Top 10 Banks in India
In this article you will know India's Top 10 Banks List. In India here is 27 Public Sector Banks, of which 21 are Nationalised Banks and 6 belong to the State Bank Group. In addition 45 Foreign Private Sector Banks are there, which support the Indian banking system. To get an idea about the history, structure and nature of these banks and to identify which is the best bank in India for starting your career.
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Top 10 Banks in India
- HDFC Bank
- Axis Bank
- ICICI Bank
- State Bank of India
- Bank Of Baroda
- Kotak Mahindra Bank
- IndusInd Bank
- Yes Bank
- Bank Of India
- Punjab National Bank
Top 10 Banks in India
1. HDFC Bank
Type:- Public
Founded:- August 1994 (27 years ago)
Key People:-
- Atanu Chakraborty (Chairman)
- Sashidhar Jagdishan (CEO)
Industry:- Financial services
Headquarters:- Mumbai, Maharashtra, India
Area Served:- India
Products:-
- Credit cards
- Consumer banking
- Commercial banking
- Finance and insurance
- Investment banking
- Mortgage loans
- Private banking
- Private equity
- Wealth management
Revenue:- ₹120,883 crore (US$16 billion)
Net Income:- ₹31,116 crore (US$4.1 billion)
Total Assets:- ₹1,746,870 crore (US$230 billion)
Total Equity:- ₹203,169 crore (US$27 billion)
Housing Development Finance Corporation :- (25.7%)
Number of Employees:- 120,093 (in 2021)
Official Website:- hdfcbank.com
2. Axis Bank
Type:- Public
ISIN:- INE238A01034
Industry:- Financial services
Founded:- 3 December 1993; 28 years ago as UTI Bank
Headquarters:- Mumbai, Maharashtra, India
Number of locations:- 4594 (2021)
Key people:-
- Amitabh Chaudhry (MD & CEO)
- Shri Rakesh Makhija (Chairperson)
Products:- Banking, commodities, credit cards, equities trading, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
Revenue:- Increase ₹80,847 crore (US$11 billion) (2021)
Operating income:- Increase ₹26,746 crore (US$3.5 billion) (2021)
Net income:- Increase ₹7,252 crore (US$950 million) (2021)
Total assets:- Increase ₹1,010,325 crore (US$130 billion) (2021)
Total equity:- Increase ₹102,980 crore (US$14 billion) (2021)
Owner:-
- Life Insurance Corporation (9.19%)
- Specified Undertaking of Unit Trust of India (SUUTI) (4.68%)
- General Insurance Corporation of India (1.15%)
- The New India Assurance Company Limited (0.74%)
Number of employees:- 78,300 (2021)
Subsidiaries:-
- Axis Asset Management Company Ltd.
- Axis Mutual Fund Trustee Ltd.
- Axis Capital Ltd.
- Axis Finance Ltd.
- Axis Securities Ltd.
- A.TREDS Ltd.
- Axis Bank UK Ltd.
- Axis Trustee Services Ltd.
- Freecharge
- Accelyst Solutions Private Ltd.
- Axis Private Equity Ltd.
Capital ratio:- 9.35% (December 2019)
Official Website:- axisbank.com
3. ICICI Bank
Type:- Public
ISIN:- INE090A01021
Industry:- Financial services
Formerly:- Industrial Credit and Investment Corporation of India
Founded:- 5 January 1994; 28 years ago
Headquarters:- Vadodara, Gujarat, India
Number of locations:- 5,275 (2020)
Area served:- Worldwide
Key people:-
- Girish Chandra Chaturvedi (Chairperson)
- Sandeep Bakhshi (MD & CEO)
Products:-
Banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
Revenue:- Increase ₹1.61 trillion (US$21 billion) (2021)
Operating income:- Increase ₹422.61 billion (US$5.5 billion)(2021)
Net income:- Increase ₹202.2 billion (US$2.7 billion) (2021)
Total assets:- Increase ₹15.74 trillion (US$210 billion) (2021)
Total equity:- Increase ₹1.53 trillion (US$20 billion) (2021)
Number of employees:- 97,354 (2020)
Subsidiaries:-
- ICICI Prudential
- ICICI Lombard
- ICICI Securities
- ICICI Direct
Official Website:- icicibank.com
4. State Bank of India
Formerly:- Imperial Bank of India
Type:- Public Sector Undertaking
ISIN:- INE062A01020
Industry:- Banking, financial services
Predecessor
- Imperial Bank of India (1921 – 1955)
- Bank of Calcutta (1806 – 1921)
- Bank of Bombay (1840 – 1921)
- Bank of Madras (1843 – 1921)
Founded:- 1 July 1955; 66 years ago (State Bank of India)
- Imperial Bank of India (27 January 1921)
- Bank of Calcutta (2 June 1806)
- Bank of Bombay (15 April 1840)
- Bank of Madras (1 July 1843)
Headquarters:- State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations:- 22,219 Branches, 62,617 ATMs in India, International: 229 Branches in 31 countries
Area served:- Worldwide
Key people:- Dinesh Kumar Khara (Chairman)
Products:-
- Retail banking
- Corporate banking
- Investment banking
- Mortgage loans
- Private banking
- Wealth management
- Credit cards
- Finance and Insurance
Revenue:- Increase ₹385,338 crore (US$51 billion) (2021)
Operating income:- Increase ₹78,898 crore (US$10 billion) (2021)
Net income:- Increase ₹22,405 crore (US$2.9 billion) (2021)
Total assets:- Increase ₹4,845,619 crore (US$640 billion) (2021)
Total equity:- Increase ₹274,669 crore (US$36 billion) (2021)
Number of employees:- 245,642 (March 2021)
Parent:- Government of India
Subsidiaries:-
- SBI Life Insurance Ltd
- SBI Cards and Payment Services Ltd
- SBI General Insurance (70%)
- Jio Payments Bank (30%)
- Yes Bank (30%)
- Andhra Pradesh Grameena Vikas Bank (35%)
- Kaveri Grameena Bank (35%)
Official Website:- bank.sbi
5. Bank Of Baroda
Type:- Public
ISIN:- INE028A01039
Industry:- Banking
Financial Services:-
- Predecessor
- Vijaya Bank
- Dena Bank
Founded:- 20 July 1908; 113 years ago
Founder:- Sayajirao Gaekwad
Headquarters:- Vadodara, Gujarat, India
Number of Branches:- 8,214
Number of ATM:- 10,033 (in 2020)
Area Served:- India & Worldwide
Key People:-
- Hasmukh Adhia (Chairman)
- Sanjiv Chadha (MD & CEO)
Services:-
- Asset management
- Commercial banking
- Financial services
- Investment banking
- Mortgage loans
- Private banking
- Private equity
- Retail banking
- Savings
- Securities
- Wealth management
Revenue:- Decrease ₹82,859.5 crore (US$11 billion) (2021)
Operating Income:- Increase ₹41,173.5 crore (US$5.4 billion) (2021)
Net Income:- Increase ₹829 crore (US$110 million) (2021)
Total Assets:- Decrease ₹1,155,364.8 crore (US$150 billion) (2021)
Number of employees:- 82,000+ (2021)
Parent:- Government of India
Subsidiaries:-
- Bank of Baroda Uganda Limited
- Bank of Baroda Tanzania Limited
- Nainital Bank
Capital ratio:- 14.99%
Official Website:- bankofbaroda.in
6. Kotak Mahindra Bank
Type:- Public
ISIN:- INE237A01028
Industry:- Financial services
Founded:- February 2003; 19 years ago
Founders:- Uday Kotak
Headquarters:- Mumbai, Maharashtra, India
Key people:- Uday Kotak (Chairman, MD & CEO)
Products:-
Banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
Revenue:- Increase ₹56,703 crore (US$7.4 billion) (2021)
Operating income:- Increase ₹16,428 crore (US$2.2 billion) (2021)
Net income:- Increase ₹9,903 crore (US$1.3 billion) (2021)
Total assets:- Increase ₹478,872 crore (US$63 billion) (2021)
Total equity:- Increase ₹83,345 crore (US$11 billion) (2021)
Number of employees:- 71,000 (2021)
Subsidiaries:-
- Kotak Mahindra General Insurance
- Kotak Life Insurance
- Kotak Mutual Fund
- Kotak Securities
- Kotak Mahindra Prime Ltd.
- Airtel Payments Bank (9.99%)
Official Website:- kotak.com
7. IndusInd Bank
Type:- Public
Industry:-
- Banking
- Financial Services
Founded:- April 1994 (28 years ago)
Founder:- S. P. Hinduja
Headquarters:- Mumbai, Maharashtra, India
Key people:- Sumant Kathpalia (MD & CEO)
Products
Credit cards, Consumer banking, Corporate banking, Finance and Insurance, Mortgage loans, Private banking, Wealth management, Investment banking
Revenue:- Increase₹36,002 crore (US$4.7 billion) (2020)
Operating income:- Increase₹10,772 crore (US$1.4 billion) (2020)
Net income:- Increase₹4,417 crore (US$580 million) (2020)
Total assets:- Increase₹307,057 crore (US$40 billion) (2020)
Owner:-
- Hinduja Group
- Life Insurance Corporation (9.99%)
Number of employees:- 30,674 (2020)
Subsidiaries:- BFIL
Capital ratio:- 15.31%
Official Website:- indusind.com
8. Yes Bank
Type:- Public
ISIN:- INE528G01035
Industry:- Banking, Financial services
Founded:- 2004; 18 years ago
Founder:-
- Rana Kapoor
- Ashok Kapur
Headquarters:- Mumbai, Maharashtra, India
Key people:-
- Sunil Mehta (Chairman)
- Prashant Kumar (MD & CEO)
Products:-
- Credit cards
- Consumer banking
- Corporate banking
- Finance and insurance
- Mortgage loans
- Private banking
- Wealth management
- Investment banking
Revenue:- Increase ₹20,039 crore (US$2.6 billion) (2021)
Operating income:- Increase ₹4,977 crore (US$650 million)[3] (2021)
Net income:- Increase ₹−3,462 crore (US$−450 million)[3] (2021)
Total assets:- Increase ₹273,543 crore (US$36 billion) (2021)
Total equity:- Increase ₹33,196 crore (US$4.4 billion)[4] (2020)
Number of employees:- 23800(2021)
Capital ratio:- 17.0%
Official Website:- yesbank.in
9. Bank Of India
Type:- Public
ISIN:- INE084A01016
Industry:-
- Banking
- Financial services
Founded:- 7 September 1906; 115 years ago
Headquarters:- Mumbai, India
Number of location:- 5,430 Branches. 5,551 ATMs (March 2021)
Key people:- Atanu Kumar Das (MD & CEO)
Products
- Consumer banking
- Corporate banking
- Finance and insurance
- Investment banking
- Mortgage loans, private banking
- Private equity
- Savings
- Securities
- Asset management
- Wealth management
Revenue:- Increase ₹48,040.93 crore (US$6.3 billion) (2021)
Operating income:- Increase ₹10,872 crore (US$1.4 billion) (2021)
Net income:- Increase ₹2,160 crore (US$280 million) (2021)
Total assets:- Increase₹725,856.45 crore (US$95 billion) (2021)
Owner:- Government of India (81.41%) (2021)
Number of employees:- 51,459 (March 2021)
Parent:- Ministry of Finance, Government of India
Capital ratio:- 14.93% (2021)
Official Website:- bankofindia.co.in
10. Punjab National Bank
Type:- Public
Industry:- Banking, Financial services
Founded:- 19 May 1894; 127 years ago
Founder:- Dyal Singh Majithia
Headquarters:- Dwarka, Delhi, India
Number of locations:- 11,809
Key people:- Atul Kumar Goel (MD & CEO)
Products:-
Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management
Revenue:- Increase ₹94,990 crore (US$12 billion) (2021)
Operating income:- Increase ₹23,670 crore (US$3.1 billion) (2021)
Net income:- Increase ₹2,152 crore (US$280 million) (2021)
Total assets:- Increase ₹1,279,725 crore (US$170 billion) (2021)
Total equity:- Increase ₹90,438 crore (US$12 billion) (2021)
Owner:- Government of India (76.87%)
Number of employees:- 1,03,000 (2020)
Parent:- Ministry of Finance , Government of India
Capital ratio:- 14.14% (2020)
Official Website:- pnbindia.in
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