The NSE and BSE market cap of the top 10 banks in India keeps on changing on daily basis. I have updated the list as of 15th April 2023 and it may change as and when you are looking at the list.
The Reserve Bank of India (RBI) is the top banking regulatory body in India and was founded through the RBI Act of 1934. Banks in India are classified into two groups: scheduled and non-scheduled banks. Scheduled banks are listed in the second schedule of the RBI Act, 1934, while non-scheduled banks are not. Based on ownership, banks in India are categorized as Private Sector Banks, Public Sector Banks, and Foreign Banks.
Keep on reading to know in detail the top 10 banks in India:
|Company Name||Last Price||% Change||52 wk High||52 wk Low||Market Cap (Rs. cr)|
|Bank of Baroda||171.30||0.56||197.20||77.00||88,585.43|
HDFC Bank Ltd.
HDFC Bank is a top financial institution in India with over 43 million customers. It offers excellent products and services, focusing on customer service and operational excellence.
HDFC Bank is a leader in digital banking, with innovative products like the 10-second Personal Loan and Payzapp. It is committed to serving rural and semi-urban areas, with over half of its branches located there.
HDFC Bank values integrity and ethics in its employees and supports them with training and growth opportunities. The bank is dedicated to empowering individuals, particularly women, through its Parivartan brand, which focuses on promoting rural development, education, skills training, health and hygiene, and financial literacy.
|Number of Branches||6,342|
|Number of ATMs||18,130|
|Number of Employees||167452|
|Number of POS Terminals||2,43,888|
|Number of Debit Cards||4 Crore|
|Number of Credit Cards||1.76 Crore|
ICICI Bank is one of the leading private banks in India, known for providing a variety of banking solutions and financial services to its customers. Whether you are a big corporation, a small business, or an individual, ICICI has got you covered with its extensive range of services. You can choose to bank through its branches, internet banking, mobile banking, WhatsApp banking, or phone banking – whatever suits you best.
Moreover, ICICI Bank has a bunch of specialized subsidiaries that cater to investment banking, life and non-life insurance, venture capital, and asset management. In short, ICICI Bank is a one-stop-shop for all your financial needs.
|Number of Branches||5275|
|Number of ATMs||15589|
|Number of Employees||97354|
State Bank of India (SBI)
We’re talking about the State Bank of India (SBI), which is a well-known Indian multinational public sector bank and financial services company located in Mumbai. With over 200 years of heritage, SBI has earned the trust of generations of Indians as the most reliable bank.
SBI is the largest bank in India, holding one-fourth of the market share and serving more than 45 crore customers through its extensive network of over 22,000 branches, 62,617 ATMs/ADWMs, and 71,968 BC outlets. The bank is dedicated to innovation and customer-centricity, as reflected in its core values of service, transparency, ethics, politeness, and sustainability.
In addition to its banking services, SBI has successfully diversified its business through various subsidiaries such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, among others. The bank operates globally and has a presence in 31 foreign countries with 229 offices across different time zones.
As SBI continues to grow and evolve, it remains committed to providing responsible and sustainable banking solutions that redefine the banking experience in India.
|Number of Branches||22219|
|Number of ATMs||62617|
|Number of Employees||245642|
|Number of POS Terminals||6.08 Lakh|
Kotak Mahindra Bank Ltd.
Kotak Mahindra Group, a well-known financial services conglomerate in India, was founded in 1985. It achieved a significant milestone in 2003 when the Reserve Bank of India granted a banking license to its flagship company, Kotak Mahindra Finance Ltd. This historic event marked the first instance of a non-banking finance company successfully transforming into a bank in India. Today, the entity is recognized as Kotak Mahindra Bank Limited.
As of September 30, 2012, the group’s consolidated balance sheet exceeded the 1 lakh crore mark, and its consolidated net worth stood at approximately US$2.6 billion (13,943 crore INR). The group offers a comprehensive range of financial services that cater to the diverse needs of individuals and corporations. These services encompass commercial banking, stock broking, mutual funds, life insurance, and investment banking.
With an extensive network of branches and franchisees spread across India, as well as international offices in prominent locations such as London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius, and Singapore, the group ensures widespread access to its financial offerings.
|Number of Branches||4758|
|Number of ATMs||10990|
|Number of Employees||78300|
|Number of Cash Recyclers||5972|
Axis Bank is among the leading private sector banks in India, catering to a wide range of customers, including Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses. The bank has a vast network of over 4,750 domestic branches, 10,990 ATMs, and 5,972 cash recyclers spanning the country, along with six Axis Virtual Centers with more than 1,500 Virtual Relationship Managers.
The bank also operates in eight international offices, including branches in Singapore, Dubai, and Gift City-IBU, with a focus on offering corporate lending, trade finance, investment banking, liability businesses, and private banking/wealth management services.
Axis Bank is a new generation private sector bank that commenced its operations in 1994, and it was jointly promoted by Specified Undertaking of Unit Trust of India (SUUTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd., and United India Insurance Company Ltd.
Over the years, the bank has shown remarkable growth with a balance sheet size of Rs. 11,75,178 crores as on 31st March 2022, and a 5-year CAGR (2016-17 to 2021-22) of 14% each in Total Assets & Advances and 15% in Deposits.
|Number of Branches||4050|
|Number of ATMs||11800+|
|Number of Employees||55000+|
|Number of Cash Recyclers||4917|
Bank of Baroda
Bank of Baroda, a public sector bank established in 1908 by Maharaja Sir Sayaji Rao Gaekwad III, has become a leading bank with a business of approximately Rs.10 trillion and a vast network of 8100+ branches, including 105 overseas branches/offices in 17 countries across Europe, the US, Africa, Asia, and Australia.
The bank’s main objective is to be a top-ranking national bank of international standards that focuses on augmenting stakeholders’ value through care, concern, and competence.
Bank of Baroda has been nurturing enduring relationships with all its stakeholders for more than a century, demonstrating its commitment to fueling inclusive growth, fulfilling entrepreneurial dreams, and meeting aspirations of generations worldwide. The bank has reinvented its array of products and services to make banking more engaging and convenient for customers. The bank’s 25000+ touchpoints, including branches, ATMs, e-lobbies, special mortgage stores, SME loan factories, Agri. loan factories, and corporate financial services, ensure efficient service delivery to customers.
The bank’s philosophy of “customer centricity” and “growth with quality” has been the driving force behind its success, yielding rich dividends to all its stakeholders and meeting the ever-growing aspirations of its customers.
|Number of Branches||9500+|
|Number of ATMs||13000+|
|Number of Employees||79806+|
IndusInd Bank has been serving consumer and corporate customers since 1994. With a wide network of 2,265 branches and 2,767 ATMs located in 776 different parts of India, the bank also has representative offices in London, Dubai, and Abu Dhabi.
The bank takes pride in leveraging technology to drive its business and has multi-channel delivery capabilities. It has been granted clearing bank status for major stock and commodity exchanges in the country, including BSE, NSE, MCX, NCDEX, and NMCE. IndusInd Bank was also added to the NIFTY 50 benchmark index on April 1, 2013.
|Number of Branches||2,015+|
|Number of ATMs||2886+|
|Number of Employees||33582+|
IDBI Bank Ltd. is a full-service bank that serves customers from all segments. It has a rich legacy inherited from its predecessor entity, Industrial Development Bank of India, which was an apex Development Financial Institution in the realm of industry.
IDBI Bank Ltd. touches the lives of millions of Indians through a wide array of banking products and services, and has an established presence in associated financial sector businesses. The bank’s philosophy is to provide relevant financial solutions, ensure maximum customer convenience, and excel in customer service. IDBI Bank is committed to becoming the most preferred and trusted bank, enhancing value for all stakeholders.
|Number of Branches||1890+|
|Number of ATMs||3300+|
|Number of Employees||17516+|
Canara Bank, known for putting customers first, was established in July 1906 by Shri Ammembal Subba Rao Pai, a philanthropist and visionary, in the port town of Mangalore, Karnataka. Over the course of a century, the bank experienced remarkable growth, particularly after being nationalized in 1969, and became a leading player in terms of both geographic reach and client segments.
The 1980s saw the bank diversify its business, and in June 2006, it celebrated 100 years of operation in the Indian banking industry. Canara Bank has achieved numerous milestones throughout its eventful journey and now holds a prominent position among Indian banks.
|Number of Branches||9700+|
|Number of ATMs||12100+|
|Number of Employees||86000+|
PNB, the first Swadeshi Bank in India, started functioning from Lahore on April 12, 1895, with an authorized capital of Rs. 2 Lakh and a working capital of Rs. 20,000. The founders of the bank were motivated by a strong sense of nationalism, and it was the first bank that was managed solely by Indians with Indian capital. Over the course of its long history, PNB has merged/amalgamated with 9 different banks.
|Number of Branches||12248 +|
|Number of ATMs||13000+|
|Number of Employees||103144+|
So, of the top 10 banks in India which is your favorite?
I hope after reading the article you would have understood which are the top 10 banks in India. Let us know in the comments which are your favorite and why. Also visit our other blogs and share this article on social media and with your friends and family.
Which is the No 1 bank in India?
HDFC bank is the No. 1 Private bank in India and SBI is the no.1 Public bank in India.
What are the 4 big banks in India?
The big 4 banks in India are HDFC bank, SBI, ICICI bank and Canara bank.
Hi there, my name is Shivani and I’m the founder of Fuelcoin and co-founder of Thefinanceopedia. I created this blog to share my knowledge and experience in cryptocurrency, banking, personal finance, and the stock market, and to help others build wealth.