Top 10 Banks In India 2024| Largest Banks In India

India is a developing country. Therefore, the banking sector plays a vital role in the economy to help it in moving forward. Banks aim to help people by offering them loans. Today, we will be discussing the top 10 banks in India so that you get an idea of which Bank is suitable for your needs. There are 27 Public Sector Banks, 21 Nationalised Banks, and 6 banks that belong to the State Bank Group in India.

Let’s look at Top 10 banks in India and know about some related facts.

Top 10 Banks in India Are

1. HDFC Bank Ltd.

HDFC stands for Housing Development Finance Corporation Ltd, and its headquarter is in Mumbai. It is the number one bank in the list of top 10 banks in India; apart from that, it is the largest private sector bank in India. HDFC extends various products and services and is not limited to Retail and Wholesale Banking, but also offers Home, Auto, and Business Loans, Personal Banking, Lifestyle Loans, Credit, and Debit Cards. HDFC also owned some of the leading digital products, such as Payzapp and SmartBUY.

Some facts about the HDFC Bank are:

Number of Employees – 1,00,000+
Number of ATMs – 13,160
Number of Branches – 5,103
Number of Debit Cards – 23.5 Crore+
Number of POS Terminals – 4.3 Lakhs
Number of Credit Cards – 85.4 Lakhs

Awards and recognitions in the year 2020

Asiamoney Best Bank Awards 2020
Top 75 Most Valuable Brand in India by 2020 BrandZ™
ET Innovation Awards 2020
Euromoney Awards for Excellence in 2020.

2. State Bank of India

SBI stands for the state bank of India. It is second in our list of top 10 banks in India and the largest public sector bank of India; apart from that, it is also a financial service statutory body. SBI headquarter is in Mumbai.

SBI holds a 23% market share in India. It also has a laudable presence with over 195 foreign offices across 36 countries in the overseas arena.

Some facts about SBI Bank are:

Number of Employees – 2,57,000+
Number of ATMs – 59,000+
Number of Branches – 24,000+
Number of POS Terminals – 6.08 Lakh

Rewards and recognition in the year 2020

In 2020, SBI had been ranked 221st in its most giant corporations’ Fortune Global 500 list. SBI has been awarded by The Asian Banker” as the Best Transaction Bank in India “for the second time in a row.

3. ICICI Bank Ltd

Industrial Credit and Investment Corporation of India is also known as ICICI Bank. Its headquarter is in Mumbai, but its registered office is in Vadodara, Gujrat. It is 3rd largest Bank in India. ICICI has an overseas presence with subsidiaries over Canada and the United Kingdom. The Bank also owns branches in China, Hong Kong, South Africa, Sri Lanka, Dubai International Finance Centre, United States of America, Qatar, Singapore, Bahrain, and Oman, complete with representative offices in UAE, Malaysia, and Indonesia, and Bangladesh.

Some facts about the ICICI Bank are:

Number of Employees – 84,922+
Number of ATMs – 15,101
Number of Branches – 4882

4. Bank of India

BoI stands for Bank Of India. Its headquarters is in Mumbai. BoI is a founding member of SWIFT (Society for Worldwide Interbank Financial Telecommunication).

The Bank has around 56 offices in overseas locations beyond Botswana, New Zealand, France, Singapore, Hong Kong, Japan, Kenya, United States, UK, Uganda, South Africa, Vietnam, Tanzania.

Some facts about the Bank of India are:

Number of Employees – 48,000+
Number of Branches (in India)- 5,100+

5. Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank was established in 2003, and it relishes being the 3rd largest private sector bank.

Some facts about the Kotak Mahindra Bank are:

Number of Employees – 33,000+
Number of Branches -1,390+
Number of ATMs -2,100+

6. Axis Bank Ltd.

Axis Banks is known as the 4th largest private sector bank in India. Its financial services are aimed at large and mid-size corporates, along with SMEs and retail businesses.

Some facts about the Axis Bank are:

Number of Employees – 55,000+
Number of ATMs – 11,800+
Number of Branches –4,050
Number of Cash Recyclers – 4,917

7. IndusInd Bank Ltd.

IndusInd was established in 1994. Its headquarter is in Mumbai, but its most branches are located in the Indian Metro Cities of Mumbai, Delhi, and Chennai. It also has an overseas presence in Dubai, Abu Dhabi, and London.

Some facts about IndusInd Bank are:

Number of Employees – 25,000+
Number of ATMs – 2,453
Number of Branches – 1,558

8. Yes Bank Ltd.

Rana Kapoor and Ashok Kapur established Yes Bank in 2004. It is known as one of the reputation fastest-growing private sector banks in India, thus becoming a part of the top 10 banks in India. Its functions incorporate asset management and retail banking.

Some facts about Yes Bank are:

Number of Employees – 18,000+
Number of ATMs – 1,220
Number of Branches – 1,122

9. Punjab National Bank

PNB stands for Punjab National Bank. This bank has a commendable base of more than 8 crores customers. PNB holds a decent overseas presence in Dubai and Hong Kong, complete with Offshore Banking Unit in Mumbai. Apart from that, PNB has 7 Subsidiaries in Bhutan and 7 in the UK. Furthermore, the Bank has 86 Joint Venture Branches in Nepal and 8 Associate Branches in Kazakhstan.

Some facts about PNB Bank are:

Number of Employees – 70,800+
Number of ATMs – 10,680+
Number of Branches – 7,000+

10. Bank Of Baroda

BoB stands for Bank Of Baroda. Its a public sector bank that managed to position itself in the top 10 Banks in India. Its Headquarters is in Vadodara. In 2019, this gained popularity for witnessing the first-ever 3-way merger with Vijaya Bank and Dena Bank. It is popular for the least Non-Performing Assets amounting to just 111.5%. This Bank owns a spectacular customer base of 12 crores.

Some facts about the Bank Of Baroda are-

Number of Employees – 85,000+
Number of ATMs -13,400
Number of Branches -9,544

Conclusion

In this blog, the top 10 banks in India and also learn some interesting facts about them. If you love to read such blogs, then do like and share. Stay tuned for more blogs.

Read More:

Business Talk

Business Talk is a digital business magazine that caters to CEOs, Entrepreneurs, VC, and Corporates. While working with entrepreneurs and business executives, we focus not only on their achievements. Our mission is to shed light on business entities, including their innovations, technological benchmarks, USPs, and milestones/accolades.