- 1 Top 10 Private Banks in India | Best Private banks in India
- 1.1 10. Bandhan Bank
- 1.2 9. RBL Bank
- 1.3 8. Karur Vysya Bank
- 1.4 7. Indusland Bank
- 1.5 6. Federal Bank
- 1.6 5. Yes Bank
- 1.7 4. Kotak Mahindra Bank
- 1.8 3. Axis Bank
- 1.9 2. HDFC Bank
- 1.10 1. ICICI Bank
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Post also includes the idea regarding liberalization, privatization, and nationalization of the banks. The post also includes best private banks in India all legit and real records related to establishment, founder, revenue, profit, total assets and much more about the banks.
You will be able to know about every use-full detail regarding ratio, Foundation, Headquarters, Products and other information of Top Indian Private Banks. These banks are famous for quality based products and customer centric service. If you are hungry for the best private sector banks, then don’t miss to read this article.
Private Sector banks in India
It is noticeable in India that banks are the most significant and dominant sector which directly and indirectly affects a lot to our national economy. Since 1991, after post independence, many reforms are seen in Indian economy due to liberalization and nationalization of banks.
Currently, we are living in the country where you can have all data and information regarding banks and financial centers on your fingers. We are moving a little faster towards increasing national economy and financial market as well as systems. The banks are been the most influential character in this position of the country.
Many banks in India were nationalized by the Government of India back in 1969. Thirteen banks were nationalized by the National Government including the Bank of India, Bank of Baroda and many others. RBI (Reserve Bank of India) was the first private bank which was nationalized by the India Government.
Top 10 Private Banks in India | Best Private banks in India
- It is noticeable that facts and figures are in Indian Rupees INR.
10. Bandhan Bank
The bank was founded by Mr. Chandra Shekhar Ghosh. Bank was consolidated on 23rd December 2014. In 2001, first, the company was started as Micro Finance company. When the bank officially inaugurated by Indian Finance Minister Arun Jaitley in 2015, they come to start with 501 bank branches, 2022 Door Step Service Centres (DSCs) and 50 Automated Teller Machines (ATMs).
In present, the bank has 841 branches, 2,444 DSCs, and 383 ATMs. The bank started with the capital base of 2,570 Crore and currently, they announced to rise up to 3,334 Core in 2016. They are serving more than 11 Million customers these days.
They work with the slogan, “Aapka Bhala, Sabki Bhalai.” The bank is managed by owner himself Mr. Chandra Sekhar Ghosh as Managing Director as well as CEO (Chief Executive Officer). You can read more about bank at Bandhan Bank Official Website.
Bandhan Bank Facts & Figures
|Trading Name||বন্ধন ব্যাঙ্ক (Bengali)|
|Headquarter||Kolkata, West Bengal, India|
|Parent Company||Bandhan Financial Services Limited (BFSL)|
|Capital Base||3,334 Crore|
9. RBL Bank
The bank was founded back in August 1943. Currently, RBL is connected to over 20 lacks of customers with a very large network chain of 237 bank branches and over 375 Automated Teller Machines (ATMs). The bank is spread in most parts of India including 16 different states and other union territories.
The has been awarded by Business Today-KPMG Best Bank as India’s best bank in small sized bank segment for 5 consecutive years including from 2012 to 2016. On August 31st, 2016, The Bank was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Bank was usually identified as the NH4 Bank because a majority of its market and trading was sourced from towns in and throughout the 1,235-kilometer-long National Highway 4 that connected four of the 10 most populated cities in India.RBL Bank is currently managed by Vishwavir Ahuja as Managing Director & CEO.
The RBL bank provides many services like Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking, Financial Markets and much more. You can read more about the bank at RBL Official website.
RBL Bank Facts & Figures
|Formerly Known as||Ratnakar Bank Limited|
|Headquarter||Kolhapur, Maharashtra, India|
|Net Income||292 crore|
|Total Assets||39,161.08 Crore|
8. Karur Vysya Bank
The bank was founded back in 1916 by M. A. Venkatarama Chettiar & Athi Krishna Chettiar. Thay started with 1 lack rupees at that time. And currently, the bank has an entire business of Rs. 95135 Crore INR. including total deposits of 53700 Crore INR as well as total credits of 41435 Crore INR. The bank operates their financial and banking works with the huge network of 714 bank branches, 447 Cash Deposit / Recycler Machines and 1750 ATMs.
The bank provides all services including Consumer banking, Investment banking, Wealth Management, Credit Cards, Corporate banking, Finance and Insurance, Mortgage loans, Private banking. You can read more official about bank at Karur Vysya Bank Official Site.
Karur Vysya Bank Facts & Figures
|Trading Name||கருர் வைஸ்யா வங்கி (Tamil)|
|Establishment||25th of July 1916|
|Headquarter||Karur, Tamil Nadu, India|
|Total Assets||57,663.72 crore|
7. Indusland Bank
The bank was founded by Mr. Srichand P. Hinduja. IndusInd Bank is listed 19th amongst the Best 50 Most Valuable Indian Brands 2014 as per the BrandZ Top 50 rankings powered by the WPP and Millward Brown. Also, the Bank has bagged the 39th rank in The Economic Times and Interbrand Best Indian Brands Study. The bank also ranked as Awarded as the ‘Best Bank 2015’ by Business India.
The bank currently operates more than 1,004 branches, and 1885 ATMs spread across 625 geographical locations of the country. The bank also has overseas offices and financial centers in London, Dubai and Abu Dhabi. For more about the bank please take a visit to their official site at IndusInd Bank Official Website.
IndusInd Bank Facts & Figures
|Owned By||Hinduja Group|
|Headquarter||Mumbai, Maharashtra India|
|Total Assets||10054 Crore|
|Capital Amount||100 Crore|
6. Federal Bank
The bank primarily was founded as Travancore Federal Bank by Oommen Geevarghese. After that, the bank was succeeded as Federal Bank as was established by Kulangara Paulo Hormis. The bank presently has numbers as approximately 8,016,896 Happy Customers, 1,252 Bank Branches, 1,681 ATMs and 203 CDMs which is numerous.
Now the bank provides its services in 25 States, Delhi NCT and 4 Union Territories. The bank also has been listed on BSE, NSE, and London Stock Exchange. Currently, the Federal Bank received “Runner Up” award for maximum RUPAY cards issued bank – 2016 and won the award for the best use of Digital and Channels Technology among Small banks in the IBA Banking Technology Conference, Expo & Awards 2017. Read more about the bank at Federal Bank Official Website.
Federal Bank Facts & Figures
|Formerly Called||Travancore Federal Bank|
|Establishment||April 23, 1931|
|Headquarter||Kochi, Kerala, India.|
|Net Profit||475 Crore|
|Balance Sheet||137000 Crore|
5. Yes Bank
The bank was founded by Rana Kapoor & Ashok Kapur. The bank provides you branch banking network of over 1000 Branches and 1,800 ATMs across all 29 States and 7 Union Territories of India. Many of the special branches are also operated by the bank. It notable that Yes Bank is the single Greenfield Bank license awarded by the RBI since last two decades. Currently, the bank announced the growth as 24% in Net Profile, 3.2% Investment in Net Interest, 22.9% in Deposits, and 33.1% in CASA RATIO.
The bank currently awarded as Bank of the Year, India The Banker London – 2015, Strongest Bank in India by Balance Sheet The Asian Banker Awards Singapore – 2015 and First and Only Indian Bank included in Dow Jones Sustainability Index New York – 2015. Read more about the bank at Yes Bank Official Website.
Yes Bank Facts & Figures
|Total Assets||91,000 crore|
|Net Income||3,000 Crore|
|Balance Sheet||1,23,200 crore|
4. Kotak Mahindra Bank
The bank was founded by Mr. Uday Kotak in 1985 and he is currently Executive Vice Chairman & MD of the bank. Kotak Mahindra Bank has a wide chain of 1,369 bank branches throughout 689 locations and 2,163 ATMs all across the country. On April 1, 2015, Reserve Bank of India (RBI) approves the merger of ING Vysya Bank with Kotak Mahindra Bank. The bank acquires 15% ownership stake in Multi Commodity Exchange of India Limited (MCX).
Currently, the awarded as Best Corporate & Investment Bank for India at Asiamoney Best Bank Awards 2017 – India and Fastest Growing Midsized Bank 2017 at Business Today-Money Today Financial Awards. Read more about the bank at Kotak Bank Official Site.
Kotak Mahindra Bank Facts & Figures
|Total Assets||1,01,112 Crore|
|Net Income||3,431.12 crore|
|Number of employees||46,500+|
3. Axis Bank
Axis Bank was founded back in 1993 as Unit Trust of India (UTI). The bank has the wide network of 3,304 domestic bank branches and 14,163 ATMs all across the country India. The overseas transactions and services of the Bank are spread over 9 international agencies with branches in Hong Kong, Dubai, Singapore, Colombo, and Shanghai. The bank also has representative offices in Dhaka, Dubai, Abu Dhabi. And also an overseas subsidiary in London, UK.
The bank has managed consistent growth and with a 5-year CAGR (2011-12, 12-13, 13-14, 14-15, 15-16 & 16-17) of 16% in Total Assets, 13% in Total Deposits, 17% in Total Advances. In 2005, Axis Bank got listed on LSE (London Stock Exchange). Currently, Axis Banks wins many awards for the ‘Best Use of Mobile within a Loyalty Strategy’ at the Loyalty Awards 2017, ‘Best Use of Partnership in a Loyalty Program’ at the Loyalty Awards 2017, the ‘Best Rewards Program’ for the 3rd consecutive year at the Loyalty Awards 2017 and much more. Read more about the bank at Axis Bank Site.
Axis Bank Facts & Figures
|Headquarter||Mumbai, Maharashtra, India|
|Balance Sheet||6,01,468 crores|
|Net Income||8,357.59 Crore|
|Total Equity||476.57 Crore|
2. HDFC Bank
The HDFC was the largest bank in India by market capitalization 2016 and It was also ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. But in 2017, the ICICI overtook the bank from the point of view of Total Assets. The Bank has a wide network of 4,727 bank branches and 12,220 ATM’s in 2,666 cities/towns all across the India.
Housing Development Finance Corporation Limited (HDFC) was the first bank to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
- Best Private Sector Bank – Retail
- Best Private Sector Bank – Digital Banking (Mobility)
- Best Private Sector Bank – Asset Quality
- Best Private Sector Bank – Overall
Read More about bank at HDFC Bank Official Website.
HDFC Bank Facts & Figures
|Headquarter||Mumbai, Maharashtra, India|
|Total Assets||8,63,840 Crore|
1. ICICI Bank
ICICI Bank is India’s largest private sector bank with total consolidated assets of Rs. 9,860.43 billion (US$ 152.0 billion) at March 31, 2017, and profit after tax of Rs. 98.01 billion (US$ 1.5 billion) for the year ended March 31, 2017. ICICI Bank has a wide network chain of bank branches and ATMs as in number; 4,850 Bank Branches and 13,859 ATMs all across the country India.
ICICI Bank has a wide network chain of bank branches and ATMs as in number; 4,850 Bank Branches and 13,859 ATMs all across the country India. The bank also has overseas offices, financial centers, and bank representative offices in the United Kingdom, United States, Canada, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai, China, South Africa, United Arab Emirates, Bangladesh, Malaysia and Indonesia.
The bank won awards including;
- ‘Service Sector-Mega: Banking, Financial Services and Insurance’ category at the National Awards for Excellence in Cost Management.
- ‘Best Private Sector Bank – Rural Reach’ category at the ‘Dun & Bradstreet Banking Awards 2017.
- ‘Commercial Building’ category at the State Level Energy Conservation Award, organized by Maharashtra Energy Development Agency (MEDA). and Much more.
Read more about bank at ICICI Bank Official Website.
ICICI Bank Facts & Figures
|Headquarter||Mumbai, Maharashtra, India|
|Total Assets||9,86,043 Crore (US$ 152.0 billion)|
|Operating Income||26,240 Crore|
|Total Equity||98,560 Crore|
|Profit||9801 Crore (US$ 1.5 billion)|
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