Outlook Money
According to Forbes, India's banking sector showcases a strong mix of private innovation and public sector resilience. Measured by market capitalisation, here are the top 10 banks in 2025 that reflect financial performance in a growing economy.
HDFC Bank leads with the market cap at Rs. 14.80 lakh crore with its expansive digital presence.
With a strong market cap of Rs. 10.35 lakh crore, ICICI Bank secures the second spot in the ranking.
India's biggest public sector lender combines legacy scale with modern digital adoption to hold third position at 7.07 lakh crore market cap.
Kotak's prudent risk approach ranks third based on its market cap of Rs. 4.19 lakh crore.
Axis Bank's aggressive growth is observed in its market cap of Rs. 3.74 lakh crore through retail lending.
Bob continues to gain market cap through improved efficiency and credit growth, with the current standing of Rs. 1.22 lakh crore.
PNB remains a key public lender with Rs. 1.13 lakh crore market cap.
Union Bank's post-merger performance is reflected in its market cap growth amounting to Rs. 1.01 lakh crore.
Steady financials and a balanced portfolio help Canara Bank remain competitive among public sector peers at Rs. 0.97 lakh crore market cap.
Backed by LIC and government reforms, IDBI Bank observes a market cap of Rs. 0.92 lakh crore.