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Top 10 Banks In India
List of Top 10 Banks In India includes several renowned government and private sector banks. After the banking sector reforms in 1991, the Indian banking industry has grown fast in terms of banking infrastructure. Top 10 Banks in India include names such as the State Bank of India, ICICI Bank, HDFC Bank etc.
In the last few decades, banks have played an important role in the growth of the economy of our country. We have shared the list of the Top 10 Banks in India, along with their details here.
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List of Top 10 Banks in India 2023
Based on various factors like the number of branches, ATMs, market share, etc., the following are the Top 10 Banks in India -
- HDFC Bank Ltd.
- State Bank of India
- ICICI Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Bank of India
- IndusInd Bank Ltd.
- Punjab National Bank
- Bank Of Baroda
- Yes Bank Ltd.
- Axis Bank Ltd.
Top Banks in India - Details
As mentioned earlier, the best banks in India contribute significantly to the Indian economy. Moreover, some of these banks also create a large number of job opportunities for Indian citizens. Here, we have shared the details of the Top 10 Banks in India -
State Bank of India
SBI is India's largest and most trusted commercial bank. It is among the oldest banking institutions in the country and is headquartered in Mumbai, Maharashtra. No doubt, it is one of the Top 10 Banks in India in 2023. SBI has a range of banking products for personal banking, corporate banking, NRI banking, wealth management and more. The bank also offers one of the best credit cards in India.
Bank Name | State Bank of India |
Branches | 24,999+ |
Employees | 2,45,642 |
ATMs | 50,000+ |
Net Income (2022) | ₹43,774 crore |
HDFC Bank
This leading bank in India has a wide range of offerings across various segments such as savings accounts, credit cards, home loans, car loans, personal loans and fixed deposits. HDFC Bank is among the top 10 banks in India because of the reputation it has earned for its services over the years.
Bank Name | HDFC Bank |
Branches | 6,500+ |
Employees | 1,41,579 |
ATMs | 18,868 |
Net Income (2022) | ₹1.68 lakh crores |
ICICI Bank
ICICI Bank is a household name for financial services in India. It is among the best banks in India with a vast network across the country. This banking institution offers a wide range of products such as savings accounts, debit cards, credit cards, fixed deposits and loans for home and personal needs.
Bank Name | ICICI Bank |
Branches | 6534+ |
Employees | 97,354 |
ATMs | 15,589 |
Net Income (2022) | ₹157,536 crore |
Axis Bank
One of the Top 10 Banks in India 2023, Axis Bank offers a host of services such as credit cards, debit cards, savings accounts, fixed deposits, and loans for personal and business needs. This bank has over 10,000 bank branches across India.
Bank Name | Axis Bank |
Branches | 4,760+ |
Employees | 78,300 |
ATMs | 10,990 |
Net Income (2022) | ₹86,114 crores |
Kotak Mahindra Bank
This is one of the best private banks among the Top 10 Banks in India. Kotak Mahindra Bank was founded in 1985 by Uday Kotak, and it was initially known as Kotak Mahindra Finance Limited. The bank had started with a capital of just ₹1 lakh, but now it has become one of India's largest private sector banks.
Bank Name | Kotak Mahindra Bank |
Branches | 1650+ |
Employees | 71,000 |
ATMs | 2519 |
Net Income (2022) | ₹11,932 crore |
Induslnd Bank
This is one of the new age private sector banks in India offering its customers personal, business, and corporate banking services. IndusInd Bank is already known as one of the best banks in India because of its quality services. It provides various financial products like deposits, loans, debit cards, credit cards, prepaid cards, mutual funds and insurance.
Bank Name | IndusInd Bank |
Branches | 2,050+ |
Employees | 33,582 |
ATMs | 2,886 |
Net Income (2022) | ₹38,230 crores |
Punjab National Bank
Being one of the Top 10 Banks in India, Punjab National Bank has a strong presence in India with more than 8,000 branches. This premier banking and financial services company is based in New Delhi, India. The bank offers online banking services like credit card bill payment options and mobile banking, ATM banking, and phone banking facilities.
Bank Name | Punjab National Bank |
Branches | 12,248+ |
Employees | 1,03,144 |
ATMs | 13,000+ |
Net Income (2022) | ₹88,339 crores |
Bank Of Baroda
Founded in 1908, the Bank of Baroda is India's most popular and trusted bank. The bank has over 8,000 branches across the nation. The bank offers personal, home, education, and car loans at affordable interest rates with minimal documentation and is the top bank of India. Bank of Baroda is also among the most successful private banks in India.
Bank Name | Bank of Baroda |
Branches | 8,213+ |
Employees | 79,806 |
ATMs | 10,033 |
Net Income (2022) | ₹82,859.5 crores |
Bank Of India
Founded in 1906 by eminent businessmen from Mumbai, Bank of India has rapidly grown over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. It is one of the best banks in India when it comes to providing quality banking services. The bank occupies a premier position among the nationalised banks in business volume.
Bank Name | Bank of India |
Branches | 1,800+ |
Employees | 51,459 |
ATMs | 3328 |
Net Income (2022) | ₹45,955 crores |
Yes Bank
Being one of the top private sector banks in India, Yes bank offers products and services through various channels such as Retail, SME, Agri & Development Banking and Corporate & Institutional Banking. It is among the top banks in India because of the diverse services that it offers. Yes Bank offers deposit products, loans and advances, investment banking services, and treasury services.
Bank Name | Yes Bank |
Branches | 1000+ |
Employees | 23,800 |
ATMs | 1800 |
Net Income (2022) | ₹22,423 crores |
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