Top 10 Largest Banks in India: List of Govt. & Private Banks
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  • Written By Aswin_B_nath
  • Last Modified 19-05-2022
  • Written By Aswin_B_nath
  • Last Modified 19-05-2022

Top 10 Largest Banks in India: List of Govt and Private Banks

Top 10 Largest Banks In India: Indian Banking Sector plays a vital role in moving the country’s economy forward. It is one of the most explored retail lending markets in the Asia-Pacific region thus making Indian Banks one of the great opportunities for global investment. India boasts of some of the strongest and most stable banks in terms of financial indicators and market capitalization.

Banks operate and serve in a variety of different market sectors. They are some of the largest employment generators in the country and thereby contribute to increasing the purchasing power and per capita income of the citizens. As of now, banks are moving ahead towards the complete digitization of their transactions, further generating jobs and possibilities in the software sector. In this article, we will talk about the best private banks in India, government banks in India and more.

Top 10 Banks in India

Below is the list of Top 10 Top Banks in India in terms of size for 2021:

India is home to 27 Public Sector Banks, of which 21 are Nationalised Banks and 6 belong to the State Bank Group. In addition 45 Foreign Private Sector Banks are there, which support the Indian banking system.

To get an idea about the history, structure and nature of these banks and to identify which is the best bank in India for starting your career, let us have a look at the best Private and Government bank in India in terms of size.

  • 1. HDFC Bank
  • 2. State Bank of India
  • 3. ICICI Bank
  • 4. Axis Bank
  • 5. Kotak Mahindra Bank
  • 6. IndusInd Bank
  • 7. Yes Bank
  • 8. Punjab National Bank
  • 9. Bank Of Baroda
  • 10. Bank Of India

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Top Banks in India

Following are the top 10 banks in India 2022: The list contains both the best private banks in India and government banks.

1. HDFC Bank

HDFC Bank
HDFC Bank
TypePrivate Company
IndustryFinancial Services
Founded1994
Key PersonAditya Puri
HeadquartersMumbai – India
Area servedIndia
ProductsBanking
Asset₹1,189,432 crore (US$170 billion) (2019)
Number of Branches5,314 (30th September 2019)
Number of ATMs13,514 (Across India)
Number of Employees1,04,154 (30th June 2019)
Official Websitehdfcbank.com

2. State Bank of India (SBI)

State Bank of India
State Bank of India (SBI)
TypePublic Company (Government of India), Top Government Banks in India
IndustryBanking, Financial Services
Founded2nd 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)Shri Rajnish Kumar
HeadquartersMumbai – India
Area servedWorldwide
ProductsConsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Asset₹36.80914 trillion (US$520 billion) (2019)
Number of Branches24000 branches in India & Over 190 offices in 35 countries across the world
Number of ATMs59,291
Number of Employees2,57,252 (2019)
Official Websitesbi.co.in

3. ICICI Bank

ICICI Bank
ICICI Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded1994
Key Person (Chairperson)Sandeep Bhakshi
HeadquartersMumbai – India
Area servedWorldwide
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions
Asset₹1,007,068 crore (US$140 billion) (2019)
Number of Branches5,275
Number of ATMs15,589
Number of Employees84,922 (2019)
Official Websiteicicibank.com

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4. Axis National Bank

Axis National Bank
Axis Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded3 December 1993
Key Person (Chairperson)Amitabh Chaudhry
HeadquartersMumbai – India
Area servedWorldwide
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Asset₹8.00997 trillion (US$110 billion) (2019)
Number of Branches4,050
Number of ATMs11,801
Number of Employees72,000 (2019)
Official Websiteaxisbank.com

5. Kotak Mahindra Bank

Kotak Mahindra Bank
Kotak Mahindra Bank
TypePrivate Sector
IndustryBanking & Financial Sector
FoundedFebruary 2003
Key Person (Chairperson)Uday Kotak
HeadquartersMumbai – India
Area servedIndia
ProductsCredit cards, Life Insurance, Mutual Funds, Car Finance, Securities, Institutional Equities, Investment Banking, International Business, Kotak Private Equity, Kotak Realty Fund, Wealth Management
Asset31 billion US dollars (2019)
Number of Branches1500
Number of ATMs2352
Number of Employees40,000+
Official Websitekotak.com

6. IndusInd Bank

IndusInd Bank
IndusInd Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded1994
Key Person (Chairperson)Romesh Sobti
HeadquartersPune – India
Area servedIndia
ProductsCredit cards, Car Loan, Gold Loan, Home Loan, Loan Against Property
Asset‎₹178,648.41 crores (2019)
Number of Branches1558
Number of ATMs2453
Number of Employees30,000+
Official Websiteindusind.com

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7. Yes Bank

Yes Bank
Yes Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded2004
Key Person (Chairperson)Ravneet Gill
HeadquartersMumbai – India
Area servedIndia
ProductsInvestment Banking Solutions, Yes Property Purchase Credit Card, Yes First Corporate Credit Card, Loans, Surplus and Investments, Debt Capital Markets, Digital Banking
Asset₹301,390 crores (US$42 billion)
Number of Branches1000
Number of ATMs1800
Number of Employees20000+
Official Websiteyesbank.in

8. Punjab National Bank

Punjab National Bank
Punjab National Bank (PNB)
TypePublic Sector
IndustryBanking & Financial Sector
Founded12th April 1895
Key Person (Chairperson)S. S. Mallikarjuna Rao
HeadquartersNew Delhi – India
Area servedIndia
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Asset‎₹774,949 crores (US$110 billion) 
Number of Branches7036 (2019)
Number of ATMs8906 (2019)
Number of Employees70,810 (2019)
Official Websitepnbindia.in

9. Bank of Baroda

Bank of Baroda
Bank of Baroda
TypePublic Sector
IndustryBanking & Financial Sector
Founded20 July 1908
Key Person (Chairperson)Hasmukh Adhia
HeadquartersVadodara – India
Area servedIndia
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Asset₹719,999 crores (US$100 billion) (2019) 
Number of Branches9500+
Number of ATMs2,130
Number of Employees85,000
Official Websitebankofbaroda.in

10. Bank of India

Bank of India
Bank Of India
TypePublic Sector
IndustryFinancial Services
Founded7 September 1906
Key Person (Chairperson)G. Padmanabhan (Non-Exe Chairman) Atanu Kumar Das (MD & CEO)
HeadquartersMumbai – India
Area servedIndia
ProductsCommercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
Asset6.31 lakh crores INR (US$91 billion) (2019)
Number of Branches5100
Number of ATMs1727
Number of Employees48,807 (2019)  
Official Websitebankofindia.co.in

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Now that you know which are the 10 Top Banks in India in terms of size and the best bank in India for starting your professional career make sure you take the Banking mock tests of Embibe. These mock tests are available for free and will help you in your Banking preparation. You will get a clear idea about how the actual bank exams are going to be.

Also, check the related links

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Upcoming Government ExamGovernment Jobs Preparation Tips

FAQs on Bank Recruitment in India

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

Q.1: Which is the largest bank in India?
Ans: Industrial Credit and Investment Corporation of India (ICICI Bank). ICICI Bank is the largest private sector bank in India. ICICI is a multi-national banking & financial company.

Q.2: Which Bank in India is the best?
Ans
: HDFC is marked as India’s No. 1 Bank in Forbes World’s best bank report.

Q.3 Which is better SBI or ICICI?
Ans
: SBI has the lowest interest rate of 9.60% which is lower than the lowest interest rate of ICICI bank at 10.25%.

Q.4: What is the age limit for Clerical posts?
Ans: The age limit for Clerical posts in Different Banks varies. For SBI it is 20 to 28 years.

Q.5: 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.

We hope this article on the Top 10 Largest Banks of India has helped you and has given you a fair idea regarding the leading Private and Government Banks in India and the best bank in India for your professional career. If you have any queries, please feel free to drop a comment below and we will get back to you at the earliest.

Stay tuned to embibe for the latest update on the Top Largest Banks in India.

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