Top 15 Best and Largest Bank in India

Banks are where the strength of a country actually lies, how they function and how the citizens perceive and utilize them is also important

Most of the ratings are done on factors like better schemes. profits, accessibility too. The government funds many of the following banks and many others are privately owned, to which a new surprising trend keeps on popping up of selecting, private banks than government banks.

Career in Banking- Scope, Growth, and Job opportunities

Although the government banks do provide facilities and amenities, lately privately owned banks are providing an array of features and time is not too far when the advancement and excellent customer service will make them stand parallel as government banks. Here are a few banks in India that are reinventing the transaction system.



It’s the most reputable bank in India and has helped out millions of people in India with loans and monetary issues. It is also ranked in top 216 in the fortune global 500 lists.

Known one of the largest banks in India with a market of 23 % of India’s total market share, it also has been named as an already developed country,

By USA president Donald Trump, the share that they hold is pretty large state bank of India is one of the biggest public sector banks, led by the government of India; it is a multinational comp,

This is mainly due to their really tricky but effective marketing strategy of targeting people in need by luring them great and impressive schemes.

This bank is the successor of the bank of India and founded in 1806 along with the imperial bank of India it is one of the oldest, commercial banks in India.

Historically speaking the bank of Calcutta and the bank of Bombay merged, to form the imperial bank of India, later renaming as it to the state bank of India

The government of India took control of the bank and the reserve bank of India holding 60% of its shares, naming it as state bank of India.

With the headquarters in Mumbai, the government of India holds at least 61.23%of the equity shares

The Life Insurance Corporation of India, itself state-owned, is the largest non-promoter shareholder in the company with 8.82% shareholding.[24]

The equity shares of SBI are listed on the Bombay Stock Exchange,] National Stock Exchange of India.

and its bal Depository Receipts (GDRs) are listed on the London Stock Exchange. helping out millions of people in India with loans and monetary issues,



It is a state-owned, Indian multinational and commercial bank, providing banking and financial services

Its headquarters are in New Delhi which is the capital of India and was founded in 1894

The bank has almost 110 million customers and 7000 branches and 10681 ATMs across 764 cities,

The Punjab national bank also has many subsidiaries in the UK. It is a globally known bank with branches in, Kuwait, Kowloon, and Kabul.

Despite the instability in the middle east markets due to the expat residency issues combined with humanitarian and addiction crisis in the capital of Afghanistan, the Punjab national bank has still managed its stronghold in the areas

It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia)

It also owns 51% of Druk PNB bank in Bhutan, which itself has five branches in Bhutan

In Nepal, it owns 20% of Everest bank limited, with 50 branches.

Lastly, PNB owns 84% of JSC (SB) PNB Bank in Kazakhstan, with four branches.


Seven hundred seventeen in the Forbes Global 2000 in May 2013. #26 in the Fortune India 500 ranking of 2011. awarded the ‘Best Public Sector Bank’ by CNBC TV18 in 2012

In 2011, it received the Golden Peacock Award for “Excellence in Corporate Social Responsibility” and “National Training Award”.



The Canara bank is one of the largest public sector banks in India, owned by the government of India and its headquarters are in Bengaluru

With its first headquarters at Mangalore in 1906, it was founded b by Ammembal Subba Rao Pai and is one of the oldest public sector banks in India with a network of 6310 branches 8851 atm’s, and 4467 centres.

This bank also has branches in  London, Hong Kong, Moscow, Shanghai, Dubai, Tanzania, and New York.

A unique aspect of this bank is that it has helped in many developing projects like the solar loan program which is a 7.6 million project launched in 2003 to help the building and financing of solar projects in southern India.

But just as the coin has two sides, this bank has also been involved in money laundering offences

Like in 2018 a UK division of the bank was with £890,000 ($1.2 million).

by the  Financial Conduct Authority, and as a punishment was blocked to take any orders for 5 months after the offence was identified under the term “money laundering offence.”

Canara Bank offers Unified Payment Interface (UPI) app named “empower”. This app helps Canara Bank and other Bank customers to perform pay and collect transactions using a single mobile app



HDFC Bank Limited (Housing Development Finance Corporation) is an India based bank providing banking and financial services. To foreign national and Indian passport holders. With its headquarters in Mumbai Maharashtra,

With 88,253 permanent employees as of 31 March 2018[8] and has a presence in Bahrain, Hong Kong and Dubai.

HDFC Bank is India’s largest private sector when classified by an asset, and largest bank in India by market capitalization

it was marked 69th in 2016 BrandZ in the  Top 100 Most Valuable Global Brands.


  • wholesale banking,
  • retail banking,
  • Treasury,
  • auto loans
  • , two wheeler loans
  • , personal loans
  • Property loans, durable consumer loan,
  • lifestyle loan
  • Credit cards.

Various digital products like Payzapp and SmartBUY.

Just like any bank it also has shared and listing with the Bombay stock exchange and the national stock exchange of India, with its American depository shares listen in the NYSE. And the  and the global depository receipt listen in  Luxembourg Stock Exchange


  • Best Banking Performer, India in 2016 by Global Brands Magazine Award
  • Bank of the year & best digital banking initiative award
  • Business leader of the year- Aditya Puri
  • Most Valued brand in India for the third successive year
  • Best managed public company – India
  • World’s 30 Best CEOs – Aditya Puri
  • Best in class straight through processing rate
  • Award for Best Performance in Microfinance



The central bank o India is one of the oldest banks in India, with its headquarters based in the financial capital of India that is Mumbai in Maharashtra.

The central bank of India has a joint venture with the bank of India, Bank of Baroda and the Zambian government

The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pheroze shah Mehta and is the first commercial Indian bank completely owned and managed by Indians.

Before the world, the bank also had branches in Rangoon, which helped to strengthen trade between Burma and India.

In 1918 it had a branch in Hyderabad, and a branch in nearby Secunderabad followed in 1925.

It also acquired the Tata bank after the failure of alliance bank of India and reopened it as a centre in Madras

The Zambian government holds 40% of its shares. And each of the other banks has 20% of shares,

This bank was one amongst the 18 banks to be recapitalized in 2008

The central bank of India has approached the reserve bank of India to open branches in Singapore, Dubai, Doha and London.

Bank has 4685 branches, 4886 ATMs, ten satellite offices with  1 Extension Counter.

Present in  29 States, 5 Union Territories and NCT Delhi, 574 District Head Quarters and 626 districts in the country.



It is the third largest commercial bank in India, offering a variety of financial services

The bank has headquarters in the financial capital Mumbai, has 4050 branches, 11,801 ATMs and 4,917 cash recyclers and nine international offices.

The bank employs over 55,000 people and has a market  of ₹1.31 trillion (US$19 billion)

It offers its financial services to multinational middle-class families to businessmen.

As of 30 June 2016, 30.81% shares are owned by multinational groups like  United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, The General Insurance Corporation of India,  Life Insurance Corporation of India and Unit Trust of India.

The remaining shares are owned by mutual funds, foreign institutional investor banks, insurance companies, corporate bodies and individual investors, among others.

The services they offer are

Retail banking

Corporate banking

International banking

Best Debt House in India

Best Domestic Debt House in India

Awards and Recognition

  • Overall Winner & Consistent Performer -(Large Banks Category) – Business Today Best Bank Awards 2010
  • Bank of the Year – India –The Banker Awards 2011[69]
  • Bank of the Year – Money Today FPCIL Awards 2012-13[70]
  • Best Private Sector Bank – CNBC-TV18 India’s Best Bank and Financial Institution Awards 2012[71]
  • Consistent Performer – India’s Best Banks – 2012 Survey by Business Today & KPMG[72]
  • Gold Shield for Excellence in Financial Reporting in the Private Banks category – 2011-12 – ICAI (Institute of Chartered Accountants of India)
  • Axis Bank ranked No one company to work for in the BFSI sector – ‘The Best Companies to Work for’ survey by Business Today.[73]
  • Ranked No 1 in the IT Biz Award – large enterprises category by Express IT Awards[74]
  • Innovation for 2013 for Ladies First card under ‘the Most Innovative Broad Based Product Offering’ category- IBA Innovations Award.[75]
  • Axis Bank Foundation conferred Outstanding Corporate Foundation at Forbes India, Philanthropy Awards, 2014[76]
  • Best Domestic Bank in India- Asiamoney Best Banks 2014[77]
  • Axis Bank has been adjudged winner in the Best Bank Category, Outlook Money Awards 2015[81]
  • Axis Bank awarded for the Best Security among Private Sector Banks in India by Data Security Council of India (DSCI).[82]
  • Axis Bank conferred the Certificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.



This bank was found as a parliamentary act in 1964, wholly owned and subsidized by the reserve bank of India.

Indian development Bank of India (IDBI) was established in 1964 by an Act to provide credit and other financial facilities Industrial

At present, Life Insurance Corporation of India holds a 51% stake in IDBI Bank. , the bank reported a net loss of Rs.853 crore compared to a profit of Rs.241 crore during the corresponding period last financial year.

In the fourth quarter of the financial year 2016-17, the bank had reported a loss of Rs.3,200 crore. While the reported loss was lower than the preceding quarter, bad loans continued to surge.

In the quarter ending September 2017, the bank bounced back with a loss of Rs.198 crore compared to a loss of over Rs.2,000 crore in the previous quarter.

The bank is expected to return to profit in the upcoming financial year.

IDBI Bank has shares  Bombay Stock Exchange and the National Stock Exchange of India.[9]

Government of India held 46.46% shares in IDBI Bank, and Life Insurance Corporation of India has 51% of the shares. But now LIC bought the bank with voting rights.


  • #1197 in the Forbes Global 2000 in May 2013.[13]
  • It received the ‘Overall Best Bank’ and ‘Best Public Sector Bank’ awards in the Dun & Bradstreet Banking Awards, 2011.
  • Banking Technology awards for best use of Business Intelligence and the best Risk Management from Indian Banks Association
  • the bank has 16,555 employees, 197 are employees with disabilities. The bank has a  business of INR 25.64 crores per employee and profit of INR 12.17 lakhs per employee.

8.ICICI Bank


ICICI Bank is one of India’s largest private sector bank and has spread itself all over India as well as 17 other countries. It currently has 4874 branches and 14,367 ATMs all across India.

It is one of the most well known as long as the oldest banks in India and was formed in 1994 when it was established as a wholly owned subsidiary by Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution.

Although this was the parent company, the name was later abbreviated and merged with the bank.

It offers various financial services such as online money transfer & tracking service, loans, automated lockers, credit card, debit card, and digital wallet and it does this through its many group companies that serve as delivery channels for the products and services offered.

The bank has contributed and set up several institutions over the years allowing it to establish a strong financial infrastructure in India.

Few of the many commendable contributions include set up CRISIL as India’s first professional credit rating agency, setting up of “FINO Cross Link to Case Link Study” in 2006, as a company that would use technologies like smart cards, biometrics.

It also offers a basket of support services, which would provide such solutions to reach those parts of the population of the country that are scarce in banks and other financial aids



Bank of Baroda is an Indian multinational, public sector banking and financial services company and is owned by the Government of India.

It has a network of 9583 branches in India and abroad, and 10441 ATMs. Recently, it has also merged with Bank of Vijaya Bank and Dena Bank to establish the first three-way consolidation of banks in India, also making it the country’s third-largest lender.

The history of this bank sent it all the way back to the 1900s and was set up by  Maharaja Sayajirao Gaekwad III in alliance with upholders at the time.

The bank continued to expand itself domestically and in later years began to make arrangements to serve communities in countries abroad.

One of the most important steps taken by the bank to spread itself worldwide was the establishment of a branch in London, the centre of the British Commonwealth and the most influential international banking centre.

Bank of Baroda has managed to broaden its roots internationally to 24 countries and has acquired the tagline of ‘India’s International Bank’.

One of the well-known establishments of Bank of Baroda is its Capital Markets (BOBCATS) which is a SEBI-registered investment banking company based in Mumbai.

Its financial services portfolio includes initial public offerings, private placement of debts, corporate restructuring, business valuation, mergers and acquisitions, project appraisal, loan syndication, institutional equity research, and brokerage.



Bank of India is a commercial bank with its headquarters in Mumbai. It has 5100 branches in India as well as abroad, including subsidiaries and a joint venture.

The bank was founded in the 1900s by a group of esteemed businessmen at the time and was deemed to be under private ownership until 1969 when it was nationalized along with many other banks at the time and is now a government-owned establishment.

Although it started with a single, small office in Mumbai, the bank quickly expanded to hold a powerful presence, nationally and internationally.

The earlier holders of the bank had failed to provide the necessary provisions and hence a diverse group of Hindus, Muslims and Parsi’s.

It was one of the first banks in India that were established with the motive of serving all the different communities of India, as its name suggested, it was the Bank of India.

Even today it is well known to have a strong influence worldwide and holds a prime position even amongst the nationalized banks.



United Bank of India is an Indian, government-owned bank, with its headquarters in Kolkata.

It has 2054 branches spread all across India, but it has its major influence over the eastern part of the country.

Although its origin dates back to the early 1900s, after nationalization, it went through its amalgamation with four other banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932).

The bank has a three-tier organizational structure which constitutes the Head Office, Regional Offices and its Branches.

The bank focused its expansion on the rural and the underdeveloped areas in accordance with the objectives of nationalization.

UBI has sponsored 4 Regional Rural Banks (RRB) one each in West Bengal, Assam, Manipur, and Tripura. These four RRBs together have over 1000 branches.

The bank is popularized and well known for its vision provide banking services to the people living in the not easily accessible areas of the Sunderbans in West Bengal and this effort has been awarded many times over the years.

The United Bank of India also aims to expand itself internationally and has three well equipped overseas branches at Kolkata, Mumbai and New Delhi.



Yes, Bank is a private sector bank and the four largest of its kind. It was very recently founded by Rana Kapoor and Ashok Kapoor in 2004.

It is known to be one of the top fastest growing banks and has been awarded for the same. Despite joining the race as late as it did, it still leads strongly with about 1500 branches and 1800+ ATMs in India.

It primarily operates as a corporate bank, with retail banking and also asset management as subsidiary functions. Most of the revenue of the bank stems from syndicated loans and corporate banking.

Primarily three entities run it; Yes Bank, Yes Capital, and Yes Asset Management Services. The bank has taken and given many loans to big tycoons and eight major international entities including ADB, OPIC, European investment bank, banks in Taiwan and Japan for amounts ranging from US$ 30 Millon to US$ 410 Millon, which is, in turn, leads to small and medium scale enterprises as well as large corporates.



It is a privately owned bank with its headquarters in Mumbai, Maharashtra. Founded by Uday Kotak with a motto of “let’s make money simple “.

it is the second largest private sector bank in India by capitalization.

The reserve bank of India issued the license to carry out the business .

it offers a wide range of banking and financial services, in areas of personal banking, investment banking and general insurance

In 2015 Kotak Mahindra acquired the ING Vyasa bank at a deal of 15,000 crores and also owned a share of 7%, after the merging the employment jumped to 40,000 with the branches reaching 1621



This bank is a medium-sized public sector bank in India, with a network of 2885 branches, extension counters, 38 satellite offices, and 3798 automated teller machines (ATMs) the banks also entered Tripura and Himachal Pradesh respectively.

Talking about shares in the bank the  Government of India owns 90.85% of its share

Life Insurance Corporation of India holds 7.66% of the shares. The business done by the bank is of ₹3,106 billion (US$45 billion) and has achieved a net a net profit of ₹5.40 billion (US$78 million)

The founder of Andhra bank is Bhogaraju Pattabhi Sitaramayya who founded it in founded Andhra Bank in 1923 in Machilipatnam, Andhra Pradesh.

The bank was registered on 20 November 1923 and started a business on 28 November 1923 with a capital of 100,000


Bank was ranked 532nd amongst the Top 1000 Banks in the world by “The Banker”.



Syndicate bank is one of the oldest and most commercial banks of India; it was founded by  T M A Pai, Upendra Pai, and Vaman Kudva, it was nationalized along with 15 other banks in India in 1969,

This bank has headquarters in Manipal India.

What is interesting that the bank started with a capital of only 8000 rs, its first branch started in 1925 in Udupi in Dakshin Kannada district in Karnataka state?

The primary objective of the bank was to help poor weavers and farmers. for a very long time, they also followed the pigmy deposit system

With time twenty banks merged with the Canara Industrial and Banking Syndicate Limited, the Maharashtra Apex Bank Limited and Southern India Apex Bank Limited.

The bank also has international connections For international business; the Bank has a full-fledged Office at Mumbai.has overseas Branches in London, United Kingdom.SyndicateBank is managing M/s. Musandam exchange, exchange company in Oman.

Talking about capital planning Government of India invested Rs.460 crore capital .and. Rs.750 crore at a coupon rate of 8.95% p.a in December 2014 and Rs.400 crore at a coupon rate of 8.75% p.a during March 2015.

By Sourav Pathak

A Guy Without a "Title". Good friends, Good Books, and a Sleepy Conscience: That Sums of My life.

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