Top 20 Banking companies in 2023
The banking industry is crucial to the advancement of the economy in a developing country like India. Banks provide loans to commercial and agricultural users alike.
Here is a list of the top 20 banking companies as of 2023:
State Bank of India (SBI)-
State Bank of India (SBI) is the largest and one of the oldest banks in India. Established in 1806, SBI is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
Personal banking, corporate banking, investment banking, wealth management, and insurance services are just a few of the many banking and financial services that SBI provides.
The bank is known for its large customer base, extensive reach, and innovative technology, such as its internet banking and mobile banking services.
SBI is a market leader in various segments, such as home loans, personal loans, and credit cards. The bank is also actively involved in corporate social responsibility initiatives, including education, health, and environmental conservation programs.
SBI is a government-owned bank and is one of the largest employers in India, with over 250,000 employees. The bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
HDFC Bank-
HDFC Bank is one of India’s leading private sector banks and one of the largest banks in the country in terms of assets. Established in 1994, HDFC Bank is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including wealth management, insurance, corporate and investment banking, as well as personal and business banking.
HDFC Bank is known for its innovative technology, such as its internet banking and mobile banking services, and its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
HDFC Bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India and is a part of the HDFC Group, one of India’s leading financial services conglomerates.
ICICI Bank-
ICICI Bank is one of India’s leading private sector banks and a major player in the Indian banking and financial services industry. Established in 1994, ICICI Bank is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including wealth management, insurance, corporate and investment banking, as well as personal and business banking.
ICICI Bank is known for its innovative technology, such as its internet banking and mobile banking services, and its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base. ICICI Bank is listed on the Bombay Stock Exchange and the National Stock Exchange .
The bank is also a part of the ICICI Group, one of India’s leading financial services conglomerates.
Axis Bank-
Axis Bank is one of India’s leading private sector banks and a major player in the banking and financial services industry. Established in 1993, Axis Bank is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
Personal banking, business banking, investment banking, wealth management, and insurance services are just a few of the numerous banking and financial services provided by the bank.
Axis Bank is known for its innovative technology, such as its internet banking and mobile banking services, and its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base. Axis Bank is listed on the Bombay Stock Exchange and the National Stock Exchange .
The bank is also actively involved in corporate social responsibility initiatives, including education, health, and environmental conservation programs.
Kotak Mahindra Bank-
Kotak Mahindra Bank is one of India’s leading private sector banks and a major player in the Indian banking and financial services industry. Established in 1985, Kotak Mahindra Bank is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
The bank provides a wide range of banking and financial services, including personal, business, investment, wealth, and insurance services.
Kotak Mahindra Bank is known for its innovative technology, such as its internet banking and mobile banking services, and its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
Kotak Mahindra Bank is listed on the Bombay Stock Exchange and the National Stock Exchange . The bank is also actively involved in corporate social responsibility initiatives, including education, health, and environmental conservation programs.
Bank of Baroda-
Bank of Baroda is one of India’s leading public sector banks and one of the largest banks in the country in terms of assets. Established in 1908, Bank of Baroda is headquartered in Vadodara and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
Bank of Baroda is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is also actively involved in corporate social responsibility initiatives, including education, health, and environmental conservation programs.
Bank of Baroda is listed on the Bombay Stock Exchange and the National Stock Exchange . With its large network of branches and ATMs, the bank has a significant presence and serves millions of customers across the country.
Bank of India-
Bank of India is one of India’s leading public sector banks and a major player in the Indian banking and financial services industry.
Established in 1906, Bank of India is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including wealth management, insurance, corporate and investment banking, as well as personal and business banking.
Bank of India is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
Canara Bank-
Canara Bank is one of India’s leading public sector banks and a major player in the Indian banking and financial services industry. Established in 1906, Canara Bank is headquartered in Bengaluru and has a vast network of branches and ATMs across the country.
Personal banking, business banking, investment banking, wealth management, and insurance services are just a few of the numerous banking and financial services provided by the bank.
Canara Bank is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base. Canara Bank is listed on the Bombay Stock Exchange and the National Stock Exchange .
Punjab National Bank (PNB)-
Punjab National Bank (PNB) is one of India’s leading public sector banks and a major player in the banking and financial services industry. Established in 1895, PNB is headquartered in New Delhi and has a vast network of branches and ATMs across the country.
The bank provides a wide range of banking and financial services, including personal, business, investment, wealth, and insurance services.
PNB is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
PNB is listed on the Bombay Stock Exchange and the National Stock Exchange of India. With its large network of branches and ATMs, the bank has a significant presence across India and serves millions of customers across the country.
Union Bank of India-
Union Bank of India is one of India’s leading public sector banks and a major player in the Indian banking and financial services industry.
Established in 1919, Union Bank of India is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
Union Bank of India is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
Union Bank of India is listed on the Bombay Stock Exchange and the National Stock Exchange . With its large network of branches and ATMs, the bank has a significant presence across and serves millions of customers across the country.
Indian Bank-
Indian Bank is one of India’s leading public sector banks and a major player in the Indian banking and financial services industry. Established in 1907, Indian Bank is headquartered in Chennai and has a vast network of branches and ATMs across the country.
The bank provides a broad range of banking and financial services, including wealth management, insurance, corporate and investment banking, as well as personal and business banking.
Bank is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base. Indian Bank is listed on the Bombay Stock Exchange and the National Stock Exchange .
With its large network of branches and ATMs, the bank has a significant presence across India and serves millions of customers across the country.
Central Bank –
Central Bank of India is one of India’s leading public sector banks and a major player in the banking and financial services industry.
Established in 1911, Central Bank of India is headquartered in Mumbai and has a vast network of branches and ATMs across the country.
Personal banking, business banking, investment banking, wealth management, and insurance services are just a few of the numerous banking and financial services provided by the bank.
Central Bank is known for its strong customer focus, offering customized and convenient banking solutions to its customers.
The bank is a market leader in various segments, such as home loans, personal loans, and credit cards, and has a large and growing customer base.
Central Bank of India is listed on the Bombay Stock Exchange and the National Stock Exchange . With its large network of branches and ATMs, the bank has a significant presence across and serves millions of customers across the country.
Vijaya Bank-
Vijaya Bank was a public sector bank based in Bengaluru, India, until it merged with Bank of Baroda in 2019. Established in 1931, Vijaya Bank was known for its customer-centric approach and a wide range of banking and financial services.
The bank had a large network of branches and ATMs across the country, offering services such as personal banking, corporate banking, investment banking, wealth management, and insurance services.
Vijaya Bank was a pioneer in the use of technology in banking and was one of the first banks in India to introduce internet banking services.
With a strong focus on customer service and a reputation for offering innovative and convenient banking solutions, Vijaya Bank was a well-respected and trusted institution .
The merger with Bank of Baroda was aimed at creating a larger and stronger banking entity, with a wider network of branches and a more comprehensive range of products and services.
Bank of Maharashtra-
Bank of Maharashtra is a public sector bank based in Pune, India. Established in 1935, Bank of Maharashtra is one of the oldest and largest public sector banks in India and has a vast network of branches and ATMs across the country.
The bank offers a wide range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
Bank of Maharashtra is known for its strong customer focus and is committed to providing customized and convenient banking solutions to its customers.
The bank has a strong presence in rural and semi-urban areas and is a leading player in the agricultural and small and medium enterprise (SME) segments. Bank of Maharashtra is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
With its large network of branches and ATMs, the bank has a significant presence across India and serves millions of customers across the country.
Andhra Bank-
Andhra Bank was a public sector bank based in Hyderabad, India, until it merged with Corporation Bank and Union Bank in 2020. Established in 1923, Andhra Bank had a long and proud history of serving the banking needs of customers across India.
The bank offered a wide range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
Andhra Bank had a large network of branches and ATMs across the country, and was known for its strong customer focus and commitment to providing customized and convenient banking solutions.
With a focus on serving the needs of rural and semi-urban areas, Andhra Bank was a leading player in the agricultural and small and medium enterprise (SME) segments.
The merger with Corporation Bank and Union Bank was aimed at creating a larger and stronger banking entity, with a wider network of branches and a more comprehensive range of products and services.
UCO Bank-
UCO Bank is a public sector bank based in Kolkata, India. Established in 1943, UCO Bank has a long history of serving the banking needs of customers across India.
The bank offers a wide range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
UCO Bank has a large network of branches and ATMs across the country and is known for its strong customer focus and commitment to providing customized and convenient banking solutions.
The bank has a strong presence in rural and semi-urban areas and is a leading player in the agricultural and small and medium enterprise (SME) segments. UCO Bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
With its large network of branches and ATMs, the bank has a significant presence across India and serves millions of customers across the country.
Corporation Bank-
Corporation Bank was a public sector bank based in Mangalore, India, until it merged with Andhra Bank and Union Bank of India in 2020. Established in 1906, Corporation Bank had a long and proud history of serving the banking needs of customers across .
The bank offered a wide range of banking and financial services, including personal banking, corporate banking, investment banking, wealth management, and insurance services.
Corporation Bank had a large network of branches and ATMs across the country and was known for its strong customer focus and commitment to providing customized and convenient banking solutions.
With a focus on serving the needs of rural and semi-urban areas, Corporation Bank was a leading player in the agricultural and small and medium enterprise (SME) segments.
The merger with Andhra Bank and Union Bank of India was aimed at creating a larger and stronger banking entity, with a wider network of branches and a more comprehensive range of products and services.
Dena Bank-
Dena Bank was a state-owned financial services company based in India. It was founded in 1938 and it offered a range of banking and financial services to individuals, businesses, and corporate customers.
Dena Bank was one of the largest public sector banks , with a large network of branches and ATMs across the country. In 2019, Dena Bank was merged with two other public sector banks, Vijaya Bank and Bank of Baroda, to form Bank of Baroda.
Indian Overseas Bank (IOB)-
Indian Overseas Bank (IOB) is a state-owned financial services company based in India. It was founded in 1937 and is headquartered in Chennai.
IOB provides a range of banking and financial services to individuals, businesses, and corporate customers, including savings and current accounts, fixed deposits, personal loans, home loans, and other financial products.
Allahabad Bank-
Allahabad Bank is a state-owned financial services company based in India. It was founded in 1865 and is headquartered in Kolkata.
Allahabad Bank offers a range of banking and financial services to individuals, businesses, and corporate customers, including savings and current accounts, fixed deposits, personal loans, home loans, and other financial products.
The bank has a large network of branches and ATMs across the country and is known for its focus on serving customers in rural and semi-urban areas.
Despite its historical legacy, in recent years the bank has faced some financial difficulties and has undergone restructuring to improve its financial performance.
