crore |
| 7. | Bank of Baroda | Public | Rs. 1.06 Lakh Crore |
| 8. | Punjab National Bank | Public | Rs. 0.828 Lakh Crore |
| 9. | Union Bank of India | Public | Rs. 0.778 Lakh Crore |
| 10. | IDBI Bank | Private | Rs. 0.752 Lakh Crore |
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List of Top 10 Banks in India
1. HDFC Bank
- Founded: 1994
- Chairman: Atanu Chakraborty
- Headquarters: Mumbai, India
- Products: Banking
- Revenue: ₹2.05 lakh crore (US$26 billion)
- Asset: ₹25.3 lakh crore (US$320 billion)
- Number of Branches: 8,344
- Number of ATMs: 19,727
- Number of Employees: 1,77,000
2. ICICI Bank
- Type of Bank: Private Sector
- Industry: Banking & Financial Sector
- Founded: 1994
- Chairperson: Girish Chandra Chaturvedi
- Headquarters: Mumbai, India
3. State Bank of India (SBI)
- Type of Bank: Public Company (Government of India)
- Industry: Banking, Financial Services
- Founded: 2nd June 1806 (Bank of Calcutta), 27th January 1921 (Imperial Bank of India), 1st July 1955 (State Bank of India), 2nd June 1956 (Nationalisation)
- Chairperson: Dinesh Kumar Khara
- Headquarters: Mumbai, India
- Total Asset: ₹5,954,418.30 crore (US$750 billion) (2023)
- Number of Branches: India – 22,219, International – 229 Branches in 31 countries
- Number of ATMs: 62,617
4. Kotak Mahindra Bank
- Bank Type: Private Sector
- Founded: February 2003
- Chairperson: Prakash Apte
- Headquarters: Mumbai, India
- Asset: ₹620,429.73 crore (US$78 billion) (2023)
- Number of Branches: 1,780
- Number of ATMs: 2,963
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5. Axis National Bank
- Type of Bank: Private Sector
- Founded: 3 December 1993
- Chairperson: Amitabh Chaudhry
- Headquarters: Mumbai, India
- Asset: ₹1,344,418 crore (US$170 billion) (2023)
- Number of Branches: 4,903
- Number of ATMs: 15,953
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6. IndusInd Bank
- Type of bank: Private Sector
- Founded: 1994
- Chairperson: Arun Tiwari
- Headquarters: Mumbai, India
7. Bank of Baroda
- Type Of Bank: Public Sector
- Founded: 20 July 1908
- Chairperson: Hasmukh Adhia
- Headquarters: Vadodara, India
8. Punjab National Bank
- Type Of Bank: Public Sector
- Founded: April 12, 1895
- Key Person: Atul Kumar Goel
- Headquarters: New Delhi, India
9. IDBI Bank
- Founded: July 1, 1964
- CEO: Rakesh Sharma
10. Union Bank of India (UBI)
- Founded: November 11, 1919
- CEO: A. Manimekhalai.