If you check out the list of the largest banks in India as of 2025, you’ll see that HDFC and ICICI Bank rank as the two top banks in the country at the moment. Where HDFC Bank will take the spot as THE BIGGEST bank in India as of 2025. When it comes to the regular people in the country, like when they have to make a selection in choosing the better bank, who do you think they choose? Is it HDFC? Or do they go with ICICI Bank? Well, in this department, both banks are kinda at the same height, but still, there are some differences that can help you decide which one is better for you. So come with us as we give you a detailed lowdown on the ICICI Bank Vs HDFC Bank, so you can decide on your own like which one is a better option. Alright, here we go then.
HDFC Bank
Let’s first talk a little bit about HDFC Bank, currently the largest bank in India, shall we? So, the first thing you should know is that HDFC isn’t a very old bank; it only started back in 1994. That’s like just a 3-decade-old bank, and if you compare it to other banks in the country, that feels like very new. And it is not just the BEST private bank in India at the moment, it ranks as the top one overall in the banking scene right here in the country.
When it comes to services, well, you won’t be missing out on literally anything because HDFC is a full-fledged bank that offers everything from savings accounts to loans, cards, insurance, and more. And want to know the best thing out of all? Well, it is a fact that even the RBI (Reserve Bank Of India) has given HDFC the “too big to fail” tag, which not a lot of banks have right here in India.
ICICI Bank
First of all, for those who don’t know, ICICI is actually short for Industrial Credit and Investment Corporation of India, which not a lot of people know that it was a government institution when it started out back in 1955. Over the years, things happened, and now ICICI Bank actually is the 2nd biggest private sector bank in the country.
Talking about the services part, well, that’s pretty similar to HDFC as well, like ICICI Bank offers literally every banking service you can imagine, you know, everything from personal banking to investment services. Though one unique thing here is that ICICI Bank has branches in about 11 countries around the world. On top of that, we want you to know another interesting thing about ICICI Bank, and that is the fact that it was the first ever bank to introduce internet banking in India back in 1996.
ICICI Bank Vs HDFC Bank
Now let’s see the key points based on which you can decide which bank is the best among these. Shall we?
1. Money Talk Aka Who’s Making More?
Well, when we’re talking about money, because these are banks, there are so many metrics to talk about, like revenue, profit, total assets, and many more other things.
First, talking about the revenue, well, HDFC Bank clearly wins this round because they generated about ₹407,994 crore back in 2024. ICICI Bank? Oh, for them, the revenue part was just ₹236,037 crore. And just like that, when we talk about the total assets owned by the bank, HDFC Bank once again wins the round with a mind-boggling number of ₹36.17 lakh crore worth of assets, whereas ICICI Bank’s total assets were worth just ₹2,364,063 crore as per 2024’s data.
Just like that, there are a lot of financial metrics to talk about, but for now, you should know about these important ones, otherwise, we would be talking all day.
2. Stocks & Shares
Oh, in the share department, once again, we have a clear winner, and it is HDFC bank as of 28th March 2025. Why? Well, if you look at the share price of these two banks, HDFC Bank’s share price is trading at 1,825.50 INR, whereas on the same day, ICICI Bank’s share price is at 1,348.00 INR.
Talking about the market cap though, in the case of HDFC Bank, it is a HUGE 13.99 trillion INR, whereas ICICI’s market cap is just 9.60 trillion INR. This should give you a clear picture of which bank is doing financially well in India right now, correct?
3. Tech Battle
In this particular segment, we must say that ICICI Bank is doing much better with its amazing online banking options, such as its iMobile Pay app and its InstaBiz app for businesses out there. And if you want to experience the digital banking experience at the fullest with ICICI Bank, then you can try out their ICICI Stack platform.
Sure, HDFC Bank is doing decent too like as per their Digital 2.0 strategy. But still, ICICI Bank is much better at this tech advancement scene at the moment.
4. Which One’s Better to Work At?
If we go with the 2024 data, it is HDFC bank that has more employees, like 213,527 employees. And ICICI? Oh, well, they also had enough employees like about 1,35,900. And when it comes to which one is better to work at, well, both banks pay super well and take care of their employees, but if you go by the popular opinion, people say that ICICI Bank is the one because it is known for more internal movement.
5. Customer Service & Day-to-Day Banking
Once again, HDFC clearly wins this segment as well because they have 9,143 branches and 21,049 ATMs across India, and usually, their customer service is just top notch. Though, ICICI Bank is not very far behind with 6,854 branches and 16,345 ATMs.
6. Any Bad History?
While HDFC didn’t have any major controversies in the past, ICICI Bank was certainly involved in some, like back in the day when it was facing criticism for harsh loan recovery methods, and one time when their former CEO, Chanda Kochhar, was a facing a a fraud case and then he went on to resign.
