Union Bank of India

State Bank of India is the largest bank in the country, descended from the Bank of Calcutta of 1806 through the Imperial Bank of India, and constituted in its present form in 1955.

HDFC Bank is India’s largest private sector bank, set up in 1994 among the first of the new private banks licensed after liberalisation.

ICICI Bank grew out of the Industrial Credit and Investment Corporation of India, the development finance institution set up in 1955, and became a commercial bank in 1994 before merging with its parent in 2002.

Axis Bank began in 1993 as UTI Bank, promoted by the Unit Trust of India and the public-sector insurers, and took its present name in 2007.

Kotak Mahindra Bank was the first non-banking finance company in India to become a bank, in 2003; the group had begun as Kotak Capital Management in 1985 under Uday Kotak.

IndusInd Bank was set up in 1994 by the Hinduja group, named for the Indus Valley civilisation, and is among the larger private banks of the country; its registered office is in Pune but its corporate office is in Mumbai

Yes Bank was licensed in 2004 and grew fast through the 2010s before a crisis of bad loans led the RBI to place it under a moratorium in March 2020 and reconstruct it with SBI and other banks as shareholders.

RBL Bank is the old Ratnakar Bank of Kolhapur, founded in 1943, which was taken over by a new management in 2010 and rebuilt into a national private bank with its corporate office at One World Centre in Lower Parel.