Ranked: Most Valuable Banks in India by Market Cap
- 6 days ago
- 1 min read
India's banking sector is led by a clear hierarchy, with private lenders dominating the top of the table by a wide margin. HDFC Bank is India’s most valuable bank, followed by ICICI Bank and SBI.

Public sector banks like Bank of Baroda, PNB, and Canara Bank cluster in the ₹1.4–1.6 trillion range, while Union Bank, Indian Bank, and IDBI Bank sit closer to ₹1.1–1.2 trillion.
Here are the detailed rankings:
HDFC Bank: Rs. 15.3tn
ICICI Bank: Rs. 10.0tn
SBI: Rs. 9.2tn
Kotak Mahindra Bank: Rs. 4.2tn
Axis Bank: Rs. 3.9tn
Bank of Baroda: Rs. 1.6tn
Punjab National Bank: Rs. 1.4tn
Canara Bank: Rs. 1.4tn
Union Bank: Rs. 1.2tn
Indian Bank: Rs. 1.1tn
Together, India's top five banks are cumulatively valued at ₹42.7 trillion (roughly $472.8 billion), reflecting just how concentrated value creation is at the top of the country's financial system.











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