Banks in India: List of Top 10 Largest Banks in India, all Public and Private Sector

List of Top 10 Largest Banks in India

Banks in India: The largest banks in India have assisted India’s development in many ways. The banking sector plays a vital role in any economy’s growth. With the merger of banks in 2019, there are a total of 12 public sector banks and 21 private sector banks in India. The top 10 banks in India have dominated the banking sector for quite some time, and they have a combined market share of more than 70 percent. Check the list of Public Sector Banks and Private Sector Banks in India 2023

These banks are responsible for creating the highest number of job opportunities in the country. Moreover, they have contributed to the increasing purchasing power capability and per capita income of the country. Check the complete list of the top 10 banks in the country and find the key details about them in this article.

Top 10 Largest Banks in India, all Public and Private Sector per Market Capitalization

Below is the list of the top banks in India in terms of market capitalization for 2022. India is home to 12 public sector banks and 21 private sector banks. In addition, there are 45 foreign banks in the private sector supporting the Indian banking system.

  • HDFC Bank
  • State Bank of India
  • ICICI Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • IndusInd Bank
  • Yes Bank
  • Punjab National Bank
  • Bank of Baroda
  • Bank of India

The banks in India are divided into two categories–  scheduled banks and non-scheduled banks. Scheduled banks are those banks that are included in the second schedule of the RBI Act, 1934, while the non-scheduled banks are not listed in the second schedule of the RBI Act, 1934.

On the basis of ownership, the banks are further divided into– Private Sector Banks, Public Sector Banks, and Foreign Banks. 

Types of commercial banks in India

Scheduled Banks:- Banks that have been included in the Second Schedule of RBI Act,1934. These are categorized below.

1. Private Sector Banks:- Majority of the stake is held by private individuals. Examples of Private banks are HDFC Bank, ICICI Bank, AXIS Bank, etc.

2. Public Sector Banks:– Majority of the stake is held by the government. Examples of Public Sector Banks are Punjab National Bank, State Bank of India and Central Bank of India, etc.

3. Foreign Banks:- Banks having Head offices outside India are known as Foreign Banks. Examples of Foreign Sector Banks are Standard Chartered Bank, American Express, Citi Bank etc.

In this article, we have published the list of all the Private Sector Banks and Public Sector Banks.

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List of all Public and Private Sector Banks in India 2023

List of Public Sector Banks in India 2022
Bank NameEstablishmentHeadquarter
1. Bank of Baroda1908Vadodara, Gujarat
2. Bank of India1906Mumbai, Maharashtra
3. Bank of Maharashtra1935Pune, Maharashtra
4. Canara Bank1906Bengaluru, Karnataka
5. Central Bank of India1911Mumbai, Maharashtra
6. Indian Bank1907Chennai, Tamil Nadu
7. Indian Overseas Bank1937Chennai, Tamil Nadu
8. Punjab and Sind Bank1908New Delhi, Delhi
9. Punjab National Bank1894New Delhi, Delhi
10. State Bank of India1955Mumbai, Maharashtra
11. UCO Bank1943Kolkata, West Bengal
12. Union Bank of India1919Mumbai, Maharashtra
List of Private Sector Banks 2023
Bank nameEstablishmentHeadquarter
1. Axis Bank1993Mumbai, Maharashtra
2. Bandhan Bank2015Kolkata, West Bengal
3. CSB Bank1920Thrissur, Kerala
4. City Union Bank1904Thanjavur, Tamil Nadu
5. DCB Bank1930Mumbai, Maharashtra
6. Dhanlaxmi Bank1927Thrissur, Kerala
7. Federal Bank1931Aluva, Kerala
8. HDFC Bank1994Mumbai, Maharashtra
9. ICICI Bank1994Mumbai, Maharashtra
10. IndusInd Bank1964Mumbai, Maharashtra
11. IDFC FIRST Bank2015Mumbai, Maharashtra
12. Jammu & Kashmir Bank1938Srinagar, Jammu and Kashmir
13. Karnataka Bank1924Mangaluru, Karnataka
14. Karur Vysya Bank1916Karur, Tamil Nadu
15. Kotak Mahindra Bank2003Mumbai, Maharashtra
16. IDBI Bank1964Mumbai, Maharashtra
17. Nainital bank1922Nainital, Uttarakhand
18. RBL Bank1943Mumbai, Maharashtra
19. South Indian Bank1929Thrissur, Kerala
20. Tamilnad Mercantile Bank1921Thoothukudi, Tamil Nadu
21. YES Bank2004Mumbai, Maharashtra

In terms of revenue, HDFC Bank is the largest bank of the private sector in India while State Bank of India (SBI) is the largest public sector bank in the country.

FAQs on Best Banks in India

The frequently asked questions on the 10 Top Banks in India are given below:

Q.1: Which is the largest bank in India?
Ans: Some of the largest banks in India are HDFC, SBI, ICICI, Axis Bank, and Kotak Mahindra Bank.

Q.2: Which is the best bank in India?
: HDFC is marked as India’s No. 1 Bank in Forbes World’s best bank report.

Q.3 Which one is a better bank SBI or ICICI?
: There are several factors which determine a better bank. One comparison factor is the interest rate where SBI’s interest rate is 9.60 percent whereas, the interest rate of ICICI is 10.25 percent.

Q.4: What is the age limit for clerical posts?
Ans: The age limit for clerical posts varies according to the different banks that you opt.

Q.5: Is there any negative marking in the bank recruitment exam?
Ans: Yes, there is a negative marking of 1/4th marks deducted for every wrong answer in the exam.

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