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Top 10 Banks in India | Largest Banks in India by Market Capitalization 2021

In India there are many big bank both public and private sector, Here is a list of Top 10 Largest Banks in India by Market Capitalization in 2021.

Largest Banks in India 2021

Top 10 Largest Banks in India by Capitalization in 2021

Market cap. in INR (Rs.)

List of Top 10 Bank in India by Market Cap. in 2021 –

S. No.Bank NameMarket Cap. in INR (Cr. ₹)
1.HDFC Bank822,326 
2.ICICI Bank446,774
3.SBI383,312
4.Kotak Mahindra Bank351,061
5.Axis Bank230,152
6.Induslnd Bank80,045
7.Bandhan Bank51,853
8.PNB46,686
9.Bank of Baroda44,008
10.Yes Bank35,327
Highest Market Cap. Banks in India as on June 2021

1. HDFC Bank

HDFC Bank Ltd. a privately owned Indian bank and the largest bank in India by assets and by market cap. (822,326 cr.) in 2021. The bank is 25.7% owned by Housing Development Finance Corporation (Indian financial Services), founded in 1994 and its headquarter in Mumbai, Maharashtra, the bank has a network of 6000 branches across the country.

2. ICICI Bank

ICICI Bank Ltd. Indian private sector bank second-largest bank by market cap (446,774 cr.) in 2021. The bank has over 5000+ branches in India and existence in 17 countries, founded in January 1994 and is registered in Vadodara, Gujrat, and a corporate office in Bandra, Mumbai.

3. State Bank of India (SBI)

State Bank of India (SBI) Indian international, Public Sector Undertaking (PSU) bank, the largest bank in India with a market share of assets 23% and 3rd largest by market cap. (383,312 Cr.) in June 2021. Its earlier name was Imperial Bank of India (founded in 1921 by merging Bank of Bengal, Bombay, and Madras) and in 1995 it becomes State Bank of India. SBI headquarters in Mumbai, Maharashtra, the bank has over 24,000 branches in India and 191 offices in over 36 countries including Canada, Australia, UK, China, Bahrain, South Korea, and others.

4. Kotak Mahindra Bank

Kotak Mahindra Bank Ltd. a privately owned Indian bank 3rd largest private and 4th largest bank in India by market capitalization (351,061) in June 2021. Founded by Uday Kotak (Indian billionaire banker) in Feb 2003, headquarters in Mumbai, Maharashtra, with 1600 plus branches in India.

5. Axis Bank

Axis Bank Ltd. is an Indian private sector bank 5th largest bank in India by market cap. (230,152) in 2021. Axis founded in 1993 as UTI Bank registered in Ahmedabad and headquarters in Mumbai, Maharashtra, with a network of approx. 5000 branches within country and 9 international offices.

6. IndusInd Bank

Induslnd Bank Ltd. a privately owned Indian bank by Hinduja Group, one of India’s largest banks by market cap. of 80,045 Cr. in June 2021. Founded in April 1994 by S. P. Hinduja (Indian billionaire business magnate), headquarters in Pune, Maharashtra. The bank has a network of approx. 2000 branches in India.

7. Bandhan Bank

Bandhan Bank an Indian private bank founded in August 2015 headquarters in Kolkata, West Bengal, the bank has a network of 1000 branches and over 5000+ outlets, and more than 2.5 crore customers across the country. Bandhan bank is the 7th largest bank in India by market cap. of 51,853 Cr. in June 2021.

8. Punjab National Bank (PNB)

Punjab National Bank (PNB) is an Indian Public Sector Undertaking (PSU) bank, 85.59% owned by the Government of India, founded in April 1894, headquarters in New Delhi. PNB is one of the biggest banks in India and the 8th largest bank by market cap. of 46,686 Cr. as of June 2021. PNB serves over 18 crore customers with a network of 12,000+ branches within the country and other branches in countries like the UK, UAE, Hong Kong, Norway, Australia, and many others.

9. Bank of Baroda (BOB)

Bank of Baroda (BOB) is an Indian public sector undertaking bank, 63.97% owned by the Government of India, one of the oldest banks in India founded in July 1908, headquarters in Vadodara, Gujarat. BOB is the third-largest PSU and the 9th largest bank in India by market cap. of 44,008 Cr. in June 2021. BOB serves over 13 crore customers with a network of over 8,200+ branches within the country and 107 offices in 24 countries including the USA, UK, Singapore, Thailand, UAE, Malaysia, and others.

10. Yes Bank

Yes Bank Ltd. is an Indian private bank founded in 2004 by Rana Kapoor (an Indian former banker), headquartered in Mumbai, Maharashtra. Yes bank is 10th largest bank in India by market cap. 35,327 Cr. in June 2021, the bank has a network of 1000+ branches in India. In July 2020 State Bank of India (SBI) owned a 30% stake in the company.

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