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While there are many banks, the "Big Four" are most popular because they have the most ATMs and student-specific fee waivers.
You do not need an Australian address to start the application from India. You will need:
Visit the "International Student" page of your chosen bank. Fill in your passport details and CoE info. You don't need to deposit money immediately, but you can.
The bank will email you your Account Number and BSB. You can now transfer your tuition or living expenses from your Indian bank (SBI, ICICI, HDFC, etc.) to your new Australian account.
Once you arrive in Australia, visit your nominated branch in person. This is mandatory. * Bring: Your physical passport and your CoE.
Once you have your Tax File Number (TFN) from the Australian Tax Office (ATO), log into your banking app and add it. If you don't do this, the bank is legally required to tax any interest you earn at the highest rate (45%).