India’s best banks in 2024 announced in BT-KPMG Survey. No J&K bank in top 10

New Delhi: The 29th BT-KPMG Survey of India’s Best Banks and NBFCs has announced the top banks and fianncial institutions in India in 2024.

According to a circular received by Ziraat Times, the survey evaluated banks and financial institutions based on various performance metrics.

The rankings reflect the banks’ performance in areas such as growth, asset quality, profitability, and digital innovation. The survey provides valuable insights into the evolving dynamics of India’s banking sector.

The top 10 banks, as per this survey, are:

1. HDFC Bank
   Recognized for its consistent performance, extensive digital banking services, and strong customer base.

2. State Bank of India (SBI)
   India’s largest public sector bank, noted for its vast network and comprehensive range of services.

3. ICICI Bank
   Acknowledged for its innovative banking solutions and robust financial growth.

4. Kotak Mahindra Bank
   Praised for its strong asset quality and customer-centric approach.

5. Axis Bank
   Highlighted for its expanding retail banking segment and digital initiatives.

6. IndusInd Bank
   Recognized for its diversified loan portfolio and steady financial performance.

7. Bank of Baroda
   Noted for its extensive international presence and comprehensive banking services.

8. Punjab National Bank (PNB)
   Acknowledged for its large customer base and efforts in improving asset quality.

9. Yes Bank
   Praised for its recovery efforts and focus on strengthening its balance sheet.

10. IDFC First Bank
    Highlighted for its rapid growth in the retail banking sector and customer-friendly products.