Top 10 Banks In India | Largest Banks In India: BANK is derived from the Italian word ‘Banca,’ which means ‘bench’ or ‘money exchange table.’ Its definition differs from country to country. They are mainly financial institutions that accept money from the country’s citizens and return them with interest. They make a Demand Deposit which is used for giving Loans to the citizens according to their needs. Banks play a vital role in the financial and economic stability of a country.
Top 10 Banks In India | Largest Banks In India
This article will discuss popular banks in India according to RBI ( Reserve Bank in India ). RBI is a Central Bank of India, and Shaktikanta Das is a current Governor of RBI. This includes the list of top 10 banks where you can find your dream job. You will also get to know the details of branches, headquarters, and ATMs all over India. The difference between Public sector banks and Private sector banks will help you choose the bank wisely and open a Bank Account. So, here is the list of the top 10 biggest banks of all time.
No 1. State Bank of India
According to RBI, the State bank of India or (SBI) is in the top 10 best banks in India. Dinesh Kumar Khara is the current chairman of SBI. Imperial Bank of India is converted into the State Bank of India on 1 July 1955. It is the 43rd largest bank in the world. It holds a Market capitalization of Rupees 2,93,218.11 crores. It is also the largest and best Public sector bank in India. It is in the top 10 banks to find your dream job and become a Government Employee. Its headquarter is in Mumbai, the Financial Capital of India. SBI holds 23% of India’s market share and ” The Asian Banker ” continuously for two times. The State Bank of India charges 7% on the HOME loan and 9.60% on Personal Loan.
some important points :
- State Bank of India Number Branches – 24,000+
- State Bank of India Number of ATMs – 59,000+
- State Bank of India Number of Employees – 2,57,000+
No 2. HDFC Bank
The HDFC (Housing Development Finance Corporation Ltd) bank is in the second position of the top 10 best banks and first position in India’s top 10 private banks. HDFC was founded in August 1994. Sashidhar Jagdishan is the current CEO (chief executive officer) of HDFC Bank. Dr. Manmohan Singh (ex-prime minister) inaugurated its first corporate office at Sandoz House, Worli. In Feb 2000, HDFC bank merged with Times Bank. According to the Indian Stock Exchange, the HDFC bank is the third biggest company by market capitalization. It holds a Market capitalization of Rupees 6,25,666.08 crores. It is also the largest and best Private sector bank in India. Its name is in the top 10 banks where you can find your dream job and become a Reputed Bank Employee. Its headquarter is in Mumbai, the Financial Capital of India. HDFC bank provides a wide range of services and products like Banking, loans (home, auto, business, personal). The Bank Deals with Consumer Banking, Corporate Banking, Investment Banking, Private Banking, Finance & Insurance, CCs, and DCS. HDFC received Asiamoney’s best bank award and Euromoney Awards for Excellence in 2020, respectively. The HDFC Bank charges 6.90% on the HOME loan and 10.75% on Personal Loan.
some important points :
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- HDFC Bank Number of Branches – 5,103+
- HDFC Bank Number of ATMs – 13,160+
- HDFC Bank Number of Employees – 1,16,020+
No 3. ICICI Bank
The ICICI Bank (Industrial Credit and Investment Corporation of India) is at the third position of the top 10 best banks and second position in India’s top 10 private banks. ICICI Bank was established on 5 January 1994. Sandeep Bakshi is the current MD & CEO, and Girish Chandra Chaturvedi is serving as the present Chairman of ICICI bank. It holds a Market capitalization of Rupees 3,59,977.03 crores. It is also the best Private sector Indian Bank according to Service. Its name is on a Famous bank list in India where you can find your dream job and become an Honourable Bank Employee. Its headquarter is in Mumbai, but the registered office is in the Vadodara city of Gujarat. ICICI Bank also has branches in Hong Kong, the USA, South Africa, Bangladesh, Malaysia, and Qatar, etc. It provides a wide range of services and products like Banking, loans (home, auto, business, personal). The Bank Deals with Consumer Banking, Corporate Banking, Investment Banking, Private Banking, Finance & Insurance, CCs, and DCS. The ICICI Bank charges 6.90% on the HOME loan and 11.25% on Personal Loan.
some important points :
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- ICICI Bank Number of Branches – 4,882+
- ICICI Bank Number of ATMs – 15,101+
- ICICI Bank Number of Employees – 84,922+
No 4. Punjab National Bank
According to RBI, the Punjab National Bank or (PNB) is in the Fourth position of the top 10 best banks in India. It runs under the ownership of the Finance Ministry. Punjab National Bank was established on 12 April 1894, which is approx 127 years ago. CH S.S. Malikarjuna serves as the Current managing director (MD) and CEO of Punjab National Bank. It holds a Market capitalization of Rupees 37,411.52 crores and a Revenue of Rs 58,687 crores. It is also the 2nd largest and best Public sector bank in India. It is in the top 10 banks to find your dream job and become a Government Bank Employee. Its headquarter is in New Delhi, the National Capital of India. PNB faced the SCAM of amount Rs 11,400 crores. Its branches are also present in Dubai and Hongkong. The Punjab National Bank charges 7.10% on the HOME loan and 8.95% on Personal Loan.
some important points :
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- Punjab National Bank Number of Branches – 7,000+
- Punjab National Bank Number of ATMs – 10,680+
- Punjab National Bank Number of Employees – 70,800+
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No 5. Bank of Baroda
According to RBI, the Bank of Baroda or (BoB) is at the Fifth position of the top 10 best banks in India. Bank of Baroda was established on 20 July 1908. Sayajirao Gaekwad 3 known as the founder of the Bank of Baroda. Sanjiv Chadha is the current MD & CEO, whereas Hasmukh Adhia is the current serving Chairman of Bank of Baroda. It holds a Market capitalization of Rupees 35,251.50 crores. It is also the 3rd largest best Public sector bank in India. Dena Bank and Vijaya Bank got merged with BoB in April 2019. Its name is also on the top 10 banks to find your dream job and become a Government Bank Employee. Its headquarter is in Alkapuri, Vadodara (Gujarat). The Bank of Baroda charges 6.85% on the HOME loan and 9.855% on Personal Loan.
some important points:
- Bank of Baroda Number of Branches – 9,544+
- Bank of Baroda Number of ATMs – 13,400+
- Bank of Baroda Number of Employees – 85,000+
No 6. Axis Bank
According to RBI, the Axis Bank is in the Sixth position of India’s top 10 best banks. It mainly deals with financial services with large and small companies and businesses. It was established in the year December 1993. Dr. Manmohan Singh (ex-prime minister) inaugurated its first corporate office in Ahmedabad on 2 April 1994. Amitabh Chaudhry is the current MD & CEO, whereas Shri Rakesh Makhija is the current serving Chairman of the Bank. Unit Trust of India (UTI) was later converted to Axis Bank. It holds a Market capitalization of Rupees 1,90,562.56 crores. It is also Best the Private sector best Bank in India according to Indian Market. Its name is on Famous bank list in India where you can find your dream job and become a Reputed Bank Employee. Its headquarter is in Mumbai. Axis bank gives the Revenue of Rs 68,116 crores. It provides a wide range of services Loan (home, auto, business, personal), Debit, and Credit cards. The Axis Bank charges 7.75% on the HOME loan and 10.49% on Personal Loan.
- Axis Bank Number of Branches – 4,050+
- Axis Bank Number of ATMs – 11,800+
- Axis Bank Number of Employees – 55,000+
No 7. Kotak Mahindra Bank
According to RBI, the Kotak Mahindra Bank is in the Seventh position of India’s top 10 best banks. It is Established in the Year 2003. It was established in February 2003. Uday Kotak is the current MD & CEO, whereas Prakash Apte is the current serving Chairman of the Bank. It holds a Market capitalization of Rupees 3,80,117.77 crores till 14 December 2021. It is also the Best Private sector best Bank in India according to Indian Market. Its name is on Famous bank list in India where you can find your dream job and become a Reputed Bank Employee. Its headquarter is in Mumbai, the Financial Capital of India. Kotak Mahindra bank gives the Revenue of Rs 28,547.24 crores in the year 2019. It provides a wide range of services like Loans (home, auto, business, personal), Debit, and Credit cards. The Kotak Mahindra Bank charges 6.75% on the HOME loan and 10.50% on Personal Loan.
- Kotak Mahindra Bank Number of Branches – 1,390+
- Kotak Mahindra Bank Number of ATMs – 2,100+
- Kotak Mahindra Bank Number of Employees – 33,000+
No 8. Canara Bank
According to RBI, the Canara Bank is in the eighth position of the top 10 best banks in India and the Fourth-Largest Public Sector Bank in India. Canara Bank was established in the year 1906. Lingam Venkat Prabhakar is the current MD & CEO, whereas T. N. Manoharan is the current serving Chairman of the Bank. It holds a Market capitalization of Rupees 2,14,900.22 crores, and It retains a Revenue of Rs 56,748 crores. It is also the 4th largest and best Indian Bank according to its Service. It is in the top 10 banks to find your dream job and become a Reputed Government Bank Employee. Its headquarter is in Mangalore, Bengaluru, India. The Indian Government adopted the bank in 1969. Its branches are also present in Dubai, London, Moscow, and Hongkong. The Bank Deals with Consumer Banking, Corporate Banking, Investment Banking, Private Banking, Finance & Insurance, CCs, and DCS. The Canara Bank charges 6.75% on the HOME loan and 9.95% on Personal Loan.
some important points :
- Canara Bank Number of Branches – 10,403+
- Canara Bank Number of ATMs – 13,406+
- Canara Bank Number of Employees – 90,002+
No 9. IndusInd Bank
According to RBI, the IndusInd Bank is in the ninth position of the top 10 best banks in India. It is a new generation leading Bank in Indian Market. It is Established in the Year 1994. Sumant Kathpalia is the current MD & CEO of IndusInd Bank. It holds a Market capitalization of Rupees 70,631.88 crores. It is also the Best Private sector Bank in India according to Indian Market. Its name is on the top 10 private banks in India where you can find your dream job and become a Reputed Bank Employee. Its headquarter is in Mumbai, the Financial Capital of India. Most of the Branches are in the metro cities like Delhi, Mumbai, and Chennai. The IndusInd bank gives a Revenue of Rs 18,577 crores in the year 2019. It provides a wide range of services like Loans (home, auto, business, personal), Consumer Banking, Corporate Banking, Investment Banking, Private Banking, Finance & Insurance, Debit, and Credit cards. The IndusInd Bank charges 6.85% on the HOME loan and 9.85% on Personal Loan.
- IndusInd Bank Number of Branches – 1,558+
- IndusInd Bank Number of ATMs – 2,453+
- IndusInd Bank Number of Employees – 25,000+
No 10. Yes Bank
According to RBI, the Yes Bank gained the last position in the List of top 10 banks in India | largest banks in India. It is a new generation leading and fastest Growing Private Sector Bank in Indian Market. It is Established in the Year 2004. Rana Kapoor and Ashok Kapur were known as the founders of Yes Bank. Prashant Kumar is the current MD & CEO, whereas Sunil Mehta is the current serving Chairman of Yes Bank Ltd. It holds a Market capitalization of Rupees 46,226.29 crores. It is also the Best Private sector Bank and Popular Bank in India, according to RBI. Its name is on the top 10 private banks in India where you can find your dream job and become a Reputed Bank Employee. Its headquarter is in Mumbai, the Financial Capital of India. Most of the Branches are in Delhi, Mumbai, Kolkata, Bengaluru, and Chennai. YES, the bank gives the Revenue of Rs 25,419 crores in the year 2019. It provides a wide range of services like Loans (home, auto, business, personal), Debit and Credit cards, Consumer Banking, Corporate Banking, Investment Banking, Private Banking, Finance & Insurance. The YES Bank charges 8.95% on the HOME loan and 10.75% on Personal Loan.
- Yes Bank Number of Branches – 1,122+
- Yes Bank Number of ATMs – 1,220+
- Yes Bank Number of Employees – 18,000+
Final Thought:- Based on Research & analysis, here is the list of Top 10 Banks In India | Largest Banks In India. This is an Overview of 10 trustable banks in India. We have categorized these Banks based on Services, Ratings, and Popularity in the Indian Market. We kept the State Bank of India at the first position because of its popularity and faith of Indian citizens in this Bank. Some other Banks like RBL Bank, UCO Bank, Union Bank of India, and IDFC Bank are not compatible with the above list of the top 10 biggest banks of all time. We hope that the above article will give you the idea to choose a trustworthy Bank.
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