List of Top 10 Banks in India

By : Neha Dhyani

Updated : Dec 23, 2022, 20:04

The list of Top 10 Banks in India includes several renowned government and private sector banks. Since the banking sector reforms in 1991, the Indian banking industry has come a long way and has grown fast in terms of banking infrastructure. The Top 10 Banks in India include names such as the State Bank of India, ICICI Bank, YES 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.

Top Banks in India

The Top 10 Banks in India are known for their amazing contributions to the Indian economy. There are many private and government sector banks that have previously launched schemes to help make Indian citizens more bank-savvy. The best banks in India together contribute to a 70% total market share in the economy.

Some of the Top 10 banks in India also create the largest number of job opportunities in the country. We have shared a list of the best banks and shared more details about them here.

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 -

  1. Axis Bank Ltd.
  2. Bank Of Baroda
  3. Bank of India
  4. IndusInd Bank Ltd.
  5. Punjab National Bank
  6. Kotak Mahindra Bank Ltd.
  7. State Bank of India
  8. ICICI Bank Ltd.
  9. Yes Bank Ltd.
  10. HDFC 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

State Bank of India 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

Number of Branches

24,000+

Number of Employees

2,45,642

Number of 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

Number of Branches

6,499

Number of Employees

1,41,579

Number of 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

Number of Branches

5,534

Number of Employees

97,354

Number of 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

Number of Branches

4,758

Number of Employees

78,300

Number of 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

Number of Branches

1600

Number of Employees

71,000

Number of 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

Number of Branches

2,000

Number of Employees

33,582

Number of 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

Number of Branches

12,248 branches

Number of Employees

1,03,144

Number of 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

Number of Branches

8,214

Number of Employees

79,806

Number of 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

Number of Branches

1,835

Number of Employees

51,459

Number of 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

Number of Branches

1000+

Number of Employees

23,800

Number of ATMs

1800

Net Income (2022)

₹22,423 crores

 

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FAQs on Top 10 Banks in India

Q1. Which are the Top 10 Banks in India in 2023?

Based on the extent of their network and financial revenue, the Top 10 Banks in India are Axis Bank Ltd., Bank Of Baroda, Bank of India, IndusInd Bank Ltd., Punjab National Bank, Kotak Mahindra Bank Ltd., State Bank of India, ICICI Bank Ltd., Yes Bank Ltd., and HDFC Bank Ltd.

Q2. Which bank is best in India?

Among the Top 10 Banks in India, State Bank of India is considered the best because of the range of services it offers. It is also the oldest banking institution in the country and the most trusted bank in India. State Bank of India is a favourite among people because of its affordable banking services.

Q3. Which is the No 1 bank in India in terms of customer satisfaction?

There are quite a few banks in India that are known for being the No 1 bank in India when it comes to customer satisfaction. Some of the best banks in India include Kotak Mahindra Bank, ICICI Bank, Punjab National Bank, etc.

Q4. Which among the top 10 banks in India makes the highest revenue?

Among the top 10 banks in India, the bank that makes the highest yearly revenue is HDFC bank. In 2022, HDFC Bank’s annual revenue stands at ₹1.68 lakh crores. After HDFC Bank, ICICI Bank has the second-highest annual revenue.