Top 10 Private Banks in India 2021.
Table of Contents
The Indian banking industry plays an important role in the economy of the country and is the most controlling segment of the financial sector. Banks help people with savings to investments and encourage economic growth by allowing them to save and invest in those that have the potential to yield higher returns.
Private banks are owned by either individual or general partners with limited partners. In India private bank was started in the year of 1904, to develop the financial position and economy of the country.
At present there are 21 Private banks in India, List of Private banks and Headquarter, there are:
| BANK NAME | ESTABLISHED | HEADQUARTER |
| Axis Bank https://www.axisbank.com/ | 1993 | Mumbai, Maharashtra |
| Bandhan bank https://www.bandhanbank.com/ | 2015 | Kolkata, West Bengal |
| CSB Bank https://www.csb.co.in/ | 1920 | Thrissur, Kerala |
| City Union Bank https://www.cityunionbank.com/ | 1904 | Thanjavur, Tamilnadu |
| DCB Bank https://www.dcbbank.com/ | 1930 | Mumbai, Maharashtra |
| Dhanalaxmi Bank https://www.dhanbank.com/ | 1927 | Thrissur, Kerala |
| Federal Bank https://www.federalbank.co.in/ | 1931 | Kochi, Kerala |
| HDFC Bank https://www.hdfcbank.com/ | 1994 | Mumbai, Maharashtra |
| ICICI Bank https://www.icicibank.com/ | 1964 | Mumbai, Maharashtra |
| IDBI Bank https://www.idbibank.in/index.asp | 1964 | Mumbai, Maharashtra |
| IDFC First Bank https://www.idfcfirstbank.com/ | 2015 | Mumbai, Maharashtra |
| IndusInd Bank https://www.indusind.com/ | 1994 | Mumbai, Maharashtra |
| Jammu & Kashmir Bank https://www.jkbank.com/ | 1938 | Srinagar, Jammu & Kashmir |
| Karnataka Bank https://karnatakabank.com/ | 1924 | Mangalore, Karnataka |
| Karur Vysya Bank https://www.kvb.co.in/ | 1916 | Karur, Tamilnadu |
| Kotak Mahindra Bank https://www.kotak.com/ | 2003 | Mumbai, Maharashtra |
| Nainital Bank https://www.nainitalbank.co.in/ | 1922 | Nainital, Uttarakhand |
| RBL Bank https://www.rblbank.com/ | 1943 | Mumbai, Maharashtra |
| South Indian Bank https://www.southindianbank.com/ | 1929 | Thrissur, Kerala |
| Tamilnad Mercantile Bank https://www.tmb.in/ | 1921 | Thoothukudi, Tamilnadu |
| Yes Bank https://www.yesbank.in/ | 2004 | Mumbai, Maharashtra |
Here we can see the list of the top 10 Private banks in India in the year. These lists are ranked based on the Market Capitalization of the Bank.
10.Federal Bank
Federal Bank Limited is a major Indian commercial bank in the private sector. The Bank offers its customers, a variety of services such as Internet banking, Mobile banking, online bill payment, online fee collection, depository services, Cash Management Services, merchant banking services, insurance, mutual fund products, and many more.
- Founded: 1931
- Headquarter: Aluva, Kerala.
- Industry: Bank
- Market Capitalization: 16,55,764.18 lakhs
- Return on Assets (%) 0.17
- Assets:18.O63,805 lakhs
- Federal Bank Outlets are 1,284, ATM is 1555, and 410 cash recyclers.
9. IDFC FIRST BANK
IDFC FIRST Bank offers a range of financial solutions to individuals, small businesses, and corporates. In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. IDFC FIRST Bank was founded as a new entity by the merger of Erstwhile IDFC Bank
- Founded:2018
- Headquarter: Mumbai, Maharashtra
- Industry: Bank
- Market Capitalization: 28,76,165.37 lakhs
- Return on Assets (%) 0.17
- Assets:18.O63,805 lakhs
- IDFC FIRST BANK Branch is 799, ATM is 141.
8.IDBI Bank
Industrial Development Bank of India is a full-service universal bank, provides a wide range of banking and financial services to corporate and retail customers throughout India and investment solutions.
- Founded:1964
- Headquarter: Mumbai, Maharashtra
- Industry: Bank
- Market Capitalization: 31,71,958.64 lakhs
- Assets: 302674 48 lakhs
- IDBI Bank Branch is 1887, ATM is 3467.
7.YES BANK
YES BANK, provide our corporate clients with a complete suite of investment and Banking services both in India and internationally, in collaboration with our financial partners
YES BANK, is a high-quality, customer-centric, and service-driven Bank. Since its inception in 2004, YES BANK has grown into a ‘Full-Service Commercial Bank’ providing a complete range of products, services, and technology-driven digital offerings, catering to corporate, Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management.
- Founded: 2004
- Headquarter: Mumbai, Maharashtra
- Industry: Bank
- Market Capitalization: 41,09,004.58 lakhs
- Return on Assets (%) 0.2
- Assets:260,062 CRORE
- YESBANK Branch are 1000, ATM is 1800.
6.Bandhan Bank
Bandhan Bank Ltd. is an Indian banking and financial services company. Bandhan Bank started in 2001 as a not-for-profit enterprise providing microloans to the underprivileged sections of society. It focused on financial inclusion and women empowerment through sustainable livelihood creation.
In 2006, Bandhan acquired an NBFC to scale up microfinance activities. It turned into an NBFC-MFI to further its core objective of financial inclusion. In 2010, Bandhan was recognized as the largest MFI in the country.
- Founded: 2015
- Headquarter: Kolkata, West Bengal.
- Industry: Bank
- Market Capitalization: 54,44,988.78 lakhs
- Return on Assets (%) 2.4
- Assets: 1,072.98 Billion
- Bandhan Bank Branch are 4,701, ATM is 487.
5.IndusInd Bank
IndusInd Bank Limited is a new-generation Indian bank. Bank offers a wide array of products and services for individuals and corporates including microfinance, personal loans, personal and commercial vehicles loans, credit cards, SME loans. We are also a preferred banking partner for various Government entities, PSUs, and large corporates.
- Founded: 1994
- Headquarter: Mumbai, Maharashtra.
- Industry: Bank
- Market Capitalization: 77,63,417.73 lakhs
- Return on Assets (%) 1.07
- Assets: 341,79,437 lakhs
- IndusInd Bank Branch are 1915, ATM is 2835.
4.Axis bank
Axis Bank Limited is an Indian private sector bank. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses. Axis Bank is one of the first new-generation private sector banks to have begun operations in 1994.
- Founded: 1994
- Headquarter: Mumbai, Maharashtra.
- Industry: Bank
- Market Capitalization: 2,29,60,189.36 lakhs
- Assets: 938,049 crores
- Axis Bank Branch are 4,528, ATM is12,044 and 5,433 cash recyclers.
3.Kotak Mahindra Bank
Kotak Mahindra Bank Limited is an Indian private sector bank. In 1996 Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Ltd., for financing Ford vehicles. KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.
Kotak Bank offers a wide range of financial services that encompass every sphere of life. From commercial banking to stock broking, mutual funds, life, and general insurance, and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector
For more information to know about Kotak Mahindra Bank
- Founded: 2003
- Headquarter: Mumbai, Maharashtra.
- Industry: Bank
- Market Capitalization: 3,86,39,197.00 lakhs
- Assets: 477,293 crores
- Return on Assets (%) 0.56
- Kotak Mahindra Bank Branch is 1,603, ATM is 2,573.
2.ICICI Bank
ICICI Bank Limited is an Indian multinational banking and financial services company. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and its group companies
To know more about ICICI Bank
- Founded: 1964
- Headquarter: Mumbai, Maharashtra.
- Industry: Bank
- Market Capitalization: 4,34,59,234.23 lakhs
- Assets: 1,007,068 crores
- Return on Assets (%) 1.70
- ICICI Bank Branch is 5,288, ATM is 15,158.
1.HDFC BANK
HDFC Bank Limited is an Indian banking and financial services company and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. HDFC Bank offers a diverse range of financial products and banking services to customers and a wide gamut of commercial and transactional banking services to businesses and organizations of all sizes.
For more information to known about Hdfc Bank
- Founded: 1994
- Headquarter: Mumbai, Maharashtra.
- Industry: Bank
- Market Capitalization:8,86,42,918.23 lakhs
- Assets: 1,007,068 crores
- Return on Assets (%) 0.55
- HDFC Bank Branch is 5,485, ATM is 14,533.
