Top 10 Banks in India 2017

Published in Top Brands category by MBA Skool Team , Last Updated: August 30, 2017

The Indian banking system is one of the most robust and long serving industries in the history of India. The top Indian banks having been serving the huge population of the country with services like savings accounts, loans, insurances etc have been going on since decades. With the opening up of the economy and entrance of other banks, the competition between banks has lead to digital services, ATMs, online banking etc, which has made the banking industry stronger. The top Indian banks include names like HDFC, State Bank of India, ICICI, PNB, Axis Bank along with Canara Bank, Yes Bank etc. The biggest banks in India are mostly dominated by public sector enterprises which have a strong backing of the government. However, even the private sector has a substantial presence among the best Indian banks. The Reserve Bank of India or RBI is the apex controlling authority in India. There are more than 160,000+ ATMS spread across India, majority of which are owned by the largest Indian banks. With the growing focus on digitization by the Indian government, the landscape of banking is set to change further. Here is the list of the Top 10 Banks in India 2017.

Quick Glance :

Below are the biggest and top banks in India 2017:

1st Place : HDFC Bank

2nd Place : SBI

3rd Place : ICICI Bank

4th Place : Axis Bank

5th Place : Punjab National Bank

6th Place : Bank of Baroda

7th Place : Canara Bank

8th Place : YES Bank

9th Place : Kotak Mahindra

10th Place : Union Bank of India

For More details about rankings and parameters, read on.

Top Indian Banks 2017 with Parameters (Profit, ROA, NPA):

10. Union Bank of India

Union Bank of India was founded in 1919 and is one of the largest government-owned banks of India.

Image: Wikimedia

The government owns a share of 63% of Union Bank of India’s share capital, which is headquartered in Mumbai. Rajkiran Rai G is the present Chairman and Managing Director of the company, and it has over 4200+ branches and 6900+ ATMs spread all across the country and has also international presence.

UBI has strong global presence in Hong Kong, Dubai, Antwerp and Sydney. It has also representative offices in Shanghai, Beijing and Abu Dhabi. It was inaugurated by Mahatma Gandhi in 1919 and was nationalized in 1969. Some of the mergers of Union Bank of India are Belgaum Bank, Miraj State Bank, Sikkim Bank.

The products that Union Bank of India offers are Consumer banking, Corporate Banking, Finance and Insurance, Investment Banking , Mortgage Loans, Private banking and wealth management. Total asset worth of UBI is INR 404,695.90 crore. Union bank is tenth on the Top Indian Banks 2017 list.

Interest Earned (Cr): Rs32222.56

Net Profit (Cr): Rs446.99

Return of Asset: 0.09%

Net NPA(Cr): Rs18245.6

9. Kotak Mahindra

Founded in 1965 as Kotak Mahindra Finance Limited by Uday Kotak, it was a financial service conglomerate.

Image: company website

In 2003, It received a banking license from the Reserve Bank of India and became the first non-banking finance company to be converted into a bank. Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries. It offers services in the areas of personal finance, investment banking, life insurance, and wealth management. It is headquartered in Mumbai, Maharashtra. Uday Kotak is the Founder Chairman and Managing Director of the company.

It has 1,369 branches as on 31st March 2017 and 2,163 ATMs spread across India. In 2014, Kotak Bank acquired ING Vysya Bank in a deal worth INR 15,000 crore. It has launched Instant A/c opening anytime and anywhere: 811 on 29th March 2017 and is the India’s first downloadable bank account and has zero paperwork during account opening.

It has received the Best Corporate and Investment Bank for India – Asiamoney Best Bank Awards 2017 – India and Fastest Growing midsized bank 2017 – Business today – Money today financial awards.

Interest Earned (Cr): Rs17698.93

Net Profit (Cr): Rs3411

Return of Asset: 0.47%

Net NPA(Cr): Rs1718.07

8. YES Bank

The youngest bank of the lot and the fastest growing private sector bank, YES Bank was founded in 2004 by Rana Kapoor and Late Ashok Kapur.

Image: company website

Within 13 years of its establishment it has become the fifth largest private sector bank of India, and it is the only Greenfield Bank license awarded by the RBI in the last two decades. It is headquartered in Mumbai, India. Rana Kapoor is the present Managing Director and CEO of the company. It has fructified into a “Full Service Commercial Bank” that has steadily built Corporate Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Digital Banking and Wealth Management business lines across the country. It has a footprint of 1,000 branches and 1,800 ATMs across all 29 states and 7 union territories.

Total Asset worth of Yes bank is INR 215060 crores. Taking forward the Government of India’s bold & revolutionary step of Demonetization in. November 2016, YES BANK brand took another leap - INDIA bole YES! to a LESS-CASH Economy. It has over 20,125 people working in various branches. During FY 2016-17 YES Bank undertook many initiatives reinforcing its Digital Banking leadership which include Unified Payments Interface, Yes Fintech, Yes SIMse PAY, Yes Transact, Smart Cities, Chat bots.

It is the youngest Indian company to be a part of the Forbes global 2000 list 2016 and awarded best mid-sized bank by business today for 2016.

Interest Earned (Cr): Rs16424.64

Net Profit (Cr): Rs3330

Return of Asset: 1.8%

Net NPA(Cr): Rs1072.3

7. Canara Bank

Founded in 1906 in Mangalore as Canara Bank Hindu Permanent Fund by Ammembal Subba Rao Pai, Canara Bank is one of the oldest public sector banks in the country.

Image: Wikimedia

It was nationalized in 1969 as Canara Bank, and it is headquartered at Bangalore, India. T N Manoharan is the present Chairman of Canara bank and Rakesh Sharma is the present MD and CEO of the company, and by the end of March 2017, the bank has a network of 6000+ branch offices and 10000+ ATMs spread pan India. It has international presence with offices in England, Hong Kong, Russia, China, Doha, New York etc. Acquisitions by Canara Bank include Bank of Kerala in 1961, Seasia Midlan Bank, G.Raghumathmul Bank, Trivandrum Permanent Bank, Cochin Commercial Bank, Pandyan Bank, Arnad Bank to name a few.

In 1996, Canara Bank became the first Indian Bank to get ISO certification for "Total Branch Banking" for its Seshadripuram branch in Bangalore. Together with State Bank of India, Canara Bank established a joint venture in Moscow, Commercial Bank of India LLC. Canara Bank sponsors two regional rural banks – Kerala Gramin Bank and Pragathi Krishna Gramin Bank.

It has a total asset base of INR 552,960.78 crore. Awards received by Canara Bank during 2016-17  are

• Best Strategy in HR’ & ‘Training Excellence’ – Gold Awards, in 6th Annual Greentech HR Award 2016

• SKOCH Order of Merit’ Award for initiatives under Financial Inclusion.

• Special Award for the Best Financial Institution-Gold’ on 7th year in succession by Federation of Karnataka Chamber of Commerce & Industry (FKCCI).

Interest Earned (Cr): Rs41627

Net Profit (Cr): Rs907

Return of Asset: 0.23%

Net NPA(Cr): Rs22295

6. Bank of Baroda

Bank of Baroda is one of the largest and fastest growing banks in India which is based out of Baroda, Gujarat.

Image: Wikimedia

India’s International Bank, as they call, Bank of Baroda is a state-owned international banking and financial services company founded on 20th July 1908 by Maharaja HH Sir Sayajirao Geakwad III in the princely state of Baroda in Gujarat. Bank of Baroda was nationalized in 1969. It has a total asset base over INR 3.58 trillion and has a network of 5493 branches in India and abroad and 10441 ATMs as of September 2016. It has 100+ branches in 24 countries of which 61 branches are of the bank and the remaining the subsidiaries and representative office. It has branches in major financial centers like New York, Dubai, Hong Kong, Brussels and Singapore.

It is headquartered in Vadodara, India. P.S.Jayakumar is the present CEO and MD of the company and Ravi Venkatesan is the present Chairman. The tagline of Bank of Baroda is "India's International Bank". Bank of Baroda was ranked 21st amongst Best Indian Brands 2016 in Brand Equity – The Economic Times dated 31st August to 6th September, 2016.

During its journey so far it has acquired or had a merger with many banks some of which include Hind Bank Ltd, New Citizen Bank of India Ltd, Surat Banking Corporation, Tamil Nadu Central Bank, Umbergaon People Bank , Traders Bank Limited, Bareilly Corporation Bank Ltd, Benares State Bank Ltd, South Gujarat Local Area Bank Ltd, Memon Cooperative Bank Limited.

Interest Earned (Cr): Rs42339

Net Profit (Cr): Rs1228

Return of Asset: 0.15%

Net NPA(Cr): Rs19006

5. Punjab National Bank

Punjab National Bank is a state-owned corporation based in New Delhi started in 1894.


PNB founders included several members from Swadeshi movement and since then it has been a prominent bank in the Indian banking sector, and even Lala Lajpat Rai was vigorously linked with Punjab National Bank. Punjab National Bank is into banking and financial services sector serving individuals and enterprises. PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee.

It has a customer base of over 80 million and is connected by over 6,900+ brances and over 9,000+ ATMs across 760 cities. It has also international presence with seven branches in UK as well as branches in Kabul, Hong Kong, Dubai etc. It has representative offices in places like Oslo, Dubai, Shanghai, Sydney etc.

It has an asset base of ₹667,390.45 crore as on March 2016. Sunil Mehta is the current MD & CEO of the company. It has over 70000+ employees in the organization spread across the country. Some of the Mergers and Acquisitions of Punjab National Bank include Bharat Bank Ltd., Universal Bank of India, Indo-Commercial Bank, Hindustan Commercial Bank, New Bank of India and Nedungadi Bank. It has received several awards like best public sector bank in 2012; best socially responsible bank in 2011 and many such awards that are feather in the cap for the history.

Interest Earned (Cr): Rs46213

Net Profit (Cr): Rs1062

Return of Asset: 0.12%

Net NPA(Cr): Rs34993

4. AXIS Bank

Founded as UTI Bank in 1993 after the Government of India allowed new private banks to be established, it changed its name to Axis Bank in the year 2003.

Image: Wikimedia

Axis Bank is headquartered at Mumbai, Maharashtra, India and is the third largest private sector banks in India. It offers a comprehensive suite of financial products and has a market capitalization of over US$ 16 billion, and serves individuals and enterprises as well for various banking services. Shikha Sharma is the present CEO and MD of Axis Bank, and Sanjiv Misra is the present Chairman. Axis Bank currently has a network of 3,120 Branches and 12,922 ATM's across India as on 12th August 2016.

Axis bank operates an ATM at Thegu, Sikkim -one of the world’s highest sites at a height of 4,023 meters above sea level. It has nine offices internationally with branches at Singapore, Hong Kong, Dubai, Shanghai, Colombo, Dhaka, Dubai and Abu Dhabi.

The services of Axis bank include retail banking, corporate banking – credit, transaction banking, treasury, syndication, investment banking and trustee services and International banking. Deepika Padukone is the brand ambassador of Axis Bank. In 2003, Axis bank became the first bank to launch travel currency cards. Some of the recent awards in 2017 that AXIS Bank won are:

• Best Use of Mobile within a Loyalty Strategy' at the Loyalty Awards 2017

• 'Best Use of Partnership in a Loyalty Program' at the Loyalty Awards 2017

• 'Best Rewards Program' for the 3rd consecutive year at the Loyalty Awards 2017

Interest Earned (Cr): Rs44542

Net Profit (Cr): Rs3679

Return of Asset: 0.65%

Net NPA(Cr): Rs8626.55

3. ICICI Bank

Industrial Credit and Investment Corporation of India (ICICI Bank) is an Indian multinational and financial services company headquartered in Mumbai, India.


ICICI Bank was founded in 1994 with registered office at Vadodara, Gujarat. Mrs Chanda Kochhar is the present MD and CEO of ICICI and Mr MK Sharma is the present Chairman, and ICICI Bank currently has a network of 4,850 Branches and 13,882 ATM's across India as on March 2017. ICICI offers a wide range of banking products and financial services for corporate and retail customers in the areas of banking, life, non-life insurance, venture capital and asset management. Some of the acquisitions of ICICI bank include SCICI Ltd, ITC Classic Finance, Anagram Finance, Bank of Madurai, Darjeeling and Shimla branches of Grindlays Bank, IKB, Sangli Bank and Bank of Rajasthan.

ICICI has come up with initiatives like 100 Digital villages to promote digital ecosystem across country in rural India to create awareness and enable them use digital channels for banking. Apart from this they also have a Go Green Initiative and Literary Endeavours. ICICI is planning to add up 500 more villages to its Digital village campaign to educate about digital payments. Some of the recent awards in 2017 that ICICI won are:

• Ranked first among private sector banks in India as per Brand Equity's 'Most Trusted Brands of 2016' survey

• 'Best Company to Work for' Award of Business Today magazine in the Banking, Financial Services and Insurance sector.

Interest Earned (Cr): Rs54156

Net Profit (Cr): Rs9801

Return of Asset: 1.35%

Net NPA(Cr): Rs25451.03

2. State Bank of India

Founded in 1806 as Bank of Calcutta, later changed in 1921 as Imperial Bank of India, State Bank of India came into existence in 1955 after introduction of State Bank of India Act 1955.

Image: Wikimedia

State Bank of India is a government owned corporation headquartered in Mumbai, Maharashtra, India and is a public-sector banking and financial services company. On 1st April, 2017 SBI, India’s largest bank merged five of its associate banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. It is the first ever large scale consolidation in the Indian Banking Industry and will make SBI enter the league of top 50 global banks with a balance sheet of INR 41 trillion, 277,000 employees, 500 million customers and more than 22,500 branches and 58,000 ATMs.

SBI is ranked 232nd in Fortune Global 500 world’s biggest corporations as of 2016.

SBI has international presence in cities like Singapore, Moscow, Dhaka, Colombo, Hong Kong, Tehran, Osaka, New York, Dubai, Sydney and Tokyo. Total Asset base of SBI is humongous ₹2,259,063.03 crore.  SBI has a strong domestic presence all over India and also has a strong NRI customer base. Its primarily competes with banks like ICICI, Bank of Baroda, HDFC etc who play on a similar scale as compares to SBI.

Interest Earned (Cr): Rs170669

Net Profit (Cr): Rs7669

Return of Asset: 0.42%

Net NPA(Cr): Rs61430.45

1. HDFC Bank

Founded in August 1994, HDFC Bank Limited is a banking and financial services company headquartered in Mumbai, India.

Image: Wikimedia

It was amongst the first to receive as ‘in principle’ approval from the RBI to set up a bank in private sector, as a part of the Indian Banking Industry in 1994. HDFC commenced operations as a Scheduled Commercial Bank in January 1995, and since then become the leading bank in the Indian banking sector. As at March 31, 2017, the total number of branches (including extension counters) and ATM network stood at 4700+ branches and 12260 ATMs respectively and spread across 2600+ cities. It has international presence in Bahrain, Hong Kong and Dubai too. As per the market capitalization, HDFC is the largest bank in India. Amalgamation of Centurion Bank of Punjab in 2008 and Merger of Times Bank Limited in 2000 added significant value to HDFC Bank in terms of increasing branch network and reach

Aditya Puri is the current MD of HDFC Bank, Recipient of Banker of the year from Business Standard Annual Awards 2016. The Products and services of HDFC bank include Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, Treasury, wholesale banking, retail banking and personal loans, two wheeler loans, car loans, private equity and wealth management. HDFC has wide range of digital offerings that include PayZapp, 10 second personal loan, SME Bank, Watch Banking, Chillr, 15-minute Two-wheeler loan and e-payment gateways to cater to the present e-commerce world.

HDFC Bank has come up with “Idea Bank” - a platform to share suggestions and ideas to help them improve their products and services and the most voted ideas will be implemented. The present asset base of HDFC stands at INR 86,384,021 lakhs.

Interest Earned (Cr): Rs69305

Net Profit (Cr): Rs14549

Return of Asset: 1.88%

Net NPA(Cr): Rs1843.99

Rank Methodology:

1. The leading 15 banks in India are considered along with parameters like Interest Earned,  Net Profit, Return of Asset and Net NPA.

2. All parameters were normalized and were given scores of 0.5, 0.3, 0.15 and 0.05 respectively

3. Based on this final scores were calculated and the final ranks were derived

This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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