List of Private Sector Banks in India

Private sector banks are those banks that are owned privately by individuals and work like a cooperate under the management of a private board.

In government banks, the government directly controls the board of the banks as the majority of the stakes of the bank are with the Government.

But both Government or Private Banks work on the guidelines provided by the Reserve Bank of India.

In India, there are a total of 21 private banks. In this article, we will discuss a list of private-sector banks in India.

list of private sector banks in india

List of Private Sector Banks in India

The following is the list of private sector banks in India-

Axis Bank Ltd.

Formerly known as UTI Bank, Axis Bank started its operations in the year 1993 and later in 2008 changed its name to Axis Bank to appeal to international Banking clients. The bank has many subsidiaries as well.

Bank Name- Axis Bank

Website-www.axisbank.com

Established- 2008

Headquarters- Mumbai, Maharashtra

Branches- 4,594

Total Assets- ₹1,010,325 Crores (US$130 billion)

Revenues- ₹80,847 Crores (US$10 billion)

Bandhan Bank Ltd.

Bandhan Bank is a private-sector bank that provides all banking-related services. It was established as a non-profit in the year 2001. In 2015, Bandhan Bank got its license from the RBI to become a universal Bank.

Bank Name- Bandhan Bank

Established- 2015

Headquarters- Kolkata, West Bengal

Branches- 1,147

Total Assets- ₹114,993 Crores (US$14 billion)

Revenues- ₹14,633 Crores (US$1.8 billion)

CSB Bank Limited

CSB Bank or Catholic Syrian bank is an Indian bank established in the year 1920 and had a great presence in Maharashtra, Tamil Nadu, Kerala, and Karnataka with 500+ branches and 290+ ATMs.

Bank Name- CSB Bank

Established- 1920

Headquarters- Thrissur, Kerala

Branches- 512

Total Assets- ₹23,337 Crores (US$2.9 billion)

Revenues- ₹2,273 Crores (US$280 million)

City Union Bank Ltd.

City Union Bank earlier known as Kumbakonam Bank Limited established in the year 1904. It has grown ever since and has 700+ branches and 1700+ ATMs in the country. 

Bank Name- City Union Bank

Established- 1904

Headquarters- Kumbakonam, Tamil Nadu

Branches- 702

Total Assets- ₹53,311 Crores (US$6.7 billion)

Revenues- ₹4,839 Crores (US$610 million)

DCB Bank Ltd.

DCB Bank or Development Co-operative Bank is a bank headquartered in Mumbai with 400+ branches. It is a publicly listed company offering its share to the investor. It was established in the year 1930.

Bank Name- DCB Bank

Established- 1930

Headquarters- Mumbai, Maharashtra

Branches- 352

Total Assets- ₹39,602 Crores (US$5.0 billion)

Revenues- ₹3,916 Crores (US$490 million)

Dhanlaxmi Bank Ltd.

Dhanalaxmi Bank is an Indian bank headquartered in Kerala state. It was established in the year 1927 and the bank has grown ever since. The bank has a sizable presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.

Bank Name- Dhanlaxmi Bank

Established- 1927

Headquarters- Thrissur, Kerala

Branches- 245

Total Assets- ₹13,096 Crores (US$1.6 billion)

Revenues- ₹1,072 Crores (US$130 million)

Federal Bank Ltd.

Federal Bank earlier known as Travancore Federal Bank Limited is a private Indian bank established in the year 1931. The bank has 1000+ branches across the country.

Bank Name- Federal Bank

Established- 1931

Headquarters- Kochi, Kerala

Branches- 1272

Total Assets- ₹204,966 Crores (US$26 billion)

Revenues- ₹15,702 Crores (US$2.0 billion)

HDFC Bank Ltd

HDFC Bank or Housing Development Finance Corporation Bank is a subsidiary of Housing Development Finance Corporation which was established in the year 1994 and has grown to become one of the biggest private sector banks in India with 6378 branches.

Bank Name- HDFC Bank

Established- 1994

Headquarters- Mumbai, Maharashtra

Branches- 5608

Total Assets- ₹1,799,506 Crores (US$230 billion)

Revenues- ₹155,855 Crores (US$20 billion)

ICICI Bank Ltd.

ICICI Bank or Industrial Credit and Investment Corporation Bank is a private sector bank incorporated in the year 1994 after the LPG reforms by the Indian Government.

Bank Name- ICICI Bank

Established- 1994

Headquarters- Vadodara, Gujarat

Branches- 5266

Total Assets- ₹1,573,812 Crores (US$200 billion)

Revenues- ₹161,336 Crores (US$20 billion)

IndusInd Bank Ltd

Induslnd Bank is one of the first-generation Private sector banks in India. It was started by the S.P. Hinduja with the primary objective to serve the NRI Community with banking services.

Bank Name- IndusInd Bank

Established- 1994

Headquarters- Mumbai, Maharashtra

Branches- 2015

Total Assets- ₹362,903 Crores (US$45 billion)

Revenues- ₹28,999 Crores (US$3.6 billion)

IDFC FIRST Bank Limited

IDFC First bank is a private sector bank established in the year 2015 after RBI approved the universal bank license of IDFC Bank. In 2018, IDFC Bank and Capital First announced a merger which resulted in the formation of IDFC First Bank.

Bank Name- Axis Bank

Established- 2015

Headquarters- Mumbai, Maharashtra

Branches- 596

Total Assets- ₹163,071 Crores (US$20 billion)

Revenues- ₹18,221 Crores (US$2.3 billion)

Jammu & Kashmir Bank Ltd.

Jammu and Kashmir Bank is the oldest private sector bank with central public sector undertaking. Although the bank is a private sector bank it is also owned by the Ministry of Finance, Government of India.

Bank Name- Jammu & Kashmir Bank

Established- 1938

Headquarters- Srinagar, Jammu, and Kashmir

Branches- 957

Total Assets- ₹82,018 Crores (US$10 billion)

Revenues- ₹7,166 Crores (US$900 million)

Karnataka Bank Ltd.

Karnataka Bank is a private-sector bank established in the year 1924. Currently, the bank has 800+ branches and 800+ ATMs.

Bank Name- Karnataka Bank

Established- 1924

Headquarters- Mangaluru, Karnataka

Branches- 890

Total Assets- ₹85,580 Crores (US$11 billion)

Revenues- ₹6,232 Crores (US$780 million)

Karur Vysya Bank Ltd.

Karur Vysya Bank is an Indian Private sector bank established in the year 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.

Bank Name- Karur Vysya Bank

Established- 1916

Headquarters-   Karur, Tamil Nadu

Branches- 811

Total Assets- ₹74,623 Crores (US$9.3 billion)

Revenues- ₹5,470 Crores (US$690 million)

Kotak Mahindra Bank Ltd

Kotak Mahindra Bank was started as Kotak Capital Management Finance by Uday Kotak and Further investment of Rs.1 Lakh was invested by Anand Mahindra and his father Harish Mahindra in 1986 to form Kotak Mahindra Capital Management. In 2003, Kotak Mahindra Capital Management Finance received a banking license and formed Kotak Mahindra Bank.

Bank Name- Axis Bank

Established- 2003

Headquarters- Mumbai, Maharashtra

Branches- 1604

Total Assets- ₹478,872 Crores (US$60 billion)

Revenues- ₹478,872 Crores (US$60 billion)

Nainital bank Ltd.

Nainital Bank is a private sector bank owned by the Bank of Baroda India’s second-largest bank as its subsidiary. It was established in the year 1992.

Bank Name- Nainital bank

Established- 2008

Headquarters-   Nainital, Uttarakhand

Branches- 160

Total Assets- ₹8,438 Crores (US$1.1 billion)

Revenues- ₹0,727 Crores (US$91 million)

RBL Bank Ltd.

RBL Bank was established in the year 1943 as Ratnakar Bank and in in 1974 received its banking license from the Reserve Bank of India. In August 2014, the bank changed its name to RBL Bank.

Bank Name- RBL Bank

Established- 1943

Headquarters- Mumbai, Maharashtra

Branches- 435

Total Assets- ₹100,618 Crores (US$13 billion)

Revenues- ₹8,561 Crores (US$1.1 billion)

South Indian Bank Ltd.

South Indian Bank is a major private sector bank in India with 900+ branches and 1200+ ATMs across India. It was established in the year 1928.

Bank Name- Axis Bank

Established- 1929

Headquarters- Thrissur, Kerala

Branches- 935

Total Assets- ₹94,149 Crores (US$12 billion)

Revenues- ₹7,305 Crores (US$910 million)

Tamilnad Mercantile Bank Ltd.

Tamilnad Mercantile Bank was established in the year 1921. Formally known as Nadar Bank is an Indian Private sector bank that is one of the fastest-growing banks in India.

Bank Name- Tamilnad Mercantile Bank

Established- 1921

Headquarters- Thoothukudi, Tamil Nadu

Branches- 509

Total Assets- ₹42,758 Crores (US$5.4 billion)

Revenues- ₹3,992 Crores (US$500 million)

YES Bank Ltd.

YES Bank is a private-sector bank headquartered in Mumbai. It was established in the year 1924 by Rana Kapoor and Ashok Kapur.

Bank Name- YES Bank

Established- 2004

Headquarters- Mumbai, Maharashtra

Branches- 1070

Total Assets- ₹273,593 Crores (US$34 billion)

Revenues- ₹20,039 Crores (US$2.5 billion)

IDBI Bank Limited

IDBI Bank was founded in the year 1964 under the Act of Parliament which was owned by the Reserve Bank of India. In 1976, the bank was handed over to the Central Government and IDBI Bank become a public sector bank. It was later purchased by the Life Insurance Corporation with 51% stakes.

Bank Name- IDBI Bank

Established- 1964

Headquarters- Mumbai, Maharashtra

Branches- 1884

Total Assets- ₹298,652 Croress (US$37 billion)

Revenues- ₹24,803 Crores (US$3.1 billion)