These 5 banks hold 50% of all deposits in India; Know more

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Government banks hold
75% of bank deposits

Source: BankBazaar Just five commercial banks hold 50% of all deposits in India, and the top 10 (of which 7 are government banks) account for 75% [{ "selector": ".mqpxg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-348.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".fxqxb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Indians love government
banks

Source: BankBazaar For every Rs 100 deposited in an Indian commercial bank, the share of government banks is a whopping Rs62 [{ "selector": ".qubcu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 432px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".rdfkl-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Share of foreign and small
finance banks is tiny

Source: BankBazaar Around Rs32 are deposited with private banks. Just under Rs 5 can be found with foreign banks, and the rest—just under Rs1—is with small finance banks and payment banks [{ "selector": ".onjia-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 412px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".jjwkj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

SBI at the forefront

Source: BankBazaar Holding a staggering 23% of the total deposits of commercial banks in India at Rs 40.5 trillion, SBI is not just a bank [{ "selector": ".ldizn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 432px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".zpqer-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

HDFC Bank leading in
private banks

Source: BankBazaar HDFC Bank , another banking giant, accounts for 9% of these deposits folding Rs 15.6 trillion in deposits [{ "selector": ".fqwsp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-349.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".kpiqg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Punjab National Bank at
the third position

Source: BankBazaar Punjab National Bank accounts for 6.67% of the market share holding Rs 11.5 trillion in deposits [{ "selector": ".beonj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 432px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".suttf-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Canara Bank at the
fourth position

Source: BankBazaar Canara Bank has 6.32% of the market share with Rs 10.9 trillion in deposits [{ "selector": ".jbxia-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 462px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".atmzb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

ICICI Bank at the fifth position

Source: BankBazaar ICICI Bank accounts for 6.20% of the market share with Rs 10.6 trillion in deposits [{ "selector": ".qxodt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 442px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".xuznj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Bank of Baroda at the
sixth position

Source: BankBazaar Bank of Baroda accounts for 6.09% of the market share holding Rs 10.5 trillion in deposits [{ "selector": ".lprmg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-349.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".wmjei-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

How India Saves

Source: BankBazaar India has Rs 171.82 trillion as total deposits with scheduled commercial banks. Out of this term deposits account for 56.3% at Rs 96.7 trillion. Savings bank accounts for Rs 57.1 trillion [{ "selector": ".ptrjr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-349.0001331676135px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".gdbrp-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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These 5 banks hold 50% of all deposits in India; Know more

Government banks hold 75% of bank deposits

Indians love government banks

Share of foreign and small finance banks is tiny