Top 10 Banks in India in 2022 – Government Banks/ Public Sector Banks
The banking system in India has been changed. The Indian banking system is one of the most regulated sectors in the Indian economy. The government allowed private banks to operate your money that came into existence, so it was a tough competition to various Nationalized Banks.
Private banks are considered over the nationalized banks because of the quality services they offer to their customers.
Private banks prioritize their customers as compared to others.
Banks are also adding services to their customers and making it super easy for them.
The Indian banking system is considered to be the world’s best banking system but we can’t point out any single bank which provides the best banking among all.
As compared to the other services offered a real banking system is now totally changed and they are delivering the best they should. Their services have now become centralized.
The retail loan factory concept has been introduced by the bank which will help you improve the quality of services. It also reduces the delivery time and makes it more customer-friendly and digital.
For developing nations like India, the banking sector plays a major role in helping the economy to move ahead. Do you know the top 10 banks in India or top banks in India as per RBI? So, today we are here to discuss the top 10 banks in India that are highly appreciated
TOP 10 BANKS IN INDIA IN 2022
Below is the list of the top 10 Banks in India in 2022, you can have a look for the best customer services. You can find the list here.
HDFC BANK
Housing Development Finance Corporation Limited is related to the Indian housing sector for the past 3-4 decades. It is one of the best banks in India and has the potential to keep the customers’ trust.
The bank was incorporated in the year 1977, HDFC has set high standards in regulating the banking system.
| Type | Private |
| Industry | Banking and Financial Services |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1994 |
| Key Person | Aditya Puri |
| Area Served | India |
| Number of Branches | 6000+ |
| Number of ATMs | 14000+ |
| Official Website | www.hdfcbank.com |
State Bank of India
State Bank of India or SBI is the 43rd largest bank in the world, it has its headquarter in Mumbai, Maharashtra. SBI is considered to be the Indian Multinational, public sector bank, and financial statutory body. It is one of the best leading banks in India and will continue to be.
It is the public sector bank and largest bank in India with around 23% of market share contributing from the assets, whereas, 25% share of total loan and deposits market.
SBI is one of the best banks in India, holding the customers’ trust for years.
| Type | Public Company |
| Industry | Financial and Banking Services |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1956 |
| Key Person | Rajnish Kumar |
| Area Served | WorldWide |
| Number of Branches | 24000+ (India) 35 (across the world) |
ICICI Bank Ltd
The other name of the most reliable and leading banks in India. ICICI is amongst the top 10 banks in India. The bank offers a wider range of financial services and banking products to its customers.
The bank has a major network of 5275 branches and 15589 ATMs across India. ICICI has its presence in 17 other countries.
| Type | Private |
| Industry | Financial and Banking Services |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1994 |
| Key Person | Sandeep Bakshi |
| Area Served | Worldwide |
| Number of Branches | 5500 |
| Number of ATMs | 16000 |
| Official Website | www.icicibank.com |
See Also : Best Online Digital Banks in India – [Comparison]
Axis Bank
Axis Bank is amongst the top 10 banks in India and holds the position at third place. The banks offer a higher spectrum covering different sectors and spectrum.
The bank operates four different segments. The bank had a network of 4800+ branches across the country.
| Type | Private Sector |
| Industry | Financial and Banking Sector |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1993 |
| Key Person | Amitabh Chaudhary |
| Area Served | Worldwide |
| Number of Branches | 4500 |
Kotak Mahindra Bank
Kotak Mahindra Bank is a private sector bank. The bank has its headquarter in Mumbai. It offers financial services for corporate and retail customers.
Kotak Mahindra Bank is one of the leading banks and has made many changes in its banking system to meet the customer’s requirements and make it easy for them.
| Type | Private Sector |
| Industry | Financial and Banking |
| Headquarter | Mumbai, Maharashtra |
| Founded | 2003 |
| Key Person | Uday Kotak |
| Area Served | India |
| Number of Branches | 1500+ |
Indusland Bank
Indusland Bank is amongst the top 10 banks in India and is considered to be the new generation bank in India. The headquarter of this Bank is in Pune.
The banks offer their customer transactional and electronic banking products. The bank specializes in retail banking systems. The name of the bank is derived from the Indus Valley Civilization
| Type | Private |
| Industry | Banking and Financial Sector |
| Headquarter | Pune, Maharashtra |
| Founded | 1994 |
| Key Person | Romesh Sobti |
| Area Served | India |
| Number of Branches | 1700+ |
Punjab National Bank
Punjab National Bank was founded in 1894 and is the second-largest government-owned bank. The ownership is in the hands of the Ministry of Finance and the Government of India.
The bank has millions of customers on our list and it is in 7th place. It is one of the finest banks in the top 10 banks in India.
| Type | Public Sector |
| Industry | Financial and Banking Sector |
| Headquarter | New Delhi |
| Founded | 1895 |
| Key Person | S.S.Mallikarjuna Rao |
| Area Served | India |
| Number of Branches | 8500 |
Bank of Baroda
Bank of Baroda (BOB) is an Indian government-owned banking and financial services company. It is amongst the top finest banks in India.
The bank is currently leading with 142+ million customers with a global presence as well.
| Type | Public Sector |
| Industry | Financial and Banking Sector |
| Headquarter | Vadodara |
| Founded | 1908 |
| Key Person | Hasmukh Adhia |
| Area Served | India |
| Number of Branches | 1000+ |
Yes Bank Ltd
Yes, Bank Limited is the India Private Sector Bank, it has its headquarter in Mumbai. It offers a wider range of banking and financial services for retail as well as corporate customers.
On March 5, 2020, the bank was likely to collapse but the RBI took control over it. SBI has 30% of the stake in the company.
| Type | Private Sector |
| Industry | Banking and Financial Sector |
| Headquarter | Mumbai, Maharashtra |
| Founded | 2004 |
| Key Person | Ravneet Gill |
| Area Served | India |
| Number of Branches | 2000+ |
Bank of India
Bank of India is also owned by the Indian Government, the bank was founded in 1906. BOI has been government-owned since 1969.
It holds its position in the top 10 banks in India. Bank has almost 5500+ branches, including 56+ offices and one joint venture.
| Type | Public Sector |
| Industry | Financial Services |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1906 |
| Key Person | Atanu Kumar Das |
| Area Served | India |
| Number of Branches | 5500 |
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Final Verdict
Now you know which are the top 10 banks in India. These are some of the leading banks in India. This list will help you to get you about the top 10 banks in India from the inside out. So, make sure to go through it thoroughly.
