When you look at the market cap data of the banks right here in India, you’ll see that most of them in the top ranks are actually the private sector banks. For example, at present, in 2025, it is actually the HDFC and ICICI banks that are the biggest banks in the country by market capitalization size. And this number isn’t just for the sake of financial analysis, it really goes to show how fast the bank is growing and what potential it has got to grow even more. So, if you’re specifically interested in these big private sector banks in the country, then let’s get on with this list of the Top 10 Biggest Private Banks in India 2025 By Market Cap, shall we?
1. HDFC Bank
In the last few years or so, you must have heard the fact over and over again that HDFC has become the biggest bank in the country by market capitalization, right? Well, that’s a 100% true, and as of May 2025, HDFC Bank is valued at ₹14.73 lakh crore. The final magic happened for this bank when it got merged with the HDFC Ltd., and that thing alone skyrocketed its growth in just a few years. So much so that it is now quite literally the biggest bank in the country. It has over 8,900 bank branches and over 21,000 ATMs across India. Total customers? Oh, that number is mind-boggling too, like around 93 million customers with a variety of products like savings accounts, credit cards, personal loans, and wealth management.
2. ICICI Bank
Second comes ICICI Bank with a market cap of about ₹10.36 lakh crore. It has over 6,600 branches and almost 16,000 ATMs; the bank is attended to by roughly 28 million customers. ICICI Bank has a strong international presence. It is present in about 17 countries, including the UK and Canada. Their mobile app and internet banking are considered among the best in India.
3. Kotak Mahindra Bank
Being placed third, Kotak Mahindra Bank, with a market capitalization of nearly ₹4.13 lakh crore, started out as a finance company and then became a bank in 2003. It now boasts 1,950+ branches and 3,200+ ATMs. The bank serves high-net-worth clients by offering home loans, fixed deposits, investment solutions, and the like. The Kotak app, especially when it comes to wealth and investment banking, is straightforward and user-friendly.
4. Axis Bank
The stock is priced at ₹1,193.30 (As of 28th May 2025) and has a market cap of ₹3.7 lakh crore, and currently holds the fourth position on the country’s stock exchanges as a private bank. Formerly known as UTI Bank, today, it has more than 5,100 branches across the country, with over 15,000 ATMs situated outside virtually every nook and corner. Other than that, the bank’s star product is the “Open by Axis” app, which offers a fluid banking experience.
5. IDBI Bank
IDBI Bank follows, with a market capitalization of ₹1,00,000 crore. It began as a development bank of the government, but is now a disinvestment process underway at a private bank. They operate more than 2,000 branches and more than 3,200 ATMs. The bank has things like house loans, credit cards, and savings accounts, and they’re also trying to liven up their online channels.
6. Yes Bank
So, number six is Yes Bank with a market cap of ₹66,200 crores. Sure, we all know by this point that it did see a few setbacks in the year 2020 but now is revived again under new management. They have more than 1,200 branches and almost 1,300 ATMs. They offer digital payment services, personal loans, and credit cards, and they’re trying to aggressively build their investment and corporate banking business.
7. IndusInd Bank
IndusInd Bank is keeping its feet on the ground at number seven with a market cap of around ₹62,700. Ironically, it was actually India’s first new-gen private bank, having opened shop way back in 1994. They have loads of branches, around 3,000, and close to 3,000 ATMs, serving around 41 million customers right here in the country. IndusInd wins big time in the smaller towns and cities, offering services like auto loans, savings accounts, and business banking.
8. AU Small Finance Bank
Coming up next, well, it is true that AU Small Finance Bank is the biggest of the small finance banks and is ranked eighth at a market cap of between ₹52,600 crore. It began all the way back in 1996 and was converted into a bank in 2017. AU Bank boasts approximately 1,000 branches and services 2.7 million customers. They do a very good business in small business loans, car loans, and home loans, and they’re also very popular for their high-interest saving and wonderful mobile app benefits. It sure is among the most special banks on this list since the start was super small, but it turned out on this list today as a big private bank.
9. IDFC First Bank
IDFC First Bank is firmly in there with a market capitalization of around ₹49,785 crore. It was formed years ago in 2018 when IDFC Bank took over Capital First, and it’s grown tremendously by becoming digital. They have over 800 branches and almost 900 ATMs. Customers just adore it for the savings account interest rewards every month, and they’re still working towards increasing their retail banking horizon.
10. Federal Bank
And to sum up this list, well, at number 10 is Federal Bank that completes the list with a market cap of between ₹49,500 crore. Having its roots in Kerala and operations beginning in 1931, it operates over 1,500 branches and 2,000 ATMs. It has over 18 million customers, with a huge majority of NRIs. It is a dominant remittance player and has decent digital banking solutions to match newer competitors.
Conclusion
There you have it. By far, if you search up the market cap of these banks right now, these are the biggest private banks in the country, no two ways about it. Though keep in mind that market capitalization is one financial number that changes quite literally every day.
