Which are the top 10 banks in India? This is a question many people ask who do banking. Banking has become an important part of our life. Bank is the best place to secure our hard money. There is always we see competition between pubic and private sector bank, let see who is on the top.
Here is a list of the top 10 banks in India.
10. Canara Bank
Canara bank was founded in 1906 by Ammembal Subba Rao Pai. The bank has over 3600 branches and 7599 ATMs across the country. The bank is among the first PSUs in the country to emphasise on e-banking and online services. It is one of the top Indian banks.
9. Yes Bank
Founded by Mr. Rana Kapoor and Mr. Ashok Kapoor in the year 2003-04. The bank has a deposit of RS. 45,939 crore. The bank has over 630 branches and 1150 ATMs across the country. It is one of the fastest growing banks in India.
8. IndusInd Bank
The bank owned by Hinduja Group and founded in 1994. IndusInd bank has a deposit worth INR 50,100.41 crore. The bank has employs over 15,500 employees and has more than 638 branches and 1238 ATMs across the country.
7. Kotak Mahindra Bank
Kotak Mahindra Bank was originally founded in 1995. The bank has now become the fourth largest private bank in the country. The bank has more than 1,214 branches across the country. It is one of the top 10 banks in India.
6. Bank of Baroda
Bank of Baroda is one of the top Indian banks, rated by Business Today. The bank has more than 3000 branches with over 1000 ATMs across the country. The bank has an international presence in 25 countries. It is one of the important banks in rural sectors.
5. Axis Bank
Axis bank counts in top banks of India, with a market capitalization of about INR 134,685.68 crore. The bank was incorporated in 1994. Axis Bank has a network of 2402 branches and 12922 ATMs across the country.
4. Punjab National Bank
Punjab National bank is the third largest of India, founded in 1894. The bank has a deposit of RS 312,899 CRORE (RS 3,128.99 BILLION). .The bank has a customer base of 8.9 crore customers with 6081 branches and 6940 ATMs across the country. It is one of the top 10 banks in India.
3. ICICI Bank
Industrial Credit and Investment Corporation of India, popularly known as ICICI was formed in the year 1994. It is private sector bank with a customer base of over 2.5 million. The bank has an extensive network of 4050 branches With 12,475 ATMs across the country. The bank has an international presence in 19 countries.
2. HDFC Bank
Housing Development Finance Corporation Limited, popularly known as HDFC Bank is the largest bank in India. The bank has more than 3,659 branches in 2,287 cities of the country. The bank has today a deposit of RS 208,586 CRORE (RS 2,085.86 BILLION), making it second top bank in India.
1. State Bank of India
State Bank of India is a government owned operating bank, established in July 1955. The bank has more than 16,000 branches and 8500+ ATMs in the country. It is one of the most-valued and most trusted banks in India. SBI has about 190 foreign offices in 36 countries. The state bank of India provides employment to over 220,000 personnel. SBI topped the list of top 10 banks in India.