Biggest Private Bank in India 2024, List of Top-10

India’s banking sector stands as a pillar of its economic strength, with private banks playing a vital role in promoting growth and financial inclusion. By 2024, the landscape of private banking in India is set to witness remarkable growth, with institutions competing fiercely to meet the needs and aspirations of diverse customers. Here is a detailed description of the top India’s 10 largest private banks For the year 2024.

What are private banks?

private banks are financial institutions Owned by private individuals, corporations, or shareholders rather than the government. They provide a range of banking services including deposits, loans, investments and wealth management, primarily to high-net-worth individuals, businesses and institutions. Private banks often focus on personal service, specialized financial products and tailored solutions to meet the specific needs of their customers.

Objective of private banks

The primary objective of private banks is to provide specialized financial services tailored to the needs of High net worth individuals, businesses and institutions, Their goal is to provide a personalized banking experience, customized investment solutions and wealth management services to optimize returns and meet the unique financial goals of their clients.

India’s largest private bank by March 2024

HDFC bankwith Total revenue Rs 2.05 lakh croreholds the title of India’s largest private bankAfter this there are ICICI Bank, Axis Bank and Kotak Mahindra Bank.

Here is the list of top 10 largest private banks in India in 2024:

Top 10 largest private banks in India in 2024
Post banks Establishment the headquarters Revenue in 2023
1. HDFC bank 1994 Mumbai Rupee. 2.05 lakh crore.
2. ICICI Bank 1994 Mumbai Rupee. 186,178.80 crores.
3. axis Bank 1993 Mumbai Rs 106,155 crore.
4. Kotak Mahindra Bank 2003 Mumbai ₹ 67,981.02 crore.
5. yes bank 2004 Mumbai ₹ 26,826.76 crore.
6. Federal Bank 1931 aluva ₹ 15,142.16 crore.
7. Indusland Bank 1994 Pune ₹ 44,540 crore.
8. RBL Bank 1943 Mumbai ₹ 10,516 crore.
9. J&K Bank 1938 Srinagar ₹ 8,830.08 crore.
10. South Indian Bank 1929 Thrissur ₹ 7,620.64 crore.

Largest private bank in India – HDFC Bank

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Established: 1994

Total branches in India: 7,915

Total number of ATMs: 20,565

Headquarters: Mumbai

Revenue in 2023: Rs. 2.05 lakh crore.

HDFC bankformally known as Housing Development and Finance Corporation Limited., stands as India’s largest private bank since its Established in 1994, Mumbai-headquartered HDFC Bank boasts of impressive financial figures Total revenue ₹2.05 trillion and a Net income of Rs 45,997.11 crore in 2023, Offering a wide range of banking products and services including loans, credit cards, investments and online banking, HDFC Bank serves millions of customers through its. Wide network of 7,821 branches and 19,727 ATMs. The bank also provides employment Opportunities for over 100,000 individualsTo strengthen its position as the cornerstone of India’s banking sector.

Second largest private bank in India – ICICI Bank

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Established: 1994

Total number of branches: 6,074

Total number of ATMs: 16,927

Headquarters: Mumbai

Revenue in 2023: Rs. 186,178.80 crores.

ICICI Bank, India’s second largest private bank, offers a wide range of banking services to its wide customer base. with Revenue of ₹186,178.80 crore and a Net income of ₹9,121.87 crore in 2023it claims Total assets Rs 19.58 lakh crore, operating through 6,004 branches and 16,650 ATMsICICI Bank provides top-tier banking services and employs approximately 130,542 individuals, strengthening its position as one of the leading private banks in India.

India’s third largest private bank – Axis Bank

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Established: 1993

Total number of branches: 5000

Total number of ATMs: 15,751

Headquarters: Mumbai

Revenue in 2023: Rs 106,155 crore.

Ranked as Third largest private bank in India, axis Bank, It is headquartered in Mumbai and was established in 1993.has rapidly expanded its presence. with Over 5,659 branches and 15,953 ATMs Across the country, banks have flourished. Axis Bank said that more than 91,898 persons have got employment. Revenue of ₹106,155 crore and a Net income of Rs 10,818 crore in 2023,

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