Top 10 Private Banks in India According to Market Cap

The Banking sector is one of heavily competitively industry in India. The top players of Indian market industry hold major market share. Private Banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Bank become household name in India.

Before 2010, People like to use Government Banks for security. But Now they trust Private sector Bank’s also. The private sector bank’s create wealth for their investor also. That’s why private Banks of India are investor’s favorite. Private Banks play an important role in economic transactions in India.

Indian People prefer private banks because of service and online technology. In this article, we published Top 10 private banks list in India according to their market cap. Also, the largest private bank in India is HDFC Bank in terms of net sales. Ranking of Top Private Banks given below.

Top 10 Private Banks In India

There can be debate for their customer ratings because it will not represent the true picture. The sales data of Top 10 Private Banks in India will also reflect their ranking. The Top 10 Private Banks in India are listed below,

  1. HDFC Bank
  2. Kotak Mahindra
  3. ICICI Bank
  4. Axis Bank
  5. IndusInd Bank
  6. Bandhan Bank
  7. IDFC First Bank
  8. Yes Bank
  9. Federal Bank
  10. RBL Bank
Top 10 Private Banks In India

Top 10 Private Banks In India

Note that, The ranking is based on Market capitalization. The ranking can be different if profit is considered here.

01. HDFC Bank

HDFC bank is largest private bank in India. HDFC Bank is part of HDFC group. The Full Form Of HDFC Bank is Housing Development Finance Corporation Bank. It is Number 1 Bank in India as per market capitalization. The Bank clocks the highest revenue among other private players. HDFC bank is largest Private bank in India.

top private banks in india

HDFC  Bank

HDFC bank also has the highest profitable bank in India. HDFC bank is considered as largest bank even after considering market valuation. Also it has highest assets in banking industry. The official website of Bank is hdfcbank.com

HDFC bank provide secured and unsecured loans, Forex services, Credit card facilities also HDFC Bank offer most premium banking in India.

HDFC Net Banking Guide: Click here

02. ICICI Bank

ICICI Bank is second largest private bank in India. (3 December 2021) Industrial Credit and Investment Corporation of India is known as ICICI Bank. It is one of the most trustworthy and popular banks in the market presently. Since it is an Indian financial service and multinational banking company, it offers services offerings are loans, deposits, privilege banking, insurance policies, credit cards, and other services.

ICICI Bank

ICICI Bank

The ICICI Bank’s headquarter situated in Mumbai. The Banking application of ICICI Bank is one of the Best application among private Banks. The Bank offer personal and corporate Banking to it’s customer.

ICICI Bank Net Banking: Click here

03. Kotak Mahindra Bank

The Kotak Mahindra Bank is third largest private Bank as per market capitalization. (3 December 2021). The Bank was founded in 2003. The Bank’s headquarter is situated in Mumbai. The Bank offer retail banking, investment Banking products to it’s customer.

kotak mahindra bank

kotak mahindra bank

Kotak Life insurance, Kotak mutual funds, kotak securities are subsidiary of Kotak Mahindra Bank. The official website of bank is kotak.com. The 811 Bank account is one of the popular product of Kotak Mahindra Bank.

04. AXIS Bank

AXIS Bank is India’s fourth-largest bank according to market cap. (3 Dec 2021) It was established in 1993 as UTI Bank. It was renamed to Axis Bank in 2007. Axis bank’s headquarter is situated in Mumbai. The Axis Bank has most provided funds to SME in India.

The subsidiary of Axis Bank are Axis Asset Management Company Ltd., Axis Mutual Fund Trustee Ltd., Axis Capital Ltd., Axis Finance Ltd., Axis Securities Ltd. The Banking provide retail and corporate banking to the customer.

05. IndusInd Bank

IndusInd Bank Limited is an Indian new generation bank in Pune. IndusInd bank was established in 1994. The bank offers commercial, transactional and electronic banking products and services. It is part of Hinduja Group. As on 31 December 2018, IndusInd Bank has 1,558 branches, and 2453 ATM In India.

The Bank is 5th largest private Bank in India by market cap. (3 Dec 2021). The Bank offer Credit cards, Consumer banking, Corporate banking, Finance and Insurance, Mortgage loans, Private banking, Wealth management, Investment banking to the customer.

06. IDBI Bank

The Industrial Development Bank of India  was founded in 1964. Earlier it was government owned Bank but the later classified as Private Bank. The Government of India hold majority stake in IDBI Bank.

The IDBI Bank provide Investment banking, Commercial banking, Retail banking, asset Management, Pensions, Mortgages facilities to the customer.

07. Bandhan Bank

Bandhan Bank was founded to provide micro finance to the customer. The Bandhan Bank got banking license from Reserve Bank of India in 2015. The parent organization of Bandhan Bank is Bandhan Financial Holdings Limited. The Bank continuously worked for women empowerment.

The Bank provide Banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds to it’s customer. The Bank enjoy majority share in microfinance lending market.

08. AU SMall Finance Bank

The AU Small finance bank is one of leading small finance bank in India. The Bank work as scheduled commercial bank. The Bank’s headquarter situated in Jaipur, Rajasthan. The Bank is active in Vehicle financing activities. The Bank serve banking facilities to the low and middle income people.

09. Yes Bank

Yes Bank is one of controversial Bank in India. Its founder Rana Kapoor was in jail for Frauds. In its starting year it was most promising bank in India. It grew many times during small period of time. It was founded by Rana Kapoor and Ashok Kapur in 2004.

The Yes Bank was on verge of collapse. But the timely intervention from Reserve Bank of India saved YES Bank from collapsing.

10. IDFC First Bank

IDFC First Bank is an Indian banking company. It’s headquarters in Mumbai. The bank started operations on 1 October 2015. IDFC received a universal banking license from the Reserve Bank of India in July 2015.

After List of Top 10 private banks in India, we will give below list of other private banks,

  • Bandhan Bank Ltd.
  • CSB Bank Limited
  • City Union Bank Ltd.
  • DCB Bank Ltd.
  • Dhanlaxmi Bank Ltd.
  • Karnataka Bank Ltd.
  • Karur Vysya Bank Ltd.
  • Lakshmi Vilas Bank Ltd.
  • Nainital bank Ltd.
  • RBL Bank Ltd.
  • South Indian Bank Ltd.
  • Tamilnad Mercantile Bank Ltd.
  • IDBI Bank Limited

This was the list of top private banks in India.

Top 10 Private Banks in India by Revenue

The list for top 10 private banks in India by revenue is different from above list. The list of Top 10 Private Banks in India by Revenue shown below,

  1. HDFC Bank
  2. ICICI Bank
  3. Axis Bank
  4. IndusInd Bank
  5. Kotak Mahindra
  6. Yes Bank
  7. IDBI Bank
  8. IDFC First Bank
  9. Federal Bank
  10. Bandhan Bank

Conclusion

The Private banks of India are backbone of our Indian Economy. The Private Bank’s serve best class of service to it’s customer. The Top 10 Private Banks in India shared by us for the educational purpose. The Market value of firm changes everyday. While the revenue data published by Bank’s financial results every 3 moths. So the list of Top 10 Private Banks in India changes frequently.

The information was updated on 04-12-2021.