SBI, ICICI Bank to Axis Bank, these are the top 10 banks in India

The State Bank of India or SBI is government owned public sector bank headquartered in Mumbai, Maharashtra. The government-owned lender is ranked 216th in the Fortune Global 500 list of the world's biggest corporations of 2018. The SBI is India's largest bank having around 23 per cent of market share in terms of asset and in terms of the loan and deposit market it's share rise up to 25 per cent. The bank descends from the Bank of Calcutta, founded in 1806, via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. (Photo: PTI) 

ICRA Rating: Long-term rating AAA

Outlook: Stable

Industrial Credit and Investment Corporation of India or ICICI Bank is a multinational banking and financial services company in India. Its headquarters is in Mumbai, Maharashtra and its registered office is in Vadodara, Gujarat. As of 2018, ICICI Bank is the second largest bank in India in terms of assets and market capitalisation. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. Currently, it is one of the big four banks in India. it has subsidiaries in UK and Canada and branches in the US, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, China and South Africa. (Photo: PTI)

ICRA Rating: Long-term rating AAA

Outlook: Stable

Incorporated in 1994, Housing Development Finance Corporation aka HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a presence in Bahrain, Hong Kong, Dubai and more. It is India's largest lender in terms of assets. HDFC Bank was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. HDFC Bank merged with Times Bank in February 2000. This was the first merger of two private banks in the New Generation private sector banks category. In 2008, Centurion Bank was acquired by HDFC Bank. (Photo: PTI)

ICRA Rating: Long-term rating AAA

Outlook: Stable

Founded by Rana Kapur and Ashok Kapur, Yes Bank is India's fourth largest private sector bank. Its primary operation is corporate banking but it is also involved in retail banking with asset management as its subsidiary operation. The yes Bank operates in three different entities namely Yes Bank, Yes Capital and Yes Asset Management Services. It mainly derives its fund through corporate banking and through syndicate loans. (Photo: Bank Twitter handle)

ICRA Rating: Long-term rating AA-

Outlook: Negative

Axis Bank is the third-largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai, Maharashtra. It has 4050 branches, 11,801 ATMs and 4,917 cash recyclers spread across the country as on 31st March 2019 and ten international offices. It sells financial services to large and mid-size corporates, SME and retail businesses. The Bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. In addition to the above, the Bank has a presence in the UK with its wholly owned subsidiary Axis Bank UK Limited. (Photo: Reuters)

ICRA Rating: Long-term rating AAA

Outlook: Stable

Kotak Mahindra Bank is considered one of the upcoming commercial banks in India and is the fourth biggest private-sector bank in the country according to market capitalization. The bank was founded by Uday Kotak in 1985. (Photo: PTI)

ICRA Rating: Long-term rating AAA

Outlook: Stable

First among new generation private banks, IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. (Photo: Reuters)

ICRA Rating: Not Available

Outlook: Not Available

Bank of Baroda (BoB) is the government of India owned multinational, public sector banking and financial services company. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking(PSU). (Photo: PTI)

ICRA Rating: Long-term rating AA(hyb)

Outlook: Stable

Punjab National Bank or PNB is an Indian government-owned multinational banking and financial services company based in New Delhi, India. The bank was founded in 1894. As of 31 March 2019, the PNB has over 110 million customers, 7001 branches (7,000 as on 2nd October, 2018) and 10681 ATMs across 764 cities. (Photo: PTI)

ICRA Rating: Long-term rating AA-

Outlook: Stable

The IDBI Bank or Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. Initially, it operated as a subsidiary of Reserve Bank of India (RBI) transferred it to the government of India. Many institutes of national importance find their roots in IDBI like Sidbi, Exim bank, NSE and NSDL. (Photo: PTI)

ICRA Rating: Long-term rating BBB+

Outlook: Negative