Currently, HDFC is the biggest private sector bank in India, with a total revenue of ₹205,000 crore. Know details including establishment, headquarters, and revenue about the top private banks in India.
Indian private banks play a crucial role in the country’s financial sector, catering to the diverse needs of individuals and businesses. These banks are privately owned and are known for their efficient services, innovative products, and customer-centric approach.
List of Biggest Private Sector Banks in India
Here is the list of the top 15 biggest private sector banks in India with established years, headquarters and revenue.
| Rank | Bank | Establishment | Headquarters | Revenues (2023) |
| 1. | HDFC Bank | 1994 | Mumbai | ₹205,000 cr. |
| 2. | ICICI Bank | 1994 | Mumbai | ₹186,178.50 cr. |
| 3. | Axis Bank | 1993 | Mumbai | ₹106,155 cr. |
| 4. | Kotak Mahindra Bank | 2003 | Mumbai | ₹ 67,981.02 cr. |
| 5. | Induslnd Bank | 1994 | Pune | ₹ 44,540 cr. |
| 6. | IDBI | 1964 | Mumbai | ₹ 24,803 cr. |
| 7. | Yes Bank | 2004 | Mumbai | ₹ 20,039 cr. |
| 8. | IDFC First Bank | 2015 | Mumbai | ₹ 18,221 cr. |
| 9. | Federal Bank | 1931 | Aluva | ₹ 15,142.16 cr. |
| 10. | Bandhan bank | 2015 | Kolkata | ₹ 14,633 cr. |
| 11. | RBL Bank | 1943 | Mumbai | ₹ 10,516 cr. |
| 12. | South Indian Bank | 1929 | Thrissur | ₹ 7,620.64 cr. |
| 13. | J & K Bank | 1938 | Srinagar | ₹ 8,830.08 cr. |
| 14. | Karnataka Bank | 1924 | Mangaluru | ₹ 6,232 cr. |
| 15. | Karur Vysya Bank | 1916 | Karur, Tamil Nadu | ₹ 5,470 cr. |
Largest Private Banks in India
1. HDFC Bank
- Established – 1994
- Headquarters – Mumbai, Maharashtra
- Branches – 7,860
- Total Assets – ₹2,530,432 crore
- Revenue in 2023 – ₹205,000 crore
HDFC Bank is one of India’s largest private sector banks headquartered in Mumbai. The Reserve Bank of India (RBI) has announced HDFC Bank as the Domestic Systemically Important Bank (D-SIB) in India which is referred to as “too big to fail”. The bank provides financial services including banking, insurance, mortgage loans, credit cards, mutual funds, stockbroking and more.
2. ICICI Bank
- Established – 1994
- Headquarters – Mumbai, Maharashtra
- Branches – 5,266
- Total Assets – ₹1,958,490.50 crore
- Revenue in 2023 – ₹186,178.50 crore
ICICI Bank is a multinational bank established in 1994 and headquartered in Mumbai, Maharashtra. The bank has thousands of branches and ATMs across India and has branches in 17 countries. It provides banking and financial services including Insurance, Credit Cards, Mortgage loans, mutual funds, stockbroking, risk management, etc to its corporate and retail customers.
3. Axis Bank
- Established – 1993
- Headquarters – Mumbai, Maharashtra
- Branches – 4,594
- Total Assets – ₹1,344,418 crore
- Revenue in 2023 – ₹106,155 crore
Axis Bank is another Indian multinational bank established in 1993 and headquartered in Mumbai, Maharashtra. It provides banking and financial services including mortgage loans, asset management, mutual funds, credit cards, and more.
FAQs: Private Sector Banks in India
Q1. Which is the 1st private bank in India?
The first private sector bank in India is Indusland Bank, which was established in 1994 by SP Hinduja.
Q2. Which is the biggest private sector bank in India?
India’s no 1 private bank is HDFC Bank, which is currently the biggest private bank in India with a total assets of ₹2,530,432 crore.
Q3. Which are the top 10 Private Banks in India?
The top 10 private sector banks in India are;
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Induslnd Bank
- IDBI
- Yes Bank
- IDFC First Bank
- Federal Bank
- Bandhan bank
Q4. Which is the 2nd Largest Private Bank in India?
ICICI Bank is the second largest private sector bank in India, with a market share of ₹6,97,357.42 Cr.
Q5. Which are the foreign private banks in India?
The top foreign private banks in India are;
- HSBC
- Citi Bank
- Standard Chartered Bank
- DBS Bank
- Barclays Bank
- Deutsche Bank (DB)
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