Top 7 Commercial Banks in India
We will talk about the largest Commercial banks in India . A commercial bank is a type of bank that is primarily focused on lending and financial services to businesses. They are also usually larger than retail banking institutions, which focus more on personal customers. There’s been an increased demand for these types of banks because there’s been a lot of growth in the Indian economy over the past decade.
- State Bank of India (SBI)
- ICICI Bank
- HDFC Bank
- Bank of Baroda
- Kotak Mahindra Bank
- Axis Bank
- Indusind Bank
3 Types of commercial banks in India
- Public Sector Banks - Public sector banks are the ones that are owned by the government. They offer a range of products and services to customers, including loans for agriculture.
- Private Sector Banks - Private sector banks are the ones that are not owned by the government.
- Foreign Banks - The banks that have their headquarters outside of India come under the category of foreign banks.