The banking sector plays a vital role in any economy's growth and development, as it provides financial services to people and businesses.
Top 10 Banks In India
India has a modern banking system that can be said to be very efficient. There are several banks in India but there are only a few notable banks that have earned the trust of the citizens.
| Ranking | Bank’s Name |
|---|---|
| 1. | State Bank Of India (SBI) |
| 2. | HDFC Bank |
| 3. | Punjab National Bank(PNB) |
| 4. | ICICI Bank |
| 5. | Union Bank Of India |
| 6. | Kotak Mahindra Bank |
| 7. | Axis National Bank |
| 8. | IndusInd Bank |
| 9. | Yes Bank |
| 10. | Bank Of Baroda |
State Bank of India (SBI)
State Bank of India is one of the biggest public sector banks in India.
The bank offers home, personal loans, personal and credit cards, travel cards, and insurance policies.
SBI also deals in education loans, health insurance options, and vehicle and home insurance.
On the technology front, the bank has made significant strides in digital penetration by enhancing services such as mobile banking, unified payments interface (UPI), e-KYC for UPI transactions, and several other apps.
Founded | July 1, 1955 |
Headquarters | Mumbai, Maharashtra |
Industry | Banking and Financial Services |
Type | Public Sector |
Chairperson | Dinesh Kumar Khara |
Products | Consumer and corporate banking NRI Account Services Loans and insurance investment banking private equity asset management wealth management |
HDFC
HDFC Bank Limited (HDFC Bank), is a leading private sector bank and financial services provider.
HDFC offers outstanding integrated financial products such as retail banking, small savings schemes, asset management and wealth management, and corporate overdraft.
Founded | August 1994 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial Services |
Type | Private Sector |
CEO | Sashidhar Jagdishan |
Products | Treasury Retail Banking Wholesale Banking Third-party product distribution Primary dealership business, and Other Banking Operations |
Punjab National Bank(PNB)
The Punjab National Bank was established in 1894 and was purely managed by Indians, making it the first Swadeshi Bank in India.
Today, PNB is an integrated financial services provider offering banking, insurance, asset management, and more services to its customers.
Founded | 19 May 1894 |
Headquarters | New Delhi, India |
Industry | Financial & Banking Services |
Type | Public Sector |
CEO | Atul Kumar Goel |
Products | Credit cards Consumer banking Corporate banking Finance and insurance Cash management services Doorstep banking services Private banking Corporate loans Wealth management |
ICICI Bank
ICICI Bank Limited is a leading financial services company in India with extensive domestic and international operations.
ICICI Bank offers loans to individuals, entities, and corporations for the purchase of homes, building accessories, commercial businesses, automobile needs, personal needs, and agricultural requirements. The bank offers services such as foreign exchange, remittance, import/export financing, and advisory to trade matters.
Founded | 1994 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Private Sector |
CEO | Sandeep Bakhshi |
Products | Savings Accounts Insurance Loans Investment management Wealth management Foreign exchange services Social security schemes |
Union Bank Of India
Union Bank of India is one of the largest banks in the country. It is engaged in banking, financial services, payment systems, and insurance.
The Head Office building of the Bank was inaugurated by Mahatma Gandhi, in 1921. The bank has received numerous awards and accolades for its technological, digital banking, and financial inclusion initiatives.
Founded | 11 November 1919 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Public Sector |
CEO | A. Manimekhalai |
Products | Wealth management Mutual funds and Demat Insurance MSME credit cards Loan syndication & debt reconstructing NRI services Remittances Treasury, and more |
Kotak Mahindra Bank
Kotak Mahindra Bank is one of the fastest-growing banks in India.
It offers transaction banking, corporate and investment banking, textiles and real estate assets management, etc. In addition to this, the Bank has set up Regional Nodes across India which enables customers to avail services at their doorstep.
Founded | 21 November 1985 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Private Sector |
CEO | Uday Kotak |
Products | Personal banking Loans & Advances Deposits National Pension scheme Treasury products Overdraft facilities Kotak Realty Fund Investment banking Kotak securities, and more |
Axis National Bank
Axis Bank Limited is India's third-largest private bank.
The bank's interests are well spread across the corporate credit market, including large and multinational companies.
It also has a strong presence in government securities underwriting and distribution, both in India and overseas. It is also one of the most profitable banks in India with good asset quality ratios.
Founded | 1993 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Private Sector |
CEO | Amitabh Chaudhry |
Products | Personal banking Forex services Digital FD Retail Lending Insurance Digital banking services Cash management services Treasury services |
IndusInd Bank
With operations spread across all major cities and towns of India, IndusInd bank’s banking portfolio includes corporate banking, retail banking, treasury and information technology, among others.
The bank is one of the most preferred choices for Indians all over the world because of its renowned brand name in India and abroad.
The bank enjoys clearing bank status for major stock exchanges - BSE and NSE, commodity exchanges in India - MCX NCDEX NMCE
Founded | April, 1994 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Private Sector |
CEO | Sumant Kathpalia |
Products | Personal banking Corporate banking Forex services Loans Payment products Financial Inclusion Merchant Acquisition products Tax Payments NRI/high-net-worth individual banking Deposits, etc |
Yes Bank
YES BANK is a full-service commercial bank providing a complete range of products, services, and technology-driven digital offerings to retail, MSME as well as corporate clients.
The Bank's investment banking, merchant banking, and brokerage operations are handled by YES SECURITIES, a fully owned subsidiary of the bank.
While this bank did undergo a crisis in the past, it is well on its way to recovery.
Founded | 2004 |
Headquarters | Mumbai, Maharashtra |
Industry | Financial & Banking Services |
Type | Private Sector |
CEO | Prashant Kumar |
Products | Banking Services Escrow Lending for businesses Trade advisory Working capital finance Treasury & risk management Emerging corporate banking Multinational corporate banking Foreign currency loan, and more |
Bank Of Baroda
Bank of Baroda is one of the leading commercial public sector banks in India with operations in various business segments including corporate banking, retail, wholesale, and overseas.
The Bank's solutions include personal banking which includes deposits, loans and advances services, lockers and credit cards, business banking which includes wholesale banking deposits, loans and advances services, trade finance and corporate treasury, and international business which includes NRI services, foreign currency credits.
Founded | 20 July 1908 |
Headquarters | Alkapuri, Vadodara |
Industry | Financial & Banking Services |
Type | Public Sector |
Chairman | Hasmukh Adhia |
Products | Personal banking Business banking Deposit accounts Capital gain accounts scheme Remittances Cash management services NRI banking services Offshore banking Correspondent banking, etc |
