Banks are financial institutions that may be private or a public that provide financial services to society. Banks are essential institutions for maintaining trade. They facilitate payment transactions, and offer personal credit, helping in the development of national and international trade. In India alone, there are more than 21 public bank sector, and 12 government banks. But, which of these are the top 10 banks in India? We may have different opinions on it. This is why, here, we will see the list of the top 10 banks in India.
This bank is the largest private bank in this country. In the year of 1994, this bank started its journey. Being the first bank ever to get RBI approval. Till 2019 data, HDFC has more than 4780 branches, and 12,700 ATMs.
State Bank of India (SBI)
Being the largest Govt. bank in India, SBI has more than 190 international branches in 36 countries, which include America, Australia, New Zealand, France, New Guiney, etc. This bank was established in the year 1955 and had more than 16,000 branches, 9000 ATMs in India.
The name of ICICI Bank included in India’s most significant and successful banks. ICICI Limited established in the year 1994. In March 2018, the total income of this bank was 11,242 billion and a profit of more than 67 billion rupees. Currently, it has 4,868 branches and 14,400 ATMs.
Kotak Mahindra Bank
Kotak Mahindra got its license as a bank in February 2003. Till 1985, this group was building its trust among the people with a place in the field of finance service. In 2015, Kotak Mahindra bought ING Vysya Bank. It has almost 2000 + branches, and 2600 ATMs.
After Shikha Sharma, the Managing Director of Axis Bank is Mr. Amitabh Chaudhry. This bank established in the year 1993 as UTI Bank. Its headquarters is in Ahmedabad. Being the third-largest private bank, it has more than 3000 branches and more than 14,000 ATMs across the country.
With the privatization of banks, there was a flood of private banks in 1993-94. IndusInd Bank was a part of it. This bank started with a capital of 100 CR. IndusInd has 2000 + branches and 4700 + ATMs. it is a Mumbai based new generation bank.
Being the fourth largest private bank, its founder is Rana Kapoor. And for the last two decades, his credibility has been gaining ground among its consumers. Yes, the bank’s net profit has increased by 24% in the previous financial year. It currently has more than 1000 branches and 1,800 ATMs across the country.
Bank of Baroda
Being one of the oldest banks in India, Bank of Baroda founded in 1908. This bank, along with 13 other banks, got the status of Nationalized Bank in the year 1969. Recently, this organization has more than 55 million users in 20 + countries.
Punjab National Bank
In the year 1895, PNB established the first branch. The first board of directors consisted of people from every background of that period. The primary objective of all was to provide a genuine national bank to the country. At present, this bank has more than 7000 branches and more than 10,000 ATMs across the country.
It is one of the largest public sector banks in india which is under/owned by the Government of India. This oldest public sector bank in the country was established in 1910 and given the status of National Bank in 1969. It has more than 7000 branches and more than 10,000 ATMs across the country.