List of 7 Private Banks In India 2025 | Updated Today

Banks are the safest option to save your money. It also plays an important role in economic development by allocating your funds to different resources. However, Indian banks are organized into different sub-groups, and each of these groups is distinct business sectors, working styles, and barriers. In addition, these banks are regulated by the Reserve Bank of India. Before moving to the private bank list in India, let’s dive into the different categories of banks.

What Are Private Banks in India?

These are commercial banks wherein citizens preserve most of the assets or equity. Initially, banks monopolized the Indian banking sector; however, after the 1990s, private sector banks emerged and expanded rapidly. The reason for their rapid gains was that they employed the newest tech, utilized current macroeconomic tools, and supplied contemporaneous innovations.

Private sector banks in India are classified into two divisions

1. Old Private sector banks (these banks emerged before 1968)
2. New Private sector banks (these banks emerged after the 1990s)

Types of Private Banks

1. Commercial Banks
These are the banks that are more common than others. They provide services such as loans, savings accounts, fixed deposits, etc. They help individuals and businesses with managing money.

Types of Commercial Banks:

Private Sector Banks – Mostly owned by private companies or individuals.

Public Sector Banks – Majority holding is by the government.

Regional Rural Banks (RRBs) – Set up to serve the rural sector.

Foreign Banks – Banks with their headquarters outside India but branches within the country.

2. Small Finance Banks
These types of banks are created to serve people who usually don’t get banking services- street vendors, small farmers, and tiny businesses. They work on the premise of basic banking facilities in distant and rural places while carrying the umbrella of financial inclusion.

3. Payments Banks
Think of these as digital-first banks. Payment banks accept deposits and let you make payments online or through apps but they just do not lend. Their goal is to simplify banking, especially to those without access to regular banks.

4. Cooperative Banks
These banks actually belong to the common man! Cooperative banks pool their resources from customers or members and run operations for their collective benefit. Usually, they service farmers, small traders, and people in rural areas.

Private Banks in India

Bank Name	Total Branches	Total ATMs	Headquarters City
HDFC Bank	9,455	21,139	Mumbai
Axis Bank Ltd	5,876	13,941	Mumbai
ICICI Bank	6,983	16,285	Mumbai
Kotak Mahindra Bank Ltd	2,148	3,295	Mumbai
Yes Bank	1000+	1,800	Mumbai
Induslnd Bank Ltd	2,015	2,886	Pune
Federal Bank	1,282	1,885	Aluva

Different Types of Banks in the Indian Banking System

There are three kinds of banks in India which are as follows:

• Public Sector Banks: It is classified as the public sector banks whose maximum shares are held by government agencies or banks such as the Reserve Bank of India.
• Foreign Banks: These banks are functional outside India.
• Private Sector Banks: They own the shares without regulation by government agencies.

List of Top Private Banks in India

Here are some of the top private banks in India.

1. HDFC Bank

It is believed to be one of India’s largest private banks in terms of overall assets and enterprise value. This is the first Bank that got in-principle authorization from RBI to demonstrate a bank in the private sector as a section of RBI’s liberalization of the Indian Banking Industry in 1994. As of today, the banking network is vast at the global level. There are over 8851 branches and more than 21,163 ATMs.The number of employees working at HDFC Bank is  214,521 as of march 2025

Attribute	Details
Founded	1994
Headquarters	Mumbai, Maharashtra
Chairperson	Atanu Chakraborty (Part-Time Non-Executive Chairman)
MD & CEO	Sashidhar Jagdishan
Revenue	₹1,31,454 Crore (FY25)
Customer Base	Over 157 Million Total Accounts
Number of Branches	8,851
Number of ATMs/Cash Recyclers	21,163
Net Interest Margin (NIM)	4.3% (FY25)
Gross NPA	1.36% (as of March 31, 2025)
CASA Ratio	48% (as of March 31, 2025)
Services Offered	Retail & Commercial Banking, Wholesale Banking, Insurance & Loans, Credit Cards, Investment Banking, Asset & Risk Management, Mutual & Index Funds

2. Axis Bank Ltd

Axis Bank was established in 1993, and its head office is in Mumbai. This bank has branches in 11 countries, including Singapore, Shanghai, Dubai, Colombo, Hong Kong, and Gift City-IBU. It is the third-largest private-sector bank in the country. Axis Bank’s name will be omitted from the list of private banks in India in 2022. Axis Bank has the most ATMs in the country, followed by ICICI and HDFC. The country has over 13,941 ATMs and 5,876 branches.

Attribute	Details
Founded	1993
Headquarters	Mumbai, Maharashtra
Chairperson	Shri Rakesh Makhija (Part-Time Non-Executive Chairman)
Asset Base	₹16,74,356 Crore (as of March 2025)
Revenue	₹1,31,454 crore (for FY25)
Number of Customers	Over 157 Million
Number of Branches	5,876
Number of ATMs/Cash Recyclers	13,941
Net Interest Margin (NIM)	3.44% (for Q4 FY25)
Gross NPA	1.28%
CASA Ratio	41%
Services Offered	Mortgage Loans, Retail Banking, MSME Banking, Wealth Management, Corporate Banking, Home Loans, Insurance, Digital Banking Services, Forex Services

3. ICICI Bank

ICICI has an extensive branch network throughout the country, with 6,983 branches and 16,285  ATMs. ICICI Bank was founded in 1994 and is headquartered in Vadodara, Gujarat. They provide a diverse range of financial products and assistance such as Fixed Deposits, loan repayments, health coverage, cash reserves and ongoing accounts, fortunate banking, and Credit Cards.

They create employment opportunities for even more than 85000 individuals across the country. In addition, ICICI Bank provides its clients with services through various delivery options and consolidated subsidiaries.

Attribute	Details
Founded	1994
Headquarters	Mumbai, Maharashtra
Chairperson	Mr. Pradeep Kumar Sinha (Non-Executive, Part-time)
Total Asset Value	₹26,42,241 Crore (as of March 31, 2025)
Revenue	₹1,07,768 Crore (for FY25)
Number of Customers	Over 157 Million
Number of Branches	6,983
Number of ATMs/Cash Recyclers	16,285
Net Interest Margin (NIM)	4.32% (for FY25)
Gross NPA	1.67% (as of March 31, 2025
CASA Ratio	38.4% (average for Q4 FY25)
Services Offered	Credit Cards, Savings Accounts, Family Wealth Account, Loans & Insurance, Investment Management, Wealth Management, Foreign Exchange Services, Social Security Schemes, Demat Accounts, Debt Management Services

Also Read: Top 7 Best Business Ideas In Punjab

4. Kotak Mahindra Bank Ltd

After acquiring ING Vysya Bank in 2015, it quickly became one of India’s most popular banks. It was founded in 1985 as Kotak Mahindra Finance Ltd, but later modified to Bank in 2003; it has gained tremendous prominence in private sector banks by providing amazing products.

They got the license from RBI and became the first non-banking funding organization in India to transform into a bank. Kotak Mahindra Bank has over 2,148  branches and 3,295  ATMs across 744 locations. Financial planning, wealth management, financial services, insurance products, life insurance, and other services are available. Their headquarters are located in Mumbai.

Attributes	Details
Founded	21 November 1985
Headquarters	Mumbai, Maharashtra
Chairperson	Mr. Prakash Apte (Non-Executive Independent Chairman)
Total Asset Value	Consolidated Customer Assets: ₹5,37,860 Crore (as of March 31, 2025) Total Assets Under Management: ₹6,69,885 Crore (as of March 31, 2025)
Revenue	Net Interest Income (NII): ₹28,342 Crore (for FY25)
Net Profit (PAT)	Standalone: ₹16,450 Crore (for FY25) Consolidated: ₹22,126 Crore (for FY25)
Net Interest Margin	4.96% (FY25)
Gross NPA	1.42%
CASA Ratio	43.0%
Number of Branches	2,148
Number of ATMs	3,295
Customer Base	Over 5.3 Crore (as of March 31, 2025)
Employees	over 116,000 employees
Services Offered	Credit Cards, Consumer Banking, Commercial Banking, Insurance, Loans & Advances, Deposits, National Pension Scheme, Treasury Products, Overdraft Facilities, Kotak Realty Fund, Investment Banking, Investment Management, Stockbroking (Kotak Securities)

5. Yes Bank

It ranks among the fastest-growing Indian banks because it provides excellent customer service. It began in 2004, and ever since then, individuals have been striving diligently on the expedition to become the finest quality biggest bank in India. Now, they have become a “Full-Service Commercial Bank” so much that other banking institutions look up to it.

The good thing about this financial institution is that it is extremely customer-centric and service-driven, and all these two qualities will assist it in transforming into one of India’s banking groups very soon. In addition, yes Bank provides various services and merchandise such as corporate finance, private equity, branch banking, etc.

Attribute	Details
Founded	2004
Headquarters	Mumbai, Maharashtra, India
Chairperson (Non-Executive, Part-time)	Mr. R Gandhi
MD & CEO	Mr. Prashant Kumar
Total Asset Value (Latest Available)	₹4.14 Lakh Crore (approx., based on FY24 data)
Revenue	₹14,801 crore
Net Profit	₹2,406 Crore
CASA Ratio	30.90%
Gross NPA	1.60%
Net Interest Margin (NIM)	2.5%
Number of Branches (Approx.)	1,192
Number of ATMs & Cash Recyclers (Approx.)	1,301+
Customer Base (Approx.)	Over 36 Million (as of March 2025)
Services Offered	– Retail Banking ,Corporate Banking , MSME Banking ,Investment Banking ,Transaction Banking , Treasury Services ,Wealth Management and more

6. Induslnd Bank Ltd

This is among the greatest private banks in India. They retained this title since they were influenced by the Indus Valley civilization, the world’s foremost ancient culture. Induslnd Bank offers excellent customer service and strives to guarantee that each service user is entirely satisfied.

IndusInd Bank also has headquarters in international locations such as Abu Dhabi, Dubai,  and London. They serve over 8 crore clients and recruit more than 25,000 people.

Attribute	Details
Founded	1994
Headquarters	Mumbai, Maharashtra, India
Chairperson	Mr. Sunil Mehta
MD & CEO	Likely Mr. Sumant Kathpalia (interim arrangement may be in place)
Total Advances (Mar’25)	₹3.47 Lakh Crore
Total Deposits (Mar’25)	₹4.11 Lakh Crore
Revenue (Q3 FY25)	₹7,583 Crore
Net Interest Income (Q3 FY25)	₹5,228 Crore
Net Profit (Q3 FY25)	₹1,402 Crore
Net Interest Margin (Q3 FY25)	3.93%
Gross NPA (Q3 FY25)	2.25% (as of Dec 31, 2024)
CASA Ratio (Mar’25)	32.8%
Liquidity Coverage Ratio (Mar’25)	136.2%
Number of Customers (Q3 FY25)	42 Million+
Number of Branches (Approx.)	2,728
Number of ATMs (Approx.)	2,939
Services Offered	Personal & Corporate Banking, NRI Banking, Forex Services, Loans & Deposits, Merchant Acquisition Products, Tax Payments, High-net-worth Individual Banking, Microfinance, Insurance, and Investment Banking.

7. Federal Bank – List of Private Banks in India

They have an intriguing tagline that perfectly describes their services: “A perfect banking partner.” They provide customers with the most cost-effective and comfortable banking solutions available. It was among the 1st traditional banks in India, which thus decided to make all its branches computerized as soon as internet technology started. They began operations in 1931 as Travancore Federal Banks and later switched to Federal Banks, which is now one of the leading private sector banks in India, which is now considered one of the best banks in India and a leading name among private sector banks.