Comparedada gives you the basic information about the best Top Ten private sector banks in India to invest and transact with.
Indian banking system currently consists of around 25 private sector banks. All of them are doing their continuous efforts to make a big name in the country. A few of them have established their name over the past few years and many others are doing their best to reach a new level.
Private sector banks are a great help to the economy and continuously making effort to raise the economy of the country. The services they offer, make them evolve continuously, as the customer support system they have, is beyond words.
COMPAREDADA gives you the Top Ten Private Sector Banks in India:
#10 | KARUR VYSYA BANK
KARUR VYSYA Bank is one the leading bank in private sector with headquartered in Karur (Tamil Nadu). Being founded in 1916 by Athi Krishna Chettiar, it delivers excellent services to its customers. With around 7,500 employees, it has 550 branches in over 18 states across the country. Just open your account in KARUR VYSYA Bank and avail all the facilities like Retail banking, Commercial banking, Investment banking and many more.
#09 | BANDHAN BANK
#08 | FEDERAL BANK
The Federal Bank was initially known as Travancore. And surely it is one of the rare banks that have a great history that follows to it. The bank saw establishment even before the country got freedom. However in the year of freedom, the bank changed its name to the Federal bank and till now. Meanwhile it has made a mark in the banking industry.
Foundation by Mr. K P Hormis in 1947. With thousands of branches across the country federal houses its headquaters in Kerala. Being very good at customer services like Corporate Banking, Loans, Insurance and also NRI Banking, it takes care of the emerging needs of the customers. Along with 1252 branches spread across 24 states it has around 1516 ATMs across the country. The federal bank has also opened over 1000 ATMs in various cities of the country to help people get instant access to their money.
#07 | INDUSIND BANK
Headquartered in Mumbai, Indusind is among the largest private sector banks. To meet your personal needs, it offers a wide range of personal banking services including deposits, loans, cards and also insurance etc. With the purpose of serving its customers with convenience, it has come up with electronic banking products and services. Meanwhile with this, it is specialized in many fields, such as Corporate & Investment, Financial Institutions and Private and Government Banking Institutions.
#06 | STANDARD CHARTERED BANK
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.
This is surely one of the oldest banks in the country as it was established in 1858. The bank has opened over 95 branches in 42 cities which have made a big impact on the eyes of people and people have started showing faith in this bank. All the business owners and also various company owners have their business accounts in this bank as it provides one of the best services to its business clients with lots of facilities.
#05 | YES BANK
India’s fifth largest private sector Bank established in 2004 by Rana Kapoor is headquartered in Mumbai, India. Its achievements include “Honored by RBI in the last two decades” in the field of Greenfield Bank license. Not only this, but aslo Full Service Commercial Bank” has steadily built a Corporate Finance, Investment Banking, Retail & SME Banking franchise, Financial Markets and also Branch Banking.
Secondly Yes bank has become one of the most well-known private sector banks of India. With branches opened in almost every part of India, the bank has made a big impact in the banking industry. We can say that it is the fastest growing bank in the country. They have an aim to build the finest quality bank of the world in India surely by 2020. The bank has just completed 12 years in the banking industry.
#04 | KOTAK MAHINDRA BANK
One of the largest private sector banks KM houses its headquaters in Mumbai, Maharashtra. Having a network of 1,336 branches and 2,044 ATMs it is spread across 702 locations in the country. Earlier it was started as a non-banking company, named as Kotak Mahindra finance limited but later on after getting license it started its operations into banking sector. Through a variety of delivery channels, it offers services like Wholesale Banking, Privileged Banking, NRI Banking, Insurance and Finance to its customers.
In 2014, Kotak Bank acquired ING Vysya Bank in a deal valued at ₹15,000 crore (US$2.3 billion). Meanwhile with the merger, total employment will jump to almost 40,000, and the count of branches reached 1261. Post the merger, ING Group, which controlled ING Vysya Bank, will own a 7% share in Kotak Mahindra Bank.
#03 | AXIS BANK
#02 | ICICI BANK
ICICI (Industrial Credit and Investment Corporation of India) is one of India’s largest private sector banks in terms of its popularity as well as its annual profit. The bank has opened over 4400 branches in different cities of India and has also opened around 14000 ATMs in India for customer’s ease. It is the oldest among the new generation private sector banks and thus people show a good amount of faith in this bank. It is on second rank in the best private sector banks. Foundation laid in 1994, its headquarters houses in Mumbai, Maharashtra. Being the Indian multinational banking and financial services company, it offers banking facilities starting from deposits, withdrawals to loans, Insurance, Privilege Banking, credit cards and many more.
#01 | HDFC BANK
At no. 1 position is HDFC bank. Which is surely very famous among people for providing best quality banking services. The bank saw incorporation in 1994 and till date. Meanwhile they have opened around 4555 branches and more than 12000 ATMS in 2597 towns and cities. The bank also offers various financial services which also helps clients in various ways. People love HDFC bank due to the client service they provide which is better than all other banks.