Top 10 Banks in India
Hello friends welcome to my blog today in this blog we are going to discuss about the top 10 banks of India. Because of the largest banks in India the economy of India’s development has grown after this. As we all know that the banking sector always plays an important role in an economic growth. As I have discussed about the top 10 banks they have almost dominated the banking sector for sometime and now they have a combined market share of more than 70%. Also in today’s time investing in Indian banks has become very much good and is one of the most dominating sectors in the share market.
From this post you will easily get to know about the largest banks in the country. Also I would like you to tell you that this banks has given a good opportunity for creating the highest number of job opportunities in the country India.
The largest bank in India because of their market capitalisation:
I have listed about all the tops banks in the terms of the market capitalization in the year 2022. India has 12 public sector banks and 21 private sector banks. There are also 45 for in banks in the private sector supporting the Indian system.
- HDFC Bank
- State Bank of India
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IndusInd bank
- Yes Bank
- Punjab National Bank
- Bank of Baroda
- Bank of India
- The list of the top 10 banks:
I have given below all the list for the top 10 banks in India in terms of their assets and market capitalization. So I will discuss about all the banks so try to read my whole post so that you do not have any confusion after reading my post.
HDFC Bank:-
It is one of the largest banks in the country in terms of its assets and market capitalisation .so I have discussed some of the details about the HDFC Bank which you will understand by reading it below:
It is a private company Bank. This company provides financial services. This company was founded in the year 1994. The key person of this bank is the chairman of this company Atanu Chakraborty. The headquarter of this bank is Mumbai.
The main area in which the HDFC Bank served is India. The main product of this company is banking. The asset of HDFC Bank is 2,122, 934 crores. It has 6378 branches in India and 16087 ATM all across the India. It has 152511 employees till now in all over the country. The official website of HDFC Bank is hdfcbank.com.
State Bank of India:
It is the largest public sector bank in the country and it occupies 23% share in its assets. The details of SBI are listed below:
It is a public company (Government of India). It is listed in the top government banks of India. It is a bank which provides both banking and financial services to its customer.
It was founded in the year 2nd June 1806 by the name of bank of Calcutta . In the year 27 January 1921 it was named as the imperial Bank of India and on 1st July 1955 it was renamed as the State Bank of India. The Chairperson of this bank is Dinesh Kumar khara. The headquarter of this bank is situated at Mumbai. It is served worldwide.
It Provides you consumer banking ,corporate banking, finance and insurance investment banking, providing mortgage loan, private banking, private equity, savings, securities, asset management, wealth management and credit cards.
It has an asset of 4987597 crores. It has more than 24000 branches in India. It also has 191 office in 36 countries all over the world. It has 62617 ATM all across the country. It has 245642 Employees working in India. The official website of this bank is SBI.co.in .
ICICI Bank:-
It is a private sector bank. The main function of this bank is to to banking and financial services . It was founded in the year 1994. The Chairperson of this bank is Ganesh Chandra Chaturvedi. The headquarter of this bank is situated at Mumbai. It provide worldwide services to its customers.
The main product of this bank is credit card, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions.
It has an asset of 17.53 lakh crores. It has 5275 branches in India. It has 13463 ATM all over the country. There are 130170 number of employees in the SBI branches in all over the world.
Axis Bank:-
This is a private sector banking institution. It provides both banking and financial services to its customer. It was founded in the year 3rd December 1993. The chairperson of this company is Amitabh Choudhary. The Headquarter of Axis Bank is Mumbai. It is served all over the world.
The main product of this Bank are credit card ,corporate banking ,consumer banking, finance and insurance, mortgage loans ,private banking ,private equity and also the wealth management.
The asset of this bank is 1175178 crores. It has 4096 branches all over the country. It has 10990 ATMs all over the country. There are 78300 employees who are working in the Axis Bank.
Kotak Mahindra Bank:
This bank is a private sector bank. It is a banking and financial service provider. It was founded in the year February 2003. Prakash Apte is the chairperson of Kotak Mahindra Bank. The headquarter of Kotak Mahindra Bank is in Mumbai. It is served only in India.
The main product of this business are credit cards, Life insurance, securities, Corporate banking, consumer banking, finance and investment ,mortgage loans ,private banking ,private equity ,wealth management and also there many more products which distance provide to their customer. The Asset of Kotak Mahindra Bank is 4.79 lakh crores. It has 1700 branch all over the country. It has 71000 employees all over the country. It has 2705 ATMs all across the world.
Induslnd Bank:
It is a private sector bank. It provides both banking and financial services to its customer. This bank was founded in the year 1994. Arum Tiwari is the chairperson of IndusInd Bank. That headquarter of this bank is situated at Mumbai. It is served only in India. It has an 307057 crores assets in it. It has 2015 branches all across in the country.