Choosing the right bank today is not limited to interest rates or branch locations, but also involves considerations such as security, digital access, and service quality. The banking sector in India is evolving quickly, and the top banks in 2025 list shows the potential in both trust and technology. In this article, we will delve deeper into some of the best banks in India, ranging from public to private banks, based on market capitalization, service quality, and performance.
List of Banks Based on Market Capitalization
| Rank | Bank name | Type | Market capitalisation (₹ Crore) |
| 1 | HDFC Bank | Private | 14,72,995 |
| 2 | ICICI Bank | Private | 10,12,122 |
| 3 | State Bank of India | Public | 7,13,970 |
| 4 | Kotak Mahindra Bank | Private | 4,34,467 |
| 5 | Axis Bank | Private | 3,66,092 |
| 6 | Bank of Baroda | Public | 1,28,565 |
| 7 | Punjab National Bank | Public | 1,14,608 |
| 8 | Union Bank | Public | 96,351 |
| 9 | Canara Bank | Public | 87,849 |
| 10 | IDBI Bank | Private | 85,879 |
Overview of Best Banks in India
HDFC Bank
Established in 1994, the bank was founded by Sashidhar Jagdishan. It offers a wide range of services covering personal banking, corporate banking, credit cards, loans, and investment products. HDFC is well known for its efficient internet banking services and digital support. It incorporates an easy-to-use mobile app. Currently, the bank’s P/E ratio is 20.80 and operates across 9,092 branches. The present market price stays at Rs 1925 which is why it is one of the best banks in India.
ICICI Bank
This bank was founded by Sandeep Bakhshi in 1994, offering a range of services including retail banking, corporate banking, loans, insurance, and wealth management. The bank is well-known for its quick and efficient customer service across digital and branch networks. Its P/E ratio stands at 20.00 and CMP at Rs. 1432. It serves across 6613 branches nationwide.
SBI
Dinesh Kumar Khara is the CEO of the bank that was established in 1955. The service line is wide, including savings accounts, personal and business loans, corporate banking, and government schemes. It offers reliable customer service, backed by a broad branch network and ATM access. The P/E ratio stands at 9.00 with CMP Rs. 800.
Kotak Mahindra Bank
Kotak Bank was founded in 1985, and Dipak Gupta is the current CEO of the bank. It serves with savings and current accounts, loans, investment banking, and insurance services. It is highly responsive through digital and branch channels. The P/E ratio is 22.10, while the CMP remains at Rs 2,185. This makes is among the best banks in India.
Axis Bank
Established in 1993, Axis Bank provides a range of services, including personal banking, corporate lending, wealth management, and credit cards. Under the leadership of Amitabh Chaudhry, the bank offers strong digital support alongside a robust brand experience. The P/E ratio of Axis Bank currently is 13.10, and it operates across 5,706 branches.
Bank of Baroda
The Bank of Baroda was founded in 1908 and currently operates across 8,424 branches. It offers retail banking, loans, deposits, and international banking services under the leadership of Sanjiv Chadha. The bank currently holds a CMP of Rs. 248.61.
Punjab National Bank
PNB was established in 1893 and currently operates with 10,168 branches. It presently holds a P/E ratio of 6.80 and emphasises strongly on affordability and variety of services. The service lineup includes personal and corporate banking, loans, and government schemes.
Union Bank
Union Bank was founded in 1919 with a variety of services, including savings accounts, agricultural loans, and business banking. The customer service emphasizes rural accessibility and strong support. Presently, it operates with a P/E ratio of 6.90 and a CMP of Rs 126.22.
Canara Bank
Canara Bank, founded in 1906, currently specializes in personal banking, loans, SME, and corporate services. Its customer service focuses on providing strong urban and rural coverage, along with internet banking support. The P/E ratio is estimated at 5.30, and CMP is Rs 96.85. It operates across 9850 branches.
IDBI Bank
Rakesh Sharma presently holds the CEO position. IDBI was established in 1964, and since then, it has expanded across 2,116 branches. The bank offers a range of services, including retail banking, loans, deposits, and corporate banking. It offers robust customer services for personalized and responsive services. It secures a P/E ratio of 11.30 and a CMP of Rs 79.97.
Summary
To sum up, India is seeing significant growth and a shift towards digital banking. In this banking era, everyone wants to perform smart banking and be secure. The above-mentioned banks are leading in India and are recognized for ensuring the safety and security of their customers’ funds. They offer smart digital banking, which contributes to greater convenience. Hence, you must choose the bank that suits your needs.
