Top 10 Banks In India 2024: Check The List Of Largest Banks By Market Capitalisation

Top 10 Banks In India 2024: In India, Banks play a major role in the country's financial system by providing various services to individuals, businesses, and the government. In recent years, Banks in India noticed significant advancements in this rapidly growing economy and technology. With these advancements, banks have improved their market capitalization and net assets. In the article, we will delve into the list of top 10 Best Banks in India 2024 by providing a detailed analysis of their operations, financial performance, and their impact on the Indian economy. We can easily understand the top ten banks of India by examining their details. These Indian top 10 banks are ranked not only based on their financial performance but also the fulfilling needs like customer satisfaction, social responsibility, innovation in technology, and other various services. 

The top ten banks of India are the primary members of the banking sector for an extended time with a market share of seventy percent. With these, in the Asia Pacific region investing in Indian banks becoming more dominant and attractive. These best banks in India create more job opportunities in the country and increase the per capita income of the country. Per capita income in India is nothing but the measure of the amount of income earned per person in a nation or a specific region.

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List Of Top 10 Banks In India 2024

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List of Public Sector Undertakings In India

Which Are The Best Banks In India?

Banks in India are named as the best bank of India based on various parameters like exceptional performance and customer-centric approach. The below mentioned are the important factors to name as the best bank India / top performing banks in India.

  • Financial Performance
  • Customer Satisfaction
  • Technological Innovation
  • Extensive Service Offerings
  • Effective Risk Management

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

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Top Indian Banks In 2024 Based On Market Capitalisation:

The below table shows the list of top 10 banks in India 2024 based on market capitalisation among the 12 public sector banks, 21 private sector banks, and 45 foreign banks.

List Of Government Banks in India 2024

Top 10 Banks by market cap in India

S.No.

Bank Name

Bank Type

Market Capitalisation

1

HDFC Bank

Private

12.76

2

ICICI Bank

Private

6.89

3

State Bank of India

Public

5.70

4

Kotak Mahindra Bank

Private

3.71

5

Axis Bank

Private

3.43

6

IndusInd Bank

Private

1.25

7

Bank of Baroda

Public

1.20

8

Punjab National Bank

Public

1.06

9

Union Bank of India

Public

0.92

10

Canara Bank

Public

0.83

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 Indian Banks Headquarters and Taglines

Top 10 Banks In India 2024 List:

The list of top 10 banks in India 2024 is given below. The complete details of Indian top 10 banks and the top 10 banks in India private and government are given. 

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 2024:

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 in India, private sector banks in India 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.

 Top 10 Private Banks In India 2024

S.No.

Bank Name

Headquarters

1

HDFC Bank

Mumbai

2

ICICI Bank

Mumbai

3

Kotak Mahindra Bank

Mumbai

4

Axis Bank

Mumbai

5

IndusInd Bank

Pune

6

IDBI Bank

Mumbai

7

Yes Bank

Mumbai

8

IDFC First Bank

Mumbai

9

AU Small Finance Bank

Jaipur

10

Bandhan Bank

Kolkata

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

List Of Regional Rural Banks in India 2024

Top Ten Banks Of India 2024: FAQs

Here we have provided the most important FAQs regarding the best bank of India 2024 in detail. 

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.

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