Top 10 Private Banks in India – Best Picks for 2025

India’s banking system is transforming fast! With more people looking for better services, top private banks in India are stepping up to meet these needs. The rise of digital banking is also making it easier for everyone to access financial services. For example, the Indian fintech industry is expected to grow from $111 billion to $421 billion by 2029! Because of these changes, many people are choosing private sector banks in India for their convenient and reliable services. To help you find the right one, we’ve compiled a list of the top 10 private banks in India for 2025. These institutions have earned their reputation by providing excellent service and customer satisfaction.
Let’s take a closer look at the top 10 private banks in India- 2025!
Introduction to Private Banks in India (2025 Overview)
Private sector banks in India are financial institutions owned and operated by private individuals or corporations. The top private banks in India focus on providing efficient and transparent services. One of the key aspects of private banking is offering clients guidance on effective financial management. Their services often include estate planning, tax preparation, loans, credit cards, investment options, etc.
Private banks in India have a great history!
Before India gained independence, banking was chaotic and disorganised. However, after independence, especially in the 1990s, when the government relaxed rules, private banks came into the limelight. This change allowed them to introduce modern banking methods.
Now, the top private sector banks are introducing advanced technologies.
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Many people prefer private banks over public banks for their personalised services and quicker response times. These top private banks in India lead the digital banking industry.
Do you know how many private banks are in India?
As of August 2025, the latest private bank list in India includes 21 private bank names.
List of Private Banks in India- 2025
Here is the updated list of private-sector banks in India as of August 19th, 2025.
Bank Names- Private Sector Banks in India |
Axis Bank, Bandhan Bank, CSB Bank, City Union Bank, DCB Bank, Dhanlaxmi Bank, Federal Bank, |
HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank, IndusInd Bank, Jammu and Kashmir Bank, |
Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Nainital Bank, |
RBL Bank, South Indian Bank, Yes Bank |
Now, out of all these, which is the best private bank in India?
Let’s explore the list of top private banks in India to help you decide!

Source: Data from Screener.in, as of August 19, 2025 – Top 10 Private Banks in India by Market Capitalisation.
Here is the latest list of top 10 private banks in India as of August 2025.
S.No. | Name | Year | Location | P/E | Market Cap (Rs. Cr.) |
1 | HDFC Bank | 1994 | Mumbai, Maharashtra | 21.79 | 15,34,949.15 |
2 | ICICI Bank | 1994 | Vadodara, Gujarat | 19.36 | 10,25,229.17 |
3 | Kotak Mah. Bank | 1985 | Mumbai, Maharashtra | 20.98 | 4,02,638.98 |
4 | Axis Bank | 1993 | Mumbai, Maharashtra | 12.13 | 3,38,067.15 |
5 | IDBI Bank | 1964 | Mumbai, Maharashtra | 12.16 | 95,857.70 |
6 | IndusInd Bank | 1994 | Pune, Maharashtra | 52.35 | 61,459.80 |
7 | Yes Bank | 2004 | Mumbai, Maharashtra | 21.97 | 60,198.13 |
8 | IDFC First Bank | 2015 | Mumbai, Maharashtra | 39.94 | 51,868.70 |
9 | Federal Bank | 1931 | Kerala | 12.07 | 48,855.11 |
10 | Bandhan Bank | 2015 | Kolkata, West Bengal | 13.54 | 27,837.58 |
Detailed List of Top 10 Private Banks in India 2025 – HDFC, ICICI, Kotak and More:
Let’s explore the leading private banks in India for 2025, from HDFC and ICICI to Federal Bank and more. We will compare their services, growth, and role in shaping the country’s banking sector.
HDFC Bank- Top Private Bank in India by Market Cap
NSE Code: HDFCBANK | BSE Code: 500180
HDFC Bank was formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC). It ranks first among the top private banks in India.
Incorporation Date: August 1994
Commencement of Operations: January 1995
- As of June 30, 2025, the Bank had 9,499 branches and 21,251 ATMs spread across 4,153 cities and towns.
- It has four international branches- Hong Kong, Bahrain, Dubai, and an IFSC unit at GIFT City in Gujarat.
- It also has five representative offices in Kenya, Abu Dhabi, Dubai, London, and Singapore.
HDFC is the largest private bank in India on the private bank list.
ICICI Bank- Ranked No. 2 Among Top Private Banks in India
NSE Code: ICICIBANK | BSE Code: 532174
ICICI Bank ranks 2nd on the list of top private banks in India.
It earns recognition as one of the best private banks due to its diverse offerings.
This includes:
- Savings accounts
- Fixed deposits
- Recurring deposits
- Car loans
- Two-wheeler loans
- Home loans
- Credit cards
- Personal loans
Founded in 1994, it emerged as a subsidiary of the ICICI (Industrial Credit and Investment Corporation of India).
Performance Review: Key Highlights for Q1-2026
- The Bank’s profit before tax grew by 11.4%.
- Core operating profit was ₹175.05 billion.
- Profit after tax jumped 15.5% to ₹127.68 billion.
- Average deposits grew by 11.2% year-on-year
- Savings account deposits were up 7.6% year-on-year.
Kotak Mahindra Bank- Ranked No. 3 Among Private Sector Banks in India
NSE Code: KOTAKBANK | BSE Code: 500247
It ranks third on the list of top private banks in India.
Kotak, one of the top 10 private banks in India, emerged in 2003 as a result of the merger of Kotak Mahindra Finance Limited, a non-banking finance company, and two Kotak Group companies.
One of the best private banks in India, Kotak, has unique offerings.
These include:
- Credit card offers
- Debit card benefits
- A variety of savings and investment products
Key Highlights as of August 2025:
- Profit after tax (PAT): Rs. 3,282 crore
- Deposits: Rs. 5,12,838 crore
- Number of customers: 5.4 crore
- Bank branches: 2,154
Axis Bank- Ranked No. 4 Among Top 10 Private Banks in India
NSE Code: AXISBANK | BSE Code: 532215
Axis Bank, established in 1993 as UTI Bank, is one of the largest private banks in India.
It currently ranks fourth on the private bank list in India. Axis offers numerous banking and financial solutions, including personal and business banking.
Retail banking products such as:
- Savings and salary accounts
- Fixed and recurring deposits
- Credit and debit cards
- Loans
- Forex services
- Investment options
Axis Bank Q1FY26 Highlights
- Employees: Over 103,400
- Credit Cards: 2.86 million cards in force
- Branches: 5,577 across India
- Operating Profit: Rs. 11,515 crore,
- Profit After Tax (PAT): Rs. 5,806 crore
- Domestic branches– 879
IDBI Bank- Ranked No. 5 Among Top 10 Private Banks in India
NSE Code: IDBI | BSE Code: 500116
Established in 1964, IDBI Bank currently ranks 6th among the Private Sector Banks in India. It started as a development finance institution.
IDBI provides a comprehensive range of products, including:
- Savings and current accounts
- Home and Auto loans
- Gold loans
- Banking services tailored to retail, MSME, and agricultural customers
- Digital banking services
Quarterly Results- Q1FY26
- Revenue: ₹8,498.53 crore
- Net Profit: ₹2,019.18 crore
- Net Profit Margin: 23.76%
- 1,928 branches and 3,334 ATMs
IndusInd Bank- Ranked No. 6 Among Top 10 Private Banks in India
NSE Code: INDUSINDBK | BSE Code: 532187
IndusInd Bank stands in the 5th position among the top 10 private banks in India. It has around 37 million customers nationwide.
It offers a variety of banking products, such as
- Savings and current accounts
- Credit cards
- Loans
- Vehicle loans
- Home loans
- Gold loans
IndusInd Bank – Q3 FY25 at a Glance
Net Profit: ₹604 crore
Deposits: ₹3,97,144 crore vs. ₹3,98,513 crore in Q1 FY25.
Branches / Banking Outlets: 3,110 (vs. 3,013 last year).
ATMs: 3,052 (vs. 2,988 last year).
Yes Bank- Ranked No. 7 Among the Top 10 Private Banks in India
NSE Code: YESBANK | BSE Code: 532648
It ranks sixth on the list of 10 best private banks in India. Yes Bank, founded in 2003, is one of the largest on the list of top private banks in India. It has a network of over 1,100 branches and 1,800 ATMs nationwide.
One of the best private bank in India, it offers multiple banking services, including:
- Bank accounts
- Deposits
- Cards
- Cash management
- Privilege banking
- Trade finance
- Non-Resident India (NRI) banking
- Institutional banking
- Merchant acquiring
- Digital banking and agricultural banking solutions
Highlights for Q1 FY 2026
- Profit After Tax (PAT): ₹801 crore
- Operating Profit: ₹1,358 crore,
- Named among India’s Best Workplaces in Banks 2025 (July 2025).
- Featured in India’s Top 50 Best Workplaces in BFSI 2025 (April 2025).
- Received a Special Mention Award in Fraud Prevention and Grievance Management.
IDFC First Bank- 8th Among the Top 10 Private Banks in India
NSE Code: IDFCFIRSTB
BSE Code: 539437
Formed in 2018 by merging IDFC Bank and Capital First, IDFC First Bank is one of the best private sector banks in India.
This private sector bank is known to highlight zero charges on commonly used savings account services. It also offers lifetime free credit cards with no minimum spending conditions.
Key Highlights of Q1 FY 26
- Customer deposits grew 25.5% YoY to ₹2,56,799 crore
- Credit cards in force: 3.8 million.
- 35.5 million customers served.
- 1,016 branches across India.
- Presence in 60,000+ cities, towns, and villages.
Federal Bank- No. 9 in the List of Top 10 Private Banks in India
NSE Code: FEDERALBNK | BSE Code: 500469
Federal Bank is a preferred top private bank in India for personal, NRI, and business banking across India’s urban and rural areas.
Federal Bank’s emphasis on digital capabilities and initiatives has led to an 86% share of digital transactions. Thus, positioning it as one of the best among the top private banks in India.
It offers a variety of products, including:
- Savings accounts
- NRE savings accounts
- Debit and credit cards
- Loans
- Investment options
- Insurance.
- Banking services for small businesses
Federal Bank Q1 FY 2025 Financial Highlights
Basis | Q1 FY24 | Q4 FY24 | Q1 FY25 |
Net Advances (₹ Cr) | 2,22,496 | 2,52,534 | 2,66,065 |
Total Deposits (₹ Cr) | 1,83,487 | 2,09,403 | 2,20,807 |
Resident Savings Growth | – | – | 4.3% QoQ |
Core Deposits Share | – | – | 98% of total deposits |
Average Deposit Growth | – | – | 7.1% QoQ, 20.6% YoY |
Return on Assets (RoA)* | 1.22% | 1.30% | 1.27% |
Return on Equity (RoE)* | 12.75% | 15.73% | 13.64% |
Profit per Employee | – | – | ₹ 26.54 lakh |
Business per Employee | – | – | ₹ 31.91 Cr |
Quarterly Net Profit (₹ Cr) | – | – | ₹ 1,010 Cr (Highest Ever) |
Bandhan Bank- Leading Private Sector Bank in India
BSE: 541153
NSE: BANDHANBNK
Bandhan Bank currently ranks 10th among the best private banks in India.
It started its journey on August 23, 2015. Not many of us may know, but it grew from an NGO to an NBFC and then into a universal bank.
As of August 19th, 2025, here is the financial overview-
- Market Cap: around ₹45,000+ crore (2025)
- Deposits: ₹1,54,666 crore (as of June 30, 2025)
- Advances: ₹1,33,625 crore (as of June 30, 2025)
- Banking Outlets: 6,305 across 35 states and union territories
- ATMs: 438 with voice guidance and braille support
- Employees: 73,000+
- Awards: 22 in 9 years
This ends our well-researched list of top private banks in India.
Now that you know the detailed features of top private banks in India 2025, it is time to learn a little extra about these private sector banks!
Technological Innovation in Banking: 2025 Trends to Watch
Banking in 2025 feels different from even a few years ago. The private banks we grew up knowing were measured by the size of their branches, the politeness of their staff, and the reach of their ATMs.
But now, they are being judged by something else entirely: how quickly they adapt to technology.
Customers no longer want to “visit” a bank. They expect the bank to exist wherever they are, inside a shopping app, a cab-hailing platform, or even their phone’s voice assistant.
What has really changed this year?
- AI in Banking
Chatbots are not just answering FAQs anymore. They are resolving complex queries, predicting what a customer might need next, and even cutting compliance reporting time by half. Fraud detection has improved as well.
- Banking that feels personal.
Instead of sending generic product offers, banks now use real-time transaction data to sense life events. A simple airline ticket purchase can trigger a timely travel insurance recommendation. This kind of personalisation was unimaginable a decade ago.
- Finance everywhere.
Whether it is buying groceries online or booking a cab, payments and small-ticket loans are embedded into platforms we use every day. This invisible layer of finance is making banks rethink how they reach customers.
AI-driven personalisation has reduced irrelevant offers by 35% and increased product uptake among customers. The global digital transformation in BFSI is expected to touch $108.51 billion in 2025 and grow to $419.45 billion by 2034.
Now, apart from the private banks in India, which other types of banks are in India?
Let us take a look!
Types of Banks in India
The following are the main types of banks in India:
• Central Bank
The Reserve Bank of India is the country’s central bank, which regulates the banking system and monetary policy.
It acts as the banker’s bank, the government’s bank, and the supervisor of the financial system. It also issues currency and controls the foreign exchange reserves.
• Commercial Banks
These are the banks that provide banking services to the general public and the business sector.
SBI, ICICI, Axis, etc, all these fall under the category of commercial banks.
They accept deposits, lend money, transfer funds, issue drafts, and offer other financial products and services.
They are further divided into public sector banks, private sector banks, foreign banks, regional rural banks, and local area banks.
• Cooperative Banks
These are the banks that operate on the principle of cooperation and mutual help.
They provide credit and banking facilities to the rural and agricultural sectors, small businesses, and low-income groups. The state governments and the RBI control and regulate their work.
• Small Finance Banks
These are the banks that cater to the financial needs of the unserved and underserved sections of society. This could be small farmers, micro and small enterprises, and low-income households.
• Payments Banks
These are the banks that offer limited banking services, such as accepting deposits up to Rs. 2 lakh, issuing ATM cards, and facilitating digital transactions.
They do not provide lending services or credit cards. They mainly target migrant workers, low-income households, and small businesses.
• Specialized Banks
These are the banks that focus on specific sectors or activities, such as industrial development, export-import, housing, infrastructure, etc. They provide long-term finance, technical assistance, and advisory services to their clients.
Some examples of specialised banks are:
- Industrial Development Bank of India (IDBI),
- Export-Import Bank of India (EXIM)
- National Housing Bank (NHB)
- NABARD- National Bank for Agriculture and Rural Development
Difference Between Public and Private Sector Banks
Public sector banks are banks in which either the central or state government holds the majority stake.
- They offer lower interest rates on loans and higher interest rates on deposits.
- They also provide banking services to the rural and remote areas.
However, they also face some challenges, such as low profitability, high non-performing assets, bureaucratic interference, and slow decision-making.
Private sector banks are banks in which private individuals and corporations hold the majority stake. These banks are registered under the Indian Companies Act and operate with more autonomy.
- They have a profit-oriented approach.
- They offer higher interest rates on loans and lower interest rates on deposits.
The following table summarises the difference between public and private sector banks:
Difference between Public and Private Sector Banks
Basis | Public Sector Banks | Private Sector Banks |
Ownership | Government | Private entities or individuals |
Number of banks | 12 | 21 |
Customer base | Large | Relatively small |
Interest rate on deposits | High | Marginally lower |
Interest rate on loans | Low | Marginally higher |
Pension | Yes | No |
Services | Basic and traditional | Advanced and modern |
Innovation | Low | High |
Customer satisfaction | Low | High |
Non-performing assets | High | Low |
Social responsibility | High | Low |
Top Private Banks in India- FAQs
The main types of banks in India include, the central bank, commercial banks, cooperative banks, regional rural banks, specialised banks, small finance banks, etc.
There are three main types of banks: retail banks for individuals, commercial banks for businesses, and investment banks for financial services.
Commercial banking serves a wide customer base with loans and deposits, whereas private banking offers personalised services to high-net-worth individuals.
Yes, private banks are suitable for international transactions as they provide services to meet the global financial needs of clients.
Private sector bank offers advantages such as superior customer service, innovative technology offerings etc.
HDFC Bank is the largest private bank in India, with a market cap of ₹1521556.41 crore as of August 20th, 2025.
The major types of banks in India include commercial banks, small finance banks, cooperative banks, payments banks, and foreign banks.
The top 5 private banks in India by market cap are HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and IDBI Bank. HDFC Bank leads with ₹1521556.41 Cr, as of August 20th, 2025.
Based on the market cap data as of August 20th, 2025, ICICI Bank is the second-largest private sector bank in India, with a market cap of ₹1521556.41 crore.
Source- Screener
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