Top 10 banks in India (2024)

May 16, 2023, 12:51 PM IST

Bhawna Gupta

Image: Pixabay & official websites

Bhawna Gupta

Here is a list of top 10 Indian banks as per their market capitalisation as on May 16 2023.

It is one of the largest banks in India in terms of assets and market capitalisation.

ICICI Bank (6.65 lakh crore)

It is one of the leading private-sector banks in the country.

State Bank of India (5.23 lakh crore)

With a 23% market share by assets, the SBI is the largest public sector bank in the nation.

Kotak Mahindra Bank (3.90 lakh crore)

The Kotak Mahindra Bank is one of the leading players in the banking sector of India and is headquartered in Mumbai.

Axis Bank (2.82 lakh crore)

It is the fifth largest private sector bank in India in terms of market capitalisation.

Bank of Baroda (95.5K crore)

One of the nation's top participants in the banking industry is Bank of Baroda. BoB had the highest market capitalisation in April 2019 with Rs 35,251.50 crore.

IndusInd Bank (94.58K crore)

Private lender IndusInd was founded in 1994 and is headquartered in Mumbai.

Punjab National Bank (54.5K crore)

It is the second-largest public sector bank in India.

Yes Bank (45.6K crore)

Mumbai-headquartered Yes Bank was founded by Rana Kapoor and Ashok Kapoor in 2004.

Bank of India (32.1K crore)

Bank of India is one of the largest public sector banks in India.

Top 10 banks in India (2024)

FAQs

Top 10 banks in India? ›

State Bank of India (SBI)

Who is the No 1 bank in India? ›

List of Top 10 Banks in India
RankingBank's Name
1.HDFC Bank
2.State Bank Of India (SBI)
3.ICICI Bank
4.Axis Bank
6 more rows
Apr 2, 2024

Which is the No 1 safe bank in India? ›

State Bank of India (SBI)

Which is India's No 1 private bank? ›

List of Top 10 Best Private Banks in India 2024
Bank NameTotal BranchesCity of Headquarter
HDFC Bank7915Mumbai
ICICI Bank6074Mumbai
Axis Bank5000Mumbai
Kotak Mahindra Bank1996Mumbai
6 more rows
Mar 13, 2024

Which is richest bank in world? ›

Chinese Banks Keep on Growing
RankBankTotal Assets
1Industrial and Commercial Bank of China$5.7T
2China Construction Bank Corp$5.0T
3Agricultural Bank of China$4.9T
4Bank of China$4.2T
46 more rows
Mar 19, 2024

Which bank is very rich in India? ›

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

Which bank is most reliable? ›

Summary: Safest Banks In The U.S. Of April 2024
BankForbes Advisor RatingProducts
Chase Bank5.0Checking, Savings, CDs
Bank of America4.2Checking, Savings, CDs
Wells Fargo Bank4.0Savings, checking, money market accounts, CDs
Citi®4.0Checking, savings, CDs
1 more row
Jan 29, 2024

Who is No 2 bank in India? ›

The State Bank of India (SBI) is a government bank in India that boasts a market capitalization of Rs. 5.34 trillion. The largest public sector bank of India and second in the list of 10 best banks in India, as well as a financial services statutory body.

Which bank is best for international transactions in India? ›

If you ask me, the following is the list of the best banks for international transactions in India.
  • ICICI.
  • HDFC.
  • PNB.
  • SBI.
  • Axis.

What are the top 3 banks in India? ›

List of Top 10 Banks in India
  1. HDFC Bank. Type: Private Company. ...
  2. ICICI Bank. Type: Private Sector. ...
  3. State Bank of India (SBI) Type: Public Company (Government of India) ...
  4. Kotak Mahindra Bank. Type: Private Sector. ...
  5. Axis National Bank. Type: Private Sector. ...
  6. IndusInd Bank. Type: Private Sector. ...
  7. Bank of Baroda. ...
  8. Punjab National Bank.
Dec 8, 2023

Which is the fastest growing bank in India? ›

Kotak Mahindra is one of the fastest growing banks in India, and the flagship for the financial services conglomerate Kotak Group. The bank's product offer is huge, with a range of services and accounts for personal, corporate, business and private customers.

Who is the No 4 private bank in India? ›

Details of Private Sector Banks in India
Sl no.Bank NameHeadquarter
1Axis BankMumbai, Maharashtra
2HDFC BankMumbai, Maharashtra
3ICICI BankMumbai, Maharashtra
4CSB BankThrissur, Kerala
17 more rows

Which bank do billionaires use? ›

JP Morgan Private Bank

“J.P. Morgan Private Bank is the more elite program serving ultra-high-net-worth individuals,” Naghibi said. “It offers comprehensive services in savings, checking and retirement account management.

Which bank is most rich in USA? ›

What Is the Richest Bank in America? JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets.

Which bank is World No 1? ›

By total assets
RankBank nameTotal assets (2022) (US$ billion)
1Industrial and Commercial Bank of China Limited5,742.86
2China Construction Bank5,016.81
3Agricultural Bank of China4,919.03
4Bank of China4,192.12
96 more rows

Which is best international bank in India? ›

Best Bank for International Banking in India

American Express Banking Corporation, DBS Bank India Limited, Bank of America, Citibank N.A, Barclays Bank Plc, Deutsche Bank, HSBC Ltd, Standard Chartered Bank, and others are among the best banks in India for international banking.

Which bank account is best in India? ›

Top Savings Bank Accounts of 2024
  • State Bank of India (SBI) Savings Account. Balances less than Rs. 10 Crore - 2.70% p.a. ...
  • HDFC Bank Savings Account. ...
  • Kotak Mahindra Bank Savings Account. ...
  • DCB Bank Savings Account. ...
  • RBL Bank Savings Account. ...
  • IndusInd Bank Savings Account. ...
  • ICICI Savings Bank Account. ...
  • Axis Bank Savings Account.
Apr 3, 2024

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