Banks and NBFCs, Trending in the Economy

Branch network : Top 5 Banks in India

Title Top Five Banks in India

Branch Network and financial Ecosystem of Banks in India is robust. The Indian banking system is one of the the largest banking network.

Moreover, as per Reserve Bank of India (RBI) categories of the banks are - Public Sector Banks, Private Sector Banks, Small Finance Banks, Payments Banks (like Paytm),  Regional Rural Banks and Foreign Banks in India.

Quick Links. Click to navigate directly to the paragraph in detail:

Top Five Banks in India as per Asset Under Management (AUM)

Following are the Top Five FMCG Companies as per Asset Under Management (AUM)

Branch Network Assets Under Management of top 5 banks

As on FY21, State Bank of India is the largest bank in term of Asset under Management with INR of ~25,00,599 Crores. Further, HDFC Bank is 2nd Largest Bank in Term of AUM with INR of 11,85,284 Crores. Whereas, other leading banks are ICICI, PNB and Axis Bank.

Branch Network of top 5 Banks in India

Branch network AUM

No. of ATMs of Top Five Banks

Branch network ATM Network of top 5 banks

SBI Bank is having the highest no. of ATMs in India. Whereas, other Banks Like Axis and HDFC Bank has difference of ~1000 ATMs.

In FY20 PNB has 9168 no. of ATMs, but post Amalgamation with oriental Bank of Commerce it increased to 13,781 at year ending 31 March '21.

(A) Branch Network - State Bank of India

State Bank of India is a Public Sector bank, headquartered in Mumbai, Maharashtra. It was founded on June 2, 1806, and is one of the oldest banks in India. It is the largest and oldest bank in India with over 200 years of history

Further, SBI offers a wide range of services, including corporate banking, consumer banking, investment banking, finance and insurance, credit cards, home loans, car loans, mortgage loans, private banking, savings, securities, private equity, wealth management, and asset management.

Currently, in India, SBI has vast network of over 22,000 branches, 62617 ATMs/ADWMs and 71,968 BC outlets.

Further, other than Domestic Branch Network, SBI has spread its presence globally and operates across time zones through 229 offices in 31 foreign countries.

a) Branch Network (Domestic) growth over the years - State Bank of India

Branch network SBI

b) SBI - Overseas Branches Network/Offices

Branch network Overseas Branches

c) Branch Network - Split of Overseas Branches/Offices - SBI

Branch network Split of overseas SBI

d) Branch Network : Overall Touch Points - SBI

Branch network SBI overall

SBI has 71,968 operating BCs, around 22,219 branches and 62,617 ATMs including 13,237 Automated Deposit & Withdrawal Machines (ADWMs). On an average, over 1.12 crore transactions per day route through SBI’s ATM Network.

With a presence across all time zones through 229 offices in 31 countries, SBI has gradually spread its wings across the globe and has become a pioneer of International
Banking among the Indian Public Sector Banks.

e) Digital Initiative taken by State Bank of India

During FY21, SBI bank took many Digital steps to empower the smoothness of operational process.

Moreover, SBI Bank has Strengthen its core Digital platform i.e YONO. YONO a low-cost mobile based payment
acceptance solution.

Company has extended its YONO platform to overseas. Currently its operating in the UK, Mauritius, Maldives, Bangladesh, Sri Lanka and Canada counties..

Interestingly, As on 31 March, 2021 over 40,000 overseas customers have been onboarded on the YONO platform.

SBI Bank plans to launch YONO platform, in Singapore, Bahrain, South Africa, and the USA by the end of FY2022.

(B) Branch Network : HDFC Bank Ltd

The Housing Development Finance Corporation (HDFC) is the largest private sector bank based on Balance Sheet size in India.

HDFC offers Saving Accounts, Current Account, personal loans, credit cards, car loans, consumer financial services, and forex cards, i Banking, etc. Moreover, HDFC had more than 1,20,093 employees.

a) Branch Network growth over last 6 years -HDFC Bank

Branch network HDFC Branch network

b) Region wise Branch Network - HDFC Bank

Branch network Region wise

c) Branch Network : Overall Touch Points - HDFC Bank

Moreover, company opened its Branches and representatives offices in following countries :

  • Manama (Bahrain)
  • Hong Kong
  • Dubai
  • Abu Dhabi
  • Nairobi (Kenya)
Branch network Total HDFC

As on 31st March, 2021 HDFC Bank Ltd has total 21,360 Banking outlets comprising 5608 branches (including 4 overseas branches) and 15,756 fixed point Business Correspondents (BCs).

The Bank covers covers 2,902 Cities and towns.

d) Digital Initiative taken by HDFC Bank

(a) HDFC Bank offers instant bank account services, which allows customer to open instant account with Just a Mobile, Aadhaar & PAN Card Number.

(b) Company took initiative of Automation of process of KYC through video calling to ensure the safety and comfort of Customers.

(C) Branch Network : ICICI Bank

Branch Network ICICI pic

ICICI bank is one of the most popular banks in India.

In 1955 World Bank, the Government of India and representatives of Indian industry took initiative to form ICICI. Further, in 1994  ICICI Bank's incorporation took place as a part of the ICICI group.

Its offering a wide range of services including online money transfer and tracking service, current, savings account, time deposits, recurring deposits.

Moreover, ICICI provides mortgage loans, automated lockers, prepaid and debit cards, credit cards, and ICICI Pocket; a VISA powered digital wallet.

a) Branches Network Growth - ICICI Bank

ICICI Bank has an extensive network of branches, ATMs and other touch-points.

Branch network ICCI Branches

As on March 31, 2021, ICICI Bank had a network of 5,266 branches with presence in over 3,025 locations in India.

Moreover, out of the Bank’s network of 5,266 branches, 51% were in rural and semi-urban areas with 649 branches in villages that were previously unbanked previously.

b) Overseas Branches/Offices - ICICI Bank

ICICI Bank also has branches outside India. Moreover, as on 31 March '21overseas branches of ICICI Bank exist in the United States, Singapore, Hong Kong, Bahrain, Dubai International Finance Centre, South Africa, China, Offshore Banking Unit (OBU) and IFSC Banking Unit (IBU), and representative offices in Bangladesh, Dubai, Abu Dhabi, Indonesia and Malaysia

c) ICICI Bank - Branch Network - Overall Touch Points

Branch network ICIC Overall touchpoints

d) Digital Initiative

Video KYC

ICICI Bank launched Video KYC to empower customers to complete the Know Your Customer (KYC) process through video interaction.

The Bank is the first in the industry to offer this facility for opening salary accounts, availing a personal loan and a credit card.      

Issued Credit Cards Digitally

The Bank issued close to 75% of all credit cards digitally to customers in FY2021.  

EMI @Internet Banking   

The ‘EMI @ Internet Banking’ service of ICICI Bank allows pre-approved customers to convert their high value online purchases into instant EMIs. The Bank is the first in the industry to introduce this facility.


ICICI Bank launched ‘ICICIStack’, the most comprehensive digital infrastructure. It enables millions of retail customers and businesses to continue uninterrupted banking services digitally, without visiting any bank branch.

ICICI STACK offers nearly 500 services to ensure uninterrupted banking experience to retail, business banking, SME and corporate customers.       

Moreover, ICICI Bank Launched  'iMobile Pay', 'WhatsApp Banking', 'CorpConnect' and 'DigitalLite' services to enable digital services.

Furthermore, ICICI Bank has launched InstaBIZ India's most comprehensive digital banking app for businesses offers over 200 banking products and services. It was specifically designed for small and medium enterprises (SME) and the
self-employed segment(.

D) Branch Network : Punjab National Bank

Punjab National Bank bank began operations in 1894. PNB was founded at Lahore (presently in Pakistan) as an off-shoot of the Swadeshi Movement. Presently, it is a state-owned bank with its corporate headquarters located in the Indian capital city of New Delhi. Also, as on 31 March, '21 PNB is the second largest Public Sector bank after SBI in India.

PNB Bank has 2nd highest no. of Branches PAN India. Moreover in PNB More than 1,03,000 employees are currently working on various designation.

a) Punjab National Bank (PNB) -  Branches growth over years

Branch network PNB Branches

In FY21 it was announced to amalgamate Oriental Bank of Commerce and United Bank of India with Punjab National Bank as anchor bank to give birth to India's second largest public sector bank with effect from 1st April, 2020.

b) PNB Bank -  Region wise Branches

Branch network PNB Region wise branches

PNB has one of the largest networks of 10,769 branches as on 31st March, 2021, comprising of 1,931 Metropolitan, 2,257 Urban, 2680 Semi Urban and 3,901 Rural branches. Rural and Semi Urban Branches (RUSU) comprise around 61 per cent of the Total Branch Network

c) Branch Network & Overall Touch Points - PNB

Branch network Overall touchpoints PNB

d) Split of Overseas Branches/Offices - PNB

Branch network PNB Split

At the end of FY21 PNB has its overseas presence in 7 Countries by way of 2 branches (1 at Hong Kong and 1 at Dubai), 2 Subsidiaries (London and Bhutan), 1 Joint Venture (Nepal) and 2 Representative Offices (Myanmar and Bangladesh).

Bank's Overseas branches are focusing on High Quality Medium/Long term Assets to build a diversified loan portfolio with low Credit Risk Weight to improve profitability

e) Digital Initiative by PNB

During FY21, the percentage share of digital transactions has improved to 56 percent with sharp increase in UPI transactions by 123 percent. Bank’s ‘One for All’ and ‘All for One’ Mobile Banking application, PNB ONE app crossed more than 20 million users as at the end of 31st March '21.

Bank also launched Trade Finance Redefined Portal to accelerate the growth of forex business.

Further, in order to on-board customers on digital channels, the ‘Digital Apnayen Campaign’ was
launched by PNB on 15th August 2020 where more than 83 Lakh customers were on-boarded.

(E) Branch Network Axis Bank

Axis Bank is the third largest private sector bank in India.

It was founded in 1993. Axis Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. 

Its headquarters are in Ahmedabad.

In 2007, the name was changed to Axis Bank. It offers consumer banking, corporate banking, credit cards, finance and insurance, investment banking, private equity, mortgage loans, wealth management, and more.

a) Branch Network Growth - Axis Bank

Branch network Axis Branch network

b) Region wise Branches - Axis Bank

As on year ending FY21 Axis Bank has 4,594 domestic branches and extension counters. Further Axis bank has 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. 

Moreover, the Bank’s geographical reach in India extends to 38 states and union territories, covering around 2,596 centres and 677 districts. Around 16 % of the Bank’s branches are in rural areas and 75% of the Bank’s rural branches are in unbanked locations

c) Branch Network Overall Touchpoints - Axis Bank

Branch network Axis Touchpoints

Axis Bank: Overseas Branch Network

The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses.

Digital Initiative

During the year the Bank launched LIME, India's first Mobile App integrating Wallet, shopping, Payments and Banking. This app of Axis Bank has already crossed 13 lakh downloads since launch.


During FY21 Axis BankTied up with Freecharge for gold loan and auto loan lead generation.

Video KYC

Bank launched a video KYC based ‘Full power Digital Savings Account’ that can be opened instantly and provides access to 250 plus services online.

E - Execution

Axis Bank launched an E-execution of loan documents for Wholesale Banking clients. Axis Bank customers can now
digitally sign documents from the comfort of their office/home by way of Aadhaar authentication.

During the year, Company launched outward remittance on mobile app and fully digital forex card issuance platform in the retail forex business to enhance the customer proposition.

Moreover, Axis Bank was awarded the 'Best Digital Bank' by Asiamoney and Financial Express during the year.

Recently, Axis has Launched 300+ branches under the platinum branch concept for Small Business Banking (SBB) that provides various finances.

Drop us your query at – or Visit

References:  Annual Reports, News Publications, Investor Presentations, Corporate Announcements, Management Discussions, Analyst Meets & Management Interviews, Industry’s Publications.

Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.

Leave a Reply

Your email address will not be published. Required fields are marked *


Recent Post

Have Any Question?

Do not hesitate to contact us. We’re a team of experts ready to talk to you.

+91 99882 75566

Connect With Us