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Top 10 Indian Banks in 2023

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State Bank of India

State Bank of India (SBI) - State Bank of India raises $300 million from  Formosa bonds - Telegraph India

In our top 10 Indian Banks in 2023 State Bank of India (SBI) is the largest public sector bank in India, with more than 22,000 branches and 58,000 ATMs across the country. It offers a wide range of banking products and services including savings and current accounts, credit cards, loans, and investment products. SBI also has a strong international presence, with branches in several countries and partnerships with banks around the world. The bank was established in 1806 as the Bank of Calcutta, and has undergone several name changes and mergers over the years. SBI also has several subsidiary banks and financial services companies under its umbrella.

HDFC Bank

The 20% growth principle that built HDFC Bank | MintIn our top 10 Indian Banks in 2023 HDFC Bank is one of the largest private sector banks in India. It was founded in 1994 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. HDFC Bank has a strong digital presence and offers a variety of online and mobile banking services. It also has a large network of branches and ATMs across the country. Additionally, HDFC Bank is well known for its high-quality customer service, making it one of the most sought after bank in India.

ICICI Bank

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ICICI Bank - Wikipedia

In our top 10 Indian Banks in 2023 ICICI Bank is one of the largest private sector banks in India. It was founded in 1994 and is headquartered in Mumbai. ICICI bank offers a wide range of banking products and services such as savings and current accounts, credit cards, loans, and investment products. The bank has a strong digital presence and offers a variety of online and mobile banking services. It also has a large network of branches and ATMs across the country. It also has a strong international presence with a wide range of NRI services and branches in multiple countries. ICICI Bank is known for its diverse range of products and services catering to different segments of customers

Axis Bank

India's Axis Bank to wind up UK subsidiary after deal with OpenPayd fails- filing | Reuters

In our top 10 Indian Banks in 2023 Axis Bank is one of the largest private sector banks in India. It was founded in 1993 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It also has a large network of branches and ATMs across the country. Axis bank is known for its focus on corporate banking and investment banking services, and has a strong presence in the SME and agricultural lending space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Kotak Mahindra Bank

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Kotak Mahindra Bank beats Street forecast, Q3 net jumps 31% to Rs 2,792 croreIn our top 10 Indian Banks in 2023 Kotak Mahindra Bank is one of the largest private sector banks in India. It was founded in 1985 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It also has a large network of branches and ATMs across the country. Kotak Mahindra Bank is known for its focus on providing wealth management and investment banking services, it also has a strong presence in the SME and agricultural lending space. The bank has a significant international presence, with branches in several countries and partnerships with banks around the world.

IndusInd Bank

IndusInd Bank account holders alert! Corporate website indusind.com launched to meet digital banking requirements post-COVID-19 lockdown | Zee Business

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In our top 10 Indian Banks in 2023 IndusInd Bank is one of the leading private sector banks in India. It was founded in 1994 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It has a large network of branches and ATMs across the country. IndusInd Bank is known for its focus on providing premium banking services to its customers and its strong presence in the consumer lending and credit card space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Bank of Baroda

Bank of Baroda to benefit from govt thrust on infrastructure spending: Chairman Hasmukh Adhia | The Financial Express

In our top 10 Indian Banks in 2023 Bank of Baroda (BoB) is one of the largest public sector banks in India. It was founded in 1908 and is headquartered in Vadodara, Gujarat. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It has a large network of branches and ATMs across the country. Bank of Baroda is known for its focus on providing banking services to the rural and semi-urban population, and its strong presence in the SME and agricultural lending space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Canara Bank

Canara Bank - Wikipedia

In our top 10 Indian Banks in 2023 Canara Bank is one of the largest public sector banks in India. It was founded in 1906 and is headquartered in Bengaluru. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It has a large network of branches and ATMs across the country. Canara Bank is known for its focus on providing banking services to the rural and semi-urban population, and its strong presence in the SME and agricultural lending space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Bank of India

India's SBI sees loan growth staying strong after record profit | Reuters

In our top 10 Indian Banks in 2023, Bank of India (BoI) is one of the largest public sector banks in India. It was founded in 1906 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It has a large network of branches and ATMs across the country. Bank of India is known for its focus on providing banking services to the rural and semi-urban population, and its strong presence in the SME and agricultural lending space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Union Bank of India

Union Bank of India looking to digitise recovery processes | The Financial Express

In our top 10 Indian Banks in 2023, Union Bank of India (UBI) is one of the largest public sector banks in India. It was founded in 1919 and is headquartered in Mumbai. The bank offers a wide range of banking products and services, including savings and current accounts, credit cards, loans, and investment products. It also has a strong digital presence and offers a variety of online and mobile banking services. It has a large network of branches and ATMs across the country. Union Bank of India is known for its focus on providing banking services to the rural and semi-urban population, and its strong presence in the SME and agricultural lending space. The bank also has a significant international presence, with branches in several countries and partnerships with banks around the world.

Note: This is based on the asset size and market capitalization of the banks as of 2022. The ranking may change over time.

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