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Top 10 Banks in India as per Mcap


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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)

RankRankMarket Cap (Rs Lakh Crore)
1HDFC Bank1,153,894.76
2ICICI Bank775,447.63
3SBI684,294.62
4Kotak Mahindra359,803.74
5Axis Bank330,873.03
6Punjab National Bank148,373.43
7Bank of Baroda138,514.94
8Indian Overseas Bank121,069.95
9IndusInd Bank120,639.59
10Union Bank113,855.23

Public Sector Banks Mcap (as on 12.04.2024)

Bank NameMarket Cap (Rs. cr)
SBI684,294.62
PNB148,373.43
Bank of Baroda138,514.94
IOB121,069.95
Union Bank113,855.23
Canara Bank109,900.01
Indian Bank70,917.65
UCO Bank65,913.20
Bank of India65,262.49
Central Bank55,471.20
Bank of Mah45,051.70
Punjab & Sind41,080.16

Private Banks Mcap (as on 12.04.2024)

Bank NameMarket Cap (Rs. cr)
HDFC Bank1,153,894.76
ICICI Bank775,447.63
Kotak Mahindra359,803.74
Axis Bank330,873.03
IndusInd Bank120,639.59
IDBI Bank93,384.61
Yes Bank69,757.78
IDFC First Bank59,634.81
AU Small Finance47,372.34
Federal Bank37,985.11
Bandhan Bank29,472.69
RBL Bank15,647.74
Karur Vysya15,431.97
JK Bank15,157.78
City Union Bank11,513.74
Equitas Bank11,365.90
Ujjivan Small10,551.87
Karnataka Bank8,774.83
TMB7,784.56
South Ind Bk7,429.23
CSB Bank6,671.40
UTKARSHBNK5,827.12
Jana SFB4,660.54
DCB Bank3,860.45
ESAF SFB3,142.73
Suryoday Small2,009.85
Capital SFB1,614.55
Dhanlaxmi Bank1,172.71

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