Top banks in India

At present, there are 96 scheduled commercial banks (SCBs) in India.

Out of these 96 banks, 27 are public sector banks (where the Indian Government has a stake), 31 are private sector banks (without any stake by the Indian government, these banks are listed and traded on stock exchanges) and 38 are international banks. All these banks have a consolidated network of more than 49,000 ATMs and 53,000 branches in the country. Top banks in India make a significant contribution

towards the growth of the country. The top four banks in India are State Bank of India, ICICI Bank, HDFC Bank and Axis Bank.

About top banks in India

Listed below are the names of the top banks in India:

1. State Bank of India (SBI)
2. HDFC Bank
3. ICICI Bank
4. Punjab National Bank (PNB)
5. Canara Bank
6. Axis Bank (earlier UTI Bank)
7. Hong Kong & Shanghai Banking Corp (HSBC)
8. Kotak Mahindra Bank
9. Sundaram Bank
10. Oriental Bank of Commerce

State Bank of India (SBI)

Headquartered in Mumbai, State Bank of India (SBI) is the largest financial and banking services provider in India. It was founded in 1806. The bank offers a range of Personal Banking, NRI Services, International Banking, Agriculture/Rural Banking, Corporate Banking and SME Banking services.

HDFC Bank

HDFC Bank was founded in 1994. It is one of the biggest banks in India. Based in Mumbai, the bank offers a suite of services including accounts and deposits, private banking, credit cards, payment services and forex services.

ICICI Bank

ICICI Bank is the second biggest bank in India. The bank has 2014 branches and 5,219 ATMs throughout India. ICICI Bank offers a host of services including personal banking, NRI banking, corporate banking, business banking and agricultural and rural banking.

Punjab National Bank (PNB)

Punjab National Bank (PNB) is the 2nd largest public sector bank in India. It was founded in 1894. Products and services of the bank include personal banking, social banking, corporate banking and business financing.

Canara Bank

Headquartered in Bangalore, Canara Bank ranks as the 5th biggest bank in India. It was founded in 1906. It is one of the oldest banks in India. Canara Bank offers products and services like corporate banking, personal banking, NRI banking and priority and SME credit.

Axis Bank

Axis Bank (erstwhile UTI Bank) was founded in 1994. It is one of the “big four” banks in India. The products and services include personal, corporate, NRI and priority banking. It is headquartered in Mumbai.

Hong Kong & Shanghai Banking Corp (HSBC)

Hong Kong & Shanghai Banking Corporation (HSBC) is a major overseas bank in India. It is headquartered in Mumbai and offers products and services like personal banking, NRI services, forex services, corporate banking and institutional banking.

Kotak Mahindra Bank

Founded in 1985, Kotak Mahindra Bank is one of the best commercial banks in India. It is a part of the reputed Kotak Mahindra Group. Products and services comprise personal banking, corporate banking, business banking and NRI banking. Kotak Mahindra Bank is based in Mumbai, Maharashtra.

Sundaram Bank

Sundaram Bank or Sundaram Finance Group is based in Chennai, Tamil Nadu. It was founded in 1954. The bank has a pan India presence with more than 400 branches and offers the following products and services:

1. Car Finance
2. Deposits
3. Equipment Finance
4. Commercial Vehicle Finance
5. Tyre Finance
6. Fleet Card

Oriental Bank of Commerce

Oriental Bank of Commerce was founded in 1943 and it is one of the favorite government banks in India. Products and services include deposit schemes, loans, NRI services and Internet banking. The bank is headquartered in New Delhi.