Largest Banks In India By Market Capitalization


The banking industry is crucial to India’s economic growth as a developing country. Both commercial and agricultural players can obtain loans from banks. Do you know the top 10 largest banks in India or the top banks in India according to RBI? 27 public sector banks, 21 of which have been nationalised, and 6 of which are a part of the State Bank Group. Along with 45 foreign private sector banks that assist the Indian financial system, 21 private sector banks also provide services to the country. A massive merger of 27 public sector banks into 12 powerful PSU banks has been announced by the government of India. By the conclusion of this fiscal year, the merger is anticipated to become effective. We have listed the 10 largest banks in India by marketing capitalization below. 

S. No.Bank NameMarket Cap. in INR (Cr. ₹)
1.HDFC Bank822,326 
2.ICICI Bank446,774
4.Kotak Mahindra Bank351,061
5.Axis Bank230,152
6.Induslnd Bank80,045
7.Bandhan Bank51,853
9.Bank of Baroda44,008
10.Yes Bank35,327


In terms of assets and market capitalization, HDFC Bank Ltd., a privately held Indian bank, the largest bank in India in 2021 (822,326 cr). With its headquarters in Mumbai, Maharashtra, and 6000 offices nationwide, the bank is held to a 25.7% extent by Housing Development Finance Corporation (Indian Financial Services).

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The second-largest bank in the Indian private sector by market valuation (446,774 cr.) is ICICI Bank Ltd. The bank was established in January 1994, has over 5000 branches in India, and is present in 17 countries. Its headquarters are in Bandra, Mumbai, and Vadodara, Gujarat, where it is registered.

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State Bank of India (SBI)

In June 2021, State Bank of India (SBI), an international Public Sector Undertaking (PSU) bank, became the largest bank in India, with a market share of assets of 23% and a market capitalization of 383,312 crores. Imperial Bank of India was its previous name; it was established in 1921 as a result of the merger of Bank of Bengal, Bombay, and Madras. State Bank of India became its name in 1995. With its corporate headquarters in Mumbai, Maharashtra, SBI has over 24,000 branches throughout India and 191 offices across more than 36 nations, including Canada, Australia, the United Kingdom, China, Bahrain, South Korea, and others.

Kotak Mahindra Bank Ltd

By market capitalization (351,061) in June 2021, privately held Indian bank Kotak Mahindra Bank Ltd. was India’s fourth-largest bank overall and third-largest private bank. With its headquarters in Mumbai, Maharashtra, and more than 1600 offices around India, Uday Kotak is an Indian banker who is a millionaire.

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Axis Bank Ltd

According to the market cap (230,152), Axis Bank Ltd., an Indian private sector bank, is the fifth-largest bank in India. With its headquarters in Mumbai, Maharashtra, and a network of almost 5000 domestic branches as well as 9 international offices, Axis was first established in 1993 as UTI Bank.

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Indusind Bank Ltd.

One of the largest banks in India by market valuation (80,045 Cr. in June 2021) is Indusland Bank Ltd., a privately held Indian bank owned by the Hinduja Group and founded in April 1994 by S. P. Hinduja, a multibillionaire businessman from India, with its main office in Pune, Maharashtra. Approximately 2000 branches make up the bank’s network in India.

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Bandhan Bank

With its headquarters in Kolkata, West Bengal, Bandhan Bank is a private Indian bank that was established in August 2015. Its nationwide network includes more than 5000 outlets and 1000 branches, serving more than 2.5 crore people. With a market worth of 51,853 Cr. as of June 2021, Bandhan Bank is the seventh-largest bank in India.

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Punjab National Bank (PNB)

Founded in April 1894 and with its headquarters in New Delhi, Punjab National Bank (PNB) is an Indian Public Sector Undertaking (PSU) bank owned 85.59% by the Indian government. With a market capitalization of 46,686 Cr as of June 2021, PNB is one of the major banks in India and the eighth-largest bank overall. With a network of more than 12,000 branches nationwide as well as additional branches in overseas nations including the UK, UAE, Hong Kong, Norway, Australia, and many others, PNB provides service to over 18 crore people.

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Bank of Baroda (BOB)

One of the oldest banks in India, the Bank of Baroda (BOB) was created in July 1908 and is a public sector undertaking of the Indian government, which owns 63.97% of the company. Its headquarters are in Vadodara, Gujarat. As of June 2021, BOB had a market capitalization of 44,008 crores, making it the third-largest PSU and the ninth-largest bank in India. BOB has 107 offices overseas, including the USA, UK, Singapore, Thailand, UAE, Malaysia, and more, in addition to more than 8,200 branches across the nation that service over 13 crore customers.

Yes Bank Ltd

With its headquarters in Mumbai, Maharashtra, Yes Bank Ltd. is a private Indian bank that was established in 2004 by former banker Rana Kapoor. By market capitalization, Yes Bank was the tenth-largest bank in India as of June 2021, with a network of more than 1000 branches. 30% of the company was owned by the State Bank of India (SBI) as of July 2020.

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