Top 10 Banks in India

Over the centuries, banks developed to become financial institutions where people could easily deposit and withdraw money. While a bank’s main purpose is to provide customers with financial services that help them maintain their lives, the Indian banking sector is one reason our economy is intact.

Top 10 Banks in India

It is also the most leading industry when it comes to the economy. The banks are adequately capitalized and well managed as per the Reserve Bank of India (RBI).

Now that technology is literally in our hands, banks are stepping up the ante to attract more consumers by offering relevant features. So, I have listed the top 10 banks in India that will keep your money safe and are known nationwide.

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10. Punjab National Bank

Top 10 Banks in India

Established as a part of the Swadeshi movement in April 1985, Punjab National Bank is headquartered in New Delhi. PNB is a state-owned corporation that has a market capitalization of ₹37,411.52 crores. With over 7000 branches (which includes 62% of the branches set up in rural and semi-urban areas) and 10,681 ATM centers, it’s one of the top 10 banks in India. It offers various services relating to banking and finance such as credit and debit cards, FD, RD, home loan, education loan, two-wheeler loan, etc.

The bank’s PNB One app makes it easy to transfer money online or even open an FD/RD. Even though it was in the news back in February 2018, for now, fugitive Nirav Modi fraud, the bank is still preferred by its 180 million customers. PNB’s total assets are around ₹8.51 lakh crores (US$120 billion).

9. Yes Bank

Top 10 Banks in India

Yes Bank Ltd. is one of the top 10 banks in India and amongst the developing banks since 2004 in terms of branch banking, investment banking, SME banking franchise, financial markets, and corporate finance. The Reserve Bank of India honored Yes Bank in Greenfield bank license for the last two decades. It has a market capitalization of ₹64,913.53 crores.

When it comes to retail banking and asset management subsidiary functions, Yes Bank has never neglected to interest its customers. The bank has more than 18,000 employees and over 1,150 branches, and 1800 ATMs. Yes Bank’s total assets are around ₹2.58 lakh crores (US$36 billion).

8. IDBI Bank

Top 10 Banks in India

Industrial Development Bank of India or better known as IDBI, was founded in July 1964. It was a special act of Parliament in order to finance huge industries. The public sector bank is headquartered in Mumbai, which provides several benefits to its customers such as agriculture loans, mortgage loans, private banking, finance and insurance, consumer banking, corporate banking, private equity, and investment banking.

IDBI also offers several credit cards and problem-free loan options. Most transactions can be done online since the bank has made major contributions to the Digital India campaign. IDBI Bank’s total assets are around ₹3 lakh crores (US$42 billion).

7. IndusInd Bank

Inaugurated in April 1994, Induslnd Bank one of the top 10 banks in India, which is the first of its kind – a new generation private bank in India, headquartered in Pune. The bank offers electronic banking products and services, as well as commercial and transactional assistance. It specializes in producing retail banking services and constantly upgrading its support systems with fresher technologies.

IndusInd Bank has over 2453 ATMs and 1,558 branches throughout the nation, with some representative branches in Abu Dhabi, Dubai, and London. It has a market capitalization of Rs. 1,07,064.08 crores. IndusInd Bank’s total assets are around ₹3.07 lakh crores (US$43 billion).

6. Bank of Baroda

Top 10 Banks in India

Bank of Baroda was established in 1908. Headquartered in Vadodara in Gujarat, the bank has over 9,500 branches worldwide and 13,400 ATM centers across India. Some of the basic banking services it provides include debit and credit cards, wealth management, and loans. In 1969, the bank was nationalized by the Indian government, after which it came under profit marketing public sector undertaking or PSU. Bank Of Baroda’s total assets is around ₹12 lakh crores (US$170 billion).

5. Axis Bank

Axis Bank was established in 1993 as a part of India’s Unit Trust (UTI). Headquartered in Mumbai offers corporate banking, consumer banking, private equity, finance, insurance, debit and credit cards, wealth management, mortgage loans, investment banking, etc., making it one of the top 10 banks in India. There are over 3000 Axis branches in India and 13,000 ATMs, along with 9 offices abroad.

The bank’s 69.19% shares are controlled by banks, insurance companies, mutual funds, banks, falls, and other forms of individual investors, while the promoters group owns the remaining 30.81% of its market shares. Axis Bank’s total assets are around ₹9.28 lakh crores (US$130 billion).

4. State Bank of India

State Bank of India, or SBI, is the largest bank in India, with over 264,041 employees and 26,340 branches across India. It is also a fortune 500 company whose Corporate Centre is located in Mumbai. The bank has 57 zonal offices located in major cities spread throughout the nation and 14 local head offices. The services offered by SBI include asset and wealth management, consumer banking, corporate banking, debit and credit cards, investment banking, finance and insurance, mortgage loans, car loans, home loans, private equity, savings, securities, and private banking. SBI’s total assets are around ₹41.97 lakh crores (US$590 billion).

3. Kotak Mahindra Bank

Kotak Mahindra Bank was founded in February 2003 whose license was issued by the Reserve Bank of India. It has over 1,369 branches and 2,163 ATMs across India. It ranked 245th in Brand Finance Banking 500. The bank offers a myriad of banking features such as insurance policies, privileged banking, personal finance, investment banking, NRI banking, wholesale banking, and subsidiaries in general insurance, life insurance, and wealth management. It is known for its meritocratic culture. Kotak Mahindra Bank’s total assets are around ₹4.43 lakh crores (US$62 billion).

2. ICICI Bank

Top 10 Banks in India

Founded in June 1994, the Industrial Credit and Investment Corporation of India or more commonly known as ICICI is one of the top 10 banks in India, which is highly regarded. The private sector bank has over 14,367 ATMs and 4867 branches throughout the nation. ICICI Bank is headquartered in Mumbai and has an international presence in 16 countries, including the UK and Canada (subsidiaries), US, Singapore, Qatar, Oman, Sri Lanka, Bahrain, etc. Consumers can opt for loans, insurance policies, credit and debit cards, withdrawals and deposits, and other services. ICICI’s total assets are around ₹13.77 lakh crores (US$190 billion).

1. HDFC Bank

Housing Development Finance Corporation Limited or HDFC Bank is a private bank that was founded in 1994. Headquartered in Mumbai, the bank has over 1200 ATM’s and 4,800 branches across India. It offers services such as consumer banking, credit and debit personal loans, car loans, consumer financial services, and forex cards. HDFC Bank’s total assets are around ₹15.81 lakh crores (US$220 billion).


Which is the number 1 bank in India?

HDFC Bank is the number 1 bank in India, according to Forbes’ world’s Best bank report. As of 31 March 2018, it has 88,253 permanent employees and has branches in foreign countries such as Bahrain, Dubai, and Hong Kong. It is also India’s largest private sector lender by assets.

Which bank is the safest in India?

HDFC Bank, State Bank of India, ICICI Bank, AXIS Bank, Kotak Mahindra Bank, IndusInd Bank, Kotak Mahindra Bank, Bank Of Baroda, IndusInd Bank, IDBI, Yes Bank, etc. ate some of the safest banks in India.

Which is the biggest bank in India?

State Bank of India is the biggest bank in India, with over 26,340 branches and 264,041 employees.

Which is the smallest bank in India?

Here is a list of some of the smallest banks in India:

  • Operational SFBs in India
  • Janalakshmi Small Finance Bank.
  • Equitas Small Finance Bank.
  • AU Small Finance Bank.
  • Ujjivan Small Finance Bank.
  • Capital Small Finance Bank.
  • ESAF Small Finance Bank.
  • Utkarsh Small Finance Bank.
  • Suryoday Small Finance Bank.

Is Axis a government bank?

No, Axis Bank is the first private sector bank authorized by India’s Reserve Bank (RBI). Since 1st October 2003, Axis Bank has handled all Central Government Business and State Government Business.

Which are the nationalized banks in India?

Andhra Bank, Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, and Vijaya Bank are the nationalized banks in India.

Which is the best RD or FD?

Even though both the RD and FD are fixed income products that every bank makes available for its customers, a fixed deposit account is preferred more than a recurring deposit account. The attraction for a recurring deposit and a fixed deposit is the fixed returns with the security of money invested.


These are the top 10 banks in India. You can invest your money in those banks, and rest assured, it will stay safe. Now that our economy is in tatters, thanks to many factors such as demonetization and COVID-19, saving money has never been the need of the hour. You can start a Fixed Deposit or a Recurring Deposit with the aforementioned banks so that you can withdraw it in emergencies.


Which bank are you a customer of? Do you have accounts in more than two banks? Which, according to you, is the safest bank? Let us know your thoughts in the comments below.