Which is the Largest Private Bank in India?

By Priya Gupta|Updated : June 30th, 2022

HDFC is the largest private bank in India in terms of market capitalisation with total assets of more than 16 trillion rupees. There are a total of 21 private banks in India as of 01 January 2022. The full form of HDFC is Housing Development Finance Corporation Limited which was among the first financial institution that got the approval to set up a bank by the Reserve Bank of India.

Which is India's Largest Private Sector Bank?

As a part of RBI policy on liberalization of the banking industry in 1994, HDFC was started in August 1994. It is the largest private sector bank in India as of today. Some facts about the HDFC bank are as follows:

  • Full form - Housing Development Finance Corporation
  • Incorporated in August 1994 and started its operations as a commercial bank in January 1995.
  • At present, there are approximately 6,342 branches and 18,130 ATMs of HDFC in 3188 towns and cities.
  • HDFC Headquarters is located in Mumbai, India.

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FAQs on Which is the Largest Private Bank in India?

  • Based on the market capitalisation, HDFC is the largest bank in India followed by the State bank of India popularly known as SBI. If we consider only private sector banks, then HDFC is the largest followed by ICICI bank.

  • ICICI is the second-largest private bank in India with total assets of around 15 trillion INR. It was promoted by ICICI Limited in 1994. The full form of ICICI is the Industrial Credit and Investment Corporation of India.

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