Most Valuable Top 10 Banks in India – Largest Banks in India

Banks play a major role in the Country’s financial system. Banking is a vital part of our life, so it’s important to know which are the top 10 banks in India.

Apart from traditional banking services, banks also provide trading facilities, business banking, wealth management, stockbroking, insurance, and other services.

There are 34 banks in India, 12 of which are owned by the Government, and 22 are Private sector banks.

There are mainly two types of banks available by ownership.

1. Public Sector Bank 

The banks which are controlled and managed by the Government of India are known as public sector bank.

2. Private Sector Bank

The banks which are control and managed by private authorities are private banks.

What is the Capital Adequacy Ratio?

Capital Adequacy Ratio is a measure of a Bank’s capital and risk. If the bank’s Capital Adequacy Ratio is high, it considered safe and likely to meet its financial obligations.

Here we give you the information of the top 10 banks in India.

10. Yes Bank

Yes Bank

Type – Private Sector Bank

Capital Adequacy Ratio – 8.5% (March 2020)

Yes Bank comes on Number (10) from our list of top 10 banks in India.

Yes Bank Limited established in November 2003 by Rana Kapoor. The Bank obtained the certificate of commencement of business in the year 2004.

Yes Bank has three subsidiaries which are:

  1. Yes Bank
  2. Yes Capital
  3. Yes Asset Management Services.

Yes Bank providing services such as credit cards, Digital banking, Investment banking solutions, treasury and risk management, loans, transaction banking, debt capital markets, etc.

In the month of March 2020, RBI announced that in the interest of Yes Bank’s customers and depositors, it would suspend and supersede it’s board and impose a 30-day moratorium on its operations.

The RBI cited Yes Bank’s failures to raise new funding to cover its non-performing assets and its under-reporting of its non-performing assets, among other factors, as the impetus for this moratorium.

After that Union Cabinet approved the reconstruction scheme for the Bank and moratorium lifted. Prashant Kumar becomes a  new CEO of the bank.

In the year 2020, The revenue of the company is INR 10,247 crore while the market capitalization is approx INR 32,195.55 crore.

9. Punjab National Bank (PNB)

Punjab National Bank (PNB)

Type – Pubic Sector

Capital Adequacy Ratio – 14.14%(2020)

Punjab National Bank (PNB) comes on Number (9) from our list of top 10 banks in India.

Punjab National Bank (PNB) is the 2nd largest public sector bank of India. The headquarter of the bank located in New Delhi, India.

The bank established in 1894. Some of the major subsidiaries of PNB are:

  • PNB Housing Finance Ltd
  • PNB Metlife India Insurance Company Co. Ltd
  • PNB Investments Services Ltd
  • PNB (International) Ltd
  • PNB Gilts Limited

PNB has representative offices in many countries such as

  • Austalia
  • Kazakhstan
  • Dubai (United Arab Emirates)
  • China and Norway

PNB has subsidiary banking companies in the UK as well as branches in Hong Kong, Kowloon, Dubai, and Bhutan.

In April 2020, PNB merged with the United Bank of India and Oriental Bank of Commerce, After the merger PNB has over 180 million customers, 10,910 branches, and 13,000+ ATMs.

PNB has Market Capitalization of approx INR 30,668.65 crore and Revenue INR 80,512 crore (2020) with 1,03,000 employees.

8. IndusInd Bank

Indusind Bank

Type – Private Sector

Capital Adequacy Ratio – 14.16 % (March,2019)

IndusInd Bank comes on Number (8) from our list of top 10 banks in India.

In 1994, IndusInd Bank inaugurated by Formal prime minister Dr. Manmohan Singh. It is the first among the new-generation private banks headquartered in Mumbai.

IndusInd Bank has nearly 2,000 branches and 2,617 ATMs across India, The bank also has representative offices in Abu Dhabi, Dubai, and London.

IndusInd Bank offers services in various categories such as

  • Account (Current, Salary, and Savings)
  • Deposits
  • Loans
  • Cards
  • Insurance
  • Investment
  • Foreign Exchange Related Services
  • Digital Payment Services, etc.

The market capitalization of IndusInd Bank is approx INR 36,315.12 crore, while revenue is INR 35,735.50 crore (March 2020).

7. IDBI Bank


Type – Pubic Sector

Capital Adequacy Ratio – 13.31%

IDBI Bank comes on Number (7) from our list of top 10 banks in India.

The full name of IDBI is the Industrial Development Bank of India. IDBI Bank founded in 1964 by an act to provide credit and other financial facilities for the development of the fledgling Indian industry.

Life Insurance Corporation (LIC) is the parent company of IDBI Bank.

IDBI Bank offers services like:

  • Credit Cards
  • Investment Banking
  • Retail Banking
  • Consumer Banking
  • Pensions
  • Mortgages
  • Commercial Banking
  • Asset and Wealth Management, etc.

Subsidiaries of IDBI Bank is:

  • IDBI Federal Life Insurance Company
  • IDBI MF Trustee Company
  • IDBI Capital Markets & Securities
  • IDBI Trusteeship Services
  • IDBI Asset Management
  • IDBI Intech

The market capitalization of the bank is approx INR 40,172.90 Crore.

While in 2020 the company reported revenue INR 1,448 crore, Operating income INR 5,112 crore, Net income INR 2,887 crore, Total assets INR 2,99,942 crore. The number of employees in IDBI is 18,000 (Mar 2019).

6. Bandhan Bank

Bandhan Bank

Type – Pubic Sector

Capital Adequacy Ratio – 26.7% (April 2020)

Bandhan Bank comes on Number (6) from our list of top 10 banks in India.

Bandhan Bank Limited established in the year 2014. It is the holding company of Bandhan Financial Holdings Limited, which is owned by Bandhan Financial Service Limited.

As of 2020, Bandhan Bank has 4,559 Branches. The main services of the Bandhan Bank are NRI banking, all types of accounts, loans, deposits, and credit cards.

Bandhan Bank has mobilized deposits more than INR 60,610 crore with total advances to stand INR Rs. 74,331 crore (June 2020).

In the year 2020, Revenue of the bank is INR 7,873 crore, Operating income is INR 5,446 crore and Net income INR 3,024 crore, while the market capitalization is approx INR 48,308.25 crore.

5. Axis Bank

Axis Bank

Type – Private Sector

Capital Adequacy Ratio – 17.53% (March 2020)

Axis Bank comes on Number (5) from our list of top 10 banks in India.

Axis Bank is one of the largest private-sector banks in India. The head office of the bank located in Mumbai, Maharashtra. Axis Bank incorporated in December 1993 as UTI Bank.

Axis Bank mainly offers its financial services to large and mid-size companies, SME, and retail businesses.

Axis Bank established Axis Remote Banking service, with this they are providing services like Transfer funds through NEFT or RTGS, Order Demand Drafts, Request checkbook, Request statements, stop cheque requests and much more remotely.

Axis Bank also holds many subsidiary companies which are:

  • Freecharge
  • Accelyst Solutions Private Limited
  • Axis Securities Limited
  • Axis Bank UK Limited
  • Axis Mutual Fund Trustee Limited
  • Axis Trustee Services Limited
  • Axis Capital Limited
  • Axis Finance Limited, etc.

In 2020, Axis Bank has approx 4,800 branches, 17,801 ATMs, and 4,917 cash recyclers across India. While the Axis Bank has a market capitalization of approx INR 1,22,192.71 crore.

4. State Bank Of India (SBI)

State Bank Of India (SBI)

Type – Pubic Sector

Capital Adequacy Ratio – 13.73% (March 2020)

State Bank Of India (SBI) comes on Number (4) from our list of top 10 banks in India.

In India, State Bank of India (SBI) is the largest public sector bank, which started in 1806 as a Bank of Calcutta.

In 1955 Bank of Calcutta nationalized by the Indian Government as State Bank of India (SBI).  In the year, SBI is ranked 236th in the Fortune Global 500 list of the world’s biggest corporations.

SBI offers the following services to its customers:

  • Savings Account
  • Debit/Credit Cards
  • Fixed Deposits
  • Loans
  • Net Banking
  • Mobile Banking, etc.

In the year 2017, SBI merged with State Bank of Jaipur, Bikaner, Mysore, Travancore, Hyderabad, and Patiala.

SBI offers a unique account type, which is the salary account. The key benefits of the salary account are no minimum balance required and free unlimited transactions across all bank ATMs, free multicity cheques, open internet banking and an additional ATM card for the joint account holder, and many more.

Market Capitalization of State Bank Of India (SBI) is approx; INR 1,70,103.10 crore and revenue are approx INR 1,43,000 crore (2020).

3. ICICI Bank


Type – Private Sector

Capital Adequacy Ratio – 16.11% (March 2020)

ICICI Bank comes on Number (3) from our list of top 10 banks in India.

ICICI stands for (Industrial Credit and Investment Corporation of India), it was established in 1994. In 1998 ICICI started internet banking operations.

ICICI Bank serves major services in banking and financial sectors such as:

  • Asset Management
  • Investment Banking
  • Venture Capital, etc.

ICICI Bank is one of the major banks in India. In India, the bank has very huge network which includes around 5,275 branches and 15,589 ATMs.

Not only in India, but ICICI Bank has a presence in several countries of the world, which includes the UK, Oman, South Africa, Hong Kong, the United States, Canada, Singapore, and China.

As of 2019, ICICI Bank has around 84,922 employees In India. ICICI Bank market capitalization is approx INR 2,30,326.29 crore.

2. Kotak Mahindra Bank

Kotak Mahindra Bank

Type – Private Sector

Capital Adequacy Ratio – 17.9% (March 2020)

Kotak Mahindra Bank comes on Number (2) from our list of top 10 banks in India.

Kotak Group owns Kotak Mahindra Bank. It is the 2nd largest bank (after HDFC) in India. Uday Kotak started it in the year 2003, the headquarter of the Kotak Mahindra Bank is in Mumbai, Maharashtra.

Kotak Mahindra Bank providing various types of services such as:

  • Life Insurance
  • Wealth Management,
  • Investment Banking
  • Personal Finance, etc.

In 2015 Kotak Mahindra Bank acquired ING Vysya Bank, which valued 2.1 billion USD. The Bank has enormous market capitalization, which is around INR 2,64,297.82 crore, and the Bank’s revenue is around INR 33,665 crore (March 2020).

1. HDFC Bank


Type – Private Sector

Capital Adequacy Ratio – 18.5% (March 2020)

HDFC Bank comes on Number (1) from our list of top 10 banks in India.

HDFC Bank was the first private bank approved by the RBI in 1994. HDFC bank’s significant subsidiaries are HDFC Securities (HSL) and HDB Financial Services (HDBFSL).

In the year 2008, Centurion Bank of Punjab merged with HDFC Bank. The shareholders of the Centurion Bank of Punjab got excellent benefits with it.

Shareholders of Centurion Bank of Punjab received a share of HDFC Bank in the ratio of 29:1, which means they received 1 HDFC Bank share of every 29 shares of Centurion Bank of Punjab.

After deal completed, HDFC Bank has a deposit near INR 1,22,000 crore and net advances of around INR 89,000 crore. Not only this, but both the banks got more value in share market, geographic range, and customer base.

HDFC Bank owned Payzapp and SmartBUY both the digital platforms. HDFC Bank also provides transactional and commercial services with banking products to the customers.

In the year 2020, the HDFC Bank market capitalization is around INR 5,66,420.45 crore.

Conclusion – These banks are the top 10 banks in India. We hope you now have a better understanding of the top 10 banks in India.



My name is Jack, I am an enthusiast writer from my childhood, and I am currently working as a writer and reviewer of articles on the website. I am passionate about my work, and I love to write articles on different topics, mainly top 10 lists based articles on different topics.

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