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Top 10 Banks in India 2024: 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 per cent. Moreover, investing in Indian banks has become far more attractive and is one of the dominant sectors in the Asia-Pacific region.
This article 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. Check the complete list of the top 10 banks in the country and find the key details about them in this article.
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Below is the list of the top banks in India in terms of market capitalisation for 2024. 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.
Given below are the largest private banks in India 2024. The list contains the best private banks and government banks in India.
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 |
| Key Person | Atanu Chakraborty (Chairman) |
| Headquarters | Mumbai – India |
| Area served | India |
| Products | Banking |
| Revenue | ₹2.05 lakh crore (US$26 billion) |
| Asset | ₹25.3 lakh crore (US$320 billion) |
| Number of Branches | 8,344 (As of June 1, 2023) |
| Number of ATMs | 19,727 (Across 3,811 Cities) |
| Number of Employees | 1,77,000 (As of June 1, 2023) |
| Official Website | hdfcbank.com |
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 |
| Headquarters | Mumbai – India |
| Area served | Worldwide |
| Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards |
| Total Asset | ₹5,954,418.30 crore (US$750 billion) (2023) |
| Number of Branches | India: 22,219 Branches International: 229 Branches in 31 countries |
| Number of ATMs | 62,617 ATMs |
| Number of Employees | 2,36,116 (September 2023) |
| Official Website | sbi.co.in |
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 |
| Area served | Worldwide |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions |
| Asset | ₹1,958,490.50 crore (US$250 billion) (2023) |
| Number of Branches | 5,900 Branches |
| Number of ATMs | 16,650 ATMs |
| Number of Employees | 130,542 (2022) |
| Official Website | icicibank.com |
The Axis National Bank is the third largest private sector bank in India both in market capitalisation and assets. Check the details below:
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | 3 December 1993 |
| Key Person (Chairperson) | Amitabh Chaudhry |
| Headquarters | Mumbai – India |
| Area served | Worldwide |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Asset | ₹1,344,418 crore (US$170 billion) (2023) |
| Number of Branches | 4,903 Branches and Extension Counters |
| Number of ATMs | 15,953 ATMs |
| Number of Employees | 91,898 (as of March 2023) |
| Official Website | axisbank.com |
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 |
| Products | Credit cards, Life Insurance, Mutual Funds, Car Finance, Securities, Institutional Equities, Investment Banking, International Business, Kotak Private Equity, Kotak Realty Fund, Wealth Management |
| Asset | ₹620,429.73 crore (US$78 billion) (2023) |
| Number of Branches | 1,780 Branches |
| Number of ATMs | 2,963 ATMs |
| Number of Employees | 1,00,000+ (March 2023) |
| Official Website | kotak.com |
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 |
| Products | Credit Cards, Car Loan, Gold Loan, Home Loan, Loan Against Property |
| Asset | ₹7,443 crore (US$930 million) (2023) |
| Number of Branches | 2,015 Branches (Sept. 30, 2021) |
| Number of ATMs | 2,606 Branches (2023) |
| Number of Employees | 32,445 |
| Official Website | indusind.com |
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 | ₹355,204.13 crore (US$44 billion) (2023) |
| Number of Branches | 11,00+ Branches |
| Number of ATMs | 1200+ ATMs |
| Number of Employees | 23800 (2021) |
| Official Website | yesbank.in |
The Punjab National Bank is the second largest public sector bank in the country. Check the 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 |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Asset | ₹1,493,648.94 crore (US$190 billion) (2023) |
| Number of Branches | 12,248 (12,609 Domestic) |
| Number of ATMs | 12,898+ ATMs |
| Number of Employees | 1,03,144 (2022) |
| Official Website | pnbindia.in |
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 |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Asset | ₹1,525,878.97 crore (US$190 billion) (2023) |
| Number of Branches | 9,693 Branches |
| Number of ATMs | 10,033+ ATMs |
| Number of Employees | 79,806 (2022) |
| Official Website | bankofbaroda.in |
Bank of India is one of the largest public sector banks in India. Check the 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 |
| Products | Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards |
| Asset | ₹725,856.45 crore (US$91 billion) (2021) |
| Number of Branches | 5,108 Branches |
| Number of ATMs | 5,551 ATMs |
| Number of Employees | 52,209 (March 2023) |
| Official Website | bankofindia.co.in |
The frequently asked questions on the 10 Top Banks in India are given below:
Q.1: 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.2: 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.3 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 per cent whereas, the interest rate of ICICI is 10.25 per cent.
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: Is there any negative marking in the bank recruitment exam?
Ans: Yes, there is a negative marking of 1/4th of 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 given you a fair idea regarding the leading Private and Government Banks in India and the best bank to choose for your professional career.
Stay tuned to Embibe for the latest update on the Top 10 Largest Banks in India.
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