Top 10 Banks in India as per Mcap

The banking sector plays a crucial role in the growth and development of any economy. In India, the banking sector has significantly evolved over the past decade, with a tech-savvy population and a booming economy. As of 2024, the top banks in India, based on market capitalization, are also among the top banks globally. HDFC Bank holds the position of the largest bank in India in terms of market capitalization. Let’s have a look at the Top 10 Banks in India as per Mcap.

Top 10 Banks in India as per Mcap (as on 12.04.2024)

Rank	Rank	Market Cap (Rs Lakh Crore)
1	HDFC Bank	1,153,894.76
2	ICICI Bank	775,447.63
3	SBI	684,294.62
4	Kotak Mahindra	359,803.74
5	Axis Bank	330,873.03
6	Punjab National Bank	148,373.43
7	Bank of Baroda	138,514.94
8	Indian Overseas Bank	121,069.95
9	IndusInd Bank	120,639.59
10	Union Bank	113,855.23

Public Sector Banks Mcap (as on 12.04.2024)

Bank Name	Market Cap (Rs. cr)
SBI	684,294.62
PNB	148,373.43
Bank of Baroda	138,514.94
IOB	121,069.95
Union Bank	113,855.23
Canara Bank	109,900.01
Indian Bank	70,917.65
UCO Bank	65,913.20
Bank of India	65,262.49
Central Bank	55,471.20
Bank of Mah	45,051.70
Punjab & Sind	41,080.16

Private Banks Mcap (as on 12.04.2024)

Bank Name	Market Cap (Rs. cr)
HDFC Bank	1,153,894.76
ICICI Bank	775,447.63
Kotak Mahindra	359,803.74
Axis Bank	330,873.03
IndusInd Bank	120,639.59
IDBI Bank	93,384.61
Yes Bank	69,757.78
IDFC First Bank	59,634.81
AU Small Finance	47,372.34
Federal Bank	37,985.11
Bandhan Bank	29,472.69
RBL Bank	15,647.74
Karur Vysya	15,431.97
JK Bank	15,157.78
City Union Bank	11,513.74
Equitas Bank	11,365.90
Ujjivan Small	10,551.87
Karnataka Bank	8,774.83
TMB	7,784.56
South Ind Bk	7,429.23
CSB Bank	6,671.40
UTKARSHBNK	5,827.12
Jana SFB	4,660.54
DCB Bank	3,860.45
ESAF SFB	3,142.73
Suryoday Small	2,009.85
Capital SFB	1,614.55
Dhanlaxmi Bank	1,172.71