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Top 10 Private Banks in India – Best Picks for 2026
Author
Shoonya Team
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. To help you find the right one, we’ve compiled a list of the top 10 private banks in India for 2026.
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 for 2026.
What are the Private Sector Banks
Private sector banks are financial institutions where the majority of equity or share capital is held by private individuals or corporations rather than the government. While they must comply with Reserve Bank of India (RBI) regulations, 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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Do you know how many banks are private in India?
As of February 2026, the latest private bank list in India includes 21 private bank names.
Which is the largest private bank in India?
As of February 2026, HDFC is the largest private bank by market capitalisation.
Do you know which 5 banks are privatised recently?
The Indian government has recently fast-tracked the privatisation process by planning to offload stakes in UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank.
List of Private Banks in India- 2026
Here is the updated list of private-sector banks in India as of February 9th, 2026.
| 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 top private bank in India?
Let’s explore the list of top private banks in India to help you decide!
Here is the latest list of the top 10 private banks by market capitalisation as of February 2026.
| Rank | Bank Name | Foundation Year | Headquarters Location | Market Capitalisation (₹ Crore) |
| 1 | HDFC Bank | 1994 | Mumbai, Maharashtra | 14,40,555.62 |
| 2 | ICICI Bank | 1994 | Mumbai, Maharashtra | 9,94,526.93 |
| 3 | Kotak Mahindra Bank | 2003 | Mumbai, Maharashtra | 4,25,205.38 |
| 4 | Axis Bank | 1993 | Mumbai, Maharashtra | 4,17,230.70 |
| 5 | IDBI Bank | 1964 | Mumbai, Maharashtra | 1,11,932.53 |
| 6 | IDFC First Bank | 2018 | Mumbai, Maharashtra | 72,865.87 |
| 7 | IndusInd Bank | 1994 | Mumbai, Maharashtra | 71,939.84 |
| 8 | Federal Bank | 1931 | Aluva, Kerala | 70,856.89 |
| 9 | Yes Bank | 2004 | Mumbai, Maharashtra | 67,715.79 |
| 10 | Karur Vysya Bank | 1916 | Karur, Tamil Nadu | 31,073.24 |
Source: Data as of February 9th, 2026, retrieved fromScreener.in – Top 10 Private Banks in India by Market Capitalisation.
What are the Top 10 Private Banks in India 2026 – HDFC, ICICI, Kotak and More
Here’s an overview of the top 10 banks by market cap in India (private banks list).
HDFC Bank, ICICI Bank, and Kotak Mahindra Bank are the top 3 private banks in India.
Do you know what is the most expensive private bank in India?
HDFC Bank is the most expensive and valuable private bank in India. It holds the highest market capitalisation among private sector banks, exceeding ₹14 lakh crore.
HDFC Bank- Top Private Bank in India by Market Cap
NSE Code: HDFCBANK | BSE Code: 500180
HDFC Bank is the largest private sector bank in India by market capitalisation, standing at ₹14,40,555.62 crore. It has built its reputation on consistency, strong risk management, and a wide range of everyday banking products. The bank offers savings and current accounts, deposits, loans, credit cards, and investment solutions through one of the largest branch and digital networks in the country. Customers often associate HDFC Bank with reliability, scale, and stable long term service.
Number of branches: 9,616
Number of ATMs: 21,176
Services provided: Savings accounts, fixed deposits, personal loans, credit cards, home loans
Number of customers: Over 100 million (estimated)
Who prefers it: Affluent retail customers and corporates looking for dependable digital and wealth services
ICICI Bank- Ranked No. 2 Among Top Private Banks in India
NSE Code: ICICIBANK | BSE Code: 532174
ICICI Bank earns recognition as one of the best private banks due to its diverse offerings.
ICICI Bank ranks second among private sector banks with a market capitalisation of ₹9,94,526.93 crore. It has a strong presence across retail, corporate, and international banking. The bank is widely recognised for its early adoption of digital banking tools, alongside traditional deposit and lending services.
Number of branches: 7,385
Number of ATMs: 11,983
Services provided: Savings accounts, fixed deposits, personal loans, cards, wealth management
Number of customers: Over 100 million
Who prefers it: Urban professionals and NRIs who value strong mobile banking and global access
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.
Kotak Mahindra Bank began its banking operations in 2003 and has steadily grown into a well-regarded private sector bank. It is known for focusing on premium banking, investments, and wealth-related services.
Number of branches: Over 2,000
Number of ATMs: Over 3,200
Services provided: Savings accounts, fixed deposits, personal loans, wealth management
Number of customers: Around 51 million
Who prefers it: High net worth individuals looking for investment and wealth-focused banking
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.
Axis Bank holds the fourth position by market capitalisation at ₹4,17,230.70 crore. It has a balanced mix of retail, corporate, and digital banking services. Over the years, the bank has strengthened its retail presence and focused heavily on improving customer experience through its mobile and online platforms.
Number of branches: Over 4,000
Number of ATMs: Over 11,000
Services provided: Savings accounts, fixed deposits, personal loans, credit cards
Number of customers: Around 50 million
Who prefers it: Young professionals and salaried customers who use digital credit and card products
IDBI Bank- Ranked No. 5 Among Top 10 Private Banks in India
NSE Code: IDBI | BSE Code: 500116
Established in 1964, IDBI Bank ranks fifth with a market capitalisation of ₹1,11,932.53 crore and operates under the ownership of Life Insurance Corporation of India. It has traditionally focused on industrial finance and now serves retail customers as well. The bank is often seen as a stable option due to government backing.
Number of branches: 2,104
Number of ATMs: 3,112
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: Not officially disclosed
Who prefers it: Salaried and conservative customers who value government-linked stability
IDFC First Bank-6th 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.
IDFC First Bank has a market capitalisation of ₹72,865.87 crore and focuses strongly on retail banking growth. It has gained attention for simplifying products and offering zero-fee savings accounts. The bank continues to expand its presence in personal loans, credit cards, and retail deposits.
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Number of branches: Around 800
Number of ATMs: Not publicly detailed
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: Not publicly available
Who prefers it: First-time banking customers and fee-conscious users
IndusInd Bank- Ranked No. 7 Among Top 10 Private Banks in India
NSE Code: INDUSINDBK | BSE Code: 532187
IndusInd Bank stands in the 7th position among the top 10 private banks in India. It has a market capitalisation of ₹71,939.84 crore and operates across consumer, corporate, and commercial banking. It is particularly known for its strength in vehicle and commercial financing. The bank also offers a full range of digital and retail banking services.
Number of branches: Over 2,000
Number of ATMs: Several thousand
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: Not publicly specified
Who prefers it: Customers seeking vehicle and specialised lending solutions
Federal Bank- No. 8 in the List of Top 10 Private Banks in India
NSE Code: FEDERALBNK | BSE Code: 500469
Federal Bank, with a market capitalisation of ₹70,856.89 crore, has a strong regional presence, especially in South India. It is widely trusted in Kerala and nearby states for retail banking and NRI services. The bank focuses on relationship based banking and regional strength.
Number of branches: Around 1,300
Number of ATMs: Around 1,800
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: NA
Who prefers it: South Indian households and regional customers who value local trust
Yes Bank- Ranked No. 9 Among the Top 10 Private Banks in India
NSE Code: YESBANK | BSE Code: 532648
Yes Bank, founded in 2003, has a market capitalisation of ₹67,715.79 crore. It ranks ninth on the list of 10 best private banks in India and continues to rebuild its business after restructuring. It serves both retail and corporate clients across India and remains active in corporate lending and transactional banking.
Number of branches: 1,198
Number of ATMs: Over 1,287
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: Millions across retail and MSME segments
Who prefers it: Businesses and corporates seeking lending and banking solutions
Karur Vysya Bank – Traditional South Indian Name, 10th in the List of Private Banks in India
NSE Symbol: KARURVYSYA | BSE Code: 590003
Karur Vysya Bank completes the top ten with a market capitalisation of ₹31,073.24 crore. It is deeply rooted in South India and has a strong focus on small businesses, agriculture, and regional trade financing. The bank is known for its conservative lending approach and local understanding.
Number of branches: 831
Number of ATMs: 1,650
Services provided: Savings accounts, fixed deposits, personal loans
Number of customers: Not publicly specified
Who prefers it: Small and medium businesses in Tamil Nadu and nearby regions
This ends our well-researched list of top private banks in India.
Now that you know the detailed features of the top private banks in India 2026, it is time to learn a little extra about these private sector banks!
Technological Innovation in Banking: 2026 Trends to Watch
AI Agents and Automation
AI systems are moving beyond chat support to handle fraud detection, compliance checks, and real time decision making under human oversight. This reduces processing time, improves accuracy, and allows banks to scale operations without increasing risk.
Embedded Finance Expansion
Banking services are increasingly built directly into non-financial platforms such as ecommerce and SaaS products. This creates seamless customer journeys while opening new revenue channels through API-led partnerships.
Tokenisation of Assets
Real-world assets are being converted into digital tokens on blockchain to enable fractional ownership and faster settlement. This improves liquidity, reduces settlement risk, and modernises capital market infrastructure.
Real-Time Payments Infrastructure
Banks are shifting to always-on payment systems that settle transactions instantly, twenty-four by seven. Speed and availability are becoming standard expectations.
Open Finance and Regulation
Secure data sharing through APIs is expanding financial services beyond traditional banking boundaries.
Now, apart from the private banks in India, which other types of banks are in India?
Let us take a look!
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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.
• Specialised 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 |
Which are the top banks in India?
India’s top banks, known for their large asset base, strong market capitalisation, and high safety standards, are led by the public sector giant State Bank of India, along with major private lenders HDFC Bank, ICICI Bank, and Axis Bank.
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.
A private sector bank offers advantages such as superior customer service, innovative technology offerings, etc.
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 leads with 14,40,555.62 crore market capitalisation.
The top 5 private sector banks in India are HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and IDBI Bank.
Based on the market cap data as of February 9th, 2026, ICICI Bank is the second-largest private sector bank in India, with a market cap of ₹9,94,526.93 crore.
Source- Screener
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