Top 10 Banks in India

Top 10 Banks to invest in India

As India has good banking Service there is tough competition in ranking the top 10 banks in India with and powerful finance sector. Indian Banking is sum up with 21 private sector banks, 27 public sector banks,49 foreign banks,56 regional rural banks, 1562 urban cooperative banks, and 94384 rural cooperative banks. Thus it is quite hard to rank the top 10 banks in India but by our deep analysis, we have ranked the top 10 banks in India.  

1. HDFC Banks –Leading in top 10 banks in India

HDFC Bank Ltd. is a Financial Service and Indian banking company. Headquarter in Mumbai Maharashtra. It has a strong workforce of 104154

As of 30 June 2019. HDFC is the highest lender of assets in the private sector. It is the largest bank in the capitalized category.

HDFC Bank is one of the top preferred in Mutual funds. Its stock is part of 522 Different types of schemes in a mutual fund. It has given manifold returns its shares are also expensive but give proper returns. It has given manifold returns since last 1995.

The large-cap stock which was listed at Rs 40, three times its issue price, has gained 5,177% to 2,111 levels on the BSE. So undoubtedly it stands 1st in the top 10 banks in India.

2. Axis Bank

Axis bank is the third largest Indian bank offering a wide separate type of financial product. It has its main branch in Mumbai, Maharashtra. It has about 4800 branches throughout India. About 17801 ATMS And 4917

Cash recyclers across India as of 31 March 2020 and nine global offices. It has a workforce of around 1,30,000.

It has a great capitalization of ₹ 2.31 trillion.

Axis Bank gives us 9 Different types of investment options.


  • Mutual Funds

        It explores top mutual funds with the best performance and outcomes and invests in SIPs.

  • Demat Account

It converts your physical assets into electronic forms for your better use and investment and easy access and trading.

  • 75% Saving Bonds

It makes an easy investment with better returns.

  • Public Provident Funds

It is an investment of long term saving offering tax exemption on principal and interest both.

  • Atal Pension Yojana

It will distribute your pension right through banks and is administer via NPS.

  • IPOSmart

Investing in IPO without letting go of your funds and continues to invest and gain interest in them.

  • Alternative investment

Invest in separate professionally managed financial products with lower security at a low rate.

  • Axis direct

It will help you in direct and easy investment with better research options and analysis. It will also give better information.

  • Kisan Vikas Patra

Makes easy and proper investment with lower risk returns and thus listed 2nd in the top 10 banks in India.

3.IDFC Bank

IDFC Bank is an Indian Banking company with operating headquarters in Mumbai, Maharashtra. It is an integrated finance company with proper infrastructure. Its bank was also listed in BSE and NSE. In 2014, the Reserve Bank of India (RBI) granted in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity – IDFC Bank. The bank was launched through this demerger from IDFC Limited in November 2015

Increased retail loans could be a major positive aspect of this merger. Around 45% of the merged entity’s loans are retail, compared to IDFC Bank’s current 28%. This may help the bank reach its target of 60%retail loan book by 2021.

The bank serves corporate and personal customers in India including the infrastructure sector that IDFC specialized in from its founding in 1997. The bank also aims to produce services for people in rural areas and the self-employed. Thus we have ranked it 3rd in the top 10 banks in India.

4. State Bank of India

SBI is the only PSU that has been able to compete with private sector banks in terms of both customer satisfaction, customer acquisition as well as offering lucrative interest rates for its large customer base. With more than a satisfactory and strong customer of about 430 million.

The bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. it’s a government corporation statutory body headquartered in Mumbai, Maharashtra. SBI is ranked 236th within the Fortune Global 500 list of the world’s biggest corporations of 2019.[5] it’s the biggest bank in India with a 23% market share in assets, besides a share of one-fourth of the entire loan and deposits market

5. Bank of Baroda

Bank of Baroda (BOB) is an Indian multinational, public sector banking and financial services company. it’s the third-largest public sector bank in India. with a business mixture of near US$225 billion.

Based on 2019 data, it’s ranked 1145 on the Forbes Global 2000 list. BoB has total assets in more than ₹ 3.58 trillion (making it India’s 2nd biggest bank by assets), a network of 9583 branches in India and abroad, and 10442 ATMs as of July 2017. the govt. of India announced the merger of Bank of Baroda, Vijaya Bank, and Dena Bank on September 17, 2018, to make the country’s third-largest lender. The amalgamation is that the first-ever three-way consolidation of banks within the country, with a combined business of Rs 14.82 trillion (short scale), making it the third-largest bank after banking concern of India (SBI) and ICICI Bank.

6. Punjab national bank

Punjab full-service bank (PNB) could be a Banking and Financial service bank owned by the govt of India with its headquarters is in the Indian capital, India. The bank was founded in 1894. it’s the second-largest public sector bank (PSB) in India, both in terms of business and its network. The bank has over 115 million customers, 11,000+ branches, and 13,000+ ATMs post-merger with United Bank of India and Oriental Bank of Commerce, effective from 1 April 2020.

PNB includes a banking subsidiary within the UK (PNB International Bank, with seven branches within the UK), also as branches in an urban center, Kowloon, Dubai, and Kabul. it’s representative offices in Almaty, Dubai, Shanghai Oslo, and Sydney In Bhutan it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank Limited, which has 50 branches. Lastly, PNB owns 41, 64 you look after JSC (SB) PNB Bank in Kazakhstan, which has four branches.

7. ICICI Banks

ICICI Bank Limited is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. It offers a good range of banking products and financial services for corporate and retail customers through a range of delivery channels and specialized subsidiaries within the areas of investment banking, life, non-life insurance, working capital, and asset management. The bank contains a network of 5,275 branches and 15,589 ATMs across India and contains a presence in 17 countries.
ICICI Bank is one of the massive Four banks of India. The bank has subsidiaries within the UK and Canada; branches in us, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China, and South Africa; and representative offices in United Arab Emirates, Bangladesh, Malaysia, and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany.


8. Canara Bank

Canara Bank is one of the biggest public sector banks owned by the govt of India. it’s headquartered in Bangalore. it had been established at Mangalore in 1906 by Ammembal Subba Rao Pai. It’s one of the oldest public sector banks within the country. The govt nationalized the bank in 1969. The Tagline of Canara Bank is “Together we can”. 10400 branches and over 10000 ATMs which are spread across 4467 centers. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Dubai, Tanzania, and big apple. As per the announcement made by the minister of finance Nirmala Sitharaman on 30 August 2019, Manipal based Syndicate Bank merged from 01 April 2020, making it the third-largest bank within the country. Thus it is 9th in our list of the top 10 banks in India.

9. Bank of India

Bank of India (BOI) has been ranked 9th in the top 10 banks in India by us. BOI may be a bank with headquarters within the Bandra Kurla Complex, Mumbai, and Founded in 1906, it’s been government-owned since nationalization in 1969. Bank of India has 5316 branches as of 31 March 2019, including 56 offices outside India, which has five subsidiaries, five representative offices, and one venture. BoI may be a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates the provision of cost-effective financial processing and communication services.

10. Kotak Mahindra Bank

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, the banking concern of India (RBI) issued a banking license to Kotak Mahindra Finance Ltd., the group’s flagship company. So ranked 10th in the top 10 banks in India.

It offers banking products and financial services for corporate and retail customers within the areas of private finance, investment banking, life assurance, and wealth management. As of April 2019, it’s the second-largest Indian private sector bank by market capitalization.

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