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Which are The Private Banks in India 2026

Best Banks in India

09 October 2026

In India, there are officially 21 private sector banks regulated by the Reserve Bank of India (RBI). Private banks are owned by individuals or companies. In this article, let us look at the 21 private sector banks in India, all of which are regulated by the RBI.

In this article, let us look at the private sector banks in India.

Also Read: Best Banks in India

What are Private Sector Banks?

Private sector banks are owned mostly by individual shareholders, as compared to the public banks owned by the government. While public sector banks originally dominated the Indian banking industry, private banks emerged in the 1990s and have not looked back.

Private banks have a modern infrastructure and fresh technology, which played a role in their rapid rise. These banks in India are divided into two groups.

Old banks, that emerged before 1968
New banks, which emerged after the 1990s

Also Read: Types of Bank Accounts

What is the Complete List of 21 Private Banks in India?

Sl no.	Bank Name	Number of Branches	Founded in	Market Cap (Rs. cr)	Headquarter
1	HDFC Bank	9,694	1995	10,69,819.36	Mumbai, Maharashtra
2	ICICI Bank	7,608	1995	9,69,876.07	Mumbai, Maharashtra
3	Kotak Mahindra Bank	2,276	1985	4,35,468.56	Mumbai, Maharashtra
4	Axis Bank	6,275	1993	3,88,178.53	Mumbai, Maharashtra
5	IDBI Bank	2,100+	1964	90,320.19	Mumbai, Maharashtra
6	YES Bank	1,300+	2004	64,378.95	Mumbai, Maharashtra
7	IndusInd Bank	3,137	1994	67,349.26	Mumbai, Maharashtra
8	Federal Bank	1,588	1931	79,669.79	Aluva, Kerala
9	IDFC FIRST Bank	1,155	2015	67,930.62	Mumbai, Maharashtra
10	Bandhan Bank	6,400	2015	25,045.28	Kolkata, West Bengal
11	Karur Vysya Bank	902	1916	32,142.73	Karur, Tamil Nadu
12	City Union Bank	932	1904	22,010.33	Kumbakonam, Tamil Nadu
13	RBL Bank	628	1943	62,409.48	Mumbai, Maharashtra
14	J&K Bank	1,012	1938	15,113.73	Srinagar, Jammu, and Kashmir
15	Karnataka Bank	957	1924	12,078.10	Mangaluru, Karnataka
16	Tamilnad Mercantile Bank	622	1921	13,665.70	Toothkudi, Tamil nadu
17	South Indian Bank	959	1929	12,117.78	Thrissur, Kerala
18	CSB Bank	872	1920	5,233.21	Thrissur, Kerala
19	DCB Bank	480	1930	6,466.34	Mumbai, Maharashtra
20	Dhanlaxmi Bank	269	1927	1,312.49	Thrissur, Kerala
21	Nainital Bank	180	1922	Subsidiary of Bank Of Baroda	Nainital, Uttarakhand

Also Read: Best Savings Bank Accounts in India

1. HDFC Bank

HDFC Bank is one of India's largest private banks. As part of the RBI's 1994 deregulation of the Indian Banking Industry, it is the first bank to have received "in-principle authorization" to open a bank in the private sector.

One of the best-performing banks is HDFC, which is included in the list of the top 100 brands in the world.

Founded in	16 January 1995
Headquarters	Mumbai, Maharashtra
Chairperson (part-time)	Mr. Rajiv Kumar
Total Asset Value	₹49.08 Lakh Crore (US$510 Billion)
Number of Customers	Approx. 120 Million
Number of Branches	9,694
Number of ATMs/Cash Recyclers	21,958
Services	Retail and Commercial Banking Wholesale Banking Insurance & Loans Credit Cards Investment Banking Asset and Risk Management Mutual and Index Funds

2. ICICI Bank

ICICI Bank is the second-largest private sector bank in India with an extensive branch network. More than 85,000 people in the nation are employed by ICICI Bank.

Customers can receive services from ICICI Bank through a variety of distribution channels and its group companies.

Founded in	5 January 1955
Headquarters	Mumbai, Maharashtra
Non-Executive (Part-time) Chairperson	Mr. Pradeep Kumar Sinha
Total Asset Value	₹29.14 Lakh Crore (US$300 Billion)
Number of Customers	Over 50 Million
Number of Branches	7,608
Number of ATMs/Cash Recyclers	12,190
Services	Credit Cards Savings Accounts Family Wealth Account Loans & Insurance Investment management Wealth Management Foreign Exchange Services Social Security Schemes Demat Accounts Debt Management Services

3. Kotak Mahindra Bank

After acquiring ING Vysya Bank in 2015, Kotak Mahindra quickly became one of India's most popular banks.

They have four major divisions: Consumer Banking, Corporate Banking, Commercial Banking, and Treasury.

Founded in	21 November 1985
Headquarters	Mumbai, Maharashtra
Chairperson	Mr. C S Rajan
Total Asset Value	₹10,03,353 Crore (US$100 Billion)
Number of Customers	Approx. 50 Million
Number of Branches	2,276
Number of ATMs	2,727
Services	Credit Cards Consumer Banking Commercial Banking Insurance Loans & Advances Deposits National Pension Scheme Treasury Products Overdraft Facilities Kotak Realty Fund Investment Banking Investment Management Stockbroking Kotak Securities

4. Axis Bank

It ranks as India's third-largest private-sector bank. It has the third-highest number of ATMs nationwide, behind ICICI and HDFC.

This bank has offices in 11 countries, including Singapore, Dubai, Shanghai, Hong Kong, Colombo, and Gift City-IBU.

Founded in	3 December 1993
Headquarters	Mumbai, Maharashtra
Chairperson	P N Prasad
Asset Base	₹19,46,050 Crore (US$200 Billion)
Number of Customers	Approx. 54 Million
Number of Branches	6,275
Number of ATMs/Cash Recyclers	12,796
Services	Mortgage Loans Retail Banking MSME Banking Wealth Management Corporate Banking Home Loans Insurance Digital Banking Services Forex Services

5. IDBI Bank

IDBI Bank is a full-service universal bank offering a range of financial services. They focus on understanding customer needs to provide financial solutions and high-quality customer support.

They have customer service available around-the-clock so you can receive assistance right away if you run into any problems.

Founded in	1 July 1964
Headquarters	Mumbai, Maharashtra
Independent Director & Part-Time Chairperson	Mr. T. N. Manoharan
Total Asset Value	₹4,67,386 crore (US$49 Billion)
Number of Customers	Approx. 25 to 30 Million
Number of Branches	2,100+
Number of ATMs	3,700+
Services	Deposits Loans Pensions Mortgages Payment Services Investment Banking Commercial Banking Retail Banking Asset Management

6. YES Bank

As one of India's fastest-growing institutions, Yes Bank is a customer-focused, full-service commercial bank.

They have a presence all across India in 28 states and 9 union territories, in addition to an office in Abu Dhabi, an IBU, and GIFT cities.

Founded in	2004
Headquarters	Mumbai, Maharashtra
Non-Executive (Part-time) Chairperson	Mr. Rama Subramaniam Gandhi
Total Asset Value	₹4,69,105 Crore (US$49 Billion)
Number of Customers	About 4.6 Million
Number of Branches	1,300+
Number of ATMs	1,350+
Services	Retail Banking Corporate Banking Escrow Lending for Businesses Trade Advisory Working Capital Finance Treasury & Risk Management

7. IndusInd Bank

IndusInd Bank is a leading, new-generation private bank in India known for its strong financial presence and commitment to high-quality customer service.

IndusInd Bank also has offices in international locations such as Dubai, Abu Dhabi, and London.

Founded in	April 1994
Headquarters	Mumbai, Maharashtra
Chairperson	Mr. Arijit Basu
Total Asset Value	₹5,54,018 Crore (US$58 Billion)
Number of Customers	Approx. 42 Million
Number of Branches	3,137
Number of ATMs	2,853
Services	Personal & Corporate Banking NRI Banking Forex Services Loans & Deposits Merchant Acquisition Products Tax Payments High-net-worth Individual Banking Microfinance Insurance Investment Banking

8. Federal Bank

Federal Bank offers highly practical banking solutions and was one of the first traditional Indian banks to computerize all of its branches when digitization began.

More than 12,000 individuals are employed by it in the nation.

Founded in	23 April, 1931
Headquarters	Aluva, Kerala
Chairperson (part-time)	Mr. Elias George
Total Asset Value	₹3,49,004.80 Crore (US$36 Billion)
Number of Customers	20.1 Million+
Number of Branches	1588+
Number of ATMs/Cash Recyclers	2079+
Services	Depository Services Personal Banking Insurance Internet Banking Mobile Banking NRI Banking Online Bill Payment And Fee Collection Mutual Fund Products Insurance Schemes

9. IDFC FIRST Bank

IDFC First Bank is one of the major private banks in India and due to its selection of luxurious banking products, its customer base is ever-growing. The bank focuses on project financing and raising capital to build private-sector infrastructure.

They offer a wide range of financial services to individuals, small businesses, and corporations.

Founded in	October 2015
Headquarters	Mumbai, Maharashtra
Non-Executive (Part-time) Chairperson	Mr. Sanjeeb Chaudhuri
Total Asset Value	US$44.4 Billion
Number of Customers	Approx. 39 Million
Number of Branches	1,155
Number of ATMs	1,110
Services	Consumer Banking Corporate Banking Private Banking Wholesale Banking Investment Banking Credit Cards & Loans Wealth Management

10. Bandhan Bank

Bandhan Bank’s main priority is to serve the nation's unbanked and underbanked population.

They provide financial services in the form of assets & liabilities, products & services, and fantastic banking solutions.

Founded in	23 August 2015
Headquarters	Kolkata, West Bengal
Non-Executive (Independent) (Chairman)	Mr. Debasish Panda
Total Asset Value	₹2,73,000 Crore (US$28 Billion)
Number of Customers	33.5 Million+
Number of Branches	6,400
Number of ATMs	438
Services	Retail Banking Services Corporate Banking Microfinance MSME Financing Affordable Housing Finance Credit Cards Risk Management

11. Karur Vysya Bank

This bank was established to offer financial assistance to traders and farmers in Karur, Tamil Nadu. As one of the top financial organizations in the nation, it has carried on the tradition for 108 years.

Millions of consumers receive a wide range of financial services from them under one roof.

Founded in	25 July 1916
Headquarters	Karur, Tamil Nadu
Chairperson	Dr. Meena Hemchandra
Total Asset Value	₹2,20,000 Crore (US$23 Billion)
Number of Customers	10 Million+
Number of Branches	902
Number of ATMs/Cash Recyclers	2,252
Services	Credit Cards Consumer Banking Corporate Banking Private Banking Investment Banking Finance & Insurance Mortgage Loans Wealth Management

12. City Union Bank

This top private bank in India provides a wide range of services to its clients. The City Union Bank began growing in 1930 when they established their first location in Mannargudi, and nearly 50 years later, in 1980, they established their first location outside of Tamil Nadu in Sultanpet.

Founded in	31 October 1904
Headquarters	Kumbakonam, Tamil Nadu
Non-Executive Chairperson	Shri. G. Mahalingam
Total Asset Value	₹70,825.86 Crore (US$7.4 Billion)
Number of Customers	Over 4 Million
Number of Branches	932
Number of ATMs	1,762
Services	Retail Banking Corporate Banking Loans & Insurance Forex Investment Banking MSME Banking NRI Banking Asset Management

13. RBL Bank

Formerly known as Ratnakar Bank, it is one of India's private banks with one of the quickest rates of growth, and it is extending its offerings and branch network nationwide.

Founded in	August 1943
Headquarters	Mumbai, Maharashtra
Non-Executive (Part-time) Chairperson	Chandan Sinha
Total Asset Value	₹1,46,725.48 Crore (US$15 Billion)
Number of Customers	Over 15.17 Million
Number of Branches	628
Number of ATMs/Cash Recyclers	1,900
Services	Consumer Banking Commercial Banking Business Banking Retail Assets Corporate & Institutional Banking Finance & Insurance Credit Cards Treasury Financial Market Operations

14. Jammu & Kashmir Bank

The J&K Bank is acknowledged as the RBI's agent for handling banking business obligations for Jammu & Kashmir and Ladakh, as well as collecting central taxes for CBDT. They focus on "socially empowering banking" to provide financial services to small and medium-sized businesses and retail customers.

Their business approach aims to boost lending in the domestic market while looking for specialty lending opportunities across India.

Founded in	1 October 1938
Headquarters	Srinagar, Jammu & Kashmir
Chairperson	Sankarasubramanian Krishnan
Total Asset Value	₹169,468 Crore (US$18 Billion)
Number of Customers	No data available
Number of Branches	1,012
Number of ATMs	1,423
Services	Retail Banking Corporate Banking Loans & Insurance Debit & Credit Cards Treasury

15. Karnataka Bank

Karnataka Bank treats its customers individually, recognizing their unique needs. They provide financial solutions for businesses of all sizes.

Karnataka Bank offers a wide range of customized products and services suitable for trade, market, business, and personal use. Borrowing facilities, maximum returns on surplus funds, deposits, and assistance with international transactions are just a few of the important services they provide.

Founded in	18 February 1924
Headquarters	Mangaluru, Karnataka
Part-time Non-executive Chairperson	Mr. P. Pradeep Kumar
Total Asset Value	₹1,20,961.78 Crore (US$13 Billion)
Number of Customers	Over 13.7 Million
Number of Branches	957
Number of ATMs/Cash Recyclers	1,188
Services	Retail Banking Corporate Banking Wholesale Banking Treasury Operations Credit Card

16. Tamilnad Mercantile Bank

Tamilnad Mercantile Bank was registered as ‘The Nadar Bank Ltd’, when it was founded. This bank is known for its stellar customer service and focuses on a ‘customer-first’ approach.

This bank has also tied up with HDFC Bank and IDBI Bank to increase its network coverage.

Founded in	11 May 1921
Headquarters	Thoothukudi, Tamil Nadu
Part-time Chairperson	Thiru. K.Ramachandran
Total Asset Value	₹97,296.61 Crore (US$10 Billion)
Number of Customers	Over 5.3 Million
Number of Branches	622
Number of ATMs/Cash Recyclers	1,152
Services	Credit Cards Consumer Banking Corporate Banking Private Banking Finance & Insurance Mortgage Loans Wealth Management

17. South Indian Bank

South Indian Bank is another well-known bank that has to be included in the list of private banks in India in 2026. It is one of the first private banks in Kerala to use the Core Banking System, and it is also one of the oldest.

Because of their superior services, they have maintained a positive reputation since the day they were founded. Their main goal is to provide individuals with a trustworthy, efficient, and customer-focused financial organization where they may obtain loans at fair interest rates.

Founded in	25 January 1929
Headquarters	Thrissur, Kerala
Chairperson	Mr. Jose Joseph Kattoor
Total Asset Value	₹1,41,75,630 Lakh
Number of customers	Over 8.3 Million
Number of Branches	959
Number of ATMs/Cash Recyclers	1,150
Services	Consumer Banking Corporate Banking Private Banking Investment Banking Credit Cards Mutual Fund Trading Demat Account Finance & Insurance Mortgage Loans Wealth Management

18. CSB Bank

The CSB Bank was formerly known as the Catholic Syrian Bank. It is one of India's earliest private-sector banks.

They have over 3200 employees working for them to provide efficient customer service. It became a scheduled bank in 1969 and entered the field of international banking in 1975.

Founded in	26 November 1920
Headquarters	Thrissur, Kerala
Part-Time Chairperson	Mr. Biswamohan Mahapatra
Total Asset Value	₹47,836.27 Crore (US$5.0 Billion)
Number of Customers	More than 2.10 Million
Number of Branches	872
Number of ATMs/Cash Recyclers	848
Services	Consumer banking Corporate Banking SME banking Mortgage Loans Private Banking Wealth Management Investment Banking Treasury Operations

19. DCB Bank

Since its establishment, this new-generation private bank has had significant roots in India. It is an RBI-regulated scheduled commercial bank.

They have modern infrastructure and technology, including cutting-edge banking for both personal and business banking customers.

Founded in	1930
Headquarters	Mumbai, Maharashtra
Non-Executive (Independent) Director	Mr. Pushan Mahapatra
Total Asset Value	₹88,752.06 Crore
Number of Customers	More than 3.2 Million
Number of Branches	480
Number of ATMs	445
Services	Retail Banking Micro-SME & SME Banking Mid-corporate Banking Public Sector Banking Co-operative Banking Agriculture & Inclusive Banking Finance & Insurance Distribution Wealth Management

20. Dhanlaxmi Bank

Since its establishment, Dhanlaxmi Bank has continued to earn the trust and respect of its customers. This bank was established by enterprising businesspeople with a capital of Rs. 11,000.

To help consumers with transactions, they launched a mobile device named "Dhan Smart" in 2015 as part of their ongoing effort to remain on top of technological advancements.

Their vision is to become a strong and innovative bank that will take on social responsibility in order to maximize customer satisfaction.

Founded in	14 November 1927
Headquarters	Thrissur, Kerala
Chairperson (part-time)	Shri. K.N Madhusoodhanan
Total Asset Value	₹21,237 Crore (US$2.2 Billion)
Number of Customers	No data available
Number of Branches	269
Number of ATMs	289
Services	Credit Cards Consumer Banking Corporate Banking Private Banking Investment Banking Finance & Insurance Mortgage Loans

21. Nainital Bank

Nainital Bank was established in 1922 and currently operates in 5 states - Uttarakhand, Delhi, Rajasthan, Haryana, and Uttar Pradesh.

This bank is a subsidiary of the Bank of Baroda. It prides itself on its personalized services and is known to be customer-friendly.

Founded in	1922
Headquarters	Nainital, Uttarakhand
Part-Time/Non-Executive (Independent) Chairperson	Shri Gopal Singh Gusain
Total Asset Value	₹9,360.48 Crore (US$970 Million)
Number of Customers	Over 1 Million
Number of Branches	180
Services	Consumer Banking Corporate Banking Investment Banking Investment Management Private Banking Finance & Insurance

Conclusion

In this article, we compiled a comprehensive list of private banks in India in 2023, all of which were exceptional in a few other areas. Regardless of the type of financial service you need, be careful to examine costs and policy openness before choosing a bank.

According to total assets and revenue last year, HDFC is the largest private bank. However, as previously stated, selecting the appropriate Bank for yourself would depend on your financial requirements, as some banks provide the highest level of security, while others are reasonable, others have exceptional customer service, and still, others are a combination of these qualities. So, choose the best and take advantage of their excellent services.

Private Banks in India Related FAQs

In India, how many private banks are there?

In 2020, many banks got merged, and now there are 21 private banks in India.

Which is the best private bank in India?

Although all banks are trustworthy, the best one for you will depend entirely on your needs. But HDFC is India's top private bank based on overall revenues and market capitalization.

What separates the public and private sector banks in India?

While bank shareholders own the majority of private sector banks, the government owns the majority of public sector banks.

Which private bank in India is the quickest growing?

According to a survey by brand consultancy Brand Finance, HDFC Bank has experienced the fastest growth in India among banks, expanding by 296% during the previous five years. Over the same time span, it has experienced a compound annual growth rate of 31.7%.

Which bank in India is the most secure?

Always choose a reputable bank with a long history of profits and trust if you are looking for a safe bank to have a banking relationship with. Some of the most secure and trustworthy banks in India are HDFC, ICICI, SBI, Axis Bank, Bank of Baroda, Punjab Nation Bank, and Canara Bank.