Top 10 Banks in India: Check List of Largest Banks in India - EMBIBE
  • Written By Aswin_B_nath
  • Last Modified 01-09-2022
  • Written By Aswin_B_nath
  • Last Modified 01-09-2022

Top 10 Banks in India: Check List of Largest Banks

Top 10 Banks in India: 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.

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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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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:

HDFC Bank
TypePrivate Company
IndustryFinancial Services
Founded1994
Key PersonAtanu Chakraborty (Chairman)
HeadquartersMumbai – India
Area servedIndia
ProductsBanking
Asset₹2,122,934 crore (US$280 billion – 2022)
Number of Branches6,378 (Jun. 30, 2022)
Number of ATMs16,087 (Across India)
Number of Employees1,52,511 (2022)
Official Websitehdfcbank.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:

State Bank of India
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)Dinesh Kumar Khara
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₹4,987,597 crore (US$624 billion) (2022)
Number of BranchesOver 24000 branches in India & 191 offices in 36 countries across the world
Number of ATMs62,617
Number of Employees245,642 (2022)
Official Websitesbi.co.in

3. ICICI Bank

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

ICICI Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded1994
Key Person (Chairperson)Girish Chandra Chaturvedi
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₹17.53 lakh crore (US$219 billion) (2022)
Number of Branches5,275 (2022)
Number of ATMs13,463
Number of Employees1,30,170 (2021)
Official Websiteicicibank.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:

Axis National 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₹11,75,178 crore (US$130 billion – 2022)
Number of Branches4,096 branches and extension counters 
Number of ATMs10,990
Number of Employees78,300 (2021)
Official Websiteaxisbank.com

5. Kotak Mahindra Bank

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

Kotak Mahindra Bank
TypePrivate Sector
IndustryBanking & Financial Sector
FoundedFebruary 2003
Key Person (Chairperson)Prakash Apte
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
Asset₹4.79 Lakh Crore (US$63 billion – 2021)
Number of Branches1700 (March 2022)
Number of ATMs2705
Number of Employees
71,000 (2021)
Official Websitekotak.com

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6. IndusInd Bank

Check details regarding Induslnd Bank below:

IndusInd Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded1994
Key Person (Chairperson)Arun Tiwari
HeadquartersMumbai – India
Area servedIndia
ProductsCredit Cards, Car Loan, Gold Loan, Home Loan, Loan Against Property
Asset₹307,057 crore (US$40 billion) (2020)
Number of Branches2,015 Branches (Sept. 30, 2021)
Number of ATMs2,835 (2022)
Number of Employees32,225 (2021)
Official Websiteindusind.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:

Yes Bank
TypePrivate Sector
IndustryBanking & Financial Sector
Founded2004
Key Person (Chairperson)Sunil Mehta
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₹273,543 crore (US$36 billion) (2021)
Number of Branches1000
Number of ATMs1800
Number of Employees23800 (2021)
Official Websiteyesbank.in

8. Punjab National Bank

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

Punjab National Bank
TypePublic Sector
IndustryBanking & Financial Sector
FoundedApril 12, 1895
Key Person Atul Kumar Goel
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₹1,279,725 crore (US$170 billion – 2021)
Number of Branches10,530 (2021)
Number of ATMs13,506 (2021)
Number of Employees1,03,144 (2022)
Official Websitepnbindia.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.

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₹11.55 Lakh Crores (US$144 billion) (2021) 
Number of Branches8,214 (2020)
Number of ATMs10,033 (2020)
Number of Employees82,000+ (2021)
Official Websitebankofbaroda.in

10. Bank of India

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

Bank of India
TypePublic Sector
IndustryFinancial Services
Founded7 September 1906
Key Person Atanu Kumar Das (MD & CEO)
HeadquartersMumbai – India
Area servedIndia
ProductsCommercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards
Asset₹725,856.45 crore (US$95 billion – 2021)
Number of Branches5,430 (March 2021)
Number of ATMs5,551 (March 2021)
Number of Employees51,459 (March 2021)
Official Websitebankofindia.co.in

FAQs on Best Banks in India

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 percent whereas, the interest rate of ICICI is 10.25 percent.

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 marks deducted for every wrong answer in the exam.

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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.

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