• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

  • About Us
    • Privacy Policy
    • Disclaimer
    • Contact Us
  • News
    • Ibomma Movies
    • Movies4me
    • Jio Rockers Movies
    • Tamil Rockers Movies
  • Courses
    • Why is Grammar Important in English
    • English Writting Course
You are here: Home / Make Money / Top 10 Private Banks In India 2023 (Best Govt Banks)

Top 10 Private Banks In India 2023 (Best Govt Banks)

By Saravana on June 4, 2021 0

Want to know the top 10 Banks in India? The banking industry is the most important part of each country that handles finances including credit and debit. According to the Reserve Bank of India (RBI), banks are the central point or the institutional bodies that accept deposits and grant credits to the entities. Do you know how many best Government banks in India and private sector banks in India are playing a major of a country’s economic stature? RBI is the apex banking institution and it regulates the monetary policy of India. In this post, you’ll get to know what are the largest banks in India 2023 and its branches and list of merged banks in India.

Before get into more about the top 10 banks in India list, you must know what are the classification of banks in India. In general, the banks are classified into four major categories.

  • Commercial Banks
  • Small Finance Banks
  • Payments Banks
  • Co-operative Banks

India’s Banking and Financial Sector

According to the India Brand Equity Foundation (IBEF), the Indian banking system consists of

  • 12 Public Sector Banks
  • 22 Private Sector Banks
  • 46 Foreign Banks
  • 56 Regional Rural Banks
  • 1485 Urban Cooperative Banks
  • 96,000 Rural Cooperative banks
  • Total number of ATM’s in India is 209,282 (as of November 2020)
  • The Assets of public sector banks stood at Rs. 107.83 lakh crore (US$ 1.52 trillion) in FY20.

List of Best Banks in India

Which is Best Bank in India?

There are many factors playing in the banking sectors to know which are the best banks in India. The primary function or role of any bank is to get deposit and lend money to individuals and businesses who needs money. Across the world, the banks are considered to be a synonym of trust.

When people deposit the money in the bank, they will not worry about the safety of their money. They know that their money is safe in the bank as compared to anywhere in the world. The best of top banks in India help the people in putting their hard-earned money in the bank and it gives the interest of that amount. In general, people decide that which bank is the best in India is based on the interest they get from the banks.

Apart from the interests, banks provide many good services to its account holders like loans (house loan, car loan etc.), fixed deposit plans, credit and debit cards and more.

How Many Banks in India? (Top 10 Banks in India 2023)

Currently, 34 banks are functioning in India. 12 banks are public sector banks and 22 are private sector banks in India.

You’ll read more all about it with the complete list of banks in India in 2023.

Best Government Banks in India 2023 (Public Sector (PSU) Banks in India)

List of PSU Banks / Government Banks in India Branches Number of ATMs Headquarter
State Bank of India (SBI) 24000 58559 Mumbai
Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India) 11437 8985 New Delhi
Bank of Baroda (With Merger of Dena Bank & Vijaya Bank) 8581 10318 Vadodara
Canara Bank (With Merger of Syndicate Bank) 10391 12829 Bengaluru
Union Bank of India (With Merger of Andhra Bank and Corporation Bank) 9500 13300 Mumbai
Bank of India 5825 5000 Mumbai
Indian Bank (With Merger of Allahabad Bank) 6000+ 6104 Chennai
Central Bank of India 2876 4666 Mumbai
Indian Overseas Bank 2995 3400 Chennai
UCO Bank 2377 4000 Kolkata
Bank of Maharashtra 1860 1897 Pune
Punjab & Sindh Bank 1045 1554 New Delhi

Top 10 Private Banks in India (2023)

List of Private Banks Number of Branches Number of ATMs Headquarter
Axis Bank 4094 17315 Mumbai
Bandhan Bank 1000 485 Kolkata, West Bengal
Catholic Syrian Bank 426 290 Thrissur, Kerala
City Union Bank 600 1724 Thanjavur, Tamil Nadu
DCB Bank 323 4,99 Mumbai, Maharashtra
Dhanlaxmi Bank 269 3,46 Thrissur, Kerala
Federal Bank 1252 1598 Aluva, Kerala
HDFC Bank 4787 13514 Mumbai, Maharashtra
ICICI Bank 4882 15159 Mumbai, Maharashtra
IDBI Bank 1892 3693 Mumbai, Maharashtra
IDFC First Bank 301 216 Mumbai, Maharashtra
IndusInd Bank 1004 2662 Mumbai, Maharashtra
Jammu & Kashmir Bank 958 1322 Srinagar, Jammu and Kashmir
Karnataka Bank 835 1503 Mangaluru, Karnataka
Karur Vysya Bank 668 1641 Karur, Tamil Nadu
Kotak Mahindra Bank 1369 2429 Mumbai, Maharashtra
Lakshmi Vilas Bank 570 1045 Chennai, Tamil Nadu
Nainital Bank 135 – Nainital, Uttarakhand
RBL Bank 342 – Mumbai, Maharashtra
South Indian Bank 852 1393 Thrissur, Kerala
Tamilnadu Mercantile Bank Limited 509 1156 Thoothukudi, Tamil Nadu
Yes Bank 1050 1305 Mumbai, Maharashtra

Top 10 Nationalized Banks In India 2023

Here is the list of top 10 government banks in India.

State Bank of India (SBI)

Punjab National Bank

Union Bank of India

Canara Bank

Bank of Baroda

Bank of India

Central Bank of India

Indian Bank

Indian Overseas Bank

Bank of Maharashtra

Top 10 Private Banks in India 2023

We’ve listed below the list of best private banks India in 2023.

ICICI Bank

HDFC Bank

Axis Bank

IDBI Bank

Yes Bank

Kotak Mahindra Bank

IndusInd Bank

Federal Bank

IDFC First Bank

Jammu and Kashmir Bank

Nowadays, most of the banks provide customer support through WhatsApp. You can use WhatsApp Web to contact your bank through your desktop or laptop.

List of public-sector banks in India 2023

List of public-sector banks in India

Source: Wikipedia

List of private sector banks in India 2023

List of private sector banks in India

Source: Wikipedia

Final Thoughts on Best and Largest Banks in India

So, these are the list of best banks in India. However, choosing the best bank that’s right for you, along with ATM usage, your money habits, online banking and other banking needs, investment, low account balances, deposits, credit cards and more.

It’s very important to have a brick and mortar bank branch in your close proximity ( even if you do all your bank transactions online).

Tell me in the comment’s section, Which bank is best in India today?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

ysense




Affiliate Disclosure

Some of the links in this blog are affiliate links. We’ll earn a small commission if you click the link and do a sale. But there is no additional cost to you for any purchase.

Copyright © 2023 · MoneyTells