Which is the Largest Commercial Bank in India 2023

Which is the Largest Commercial Bank in India

One question that people interested in the banking sector want to know the most. Which is the largest commercial bank in India? This question may not be necessary for many people, but it is very important for those who are preparing for bank jobs or those who want to join the largest commercial bank.

What is a commercial bank People also need an answer to this question because so far we common people open an account when we go to the bank. So that is a normal account. In such a situation, who open an account in a bank like this and what is the difference between normal and commercial bank? The answer to all such questions will be found here.

What is Commercial Bank?

It is a financial institution that accepts deposits, offers loans, offers individual and commercial bank accounts. There are many such banks in the country that come in commercial banking. They are mainly used by small business so that they can transact easily.

Such banks are very important for the economy of any country. It helps in maintaining capital, credit and liquidity in the market. All the small and medium businesses in the country are associated with some commercial bank or the other.

In simple language, it is a banking service that has been created for business, whatever people do small and big business. They all use it because there are some facilities completely different here which are available in common banking.

Such as,

  • Payment processing is done faster.
  • There is no limit on money transfer.
  • Dedicated support is given to the business
  • You get credit for business loans and other work.
  • The account is in the name of business. In such a situation, they are used for work like business tax, GST.

Commercial Vs Cooperative Bank

These are both banks and accounts are open in both, but there is a difference between these commercial and cooperative banks. About which all those people who are interested in this sector should be aware. Here are some important points about the difference between the two.

  • Commercial bank provides its services to any individual, trade and business.
  • Cooperative Bank offers services to its service farmers, common people, and small businesses.
  • There are very few limits on service in commercial banks. Due to which customers get a lot of benefits and can do big transactions during the day very comfortably.
  • There are many limited services available in cooperative banks, which are right for an individual.

Which is the Largest Commercial Bank in India

Which is the largest commercial bank in India? And there are also many posts about it. But still it is not decided among the people that which is the largest commercial bank in India? Perhaps this question has been asked in an exam, then people are very curious about this question.

Students who are preparing for bank jobs need to know the answer to this question, who is India’s biggest commercial bank? If you talk about how many such banks are there? We have been informed long ago how many government and private banks are there in India. But information will be found here.

It is written in many places that SBI (State Bank of India) is considered to be the largest commercial bank and there are some such portals. According to which HDFC is India’s largest commercial bank. But the answer to the question that was asked is SBI. According to a question given on Byus, State Bank is india’s largest commercial bank.

Here we are sharing the list of top 5 commercial banks. Whose market size you can find out from the internet. Because this list is not fixed as customers increase in the bank. Their list keeps going up or down, so you can assume that it is a temporary list.

Top 10 largest Commercial Banks in India

  1. State Bank of India (SBI)
  2. HDFC Bank
  3. ICICI Bank
  4. Axis Bank
  5. Punjab National Bank
  6. Kotak Mahindra Bank
  7. Canara Bank
  8. IndusInd Bank Ltd.
  9. Bank Of Baroda
  10. Axis Bank

1. State Bank of India (SBI)

It is the most popular in corporate banking and has been placed at the top of the largest commercial bank list. It is one of the oldest and most trusted banking services in India. SBI offers only commercial services but also has many services that offer banking and financial services.

Which is the Largest Commercial Bank in India

SBI offers solutions like credit card, current account, savings account, debit card and loans to its customers. If seen, SBI has the highest number of customers in India.

How to Check Bank Balance in SBI


Hdfc is the full form of Housing Development Finance Corporation and it is the largest private sector commercial bank in India, which is based in Mumbai. The bank has around 5000 branches across the country and at some international locations. All branches are connected in real time on the Internet.

After the RBI enabled private banks to be set up, this bank was set up in August 1994. Housing Development Finance Corporation, a well-known housing finance organization, promoted HDFC Bank and helped it grow its customer base.

3. ICICI Bank

ICICI (Industrial Credit and Investment Corporation of India) is the most well-known name in the Indian banking business. This excellent bank should be included in any list of commercial banks in India.

At present the bank has more than 5000 branches and 15000 ATMs across India. In addition, the bank has branches in 17 countries around the world. ICICI Bank’s annual income is more than Rs 1,00,000 crore.

4. Axis Bank

Axis’s former name was UTI Bank but later changed and is also known for its premium services. Not only Axis India, it has opened its branches in 11 international places. It is included at 4th number of list of in commercial banks. All types of solutions are available here such as debit, credit loan and other solutions for business.

Due to its superior financial services and seductive interest rates on public deposits, Axis Bank is one of the top commercial banks in India.

As of January 2021, the bank operated over 11000 ATMs and 4700 locations across the country.

More than 55000 people work for Axis Bank. While the entire asset value of this bank is Rs 9.28 trillion, it has contributed huge wealth to our country.

5. Punjab National Bank

PNB is one of the oldest banks in India, established in 1894. It is the second largest bank controlled by the Government of India after SBI. Since then, it has been serving more than 170 million people through more than 10,000 locations and 13000 ATMs.

As of March 2020, PNB’s total assets were valued at over Rs 8 trillion, and its total revenue was estimated to be over Rs 63074.16 crore.

PNB Bank offered a wide range of banking services to cater to the needs of NARIS, importers and exporters.

6. Kotak Mahindra Bank

Kotak Mahindra Bank is a fast growing bank and it is included in the list of largest commercial banks. By market capitalization, Kotak Mahindra Bank is india’s fourth largest private sector bank. The bank was created in 1985 with over 1600 branches spread across India.

As of December 2020, the bank had 2573 ATMs in its network. Moreover, Kotak Mahindra’s total assets have increased dramatically to Rs 4.43 trillion in a short period.

Kotak Mahindra, unlike other banks, offers a digital savings bank account without any maintenance cost. You can apply online for this account and get access to many features.

7. Canara Bank

Canara Bank is one of the most important public sector commercial banks in India. The bank was formed in 1906 and as on January 30, 2021, employed more than 80,000 people.

The total assets of the bank were estimated to be 7.12 trillion rupees. The bank earns money through its 6300 branches located all over the country. In addition, the bank operates more than 8800 ATMs.

Apart from this, on March 4, 2020, the Union Cabinet approved the merger of Syndicate Bank and Canara Bank. As a result of the merger, this bank is now the fourth largest state-owned bank in terms of assets.

8. IndusInd Bank Ltd.

Known as India’s leading new generation private bank, IndusInd Bank has a market capitalization of Rs 70,631.88 crore. Established back in the year 1994, the bank is headquartered in Mumbai, with most branches concentrated in the Indian metro cities of Mumbai, Delhi and Chennai. It also boasts of overseas presence due to its representative branches in Dubai, Abu Dhabi and London. The bank earned a revenue of Rs 18,577 crore in the year 2019.

As of March 2020, IndusInd Bank had a substantial base across the country with over 2500 ATMs.

9. Bank of Baroda

Bank of Baroda has about 9500 branches across the country. In addition, the bank pays salaries to around 85000 employees, making it india’s second largest bank by market capitalization.

The bank is headquartered in Vadodara, Gujarat, which was formed in 1908. In the Forbes Global 2000 list, Bank of Baroda was ranked 1145th.

The total asset value of India’s nationalised public sector bank is Rs 12 trillion.

10. Axis Bank

Axis’s former name was UTI Bank but later changed and is also known for its premium services. Not only Axis India, it has opened its branches in 11 international places. It is included at number 5 in the list of commercial banks. All types of solutions are available here such as credit, debit, loan and other solutions for business.

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Friends, in this post, we have given you which is the largest commercial bank in India? Also, you know about Top 10 largest Commercial Banks in India. If you need any other information, you can message by going to the comment section below. Hope you will be helped by the information provided by us.

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