Top 10 banks in India 2025

The Indian Bank sector plays a vital role in the country's financial system, contributing to credit growth and financing business ventures. It is booming and diverse significant growth. As of 2024, these leading banks in India, continue to strengthen their contribution to the country's economy.

Best Bank in India 2025

Here we will highlight and discuss the top 10 banks in India based on their market capitalization and services. 

HDFC Bank

HDFC Bank is recognized as the largest bank in India, It was established in 1994, and it has grown to become a strong influence in the Indian banking sector. With over 5,400 branches across 2,800 cities and towns, it is the largest private bank in the country, it has been gaining as a Domestic Systemically Important Bank by the RBI, and it is one of the premier banks in the credit sector.

With more than 56 million customers, HDFC Bank is one of the most popular choices among Indian customers. It is known for its high-quality services in retail banking and has a strong history of very good performance. As per the latest data, its market capitalization stands at 1,329,451.19 Crore INR.

• Revenue – 72.77KCr    
• Net Income – 17.83KCr  
• NIM – 3.65%
• CASA – 38.18%
• Gross NPA – 1.24%

ICICI Bank

ICICI Bank is widely recognized as one of the top banks in India, Headquartered in Mumbai, Maharashtra, it operates over 6000 branches along with around 17 thousand ATMs across the country. Additionally, the bank works in 17 other countries worldwide. It provides a range of financial services, including retail banking for individuals and corporate banking for businesses. Additionally, it engaged in investment banking, insurance products, venture capital funding, and asset management services. As one of the top 10 banks in India, its current market capitalization stands at 895,164.99 Crore.

• Revenue – 44.83KCr    
• Net income – 11.7KCr  
• NIM – 4.36%
• CASA – 2.17%
• Gross NPA – 2.15%

State Bank of India (SBI)

State Bank of India (SBI) is one of the popular and biggest banks in the public sector. It Holds a 23% share of the total assets held by Indian banks. Its Headquartered is situated in Mumbai. SBI is widely recognized for its retail banking services in rural and urban populations. Additionally, it also provides treasury services.

SBI is the largest bank in India and the tenth-largest employer in the country. It was listed in the Fortune Global 500 list of the world’s biggest corporations of 2020, making it the only Indian bank on the list. Additionally, In 2023, SBI Bank secured the 77th rank in the Forbes Global 2000 rankings.

• Revenue – 76.02KCr
• Net Income – 19.32KCr
• NIM – 3.47%
• CASA – 39.89%
• Gross NPA – 2.24%

Kotak Mahindra Bank

Kotak Mahindra Bank is a leading private sector bank in India, it is known for its creative financial solution and customer-centric approach. It is one of the largest private banks by market size, offering a wide range of banking and finance services to people and companies. Headquarters in Mumbai, the bank operates a vast network of more than 1,600 branches and 2,500 ATMs across the nation. The current market capitalization stands at 380,092.25 Crore INR.

• Revenue – 18.85KCr    
• Net Income – 5.04KCr
• NIM – 4.9%%
• CASA – 0.00%   
• Gross NPA – 1.39%

Axis Bank

Established in 1993, Axis Bank is one the best bank in India, it is known for its customer-centric attitude and innovative solutions. With a network of 4,000 branches and 12,000 ATMs across the country, the bank offers a wide range of banking service options for the population nationwide.

The bank provides a diverse range of products and services, providing financial solutions for individuals with different financial needs and preferences.

• Revenue – 19.31KCr    
• Net Income – 7.4KCr   
• NIM – 3.99%
• CASA – 42.98%  
• Gross NPA – 1.43%

Bank of Baroda (BOB)

Bank of Baroda (BOB) is one of the largest public sector banks in India, it is situated in Vadodara, Gujarat. Founded in 1908 by Sayajirao Gaekwad III, Maharaja of Baroda, it is currently the second-largest public bank in the country.

It has a vast network consisting of more than 9,600 branches and 10,000 ATMs, not only in India but also in more than 25 countries worldwide, making its place among the top 10 banks in India. The bank offers a comprehensive range of banking products and financial services, to the needs of both corporate customers but also retail customers. Currently, the Bank of Baroda's market capitalization is 1.06 trillion INR.

• Revenue – 14.78KCr    
• Net income – 4.73KCr  
• NIM – 3.14%
• CASA – 38.76%
• Gross NPA – 2.92%

Punjab National Bank (PNB)

Punjab National Bank (PNB) is a public-sector bank in India, founded on 12th May 1894. This makes PNB not only one of the oldest banks in the country but also a market leader, with its long record of success. With a customer base of nearly 18 crores of customer base, 12248 banking channels, and around 13500 ATMs.

It is not just a local bank, but it also evolved into a transnational banking organization with branches in cities such as Hong Kong, Dubai, and Kabul. Its main offices are located in Almaty, Dubai, Shanghai, Oslo and Sydney. Additionally, PNB holds ownership stakes in the banks of Nepal, Bhutan, and Kazakhstan banks. Emfinbi's mission is to promote global financial inclusion, a goal reflected in its operations. SBI ranks just outside the top five banks, holding a market capitalization of 115,228.25 Crore.

• Revenue – 13.32KCr    
• Net Income – 3.98KCr
• NIM – 3.11%
• CASA – 40.33%
• Gross NPA – 5.73

Canara Bank

Canara Bank is a public sector bank that began its operations in 1906 and is a reliable choice for people who need financial services like personal banking, savings accounts, debit and credit cards, FDs, and many more. The bank is dedicated to adopting new technology and has received several awards in the same area.

• Revenue – 15.15KCr    
• Net Income – 4.07KCr  
• NIM – 3.05%
• CASA – 35.00%
• Gross NPA – 4.23%

IndusInd Bank

IndusInd Bank provides a range of specialized savings accounts such as the Indus Delite Savings Account and the Indus Exclusive Savings Account. Both accounts come with exciting discounts and offers. It is a dedicated relationship manager, providing personal services to its customers.

It has over 38 million customers, almost 2, 728 branches, and 2,939 ATMs all over the nation. In April 2024, IndusInd Bank partnered with Circularity Innovation Hub India Private Limited (CIH) to test a project using the Reserve Bank of India’s (RBI) central bank Digital Currency (CBDC). According to the latest stock exchange data, its current market capitalization stands at 82,672.96 Crore.

• Revenue – 6.8KCr  
• Net Income – 2.17KCr  
• NIM – 4.25%
• CASA –  37.91%
• Gross NPA – 1.92  

Indian Overseas Bank

Indian Overseas Bank is well-known for its focus on rural banking and government schemes, offering services that cater to smaller communities and businesses. While the bank is working on digital services to attract urban customers, making it a good option for basic banking needs.

Revenue – 3.03KCr

Net income – 779.62Cr

NIM – 3.28%

CASA – 43.90%

Gross NPA – 2.72%

Conclusion - Indian Banks

These are some of the best top banks In India. There are lots of nationalized, private sector, and foreign banks operating in India, They offer a wide range of banking services to customers, clients, CEOs, company owners, and business organizations. All these banks perform very well and offer a range of services, it is known for its ATM coverage, banking hours, Internet banking services phone banking, and overall customer satisfaction.