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Top 10 Banks in India – List of Best Indian Banks

AXIS Bank Ltd

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai and registered office in Ahmedabad. It provides a range of services that are- Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management. It is one of the top 10 Banks in India.

Bank of Baroda

It is one of the top 10 Banks in India. Bank of Baroda is headquartered in Vadodara. It is state-owned and financial services and banking company. The corporate office of this premier Indian Bank is located in Mumbai. There are various subsidiaries of Bank of Baroda including BOB Capital Cards and Bobcards Ltd. BOB Capital Market is a SEBI registered investment banking company is a wholly-owned subsidiary of Bank of Baroda. Another Subsidiary is BOBcards is a credit card company.

Bank of India

Bank of India was founded in the year 1906 and is headquartered in Mumbai. Services of this bank include commercial banking, retail banking, private banking, mortgage, and credit cards. Bank of India is also a founder member of SWIFT which offers financial processing and communication services. It is one of the top 10 Banks in India.

Canara Bank

Canara Bank is one of the largest public sector banks owned by the Government of India. Its headquarter is in Bengaluru. It was established at Mangalore in 1906 by Ammembal Subba Rao Pai. It is one of the oldest public sector banks in the country. It provides a range of servces that include – Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions Mortgages, and Credit Cards. It is one of the top 10 Banks in India.

HDFC Bank Ltd

HDFC Bank was founded in the year 1994 and is headquartered in Mumbai. It stands among the top 10 banks in India. The bank offers- Investment Banking, Wealth Management, Investment Management, Corporate Banking, Private Equity, Credit Cards, Finance & Insurance, Consumer Banking, and Mortgages. HDFC Bank is India’s largest private sector lender by assets. It is the largest bank in India by market capitalization as of March 2020.

ICICI Bank Ltd

The bank holds a strong position in the list of Top 10 banks in India. It is headquartered in Mumbai. The bank offers a wide range of services including venture capital, asset management, consumer banking, corporate banking, finance, wealth management, private banking, mortgage loans, insurance investment banking, etc. There are various subsidiaries of ICICI Bank- Prudential, ICICI Lombard, Prudential securities, etc.

Kotak Mahindra Bank Ltd

Kotak Mahindra Bank was founded in the year 2003. It is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. Its subsidiaries are- Kotak Securities, Kotak Life Insurance, Kotak Mahindra Prime Limited, Kotak Mahindra General Insurance Company Limited, Kotak Mahindra Capital Company, Kotak Mahindra Investments Limited, etc.

Punjab National Bank (PNB)

Punjab National Bank was founded in the year 1894. Punjab National Bank is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. The bank is the second largest public sector bank in India, both in terms of business and its network. The bank provides- Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management. Also, It is one of the top 10 Banks in India.

State Bank Of India (SBI)

The State Bank of India was founded in the year 1955 and is headquartered in Mumbai. The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. SBI is ranked 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019. It has branches in overseas and India. Its subsidiaries are – SBI Life Insurance Ltd, SBI Cards and Payment Services Ltd, SBI General Insurance, Jio Payments Bank, etc.

Union Bank of India

Union Bank Of India was founded in the year 1919 and is headquartered in Mumbai. It is one of the largest government-owned banks in India. It also offers an online telebanking facility to its core banking customers including corporate and individual as well. UBI also has representative offices in Shanghai, Beijing and Abu Dhabi. The bank provides all financial services such as – Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, and wealth management. It is one of the top 10 Banks in India.

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