The banking sector plays an important role in giving the push to the economy. Commercial individuals, as well as other agriculture sectors, opt for loans from the banks. Also, banks are a ood, secure, and safe place where investors tend to invest their money. Similar to the other nations, banks have a crucial role to play in India too. If you’re looking for a quick guide that will help you walk through the top 10 banks in India, here is the best solution. Scroll through the top Indian banks straight away.
1. HDFC Bank
According to the bank ranking in India, HDFC bank is one of the largest sector banks headquartered in Mumbai. Payzapp and SmartBUY are the two digital products that the Bank boasts. In addition, a wide range of services is offered by the Bank, including personal banking, wholesale banking, business loans, and more.
2. State Bank of India
A government bank in India, State Bank of India, is headquartered in Mumbai. The Bank is the largest in the public sector and secures second place in the top 10 banks in India. Due to its large market share of 23%, it is known to be the biggest Bank in India.
3. ICICI Bank Ltd
With a presence in 17 countries, ICICI Bank Ltd is one of the best banks in India. Headquartered in Mumbai, Maharashtra, this Bank is known to offer a bunch of banking products as well as services in various areas. This Bank is one of the best banks in India that enjoys an overseas presence too.
4. Kotak Mahindra Bank Limited
Headquartered in the financial capital of India, Mumbai, this Bank is known to be the third-largest Bank in the private sector. Life insurance, wealth management, investment banking, and personal finance are some of the services that Kotak Mahindra Bank offers to customers.
5. Axis Bank Ltd
Best known for its financial services, Axis Bank Ltd is a private sector bank in India. Before July 2007, the Bank was known by the name UTI Bank Limited. With more than 4500 branches today, Axis Bank is recognized among the top 10 banks in India.
6. Punjab National Bank (PNB)
Punjab National Bank (PNB) is one of the most reliable and oldest banks that is currently operating in India. With its headquarter in London, this Bank gained the name of First “Swadeshi Bank” of India.
7. YES Bank
YES Bank is one of the leading and fastest-growing banks in India that is best known for its retail banking and asset management functions. Founded in the year 2004, the Bank stood the test of time.
8. Bank Of Baroda Or BoB
Bank Of Baroda has secured its place among the top 10 banks in India – and that too for a good reason. In April 2019, the Bank gained immense fame after its merger with top banks – Vijaya Bank and Dena Bank.
9. Bank of India
Indian government-owned Bank, Bank of India, is headquartered in Bandra Kurla Complex, Mumbai. Not just in India, the Bank of India has five subsidiaries, five representative offices, and a joint venture outside India.
10. IndusInd Bank Limited
A new generation bank that is headquartered in Pune, IndusInd Bank Limited offers a comprehensive range of services. The Bank had gained an excellent deal of fame due to its robust remittance business.
So this was the list of the best ten banks in India that are secure, reliable, and stand the test of time. We hope this article has helped you to get a good deal of understanding about the different but reputed banks in India. Lastly, the banks mentioned in the list have high market capitalization value.
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