Top 10 Largest Banks In India By Market Capitalization 2024 | List Of 10 Largest Banks | Top 10 Banks In India: – Strong banking and financial sector plays a vital role in helping the economy of any developing nation. India has a strong banking and financial sector. We can see many post-independence reforms and especially after 1991 in the Indian banking and financial sector.
There has been a nationalization of banks in 1969. After the merger of banks in India now there are 12 public sector banks along with 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks, and 94,384Â rural cooperative banks. Here is the list of top 10 Government & Private Indian Banks and their banking products based on the assets that each Bank currently holds.
Top 10 Largest Banks In India By Market Capitalization 2024 | List Of 10 Largest Banks | Top 10 Banks In India
10. BANK OF BARODA
| Type | Public Sector |
| Industry | Banking & Financial Sector |
| Founded | 20 July 1908 |
| Key Person (Chairperson) | Hasmukh Adhia |
| Head quarters | 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 | ₹719,999 crore (US$100 billion) (2019) |
| Number of Branches | 9500+ |
| Number of ATMs | 2,130 |
| Number of Employees | 85,000 |
| Official Website | bankofbaroda.in |
Bank of Baroda was founded 20 July 1908 Vadodara India Kapasan Hasmukh adhia
Bank of Baroda is another public sector bank in India with its headquarters in Baroda (now Vadodara), Gujarat, and corporate office in Mumbai. The bank was officially merged with Dena Bank and Vijaya bank on April 1, 2019. It is one of the too most banks having the least NPA(non-performing assets) 11.5%. Total Assets of the bank are rupees 719,999 crores (US dollar 100 billion).
The bank came under the category of a PSU (profit-making public sector undertaking) after Nationalised by the Indian government. The bank enjoys a rich range of employees with more than 85000 employees. It has more than 9500 branches and 2130 ATMs all over the country.This multinational Bank had revenue of dollar 7.3 billion as of 2019. The bank provides a wide range of services including credit card, Â consumer banking, Â corporate banking, Â finance and insurance, investment banking, mortgage loans, private banking, private equity, Wealth Management, etc.
9. IDBI Bank
IDBI or Indian Development Bank of India is a public sector bank with headquartered in Mumbai. It was established in July 1964 with the aim to promote and develop industry in India to provide financial facilities to Indian industries. IDBI has contributed to the digital Indian campaign since it allows most transactions to be made online.
The number of employees of the bank is 18000 who work in its 1900 branches. It has more than 3700 ATMs with Overseas offices. The bank has total assets of around $ 520 billion. Government of India and Life Insurance Corporation of India held shares in the IDBI Bank.
8. Bank of India
| Type | Public Sector |
| Industry | Financial Services |
| Founded | 7 September 1906 |
| Key Person (Chairperson) | G. Padmanabhan (Non-Exe Chairman) Atanu Kumar Das (MD & CEO) |
| Head quarters | Mumbai – India |
| Area served | India |
| Products | Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards |
| Asset | 6.31 lakh crores INR (US$91 billion) (2019) |
| Number of Branches | 5100 |
| Official Website | bankofindia.co.in |
| Customer Care Toll-Free Number | 1800 22 0229 |
Bank of India is one of the Indian oldest and top Nationalised banks founded on 7th September 1906. It is headquartered in Mumbai. The government-owned Bank aims to serve all Indian communities. The Assets of the bank or 6.31 lac crore INR (US dollar 91 billion) as of 2019.
It has a decent range of its employers over about 48, 807 employees. The bank has its presence with the branches more than 5100 and 1727 ATMs in India with 56 offices located abroad. The bank offers commercial banking, retail banking, private banking, Asset Management, mortgage, credit cards, etc.
7. PNB
| Type | Public Sector |
| Industry | Banking & Financial Sector |
| Founded | 12th April 1895 |
| Key Person (Chairperson) | S. S. Mallikarjuna Rao |
| Head quarters | 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 | ‎₹774,949 crore (US$110 billion) |
| Number of Branches | 7036 (2019) |
| Number of ATMs | 8906 (2019) |
| Number of Employees | 70,810 (2019) |
| Official Website | pnbindia.in |
PNB (Punjab National Bank) is one of the Indian banks offering multinational banking and financial services. The public sector bank was established on 12th April 1895 with headquartered in New Delhi. The bank has a rich number of its employees of around 70810.
The bank has around 7036 branches with 8906 ATMs all over the country. The bank has a market capitalization of rupees 774949 crores ( US dollar 110 billion).
It is a state-owned bank in 2019. In 2019, It has been awarded the IBA Banking Technology.PNB offers jobs for the post of specialist officers, management trainees, probationary officers, and clerical positions. The bank offers services like credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, Wealth Management, etc.
6. INDSIAND Bank
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | 1994 |
| Key Person (Chairperson) | Romesh Sobti |
| Head quarters | Pune – India |
| Area served | India |
| Products | Credit cards, Car Loan, Gold Loan, Home Loan, Loan Against Property |
| Asset | ‎₹178,648.41 crore (2019) |
| Number of Branches | 1558 |
| Number of ATMs | 2453 |
| Number of Employees | 30,000+ |
| Official Website | indusind.com |
INDUSIAND bank is one of the trusted biggest private sector banks. The bank is headquartered in Mumbai. It was established in 1994. The bank concentrated its branches in metro cities like Mumbai, Delhi, and Chennai. It has its presence in foreign countries as Dubai, Abu Dhabi, and London. The bank is well known for providing its services for commercial transactional and electronic banking products. The best thing about the bank is that it is upgraded to new technologies. The bank has around 1558 branches and 2453 ATMs across the country.
It has a large scale of employees of more than 30000. The assets of the bank are 178648.41 crores as of 2019. The bank offers credit cards, car loans, gold loans, home loans, loans against property, Corporate Banking and Finance cash management Services, trade services utility, deposition operations, and treasury operations, etc.
5. Kotak Mahindra Bank
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | February 2003 |
| Key Person (Chairperson) | Uday Kotak |
| Head quarters | 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 | 31 billion US dollars (2019) |
| Number of Branches | 1500 |
| Number of ATMs | 2352 |
| Number of Employees | 40,000+ |
| Official Website | kotak.com |
Kotak Mahindra Bank was established in 2003. It has its headquarters in the finance capital of the Nation, Mumbai. The bank has around 1500 branches and 2352 ATMs across the country. It was ranked 245th in the brand finance banking 500. It has a wide range of employees of around 50000 all over the country. The Assets of the bank are 31 billion US dollars as of 2019.
The bank offers a wide range of Banking product services including credit cards, life insurance, Mutual Funds, car finance, securities, institutional equities, investment banking, international business, Kotak private equity, Kotak realty fund, Wealth Management etc. The policies of the bank are satisfactory to its customers.
4. SBI:- State Bank of India
| Type | Public Company (Government of 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) | Shri Rajnish Kumar |
| 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 |
| Asset | ₹36.80914 trillion (US$520 billion) (2019) |
| Number of Branches | 24000 branches in India & Over 190 offices in 35 countries across the world |
| Number of ATMs | 59,291 |
| Number of Employees | 2,57,252 (2019) |
| Official Website | sbi.co.in |
State Bank of India or SBI is a government-owned Bank. It was established in 1806 with headquarters in Mumbai. It is one of the biggest corporations in the world. The bank is a suitable name for the largest employers and trusted brand in India. ‘The Fortune g
Global’ ranked SBI 216th of the world’s biggest corporations in the world in 2018. The bank has a presence over 195 foreign offices across 36 countries. The bank commands approximately 20% of the Indian banking sector. It has 24000 branches in India and 59, 291 ATMs. SBI employees more than 2,57,252 employees.
The Assets of the bank are 36.8 0914 trillion (the US $520 billion). THE bank is one of the oldest banks in India. It satisfies well its customers with services including consumer banking, corporate banking, finance, and insurance investment, banking mortgage, Â loans, private banking, private equity, savings securities, Asset Management, Wealth Management, credit cards, etc.
The banks service their customers all over the world. Although the bank offers lower rates of interest than other multinational Banks yet its popularity is not dimmed. Â The bank also contributed to the 2014 Pradhan Mantri Jan Dhan Yojana in opening a large number of accounts.
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3. ICICI Bank
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | 1994 |
| Key Person (Chairperson) | Sandeep Bhakshi |
| Head quarters | 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 | ₹1,007,068 crore (US$140 billion) (2019) |
| Number of Branches | 5,275 |
| Number of ATMs | 15,589 |
| Number of Employees | 84,922 (2019) |
| Official Website | icicibank.com |
ICICI or Industrial Credit and Investment Corporation of India is one of the most trusted and important private sector banks in India. It was established in 1994 in Mumbai. The bank has around 5275 branches and 15, 589 ATMs spread in over 17 countries. The registered office of ICICI is in Vadodara (Gujarat).
The bank not only provides normal transactional services to customers but also offers credit cards, consumer Banking, Finance and insurance, investment banking, mortgage loans, private banking, Wealth Management, personal loans, and payment solutions. It employs more than 84922Â employees. The total assets of the bank are 1,007068 crores (the US $ Â 140 billion) as of 2019. ICICI generated a revenue of 11 billion dollars in 2019.
2. Axis Bank
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | 3 December 1993 |
| Key Person (Chairperson) | Amitabh Chaudhry |
| Head quarters | 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 | ₹8.00997 trillion (US$110 billion) (2019) |
| Number of Branches | 4,050 |
| Number of ATMs | 11,801 |
| Number of Employees | 72,000 (2019) |
| Official Website | axisbank.com |
Axis Bank, headquartered in Mumbai, was founded on 3 December 1993. It has the rank of the third largest private sector bank in India.The bank has nearly 4,050 branches with 9 International offices and 13000 ATMs with the 72000 employees. The products and services offered by the bank are credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, Â private equity, Wealth Management. It has the Assets of rupees 8,00997 trillion (the US $110 billion) as of 2019.
The bank run ‘The Young Bankers’ program useful for the young talents to be a part of the never-ending success of one of the top banks in India through a two-stage selection process. This bank is the third-largest private sector bank in India based on assets. Axis Bank generated a revenue of 9.9 billion dollars in 2019.
1. HDFC Bank
| Type | Private Company |
| Industry | Financial Services |
| Founded | 1994 |
| Key Person | Aditya Puri |
| Head quarters | Mumbai – India |
| Area served | India |
| Products | Banking |
| Asset | ₹1,189,432 crore (US$170 billion) (2019) |
| Number of Branches | 5,314 (30th September 2019) |
| Number of ATMs | 13,514 (Across India) |
| Number of Employees | 1,04,154 (30th June 2019) |
| Official Website | hdfcbank.com |
HDFC or The Housing Development Finance Corporation, headquartered in Mumbai, is a reputed private bank that has been offering services since 1994. As of 30th June 2019, HDFC had more than 1,0 4,000 employees.
HDFC has nearly 13,514 ATMs and 5,314 branches all over the country. The bank not only provides savings account services but also offers personal loans, credit cards, car loans, consumer financial services, insurance policies, Forex services and premium banking features overall.Top 10 Biggest Bank In India 2024
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Top 10 Largest Banks In India By Market Capitalization 2024 | List Of 10 Largest Banks | Top 10 Banks In India
The Assets of HDFC was Rs. 1,189,432 crores( 170 billion dollars) as of 2019. HDFC is a prominent choice for opening salary accounts. The bank generated 17 billion dollars in revenue in 2019. HDFC has been ranked number one private bank in Forbes’ world’s best bank report.
