Top 10 Private Banks in India


Everybody is familiar with the term “Bank” which is a financial institution which deals with a finance-related thing. It may be either Government or Private.

We are here going to discuss the top 10 private Banks in India.

Top 10 Private Banks in India

1.HDFC Bank Limited

top 10 private banks in India

HDFC Bank Ltd. is one of the best Private Bank listed in India, started its financial services in 1994 having a registered office and headquartered in Mumbai, Maharashtra.

HDFC bank is largest private sector bank in India. It is also one of the largest company in India in terms of Market capitalization.

It has market capitalization of ₹ 815,043 Crore.

HDFC has a wide network of 5,500 branches across 2,764 cities, according to a report published in 2019.

HDFC bank has 1,16,971 employees working with them.

Services Offered :

  • Wholesale Banking
  • Retail Banking
  • Auto Loans
  • 2-Wheeler Loans
  • Personal Loans
  • Loans against Property
  • Credit Cards, Debit Cards
  • Various Digital Products – Payzapp, SmartBUY.

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2. Kotak Mahindra Bank Limited

Kotak Mahindra Bank is the 2nd largest private Indian bank by market capitalization, with the expansion of 1600 branches. In starting of 2003, RBI issued a banking license to Kotak Mahindra Finance Ltd. (KMFL), hence it becomes the 1st non-banking finance company to be converted into an Indian Private Bank.

Kotak Mahindra Bank was founded by Uday Kotak In Year 2003. The Current Chairman of the company is Prakash Apte.

The company has 33,000 employees working with them.

Services Offered

  • Corporate Banking
  • Retail Banking
  • Personal Finance
  • Investment Banking
  • Life Insurance
  • Wealth Management

The Subsidiaries of Kotak Mahindra Banks are

  • Kotak Mahindra General Insurance
  • Kotak Life Insurance
  • Kotak Mutual Fund
  • Kotak Securities
  • Airtel Payment Bank

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3. ICICI Bank Limited

ICICI bank Limited

It stands for Industrial Credit and Investment Corporation of India (ICICI). ICICI Bank Ltd holds a good position in the list of top private banks in India, it is a multinational bank with having a registered office in Vadodara, Gujrat, and a corporate office in Maharashtra.

ICICI has expanded its subsidiaries branches in countries like UK and Canada and has broadened their branches in approx 17 countries.

The chairman of the company is Girish Chandra Chaturvedi. The company was founded in Year 1994. There are 5,275 employees working with ICICI Bank Limited.

Services Offered

  • Corporate Banking 
  • Retail Banking
  • Investment Banking
  • Life Insurance
  • Non-Life Insurance
  • Venture Capital
  • Asset Management

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4. Axis Bank Limited

top 10 Private Banks In India

Axis Bank ltd came into the financial role in 1993, registered office in Ahmedabad. The 1st branch of the bank was established in 1994 and inaugurated by Manmohan Singh  (Finance Minister at that time). If we talk about the shares of the bank it is divided into 2 major parts, 30.81% of the bank’s shares are owned and operated by the promoters which include United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC, and UTI.

And 69.19% of the banks share are owned and operated in parts like Mutual funds, banks, insurance companies corporate management, individual investors.

Services Offered

  • Retail Banking
  • Corporate Banking
  • International Banking

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5. Bandhan Bank Limited

Bandhan Bank Ltd.

Bandhan Bank Ltd before its universal identity started its services as microfinance services from a small village of Kolkata. Apart from many challenges Bandhan got a universal license in 2015 from RBI. At present Bandhan Bank Ltd is Serving in almost every state of India. It is interesting to note down that in 2010 Bandhan Bank was recognized as the largest MFI in the country. It is one of the top 10 private banks in India.

The founder & CEO of the company is Chandra Shekhar Ghosh. The company has 47,260 employees working with them.

Services Offered:

  • Retail Banking
  • Corporate Banking
  • Microfinance Services

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6. IDBI Bank Limited

IDBI stands for Industrial Development Bank of India. It was incorporated in India in 1964 for the purpose to handle the industrial growth in the country. It helped the growth of industries in Indian rupees as well as in foreign currencies. It effectively promoted the industry and allows the industry to expand which can contribute to the Indian Economy.

IDBI Bank is a Subsidiary of Life Insurance Corporation (LIC). Life Insurance Corporation (LIC) completed the acquisition of 51% controlling stake in January 2019 making it the Largest shareholder of the IDBI Bank.

The chairman of the Company is M.R. Kumar. The company has 18,000 employees as of 2019 data.

Services Offered:

  • Retail Banking
  • Corporate Banking
  • Investment Banking
  • Pensions
  • Credit Cards
  • Mortgages

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7. Induslnd Bank Limited

Indusind Bank Limited.

IndusInd Bank is considered as one of the top listed new generation banks in India. It was incorporated in 1994 and headquartered in Pune. With an amount of 100 crores, it started its services in the country of which 60 crores were funded by Indian residents, and the rest amount of 40 crores was funded by Non-Residents Indians. According to Bank the name of the bank is derived from the Indus Valley Civilisation. 

IndusInd bank is One of the top 10 Private Banks in India.

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8. Yes Bank Limited

Yes Bank Ltd. was founded in 2004 as a private bank, headquartered in Mumbai. It provides a variety of banking services to customers. In 2020 the bank was totally collapsed due to the excessive amount of loans. But then RBI handled this bank very wisely by changing the board members. So from that time, SBI owns 30 percent of the company stocks.

The chairman of the company is Sunil Mehta.

Services Offered

  • Consumer Banking
  • Corporate Banking
  • Finance and Insurance
  • Mortgage loans
  • Private Banking
  • Wealth Management
  • Investment Banking

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9. AU Finance Bank Limited

AU finance bank is a small finance bank that was earlier a vehicle finance company but in 2017 AU got the banking license from RBI and headquartered in Rajasthan. This bank is considered as largest bank by number for having branches in its home state 

Services Offered

  • Retail Banking
  • Finance Services
  • Microfinance

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10. IDFC First Bank Limited

Generally, it is known as IDFC Bank, recognized by RBI, and incorporated in 2015. Its Branch is Located in almost all popular city of the Country and serving the customer.

Headquarter of the company is in Mumbai, Maharashtra. The company has 20,000 employee working for them.

Services Offered 

  • Consumer Banking
  • Corporate Banking
  • Home Loans against Property
  • Microenterprise loans
  • Wealth Management

Click to Visit Website


Also Read:

Top 10 Tiles companies in India


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