Top 10 Banking Institutions in India

Explore the top 10 banking institutions in India, including State Bank of India (SBI), HDFC Bank, ICICI Bank, and more. Discover key details such as headquarters, establishment, leadership, financial metrics, and services offered by these leading banks shaping India’s financial landscape.

SBI

Aspect	Details
Full Name	State Bank of India
Type	Public Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	1st July 1955 (Merger of Imperial Bank of India, Bank of Bombay, and others)
Chairperson	Dinesh Kumar Khara (as of last update in January 2022)
CEO	Dinesh Kumar Khara (as of last update in January 2022)
Total Assets	As of March 2021, approximately ₹44.33 trillion (USD 593 billion)
Number of Branches	Over 22,000 branches across India
Number of ATMs	Over 58,000 ATMs across India
Employees	Approximately 2,49,448 (as of March 2021)
Revenue	₹297,164 crore (USD 40 billion) for FY 2020-21
Net Income	₹20,410 crore (USD 2.7 billion) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	SBI Cards, SBI Life Insurance, SBI Mutual Fund, SBI Capital Markets, etc.
International Presence	Operates through overseas branches and subsidiaries in various countries
Website	State Bank of India

State Bank of India (SBI) is the largest public sector bank in India and one of the oldest financial institutions in the country. It offers a wide range of banking and financial services to individual customers, businesses, and corporate clients.

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HDFC Bank

Aspect	Details
Full Name	HDFC Bank Ltd
Type	Private Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	August 1994
Managing Director & CEO	Sashidhar Jagdishan (as of last update in January 2022)
Total Assets	₹17.95 trillion (USD 240 billion) as of March 2021
Number of Branches	Over 5,608 branches and 16,087 ATMs across India
Employees	Approximately 1,18,376 (as of March 2021)
Revenue	₹1,00,000 crore (USD 13 billion) for FY 2020-21
Net Income	₹31,116 crore (USD 4.2 billion) for FY 2020-21
Products and Services	Retail banking, wholesale banking, treasury, loans, credit cards, wealth management, insurance, investment banking, etc.
Subsidiaries	HDFC Securities, HDFC ERGO General Insurance, HDFC Life Insurance, HDFC Asset Management, etc.
Website	HDFC Bank

ICICI Bank

Aspect	Details
Full Name	ICICI Bank Ltd
Type	Private Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	January 1994
Managing Director & CEO	Sandeep Bakhshi (as of last update in January 2022)
Total Assets	₹16.55 trillion (USD 221 billion) as of March 2021
Number of Branches	Over 5,324 branches and 15,688 ATMs across India
Employees	Approximately 99,632 (as of March 2021)
Revenue	₹91,742 crore (USD 12.3 billion) for FY 2020-21
Net Income	₹16,192 crore (USD 2.2 billion) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	ICICI Prudential Life Insurance, ICICI Lombard General Insurance, ICICI Securities, ICICI Home Finance, etc.
Website	ICICI Bank

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Axis Bank

Aspect	Details
Full Name	Axis Bank Ltd
Type	Private Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	December 1993
Managing Director & CEO	Amitabh Chaudhry (as of last update in January 2022)
Total Assets	₹10.62 trillion (USD 142 billion) as of March 2021
Number of Branches	Over 4,594 branches and 12,722 ATMs across India
Employees	Approximately 84,303 (as of March 2021)
Revenue	₹79,186 crore (USD 10.6 billion) for FY 2020-21
Net Income	₹7,150 crore (USD 960 million) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	Axis Securities, Axis Capital, Axis Mutual Fund, Axis Finance, etc.
Website	Axis Bank

Bank of Baroda

Aspect	Details
Full Name	Bank of Baroda
Type	Public Sector Bank
Headquarters	Vadodara, Gujarat, India
Established	20th July 1908
Managing Director & CEO	Sanjiv Chadha (as of last update in January 2022)
Total Assets	₹17.72 trillion (USD 237 billion) as of March 2021
Number of Branches	Over 8,200 branches and 13,000 ATMs across India
Employees	Approximately 85,000 (as of March 2021)
Revenue	₹66,710 crore (USD 8.9 billion) for FY 2020-21
Net Income	₹2,128 crore (USD 285 million) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	Bank of Baroda (Botswana) Ltd, Bank of Baroda (Trinidad & Tobago) Ltd, BOB Capital Markets Ltd, etc.
Website	Bank of Baroda

Punjab National Bank (PNB)

Aspect	Details
Full Name	Punjab National Bank
Type	Public Sector Bank
Headquarters	New Delhi, India
Established	19th May 1894
Managing Director & CEO	S. S. Mallikarjuna Rao (as of last update in January 2022)
Total Assets	₹14.71 trillion (USD 197 billion) as of March 2021
Number of Branches	Over 7,000 branches and 12,000 ATMs across India
Employees	Approximately 70,000 (as of March 2021)
Revenue	₹61,893 crore (USD 8.3 billion) for FY 2020-21
Net Income	₹2,022 crore (USD 271 million) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	PNB Housing Finance, PNB Gilts Ltd, PNB Investment Services Ltd, etc.
Website	Punjab National Bank

Union Bank of India

Aspect	Details
Full Name	Union Bank of India
Type	Public Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	11th November 1919
Managing Director & CEO	Rajkiran Rai G. (as of last update in January 2022)
Total Assets	₹17.29 trillion (USD 231 billion) as of March 2021
Number of Branches	Over 9,500 branches and 13,000 ATMs across India
Employees	Approximately 75,000 (as of March 2021)
Revenue	₹45,156 crore (USD 6.1 billion) for FY 2020-21
Net Income	₹1,329 crore (USD 178 million) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	Union Asset Management Company Pvt. Ltd., Union Trustee Company Pvt. Ltd., Union Housing Finance Ltd., etc.
Website	Union Bank of India

IndusInd Bank

Aspect	Details
Full Name	IndusInd Bank Ltd
Type	Private Sector Bank
Headquarters	Pune, Maharashtra, India
Established	1994
Managing Director & CEO	Sumant Kathpalia (as of last update in January 2022)
Total Assets	₹4.09 trillion (USD 55 billion) as of March 2021
Number of Branches	Over 2,000 branches and 2,700 ATMs across India
Employees	Approximately 34,000 (as of March 2021)
Revenue	₹34,224 crore (USD 4.6 billion) for FY 2020-21
Net Income	₹3,301 crore (USD 443 million) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, insurance, asset management, etc.
Subsidiaries	IndusInd Bank Global Ltd, Bharat Financial Inclusion Ltd (BFIL), etc.
Website	IndusInd Bank

Kotak Mahindra Bank

Aspect	Details
Full Name	Kotak Mahindra Bank Ltd
Type	Private Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	2003
Managing Director & CEO	Uday Kotak (as of last update in January 2022)
Total Assets	₹4.54 trillion (USD 61 billion) as of March 2021
Number of Branches	Over 1,600 branches and 2,500 ATMs across India
Employees	Approximately 33,000 (as of March 2021)
Revenue	₹34,266 crore (USD 4.6 billion) for FY 2020-21
Net Income	₹8,435 crore (USD 1.1 billion) for FY 2020-21
Products and Services	Retail banking, corporate banking, investment banking, wealth management, insurance, asset management, mutual funds, etc.
Subsidiaries	Kotak Mahindra Prime Ltd, Kotak Mahindra Investments Ltd, Kotak Mahindra Old Mutual Life Insurance Ltd, etc.
Website	Kotak Mahindra Bank

Yes Bank

Aspect	Details
Full Name	Yes Bank Ltd
Type	Private Sector Bank
Headquarters	Mumbai, Maharashtra, India
Established	2004
Managing Director & CEO	Prashant Kumar (as of last update in January 2022)
Total Assets	₹2.49 trillion (USD 33 billion) as of March 2021
Number of Branches	Over 1,100 branches and 1,800 ATMs across India
Employees	Approximately 18,000 (as of March 2021)
Revenue	₹26,964 crore (USD 3.6 billion) for FY 2020-21
Net Income	₹-16,418 crore (USD -2.2 billion) for FY 2020-21 (loss due to provisioning)
Products and Services	Retail banking, corporate banking, investment banking, wealth management, insurance, asset management, mutual funds, etc.
Subsidiaries	Yes Securities (India) Ltd, Yes Asset Management (India) Ltd, Yes Trustee Ltd, etc.
Website	Yes Bank

India’s banking sector is anchored by a diverse array of top institutions, each playing a pivotal role in the nation’s economy and financial ecosystem. From State Bank of India, the country’s largest public sector bank, to dynamic private sector leaders like HDFC Bank, ICICI Bank, and others such as Bank of Baroda and Punjab National Bank, these institutions not only offer comprehensive financial services but also drive innovation and inclusive growth. Their extensive branch networks, robust digital platforms, and commitment to customer service underscore their importance in facilitating economic development and enhancing financial inclusion across India.

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