List of Top 10 Banks in India in 2024

India houses 12 public sector banks, 21 private sector banks, and 45 foreign banks (in the private sector) and these are the players that are influencing the Indian banking industry and to a significant extent the Indian economy. Out of all these banks, the key players are comprised of the largest of banks, that dominate the sector, and given below are the Top 10 Banks in India in 2023, based on a detailed recent survey, that takes into account the market capitalization:

The Banking Industry is one of the major pillars of a country’s economy. Banks are crucial for economic growth and a healthy banking sector can make or break a country’s financial situation.

This article discusses the Top 10 Banks in the world’s largest democracy, India, and how these primary players in the banking sector have contributed to increasing the purchasing power capability and per capita income of the country.

These top 10 banks have a combined market share of more than 70 percent and with reforms in the banking sector, have made investing in Indian Banks profitable for the investors, making it one of the dominant sectors in the Asia-Pacific region.

Given below in this article is a list of the largest banks in India, that have greatly contributed to generating huge amount of job opportunities for different sectors in the country, and helped boost the country’s economy.

Let’s start.