6. Kotak Mahindra Bank: Established in 1985, the Kotak Mahindra group is one of India's best financial services conglomerates. In February 2003, Kotak Mahindra Finance, the group's flagship company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank - Kotak Mahindra Bank. Kotak Mahindra Finance Limited is the first company in the Indian banking history to convert to a bank.

7. Union Bank of India: It is a very old bank which was inaugurated by Mahatma Gandhi and was registered as limited company in Mumbai in 1919. It is listed on the Forbes 2000 and is one of the largest banks in the public sector. Union Bank of India is a member of Alliance for Financial Inclusion (AFI) and it actively promotes policies on financial inclusion. It is one of the best banks to avail car loans at the rate of 10.45 percent.