This is the largest bank in India | the top ten banks in India through market capitalization in 2025.
hWhat matters is a country’s banking industry? It is undoubtedly the backbone of the economy because it contributes to economic growth, trade and investment, ensures financial opportunities for all, and provides loans to individuals and businesses. With a tech-savvy population and a thriving economy, India’s banking industry has grown significantly over the past decade. In 2025, India’s top banks are also the most important globally in terms of market value. HDFC Bank, for example, is one of the top 15 banks in the world in 2025.
In this article, we will dig into the top 10 banks in India to fully analyze their operations, financial performance and overall impact.
HDFC Bank
- Founded on: August 30, 1994
- MD& CEO: Sashidhar Jagdishan
In terms of market capitalization, HDFC Bank is the largest bank in India and is in the 13th bank in the world, on the same terms. As one of India’s leading private banks, it occupies an important position in the financial industry. HDFC Bank is known for its robust performance and innovative solutions and is a key player in retail, corporate and institutional banking.
July 1, 2023, HDFC Bank merge Along with HDFC Ltd., its sister housing finance company. Merger is to provide users with better and more comprehensive financial services.
Sashidhar Jagdishan, Managing Director and CEO of HDFC Bank, was recently appointed Highest Salary Bank CEO InIndia.
Also read: The top ten FMCG companies in India are divided by market value
ICICI Bank
- Founded on: January 5, 1994
- MD& CEO: Sandeep Bakhshi
ICICI Bank provides a wide range of financial services. It serves millions of customers in India and abroad, and is known for its customer-friendly approach, competitive prices and advanced technology.
In the nearest ESG ReportICICI Bank has clearly announced that its green financing portfolio accounts for 21.4% of the total amount borrowed in 2023, totaling approximately US$119 billion.
Read also: Commercial Banks in India: Types and Functions
National Bank of India (SBI)
- Founded on: July 1, 1955
- Chairperson: Challa Sreenivasulu Setty
With its headquarters in Mumbai, SBI is India’s largest public sector bank. It has 22,405 branches in India, has 23% market share in 36 countries and has a strong business abroad.
SBI surpassed Reliance Industries in the April-June quarter of fiscal year 2023-24 The most profitable companies in India.
Kotak Mahindra Bank
- Founded on: November 21, 1985
- MD& CEO: Ashok Vaswani
Kotak Mahindra Bank provides a variety of services to a wide range of customers including companies, retailers and small and medium-sized enterprises.
Uday Kotak served as MD and CEO of Kotak Mahindra Bank Ltd. for 21 years. His successor has not been determined, and the Reserve Bank of India (RBI) reportedly as an outsider to replace him.
Axis Bank
- Founded on: December 3, 1993
- MD& CEO: Amitabh Chaudhry
Axis Bank is one of the largest private banks in India. It specializes in providing financial services for large and medium-sized companies, small and medium-sized enterprises and retail operations. Axis Bank prioritizes digital banking, ensuring a seamless and user-friendly experience and meeting a wide range of retail, corporate and institutional needs.
Amitabh Chaudhry, CEO of Axis Bank, is the second highest-paid CEO of Bank of India. The bank has partnered with Digital Banking Enterprise this year to provide its user base with a local digital current account journey.
Varoda Bank (Bob)
- Founded on: July 20, 1908
- MD& CEO: Debadatta Chand
Headquartered in Vadodara, Gujarat, Vadodara witnessed the first three-way merger with Dena Bank and Vijaya Bank. As a state-owned bank, Baroda Bank is known for its extensive branch network and diversified banking services, covering retail, corporate banking and finance operations.
according to Recent documentsBaroda Bank’s net profit was Rs 4,070.1 crore for the April-June quarter of fiscal 2023-24, an 88.7% higher than the same quarter in the previous quarter.
Punjab National Bank (PNB)
- Founded on: May 19, 1893
- CEO: Atul Kumar Goel
The National Bank of Punjab provides a wide range of banking services such as retail, corporate and international banking. The bank’s strong presence in rural and semi-urban areas is evident in the bank’s commitment to financial inclusion. Its customer base is over 180 million.
Freedom fighter Lala Lajpat Rai is one of the founding members of the bank and is closely related to the bank’s early management.
United Bank of India (UBI)
- Founded on: November 11, 1919
- CEO: A. Manimekhalai
Mahatma Gandhi established the Office of the United Bank of India in 1919. The bank was founded in 1969 and, together with 14 other banks, uses its funds and resources to the country’s development. When India became independent, UBI had four branches. Today, it has a network of over 8,700 branches in India thanks to its merger with Corporate Bank and Andhra Bank in April 2020.
Canara Bank
- Founded on: July 1, 1906
- MD& CEO: K. Satyanarayana Raju
The origins of Canara Bank date back to 1906. Philanthropist Ammmbal Subba Rao Pai established the Canara Hindu Permanent Fund in Mangalore, which later became Canara Bank. It was nationalized with 13 other banks on July 19, 1969. This is also the first Indian bank to obtain ISO certification from the general branch bank. As of June 2024, Canara Banking Services has over Rs 11,42 crore of customers through a network of 9,627 branches and 12,256 ATMs/recyclers, distributed across all Indian states and union territories. CEO and MD K Satyanarayana Raju recently announced that the bank is opening another 250 branches in fiscal 25.
IDBI Bank
- Founded on: July 1, 1964
- CEO: Rakesh Sharma
IDBI (Industrial Development Bank of India) was originally a development finance institution, aiming to provide financial services to the industrial sector when the Indian government established the industrial sector in 1964. In 2005, the agency merged with the commercial sector to manufacture today’s IDBI bank. Sidbi, Exim, India National Stock Exchange, SEBI and National Securities Possitory Limited are rooted in IDBI. The Indian government now holds a 45.48% stake in the bank, with the life insurance company (LIC) having a control share of 49.24% after the institute was asked to inject capital into and manage the bank to meet regulatory norms in 2019.
FAQ
1. Which bank has the highest market value?
JP Morgan Chase has the highest market value among all banks in the world (as of 2025), at $743.37 billion.
2. Which is the first private bank in India?
Indusind Bank was founded in Mumbai in April 1994 and holds the title of India’s first private bank.
