Top 10 Banks in India - PendulumEdu

The Banking sector of India is ranked 6th in the world. House to a number of the private sector and public sector banks, India’s banking sector is sufficiently capitalized and well- regulated as per the Reserve Bank of India. Market, credit, and liquidity studies indicate that the Indian Banks are well prepared to withstand any global crisis.

With a variety of banks to choose from, a customer may be confused as to which one is better and well suited to the needs. So, to help ease the confusion, here is a list of the Top 10 Banks in India.

An analysis has been drawn based on their origin, market capitalization as on 02nd April 2019, number of employees, number of branches, and ATMs.

The Top 10 banks in India have been ranked based on their total assets as on 03rd July 2019. The following graph shows a comparative study.

1. State Bank of India

The oldest of the Indian Banking Sector, SBI is also the largest bank in India and now a fortune 500 company. Its origin dates back to 02nd June 1806, when the Bank of Calcutta was established, which was later chartered as Bank of Bengal, in 1809. The Bank of Bombay established in 1840, and The Bank of Madras established in 1843. The union of these three banks happened in 1921 and named as the Imperial Bank.

Post India’s independence, an act was passed in May 1955 which led to the creation of the State Bank of India on 01st July 1955. In 1959, with the passing of the State Bank of India Act, the SBI was able to take over eight former State-associated banks as its subsidiaries which were later named as Associates.

The head office of the Bank is located in Mumbai. The bank has 14 Local Head Offices and 57 Zonal Offices located at important cities throughout the country.

SBI has a market capitalization of Rs. 2,93,218.11 crores, with a market share of 23% as on 02nd April 2019. The bank has 85,356 branches and 59,291 ATMs across India, with its presence in more than 36 countries.

Founded – 1st July 1955

Headquarters – Mumbai

Total Assets – Rs. 3,046,499.14 crores

Market Capitalization – Rs. 2,93,218.11 crores

Number of employees - 264,041 including 107,077 officers

Number of Branches- 85,356

Number of ATMs- 59,291

Exams to get a job in SBI- SBI PO, SBI CLERK, SBI SO

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2. HDFC Bank

One of the firsts to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, The Housing Development Finance Corporation Limited (HDFC) was incorporated in August 1994 as HDFC Bank Limited, as part of RBI's liberalisation of the Indian Banking Industry. It started its operations as a Scheduled Commercial Bank in January 1995.

The bank has its registered office and headquarters in Mumbai, with more than 4,963 branches and 13,160 ATMs across 2,727 cities in India. The largest private sector lender in India, the market capitalization of this bank was Rs. 6,25,666.08 crores on 02nd April, 2019.

Founded – August 1994

Headquarters – Mumbai

Total Assets – Rs. 1,058,910.81 crores

Market Capitalization - Rs. 6,25,666.08 crores

Number of Employees - 98,061

Number of Branches – 4963

Number of ATMs – 13,160

Exams to get a job in HDFC Bank- This is a private bank, they release vacancies from time-to-time.

3. ICICI (Industrial Credit and Investment Corporation of India) Bank Private Limited.

ICICI Limited was instituted at the initiative of the World Bank, the Government of India and representatives of Indian industry in 1955. The principal objective was to design a financial institution to provide medium-term and long-term project financing to Indian businesses. ICICI Bank was founded as a wholly-owned subsidiary of the ICICI Limited in 1994.

As of 02nd April 2019, ICICI bank has a market capitalization of Rs. 2,56,205.53 crore. It is headquartered in Mumbai, Maharashtra, with its registered office in Vadodara, Gujarat. The bank has more than 4867 branches and 14367 ATMs across India, with its presence in 16 countries outside India.

Origin – 1994

Headquarters – Vadodara

Total Assets – Rs. 693,096.59 crores

Market Capitalization - Rs. 2,56,205.53 crore

Number of Employees - 82,724

Number of Branches – 4867

Number of ATMs – 14367

Exams to get a job in ICICI Bank- This is a private bank, they release vacancies from time-to-time.

4. Punjab National Bank

The PNB was instituted on 19th May 1894 and started operations on 12th April 1895, with Sh. Dayal Singh Majithia as the first Chairman, Lala Harkishan Lal, the first secretary to the Board and Shri Bulaki Ram Shastri Barrister at Lahore, as the Manager. The bank boasts of having served, eminent freedom fighters of India. PND, along with 13 other banks, was nationalized in July 1969.

Being one of the oldest banks of India, Punjab National Bank, carries the pride of having more than 80 million customers, 7,000 branches, and 9255 ATMs. Headquartered in New Delhi, it has a market capitalization of Rs. 37,411.52 crores (as on 02nd April 2019), making it one of the major banks in India.

Origin – 19th May 1894

Headquarters – New Delhi

Total Assets – Rs. 651,795.99 crores

Market Capitalization – Rs. 37,411.52 crores

Number of Employees – 70801

Number of Branches - 7,000

Number of ATMs – 9255

Exams to get a job in PNB- IBPS PO, IBPS CLERK, IBPS SO, PNB Technical Officer

5. Axis Bank

The Bank was founded in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd; and began its operation in 1994.

The bank has its headquarters in Mumbai, with 4,050 branches and 11,801 ATMs and nine overseas offices. Axis Bank holds a market capitalization of Rs.1,97,360.89 crores as reported before the beginning of the fiscal year 2019-20.

Origin - 1993

Headquarters – Mumbai

Total Assets – Rs. 640,730.77 crores

Market Capitalization – Rs.1,97,360.89 crores

Number of Employees - 59600

Number of Branches - 4050

Number of ATMs -11,801

Exams to get a job in Axis Bank- This is a private bank, they release vacancies from time-to-time.

6. Bank of Baroda

One of the first banks in the 20th Century, the Bank of Baroda was founded by The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20th July 1908. The bank was nationalised in July 1969, along with 13 other banks.

Bank of Baroda, was officially merged with Dena Bank and Vijaya Bank on 01st April 2019, making it the first-ever bank in India engaged in a three-way merger. The bank has its headquarters in Vadodara, Gujarat and has 12 crores customers, 9,500 branches, 13,400 ATMs pan India. The bank reposted a market capitalization of Rs. 35,251.50 crores on 02nd April 2019.

Origin - 20th July 1908

Headquarters – Vadodara

Total Assets – Rs. 63,993.82 crores

Market Capitalization – Rs. 35,251.50 crores

Number of Employees - 48807

Number of Branches - 9500

Number of ATMs -13400

Exams to get a job in Bank of Baroda- IBPS PO, IBPS Clerk, IBPS SO, BoB SO, BoB PO

7. Canara Bank

Founded in 1906, by late Shri Ammembal Subba Rao Pai as 'Canara Bank Hindu Permanent Fund,' Canara Bank became a limited company in 1910 and came to be known as Canara Bank after its nationalisation in July 1969.

With its headquarters in Bengaluru, the bank has 6310 branches and 8851 ATMs. The market capitalization of this bank as on 02nd April 2019 is Rs. 21,595.39 crores.

Origin - 1906

Headquarters – Bengaluru

Total Assets – Rs. 570,558.91 crores

Market Capitalization – Rs. 21,595.39 crores

Number of Employees - 58350

Number of Branches - 6310

Number of ATMs – 8851

Exams to get a job in Canara Bank- IBPS PO, IBPS Clerk, IBPS SO, Canara Bank PO,

8. Bank of India

Founded on 07th September 1906, by a group of eminent businessmen from Mumbai, The Bank of India was under private ownership and control until July 1969, when it was nationalized.

The bank has its headquarters in Mumbai, with 5100 branches across India and 56 offices located abroad. As on 02nd April 2019, the bank has a market capitalization of Rs. 28,464.06 crores. The Bank of India is one of the founding members of the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Origin – 07th September 1906

Headquarters – Mumbai

Total Assets – Rs. 483,764.84 crores

Market Capitalization – 28,464.06 crores

Number of Employees - 48807

Number of Branches - 5100

Number of ATMs – 7717

Exams to get a job in Bank of India- IBPS PO, IBPS Clerk, IBPS SO

9. Kotak Mahindra

Founded as Kotak Capital Management Finance Ltd by Mr. Uday Kotak on 21st November 1985; the company commenced its operations on 11th February 1986 and officially changed its name to Kotak Mahindra Finance Ltd on 08th April 1986.

Kotak Mahindra Bank Ltd was founded in February 2003. The bank has its headquarters in Mumbai, with more than 1350 branches in 700 locations in India and 2,163 ATMs. This bank boasts of the market capitalization of Rs. 2,55,537.49 crores as on 02nd April 2019

Origin - 1985

Headquarters – Mumbai

Total Assets – Rs. 267,392.46 crores

Market Capitalization – Rs. 2,55,537.49

Number of Employees – 40, 000

Number of Branches - 1350

Number of ATMs -2163

Exams to get a job in Kotak Mahindra Bank- This is a private bank, they release vacancies from time-to-time.

10. IndusInd Bank

The bank was founded by IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd Investments Ltd. (IIL) DeFive Mauritius Holdings Ltd. (DFMHL). The bank was formally inaugurated by Dr. Manmohan Singh, the then Finance Minister of India and started commercial operation in April 1994, with an operational capital of Rs. 1 billion.

Headquartered in Mumbai, the bank has more than 1,558 branches and 2453 ATMs all across the nation. The bank also operates in London, Dubai, and Abu Dhabi. The bank reported a market capitalization of Rs. 1,07,064.08 crores on 02nd April, 2019.

Origin - 1994

Headquarters – Mumbai

Total Assets – Rs. 188,512.86 crores

Market Capitalization – Rs. 1,07,064.08 crores

Number of Employees – 25314

Number of Branches - 1558

Number of ATMs -2453

Exams to get a Job in IndusInd Bank- IndusInd Bank PO, IndusInd SO, IndusInd CLERK

The banking sector of India has evolved with time, and now in the 21st century, technology has also come into India’s Banking Sector. It is one of the most secure and well-paying sectors in terms of employment. To get a job in any of the prestigious banks of India, several banking exams take place around the year. Aspirants should practice well and try mock tests to self-evaluate and assess the improvement areas and work on them.

PendulumEdu can help you in preparation for banking exams like IBPS PO, IBPS SO, IBPS CLERK, SBI PO, SBI SO, SBI CLERK, IBPS RRB, INDUSIND PO, INDUSIND SO, INDUSIND CLERK and many other banking exams. If there is some specific doubt, you can ask and clear your concepts before the exam by using PendulumEdu’s One-To-One Session.

All The Best!

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