Best Bank In India

In India, the banking sector is one of the most regulated sectors of the economy. When the Indian government allowed private banks to operate nationwide, many banks existed and faced stiff competition from various nationalized actors. Private Banks benefited most of the nationalized banks for the quality of services they provided to their customers. Over the years, there have been banks that have also added services to their customers. The Indian banking industry is experiencing a time of a customer market. Customers have more options when it comes to choosing their banks. Competition has been established in banks operating in India. Which banks offer the best services?

India is always known for its heritage, but it is true that Indians live at their own pace and do so in front of many countries in the world. India yes

  • Extensive heritage
  • The longest constitution in the world
  • 3rd largest active army and many others.

India also has a strong banking and financial sector and is the industry that has had the biggest impact on the Indian economy. Many reforms have been adopted since independence. The 1991 reforms are causing a major change in the banking sector in India. Since 1991, the sector has changed and is now on the path to full digitalization of transactions.

There are currently 27 public sector banks in India, nationalized banks, 21 of which belong to one group, and 6 state-owned banks. Also, there are 21 private sector banks, 49 foreign banks, 56 rural banks in the region, and 94,384 rural cooperative banks that support the Indian banking system.

Although Indian banking is known to be the best bank in the world, we cannot highlight the bank that offers the best bank. In my opinion, not a single person is satisfied with the service industry. Our expectations are too high and there is a growing trend. I like it; not all customers are the same, not all banks are the same. The behavior of employees is perceived in different ways by different people. Because of the competition, the PSU and private sector banks can be a huge way to cover a limited area and have many complaints. Therefore, we cannot highlight the name. Today, the banking industry has completely changed, I’m talking about the quality of PSU banking service. Nowadays a large part of the customer-centric approach is applied, now banks are more concerned with customer retention. Therefore, if we go through Baroda’s customer service system, it will now match up with peer-to-peer banks. It is centralizing its services, introducing a new concept to sell the bank’s loan factory, which will help improve the quality of the loan, which reduces the delivery time and makes it more customer-friendly.    

After all, try to reap the benefits of monopolistic competition between PSUs and private sector banks. It’s good for retail customers because they always have the option to move the bank.

The most consumer bank in India is Corporation Bank, followed by the State Bank of India, Axis Bank, and the Central Bank of India. I wasn’t surprised when I saw a large banking corporation at the top. I bet the HDFC Bank was more consumer-friendly, but the fifth was respectable.  

Surprisingly, ICICI Bank, one of the largest billing banks in India, did not even reach the 15 pre-selected banks. There are no details on the list settings, so I can’t comment. I find it quite strange that ICICI Bank is growing badly thanks to some of these 15 banks in India. 

The Indian bank is on the rise

India has made great strides in recent years towards financial inclusion, the World Bank has acknowledged. 554 million bank accounts were found and opened worldwide in 2014-17, 55% commendable in India. In India, the holdings of adult bank accounts have increased significantly, reaching 80% in 2017 and 53% in 2014.

As a result of the successful implementation of the government’s Indian campaign, Jan Dhani Yojana led to a large number of Indians’ formal banking system.

In March 2017, Jan Dhan’s account holders were 28.17 million, up 31.44% in March 2018, according to government data released by Business Today in April 2018.

India is paving the way for the full digitalization of financial transactions. In this process, the involvement of banks has been and will be crucial. When a person decides to open a bank account, he or she examines some key features to make his or her banking experience happy, ensuring that all the money seized is safe.


There are many factors that a customer will consider if a bank is good or not. Here are some practical considerations for the modern consumer:

  • Reputation for economic hardship
  • Accessible brick and mortar bundles
  • There is no minimum / minimum balance requirement
  • Extensive network of ATMs
  • Excellent customer service
  • Pay the free bill
  • Smooth online bench
  • Competitive interest rates
  • Free checks
  • Credit and loan availability

Based on these features, I have created a list of the ten largest banks in the country that offer all or most of the aforementioned facilities and facilities.


  • Reporting of Expenses and Interest Rates – Corporate Bank 
  • Proactive communication about new products/services – Corporation Bank 
  • Trust – HDFC Bank 
  • Resolution of Complaints – State Bank of India 
  • Extensive ATM comment: HDFC bank 
  • Company professionalism –
  • Proper Bank Hours – Corporation Bank 
  • Well-trained staff – State Bank of India 
  • Nice and friendly staff – Corporation Bank 
  • Faster service branches – Corporation Bank 
  • Know the customer and their needs: Corporation Bank 
  • Good internet banking: Axis Bank 
  • Effective Processes: Outdated Bank of India 
  • Effective communication in developments – Axis Bank 
  • Innovative company – Union Bank of India 
  • Good telephone banking: Axis Bank 

List of the top 10 banks in India

#1. State Bank of India

SBI is without a doubt the leading bank in India in terms of several branches, ATMs, net profit, total assets under management, and so on. With a base of almost 3 lakh employees, the SBI will control approximately 20% (approximately) of the banking sector in India. The corporate center is located in Mumbai and has 14 headquarters and 57 offices across the country. The bank has more than 17,000 branches with more than 27,000 ATMs. The bank manages more than $ 390 billion in assets. SBI ranked 236th on the Fortune Global 500 list of the world’s largest corporations in 2019. The award for 2019 was given to “Best Transaction Bank of India and Best Payment Bank of India.” 

#2. HDFC Bank

An HDFC bank is ranked No. 1 in India, the best banking report in the world. As of March 31, 2018, it has 88,253 permanent staff and does not have a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is the leading lender of private sector assets in India. As of March 2020, it is the largest bank in India by market capitalization. Revenue: 1.17 lakh crore INR (2019, $ 17 billion) / Total assets: 11.89 lakh crore INR (2019, 170 billion US dollars). It was in charge of the national branch distribution network and 13, 514, 5144 ATMs in 2,768 cities. 

#3. ICICI Bank

ICICI is second on the list in terms of the size of assets managed by the bank. In terms of assets and market capitalization, ICICI Bank is the second-largest bank in India as of 2018. ICICI Bank is a private sector bank in India. The combined assets of the bank amounted to Rs 125.50 trillion on 30 June 2019. ICICI Bank currently has 5,275 branches and 15,589 ATMs across the network across India. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through various means of supply and group companies. 

#4. Punjab National Bank

PNB is the third largest bank in India. Punjab National Bank is a multinational financial and banking services company in India. It is a state corporation headquartered in New Delhi, India. The bank was founded in 1894. As of March 31, 2017, the bank is home to more than 80 million customers, 6,937 branches and ATMs in 764 10,681 cities. IBA Banking Technology Awards 2019 

#5. Corporation Bank

Corporation Bank is a public sector banking company based in Mangalore, India. The bank has a pan-Indian presence. Today, there is the presence of paninis banks. The bank currently has a network of 2,432 fully automated CBC branches, 3,040 ATMs, and 4,724 non-branch banking units nationwide. On 24 October 2018, the Bank was awarded the “BEST MSME BANK-WINNER 2018” Prize ASSOCHAM SME Excellence Award – 2018 by the United Indian Chamber of Commerce and Industry (ASSOCHAM).

#6. Bank of Baroda

BOB is the largest asset management bank in India. Depending on the market limit, the bank is undervalued. Serving more than 82 million customers in 22 million countries. The network of more than 5,500 offices. Baroda Bank has won the “Most Customer-Centered Technology Winner” at the 2019 IBA Banking Technology Awards Function in St. Louis. Reges, Bombay

#7. Canara Bank

The bank has about 3200 branches with more than 4000 ATMs. Finalist of the CIMSME Award for the best MSME bank (large category) and economically inclusive bank (large category)

#8. Axis Bank

Axis Bank will come out on the 7th list and private banks on the 3rd list. The bank has 2225 branches, more than 12,000 ATMs, and 40,200 employees. The bank manages $ 54 billion in assets.

#9. Bank of India

The Indian bank has more than 5,000 branches spread across all provinces or territories of the Union, including specialized branches. Bank of India Banka is a commercial bank located in the Kurla complex (Mumbai) and is among the top 5 banks in India.

#10. IDBI Bank

The bank has approximately 1150 branches with around 2,000 ATMs. The bank employs about 15,000 people. It manages $ 42 billion in assets. 


Here are some of the most important banks in India. You need to have at least one branch around, even if all the banking is done online. Carefully pay attention to the customer’s customer service and make a clear decision to decide what services to choose.