In India, banks play a major role in the development of the Indian Economy. Modern Banking was initiated in the year 1770 by the first modern banks namely the Bank of Hindustan and General Bank of India. Since then Banks in India have played a crucial role in the economy by facilitating the flow of money and enabling economic activities. After that there were so many advancements have been developed in banking services. So nowadays banks in India are so advanced by providing many facilities to the customers . In this article, we have briefly explained the criteria for choosing the best banks in India. Top 10 banks in India with their market capitalization and top 10 private banks in India. This top 10 banks in India topic will be useful for bank exam aspirants and students who are studying financial courses. The PDF of this article is also included in both English and Hindi so make use of it for future purposes.

Top 10 Banks In India 2024 PDF Download in English and Hindi

We have uploaded the list of the top 10 banks in india pdf in English as well in Hindi. So candidates can easily download the PDF  by simply clicking the link given below. You can save it for your future reference. 

Download the List Of Top 10 Banks In India 2024 PDF in English

Download List of Top 10 Banks in India 2024 PDF in Hindi

List of Public Sector Undertakings In India

Criteria for Choosing the Best Banks in India

Usually, the customers only choose which banks are best among all. For that, they have some important considerations in choosing the best banks among all the bank categories. In that, they have some parameters to mention a bank as the best bank in India, they are

• Financial Performance

• Customer Satisfaction

• Technological Innovation

• Extensive Service Offerings

• Effective Risk Management

• Convenience for Easy Accessible 

• Security 

• Advancements in Technology

• Interest Rates

• Account Options

Above mentioned parameters are evaluated in the top banks in India and with these factors the top 10 banks in India are identified.

List of RBI Governors of India 2024

Top 10 Banks in India: Based on their Market Capitalisation

The table shows the information of the top 10 banks in India which is based on their market capitalization for the year 2024 among the 12 public sector banks, 21 private sector banks, and 44 foreign banks are there in India. The top 10 banks by market cap in India are given to learn how banks play an important role in the growth of the Indian economy.

List Of Government Banks in India 2024

List of Indian Banks Headquarters and Taglines

1. HDFC Bank:

• Full form: Housing Development Finance Corporation.

• Founded: August 1994

• Chairman: Atanu Chakraborty

• MD & CEO: Sashidhar Jagdishan

• Headquarters: Mumbai, Maharashtra

• Tagline: We Understand Your World

• Number of Branches: 8,344

• Number of ATMs: 19,727

• Number of Employees: 1,77,000

2. ICICI Bank:

• Full form: Industrial Credit and Investment Corporation of India 

• Founded: 1994

• Chairman: Girish Chandra Chaturvedi

• MD & CEO: Sandeep Bakhshi 

• Headquarters: Mumbai, Maharashtra

• Tagline: Hum hai na, Khayal Apka

3. State Bank of India:

• Founded: 2nd June 1806 (Bank of Calcutta), 27th January 1921 (Imperial Bank of India), 1st July 1955 (State Bank of India), 2nd June 1956 (Nationalisation)

• Chairman: Dinesh Kumar Khara

• Managing Director: Vinay M Tonse

• Headquarters: Mumbai, India

• Tagline: Pure Banking, Nothing Else

• Number of Branches: India – 22,219 & International – 229 Branches 

• Number of ATMs: 62,617

4. Kotak Mahindra Bank:

• Founded: February 2003

• MD & CEO: Ashok Vaswani

• Headquarters: Mumbai, India

• Tagline: Let's Make Money Simple, Ab Kona Kona Kotak

• Number of Branches: 1,780

• Number of ATMs: 2,963

5. Axis Bank:

• Founded: 3 December 1993

• MD & CEO: Amitabh Chaudhry

• Headquarters: Mumbai, India

• Tagline: Badhti ka Naam Zindagi

• Number of Branches: 4,903

• Number of ATMs: 15,953

6. IndusInd Bank:

• Founded: 1994

• MD & CEO: Sumant Kathpalia

• Headquarters: Mumbai, India

• Tagline: We Care Dil Se, We Make You Feel Richer

7. Bank of Baroda:

• Founded: 20 July 1908

• MD & CEO: Debadatta Chand

• Headquarters: Vadodara, India

• Tagline: India's International Bank

8. Punjab National Bank:

• Founded: April 12, 1895

• MD & CEO: Atul Kumar Goel

• Headquarters: New Delhi, India

• Tagline: Name You Can Bank Upon

9. Union Bank of India:

• Founded: November 11, 1919

• MD & CEO: A. Manimekhalai

• Headquarters: Mumbai, India

• Tagline: Good People to Bank with

10. Canara Bank:

• Founded: 1 July 1906

• MD & CEO: K. Satyanarayana Raju

• Headquarters: Bangalore, India

• Tagline: Together We Can

List Of Foreign Banks In India 2024

Top 10 Private Banks In India

The private banks in India operate in a more profit-oriented manner with more innovation and customer-centric services. When compared with public sector banks, private sector banks make innovations in advanced technology with a wide range of digital banking solutions and bring more personalized services to their customers. As a result, private banks in India hold a huge share of the banking market and contribute more to India's financial growth. So for your reference, we have listed the top 10 Private Banks in India below.

The above-listed private banks are ranked based on market capitalization. To learn about the Regional Rural Banks in India you can the given link below.

List Of Regional Rural Banks in India 2024

FAQs

Q. Which bank has the highest market capitalization in the world?

A. US’s JP Morgan Chase has the highest market cap among all banks in the world at $432.31 billion.

Q. Which is the first private bank in India?

A. IndusInd Bank is the first private bank in India, which was established in April 1994 in Mumbai.

Q. Which bank has the highest market capitalization in India?

A. HDFC (Housing Development Finance Corporation) has the highest market capitalization in India.