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List of 21 Private Banks of India (2023)

Looking for the best private sector banks? Here is the complete list of the best private banks in India with all the crucial details about them.

Before the system of money came into existence, people exchanged goods for services or products as a method of payment. But this system had several flaws like the quantization of goods that were being negotiated as barter. And that is how the system of currency came to light.

Banks create the supply of money in the economy. As you can imagine, this is a powerful tool for economic expansion. To ensure proper conduct, the Apex Bank (Reserve Bank of India) controls this as well.

Banking consists of many activities that can be done through a number of financial institutions that accept deposits from individuals and other entities, and then use this money to offer loans and to invest and earn profit.

Banks can be placed into certain categories based on the type of business they conduct. Commercial banks provide services to private individuals and businesses. Retail banking provides credit, deposit, and money management to individuals and families.

In this day and age, if you have money, you ought to have a bank account. The banking system plays a major role in promoting economic growth through efficient resource distribution. Banks boost the economy by turning your savings into investments that help fund many private and public ventures.

Related: List of Best Nationalised Banks of India

List of 21 Best Private Banks of India

Not only do banks help you grow capital and invest in mutual funds, but they also work as an excellent security system to keep your money safe. Let’s read about some of the best private banks in the country that will help you manage your finances.

So without any ado, let’s take a deep look at all the best private banks of India in 2023.

1. HDFC Bank

HDFC Bank Logo used in the list of  Private Banks of India | BizApprise

HDFC Bank Limited, headquartered in Mumbai, has 5,103 branches and 13,160 ATMs in 2,727 cities in India. HDFC stands for Housing Development Finance Corporation Limited. The bank is also the biggest private bank in India.

AsiaMoney named HDFC Bank the best digital bank in India. This banking and financial services company employs 98,061 people permanently. The total NPA for HDFC is 1.36%.

Their slogan itself is ‘We understand your world’ and they fully live up to it by providing exceptional client service. HDFC is one of the best-performing banks and one of the 100 most valuable brands in the world.

The market capitalization of this private bank in 2022 is Rs. 617,499 crores.

  • Revenue: Rs. 359,695 crore
  • NIM: 4.2%
  • Gross NPA: 1.36%
  • ATMs: 18,130
  • Branches: 6,378

2. ICICI Bank

ICICI Bank Logo used in Private Banks of India | BizApprise

ICICI Bank is the second largest private bank in India which was established in 1994 and is based in Vadodara, Gujarat. They offer a wide range of financial products and services including term deposits, loans, insurance, savings and checking accounts, secure banking, and credit cards.

With total accumulated assets of INR 14.76 trillion in 2020, it is the second-largest private bank in India. ICICI has an extensive network of chapters nationwide. They vow security ways to oversee ledgers and cards, proficient utilization of present-day financial innovation, the ability to stay away from misrepresentation, and a lot more advantages!

  • Revenue: Rs. 157,536 Cr
  • NIM: 4.00%
  • Gross NPA: 3.41% ATMs: 13,379
  • Branches: 5,534
  • ATMs: 13,379

3. Axis Bank

Axis Bank Logo used as reference in the list of Private Banks of India | BizApprise

Axis Bank is India’s third largest private bank in India (source: Axis Bank website), providing a complete scope of monetary administration for both retail and corporate banking. It operates through its Treasury, Retail Banking, Corporate or Wholesale Banking, and Other Banking segments.

Government bonds include investments in government bonds, corporate bonds, equity and mutual funds, trading, derivatives, proprietary and retail FX trading, and concentrated lending.

The Retail Lending portion furnishes individual or independent company advances with concentration, products, and granularity and also includes lower-quality personal exposures that do not exceed thresholds.

  • Revenue: Rs. 86,114 crores
  • NIM: 3.6%
  • Gross NPA: 2.82%
  • Branches: 4,758
  • ATMs: 10,990

4. Kotak Mahindra Bank

Kotak Bank Logo used for representing purpose | BizApprise

Kotak Mahindra Bank Limited is arguably one of the best private banks of India based in Mumbai, India. It gives financial banking services company and individual customers within the league of private finance, funding purposes, insurance coverage, and wealth management.

They have been licensed by RBI to become the first non-bank financial company to convert to a bank in India. They have four main units: Consumer Banking, Corporate Banking, Commercial Banking, and Treasury. They serve both the rural and urban retail and corporate sectors of the country.

  • Revenue: Rs. 56,703 crores
  • NIM: 4.92%
  • Gross NPA: 2.24%
  • Branches: 1,700
  • ATMs: 2,705

5. IndusInd Bank

IndusInd Bank Logo in Private Banks in India | BizApprise

IndusInd Bank is one of the best new-generation private banks of India. It had been established in 1994 and began operating with a capital of Rs 10 crore. IndusInd Bank Limited has 2000 branches and 2,605 ATMs across India(as of 2022).

Most of their offices are located in Mumbai (headquarters), New Delhi, and Chennai (Tamil Nadu). It is a fairly new-generation bank with a large range of banking operations. They provide services including loans, deposits, accounts, microfinance, insurance, and investments.

  • Revenue: Rs. 24,154 Cr
  • NIM: 4.05%
  • Gross NPA: 2.15%
  • Branches: 2,000
  • ATMs: 2,605

6. Yes Bank

Yes Bank Logo used for reference | BizApprise

Yes Bank is one of the top-notch private banks of India that has been recognized as one of the fastest-growing banks on various charts in the Indian Banking League by reputable media houses and global consulting firms and is a leading provider of corporate investment banking, treasury, and transactional services.

It has won multiple national and international awards in various business areas such as banking and sustainability. The good thing about this bank is that it is a very customer-friendly and service-oriented bank.

  • Revenue: Rs. 20,269 Cr
  • NIM: 2.8%
  • Gross NPA: 5.01%
  • Branches: 1,120
  • ATMs: 1,450+

7. Federal Bank

Federal Bank Logo | BizApprise

Federal Bank (India) is a holding company providing banking and financial services. The Treasury segment includes government and corporate debt, equity and mutual fund trading and investments, derivative trading, and proprietary, and client foreign exchange trading.

The Corporate and Wholesale Banking segment gives credits and other monetary perks to corporate and various clients. The Retail Banking segment includes loans and other banking services for personal and small business customers.

The Federal Bank has set its sights on becoming one of India’s most admired and well-trusted banks, and from its amazing services, it looks like this will happen soon.

  • Revenue: Rs. 15,142.16 crores
  • NIM: 2.69
  • Gross NPA: 2.80%
  • Branches: 1,272
  • ATMs: 1,948

8. IDFC First Bank

IDFC Bank Logo used inPrivate Banks of India | BizApprise

Originally, IDFC was established in 1997 to finance infrastructure, with its primary focus being project finance and mobilizing funds for private sector infrastructure development. In 2005 they extended the business and then in 2013 applied for a banking license with RBI.

IDFC First Bank Personal Loan is available for both employees and self-employed. Loans are readily available, but you should be aware of the interest rates offered. This is because it can be as high as 23%. Applicants with good credit can obtain loans at competitive interest rates.

  • Revenue: Rs. 5,777.35 Crores
  • NIM: 3.15%
  • Gross NPA: 2.63%
  • Branches: 503
  • ATMs: 732

9. South Indian Bank

South Indian Bank used as reference in Private Banks of India | BizApprise

South Indian Bank Limited is one of the leading private banks of India headquartered in Thrissur, Kerala, India. South Indian Bank has 933 branches, 4 service branches, 1 branch, and 18 regional offices across India.

With its excellent service and excellent network, it has become a trusted way of banking for Indian citizens. The transparency with which they work is commendable. Their main motivation is to provide people with reliable, efficient, and service-oriented financial support, and to obtain loans at reasonable interest rates.

  • Revenue: Rs 1,50,957 crores
  • NIM: 2.52%
  • Gross NPA: 5.90%
  • Branches: 933
  • ATMs: 1,165

10. Bandhan Bank

Bandhan Bank Logo as Private Banks in India | BizApprise

Bandhan Bank, established on August 23, 2015, provides banking and financial services. It operates through its Treasury, Retail Banking, Corporate and Wholesale Banking, and Other Banking segments. The Treasury segment includes investments in government securities and commercial activities, as well as Central Financial Units.

Their banking solutions are excellent, offering financial services in the form of assets, products, and services. The main services they provide to their customers include banking services, microfinance, MSMEs, and affordable housing finance for urban, semi-urban, and rural customers.

Putting resources into the most elevated evaluated AAA term stores evaluated by ICRA and CRISIL is a solid venture and a valuable open door. Accordingly, Bandhan Bank fixed stores are protected as the assets are upheld by the public authority no matter the bank’s ongoing circumstances.

  • Revenue: Rs 16,694 crores
  • NIM: 10.45%
  • Gross NPA: 7.25%
  • ATMs: 487
  • Branches: 1,147

11. CSB Bank

CSB Bank Logo | BizApprise

Catholic Syria Bank (CSB) is one of the oldest private banks in India and is headquartered in the Thrissur district of Kerala. The bank currently has a customer base of over 1.6 million. CSB Bank has managed to gain the trust of its clients by consistently staying true to its policy claims and providing top-notch customer services.

The breakdown of the Travancore National Quilon Bank in 1938, trailed by the Palai Central Bank in 1960, hit the multiplying banks and monetary foundations, particularly in Kerala, leaving a significant number of them in ruins. During this time, many small banks nearly breakdown, shattering public certainty, and a course of solidification resulted.

  • Revenue: Rs 1,617.49 crores
  • NIM: 5.17%
  • Gross NPA: 1.79%
  • Branches: 560
  • ATMs: 390

12. City Union Bank

City Union Bank Logo | BizApprise

City Union Bank Limited is an Indian private bank headquartered in Kumbakonam, Tamil Nadu. The bank was originally named Kumbakonam Bank and was incorporated on October 31, 1904. Bank preferred role of a local bank in Thanjavur district of Tamil Nadu.

It is one of the main private banks in India that offers various administrations to its clients, for example, retail banking, endeavor banking, credits, MSMEs, NRI banking, gold advances, as well as the necessities of agriculture and educational ventures.

They have strived hard to get to the heights they are on today, by offering the best of services to their client base countrywide.

  • Revenue: Rs 2,944.21 crores
  • NIM: 4.12%
  • Gross NPA: 4.65%
  • Branches: 725
  • ATMs: 1,762

13. DCB Bank

DCB Bank Logo | BizApprise

DCB Bank is a new-generation private bank of India with 400 branches (as of 10th April 2022) across India. This is a proposed commercial bank regulated by the Reserve Bank of India. It is professionally managed and headquartered in Mumbai, Maharashtra.

DCB Bank has deep roots in India since its inception in the 1930s. Its promoters and group of promoters, the Aga Khan Economic Development Fund (AKFED) and Platinum Jubilee Investments Ltd. hold less than 15%.

DCB Bank’s business segments are Retail, Micro SMEs, SMEs, Medium Enterprises, Agriculture, Commodities, Government, Public Sector, Indian Banks, Cooperative Banks, and Non-Banking Financial Companies (NBFCs). DCB Bank has approximately 950,000 customers.

  • Revenue: 3,961.84 Cr.
  • NIM: 3.56%
  • ATMs: 112
  • Branches: 400
  • Gross NPA: 4.32%

14. Dhanlaxmi Bank

Dhanlaxmi Bank Logo | BizApprise

Since its founding on November 14, 1927, Dhanlaxmi Bank has maintained trust and goodwill with its customers. An enterprising entrepreneur established this bank in Thrissur with a capital of Rs. 11,000.

Whether as far as the number of clients, the extent of business, the broad spectrum of services they offer, the financial experience, or the trust individuals place in them, they have consistent customer-centric around altering their administrations and customizing connections.

Dhanlaxmi Bank is recognized by RBI. They strive to keep up with the latest technological innovations. In 2015, they launched an online banking option called “Dhan Smart” to simplify transactions for customers.

  • Revenue: Rs. 1,086 crores
  • NIM: 3.21%
  • Gross NPA: 3.9%
  • Branches: 181
  • ATMs: 112

15. IDBI Bank

IDBI Bank Logo | BizApprise

IDBI Bank Ltd. provides commercial banking services to individual and corporate customers. It operates in the Corporate and Wholesale Banking, Retail Banking, and Treasury segments.

The Corporate and Wholesale Banking segment includes corporate relationships covering non-retail banking deposit and lending activities, as well as corporate advisory and syndication, project valuation, and investment portfolios.

The Retail Banking segment includes lending and deposit-taking activities primarily for individuals and small businesses, including senior sector lending. In keeping with today’s changing world and needs, they can keep up with the latest technology and offer a unique range of digital services that fit well into their India-wide network of branches and ATMs.

  • Revenue: Rs. 24,504 crores
  • NIM: 2.87%
  • Gross NPA: 23.52%
  • Branches: 1,892
  • ATMs: 3,683

16. Jammu & Kashmir Bank

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J&K Bank is a local bank of Jammu & Kashmir and Ladakh which have branches all over India. Established in 1938, it is one of the oldest private banks.

This is also listed on NSE and BSE and follows all the guidelines mentioned by RBI. The only difference is they do mass lending in home territory and niche lending in PAN India.

The bank has a wide network of branches across the country and provides a variety of products and services to cater to the needs of its customers.

J&K Bank offers a unique range of products and services that are designed to meet the specific needs of its customer base. The bank has a strong focus on customer service and provides a number of channels through which customers can contact the bank.

  • Revenue: Rs. 8,830.40 crores
  • NIM: 3.86%
  • Gross NPA: 1.69%
  • Branches: 957
  • ATMs: 1,386

17. Karnataka Bank

Karnataka Bank Logo | BizApprise

Karnataka Bank is a leading public sector bank in India with a strong commitment to providing innovative banking products and services to its customers.

The bank has a wide network of branches and ATMs across the country and offers a variety of digital banking channels for its customers. Karnataka Bank is also a major player in the agricultural finance sector and has a strong focus on MSME lending.

  • Revenue: Rs. 7,092.33 crores
  • NIM: 3.08%
  • Gross NPA: 3.97%
  • Branches: 919
  • ATMs: 1,026

18. Karur Vysya Bank

karur vysya bank logo

Karur Vysya Bank – Established in Karur in 1916 by two great visionaries and prominent sons of Karur, the late Shri M.A. assisted. A manufacturing town in Tamil Nadu. With a lot of effort and precision, they have 782 branches and 1685 ATMs in 20 states and 3 federal territories.

They offer millions of customers a wealth of financial services under one roof. Karur Vysya Bank was established in 1916 in Karur, a town with a farming foundation, by two renowned children, Sri M.A. Venkatarama Chettiar, and Sri Athi Krishna Chettiar. What started as a venture with a seed capital of Rs. 1.20 Lakh has grown into a leading financial institution, offering a wide range of financial services to millions of customers under one roof.

  • Revenue: Rs. 5,443.41 crores
  • NIM: 3.44%
  • Gross NPA: 2.99%
  • Branches: 782
  • ATMs: 1,685

19. Nainital Bank

Nainital Bank Logo | BizApprise

Nainital Bank Limited was established in 1922 and is one of the best private banks in India that serve the banking needs of the people of this region. In 1973, the Reserve Bank of India appointed Baroda Bank, a major state-owned bank, to manage its Nainital Bank Limited operations.

The bank currently operates 166 branches in 5 states: Uttarakhand, Uttar Pradesh, Delhi, Haryana, and Rajasthan. All branches of Nainital Bank operate on the CBS platform.

Some of the main services they offer include RTGS, NEFT, SMS alerts, his RuPay ATM with a debit card, NainiNet internet banking, and mobile banking features. To act as a customer-centric national bank and be the bank of choice for its products, services, technology, efficiency, and finance.

  • Revenue: Rs 612.09 crores
  • Branches: 166
  • NIM: 2.98%
  • ATMs: 145,270
  • Gross NPA: 4.89%

20. RBL Bank

RBL Bank Logo | BizApprise

RBL Bank Ltd. operates as a designated commercial bank. It operates through the following segments: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Development Banking, Financial Inclusion, and Agribusiness Banking. The Corporate & Institutional Banking segment covers the banking needs of corporations, businesses, and especially large corporations.

The Development Banks and Financial Inclusion segment provides financial services to the developing and rural areas of India, which were generally inaccessible to financial products and services. The Agribusiness Banking segment is engaged in agricultural and related activities.

Employees are the pillars and shareholder value is the center. To achieve all of these, we provide the best products and services and provide a comfortable working environment for our employees.

  • Revenue: Rs. 12,000 million
  • NIM: 4.36%
  • Gross NPA: 4.40%
  • Branches: 502
  • ATMs: 414

21. Tamilnad Mercantile Bank

TMB | BizApprise

TMB Bank Public Co., Ltd. is engaged in commercial banking. He operates in two segments, Commercial Banking, and Retail Banking. The Commercial Banking segment operates through its two business units, Wholesale Banking, and Small Business.

They are remarkable in different monetary administrations, for example, Internet Banking, Mobile Banking, Tab Banking, Loans, Fixed Deposits, and Online Bill Payments. They have the vision to open more branches to serve more people by offering these organizations at the most sensible expenses.

  • Revenue: Rs. 4,253.40 crores
  • NIM: 3.03%
  • Gross NPA: 1.69%
  • Branches: 509
  • ATMs: 1,131

End Words on List of Best Private Banks in India

In conclusion, this is a list of private banks in India, consisting of 21 large and reputable banks. They were all excellent in some or the other services. The financial services you need are totally up to you, comparing both pricing and policy transparency before deciding which bank to use is a wise move in the direction of your financial growth and freedom.

HDFC has been on top of the list with respect to revenue and assets among all the others. We hope you got useful insights from this article about 21 top private banks, some people might prefer ICICI to Yes Bank due to policy differences or branches nearby.

Needless to say, you have to choose your bank according to your financial preferences. We would love to know your views about your thoughts on this topic.


Aayush has 7+ years of experience in content writing and leads cybersecurity and the latest technologies including Web 3.0 for TechApprise, an educational hub for online security, startups, apps, and more. With a background in digital marketing, Aayush also helps brands create digital experiences and build their businesses through organic search.

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