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Curious to know which are the biggest banks in India in 2025? Here’s the updated list of the Top 10 largest Indian banks, ranked by total assets, market presence, and customer base. These banks play a crucial role in India’s financial system, offering services across retail, corporate, and digital banking. From government-owned giants like State Bank of India (SBI) to leading private banks like HDFC Bank and ICICI Bank, discover which institutions are leading the way in India’s banking sector in 2025.
Top 10 largest banks in India in 2025 based on market cap as of March 2025
| Rank | Rank & Bank | Type | Market Cap (Rs Lakh Crore) |
|---|---|---|---|
| 1 | HDFC Bank | Private | 13.81 |
| 2 | ICICI Bank | Private | 9.43 |
| 3 | SBI | Public | 6.81 |
| 4 | Kotak Mahindra Bank | Private | 4.26 |
| 5 | Axis Bank | Private | 3.39 |
| 6 | Bank of Baroda | Public | 1.13 |
| 7 | Punjab National Bank | Public | 1.06 |
| 8 | Union Bank of India | Public | 0.91 |
| 9 | Indian Overseas Bank | Public | 0.80 |
| 10 | Canara Bank | Public | 0.79 |
By Asset Wise, State Bank of India is the largest bank in India having assets worth ₹69 lakh crore. HDFC Bank has assets worth ₹36.17 lakh crore.
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