Top 10 Banks in India 2017 – List of Best Private/Govt Sector Banks

Top 10 Banks in India

Banks are an important part of everyone’s life and in India banking sector serves as the backbone of any economy. There are many Banks in India, both private and public sector banks. Here we have come up with the Top 10 Banks in India 2017.

This will tell you what quality of services these banks offered to their customers. There are about 27 nationalized banks, 19 private sector banks, 32 foreign banks and various co-operative banks, regional rural banks operating in India.

Also RBI is continuously trying to restructure the Indian banking sector that will improve financial conditions of the country. Banks are safest place to keep your money and also you get interest on it.

So to know the list of Best Private/Govt. Sector Banks in India according to market capitalization read this article.

Top 10 Banks in India

#1. State Bank of India

SBI is India’s largest public Bank with its various offices in around 36 countries. In February 2016 State Bank of India has become the top merchant acquiring bank in the country.

It is one the best Banks in India.

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#2. HDFC Bank

HDFC is the second largest private bank as measured by assets and is giving its services across 996 cities.

In order to facilitate NRI banking, the bank also has overseas branches in Bahrain, Hong Kong, Abu Dhabi, Kenya and Dubai. HDFC Bank is at the top in the list of best private sector banks.

#3. ICICI Bank

ICICI Bnak stands for Industrial Credit and Investment Corporation Bank of India, founded in the year 1994 with its headquartered situated in Mumbai, Maharashtra, India.

ICICI Bank is 3rd biggest bank of India in terms of market capitalization and 2nd biggest bank in terms of assets in India.

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#4. Axis Bank

Axis Bank takes its place at the fourth position among Indian banks founded in 1994 as UTI Bank and is spread across the nation. Also Axis Bank has its international offices at Hong Kong, Singapore, Colombo, Dubai, Abu Dhabi, and Shanghai.

They give best services to their customers and that is why it is one of the top 10 banks in India. Various services are provided like NRI Services, Investment banking and treasury operations and corporate banking.

#5. Punjab National Bank

PNB is the second largest public sector bank founded in 1894. Punjab National Bank has a strong network of about over 630 branches in 375 cities.

From which its banking subsidiary is in UK as well as in Hong Kong, Kowloon, Dubai and Kabul.

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#6. Kotak Mahindra Bank

Kotak Mahindra Bank is another private sector bank started in the year 1985. This is India’s one of the best private banks in India with its headquarter in Mumbai, Maharashtra. This is the first Kotak Mahindra Finance Ltd. that converted into bank.

This bank provides various facilities to its customers such are Business banking solutions, Loans, Investment services, Deposit accounts, and many more.

#7. Canara Bank

Canara Bank is another bank in the list of top 10 best private banks. This bank was nationalized by the government in 1906 and is one of the leading banks in India.

It has also got ISO certificate for “Total Branch Banking” for its Bengaluru branch office.

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#8. Bank of Baroda

Bank of Baroda is an Indian banking and financial services company with its headquarter in Vadodara. It has a market capitalization of about INR 38601.08 crores.

The bank is estimated to have over 5193 branches and 38,737 employees and is giving its services in around 25 countries. Also NRI service is provided with rural and agricultural finance.

#9. Central Bank of India

This bank is one of the largest commercial bank of the country. At present the bank has 4741 branches, 5000 ATM’s and 4 extension counters across 27 Indian states and three Union Territories.

The main business of this bank is Deposits, lending and making investments along with other general services provided by banks.

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#10. Bank of India

Bank of India is last bank name in the list of top 10 banks of India. It was establishes in 1906 and its headquarters is in Mumbai.

The bank has its offices in around 18 countries and international branches in London, Tokyo, New York, Paris, Hong Kong, Singapore, etc.

Banking sector is the most important part of any economy. So to tell you about the Top 10 Banks in India 2017 that is best among all other banks are given to you above. Go through this article and get to know more about your bank.

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