If you just search the term “biggest banks in India” online, you’ll find out that it is actually private sector banks that are at the top of the ranks as of 2025. Like, you’d see HDFC and ICICI’s name on the first two spots, and then you’d see a public sector bank which is SBI. Like, in the top five ranks, there is only one public sector bank and we already told you which one that is. What does that tell you though? Yes, it simply means that private sector banks are doing super well, which simply means that India’s economy is also in good shape. So just like that, if you want to know a little more about these private sector banks, then just check out the list we have prepared for you today. What’s that? Oh, it’s a list of the top 10 biggest private banks in India as of 2025, so, let’s just get to it then.
1. HDFC Bank
Well even in 2025, yes, HDFC Bank still stands tall as the biggest private bank in India, boasting a jaw-dropping market cap of ₹12,94,094.99 crore. And if you think that’s just it, well, nah, you see, it has the largest branch network, with a whopping 8,851 branches and 20,938 ATMs spread all over the country. Currently though, HDFC Bank really stands out in the retail banking world thanks to its rock-solid digital infrastructure. Plus, the recent merger with HDFC Ltd. has only turbocharged its capabilities, making it an even bigger name.
2. ICICI Bank
ICICI Bank claims the runner-up spot with a market cap of ₹8,85,788.79 crore. Now, while it may be slightly behind HDFC in size, its network of 6,613 branches and 16,120 ATMs speaks volumes about its extensive reach, no two ways about that. You know like, this is an area where both regular customers and big corporations get to make use of shiny new digital services. Looking ahead to 2025, ICICI Bank has really stepped up its efforts to serve wealthy high net worth individuals with an expansion of their wealth management and investment banking efforts as well
3. Kotak Mahindra Bank
With a market capitalization of ₹3,79,880.34 crore, Kotak Mahindra Bank remains competitive, coming in at third spot on today’s list. Like, sure, it has a smaller branch network of 1,996 branches and 3,239 ATMs. But still, the amazing work this bank and the people working behind the scenes are putting in, is really showing, like right now, this bank is focusing heavily on wealth management, investment banking, and corporate finance.
4. Axis Bank
Axis Bank sits at number four with a market cap of ₹3,08,515.22 crore, and that number right there is no less impressive. Right now, as of 2025, with 5,100 branches and 15,000 ATMs at your service, this bank is known for its aggressive digital push, you know like, recently, launching several AI-powered solutions to ramp up customer experience. Its robust corporate banking division and a keen focus on retail lending have kept it on a steady growth path.
5. IDBI Bank
In the listed banks, this one holding the 5th spot as per market cap value is IDBI Bank with a value of ₹84,943.98 crore. In recent times though, sure enough, LIC’s backing and the government’s supporting policies helped it get rid of its rocky past and help in making a comeback, a full 180 degrees. Like, right now, the bank operates through 2,036 branches and 3,269 ATMs and has focused primarily on retail and MSME lending.
6. IndusInd Bank
In position 6 with a market cap value of ₹78,606.31 crore, IndusInd Bank is yet another one on the list coming from Pune. As of 2025 though, just like the other banks on the list, it has a client-first policy with an emphasis on digitalization, which undoubtedly adds to the overall branding. And just as a matter of fact, well, IndusInd also has 3,040 branches and 3,011 ATMs located all around the country providing retail and corporate banking services, just know that for now.
7. Yes Bank
In the banking sector, Yes Bank currently holds the seventh position with a market cap of ₹59,507.75 crore. Sure, we get it, the bank did face some difficulty financially, but it has managed to get back to things once again by balancing its operations and perfecting its loan portfolio, you know? Like, as of 2025, it has more than 1,192 branches and 1,301 ATMs and is expanding its digital banking services by introducing new mobile services and innovative payment solutions too.
8. IDFC First Bank
Up next, well, the new IDFC First Bank, ranked eighth with a market capitalization of ₹45,410.48 crores, made a big splash during the merger of IDFC Bank and Capital First. It has concentrated on retail banking and operates from 897 branches famous for zero-fee savings accounts and lifetime free credit cards, you know? For now, though, the bank offers competitive interest rates and flexible repayment options which is helping in the growth of its home and personal loan segments.
9. Federal Bank
Federal Bank, with a market cap of ₹45,112.35 crore, is surely one of the most trusted names in private banking in the country. No two ways about the fact that with its headquarters situated in Kerala, this financial institution has been serving its Indian public through 1544 branches and 2045 ATMs spread across India.
10. AU Small Finance Bank
AU Small Finance Bank is the last institution to make the top ten list for India’s market cap at ₹44,706.07 crore, and you may be a little surprised to see an SFB on this list, but that’s how it is. And right now? Well, as of 2025, the company serves the general public through its 1015 active branches and especially targets their attention towards affluent rural areas. And this is just awesome to see how such a small bank made it this big.
Conclusion
There you have it. These had to be the biggest private banks in India, so much so that even an SFB has made it to this list. This is ultimately a good sign that the banking services are also being accessed from the rural parts of the country. So, that’s that!
