Top 10 Banks in India

 

This Blog has provided a list of the largest banks in the country. These banks are responsible for creating the highest number of job opportunities in the country. Moreover, they have contributed to the increasing purchasing power capability and per capita income of the country.

 The largest banks in India have assisted India’s development in many ways. The banking sector plays a vital role in any economy’s growth. The Top 10 banks in India have dominated the banking sector for quite some time, and they have a combined market share of more than 70 percent. Moreover, investing in Indian banks has become far more attractive and is one of the dominant sectors in the Asia-Pacific region. Check the complete list of the top 10 banks in the country and find the key details about them in this Blog.

Top 10 Largest Banks in India 2022 as per Market Capitalisation

Below is the list of the top banks in India in terms of market capitalisation for 2022. India is home to 12 public sector banks and 21 private sector banks. In addition, there are 45 foreign banks in the private sector supporting the Indian banking system.

• HDFC Bank
• State Bank of India
• ICICI Bank
• Axis Bank
• Kotak Mahindra Bank
• IndusInd Bank
• Yes Bank
• Punjab National Bank
• Bank of Baroda
• Bank of India

List of Top 10 Banks in India

Given below are the largest private banks in India 2022. The list contains the best private banks and government banks in India.

1. HDFC Bank

HDFC Bank is one of the largest banks in the country in terms of assets and market capitalisation. Check details about HDFC below:

 

 

Type                                          Private Company

Industry                                 Financial Services

Founded                                   1994

Area served                             India

Key Person                              Atanu Chakraborty (Chairman)

Headquarters                         Mumbai – India

Number of ATMs                   16,087 (Across India)

Number of Branches           6,378 (Jun. 30, 2022)

Products                                   Banking

Asset                                         ₹2,122,934 crore (US$280 billion – 2022)

Number of Employees       1,52,511 (2022)

Official Website                      hdfcbank.com

2. State Bank of India (SBI)

The SBI is the largest public sector bank in the country with a 23 per cent market share by assets. Check details about SBI below:

Type      Public Company (Government of India), Top Government Banks in 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

Key Person (Chairperson)             Dinesh Kumar Khara

Area served                                     Worldwide

Headquarters                                 Mumbai – India

Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards

Number of Branches             Over 24000 branches in India & 191 offices in 36 countrie  the world

Number of ATMs                     62,617

Asset                                         ₹4,987,597 crore (US$624 billion) (2022)

Number of Employees           245,642 (2022)

Official Website                       sbi.co.in

3. ICICI Bank

The ICICI bank is one of the leading private sector banks in the country. Check details about ICICI below:

 

Type                                           Private Sector

Industry                                     Banking & Financial Sector

Founded                                     1994

Key Person (Chairperson)    Girish Chandra Chaturvedi

Headquarters                           Mumbai – India

Asset                                         ₹17.53 lakh crore (US$219 billion) (2022)

Area served                            Worldwide

Number of Branches            5,275 (2022)

Number of ATMs                  13,463

Products         Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions

Number of Employees         1,30,170 (2021)

Official Website                     icicibank.com

4. Axis National Bank

The Axis National Bank is the third largest private sector bank in India both in market capitalisation and assets. Check details below:

Type                                                  Private Sector

Industry                                            Banking & Financial Sector

Founded                                           3 December 1993

Key Person (Chairperson)             Amitabh Chaudhry

Headquarters                                 Mumbai – India

Asset                                                ₹11,75,178 crore (US$130 billion – 2022)

Number of Branches                     4,096 branches and extension counters

Number of ATMs                           10,990

Area served                                    Worldwide

Products              Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management

Number of Employees          78,300 (2021)

Official Website                      axisbank.com

5. Kotak Mahindra Bank

The Kotak Mahindra Bank is one of the leading players in the banking sector of India. Check details below:

Type                                           Private Sector

Industry                                      Banking & Financial Sector

Founded                                    February 2003

Key Person (Chairperson)      Prakash Apte

Headquarters                           Mumbai – India

Area served                               India

Asset                                          ₹4.79 Lakh Crore (US$63 billion – 2021)

Number of Branches               1700 (March 2022)

Number of ATMs                      2705

Products              Credit cards, Life Insurance, Mutual Funds, Car Finance, Securities, Institutional Equities, Investment Banking, International Business, Kotak Private Equity, Kotak Realty Fund, Wealth Management

Number of Employees              71,000 (2021)

Official Website                          kotak.com

6. IndusInd Bank

Check details regarding Induslnd Bank below:

Type                                          Private Sector

Industry                                     Banking & Financial Sector

Founded                                    1994

Key Person (Chairperson)     Arun Tiwari

Headquarters                          Mumbai – India

Area served                              India

Number of ATMs                      2,835 (2022)

Number of Branches              2,015 Branches (Sept. 30, 2021)

Number of Employees          32,225 (2021)

Products                                    Credit Cards, Car Loan, Gold Loan, Home Loan, Loan Against Property

Asset                                          ₹307,057 crore (US$40 billion) (2020)

Official Website                       indusind.com

7. Yes Bank

Yes bank is the sixth largest bank in the country, moreover, Yes bank stands the 4th rank globally in the list of ‘Highest leap by rank’ category. Check details regarding Yes bank below:

Type                                                Private Sector

Industry                                           Banking & Financial Sector

Founded                                           2004

Key Person (Chairperson)             Sunil Mehta

Headquarters                                Mumbai – India

Area served                                    India

Products              Investment Banking Solutions, Yes Property Purchase Credit Card, Yes First Corporate Credit Card, Loans, Surplus and Investments, Debt Capital Markets, Digital Banking

Asset                                           ₹273,543 crore (US$36 billion) (2021)

Number of Branches                1000

Number of ATMs                       1800

Number of Employees            23800 (2021)

Official Website                        yesbank.in

8. Punjab National Bank

The Punjab National Bank is the second largest public sector bank in the country. Check details below:

Type                    Public Sector

Industry               Banking & Financial Sector

Founded              April 12, 1895

Key Person         Atul Kumar Goel

Headquarters    New Delhi – India

Area served        India

Asset                   ₹1,279,725 crore (US$170 billion – 2021)

Products              Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management

Number of Branches       10,530 (2021)

Number of ATMs              13,506 (2021)

Number of Employees   1,03,144 (2022)

Official Website                pnbindia.in

9. Bank of Baroda

The Bank of Baroda is one of the leading players in the banking sector in the country. In April 2019, BOB clocked the highest market capitalisation with Rs. 35,251.50 crores.

Type                                                Public Sector

Industry                                           Banking & Financial Sector

Founded                                          20 July 1908

Key Person (Chairperson)             Hasmukh Adhia

Headquarters                                 Vadodara – India

Area served                                     India

Number of Branches                     8,214 (2020)

Asset                                               ₹11.55 Lakh Crores (US$144 billion) (2021)

Products              Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management

Number of ATMs              10,033 (2020)

Number of Employees   82,000+ (2021)

Official Website                bankofbaroda.in

10. Bank of India

Bank of India is one of the largest public sector bank in India. Check details below:

Type                     Public Sector

Industry               Financial Services

Founded              7 September 1906

Key Person         Atanu Kumar Das (MD & CEO)

Headquarters    Mumbai – India

Area served        India

Asset                   ₹725,856.45 crore (US$95 billion – 2021)

Number of Branches       5,430 (March 2021)

Number of ATMs              5,551 (March 2021)

Number of Employees   51,459 (March 2021)

Products              Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards

Official Website          bankofindia.co.in

 

 

 

 

FAQs on Best Banks in India

The frequently asked questions on the 10 Top Banks in India are given below:

Q1: Which is the best bank in India?
Ans: HDFC is marked as India’s No. 1 Bank in Forbes World’s best bank report.

Q.2: Is there any negative marking in the bank recruitment exam?
Ans: Yes, there is a negative marking of 1/4th marks deducted for every wrong answer in the exam.

Q.3: Which is the largest bank in India?
Ans: Some of the largest banks in India are HDFC, SBI, ICICI, Axis Bank, and Kotak Mahindra Bank.

Q.4: What is the age limit for clerical posts?
Ans: The age limit for clerical posts varies according to the different banks that you opt.

Q.5 Which one is a better bank SBI or ICICI?
Ans: There are several factors which determine a better bank. One comparison factor is the interest rate where SBI’s interest rate is 9.60 percent whereas, the interest rate of ICICI is 10.25 percent.

 

We hope this Blog on the Top 10 Largest Banks of India has helped you and given you a fair idea regarding the leading Private and Government Banks in India

 

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