Best Private Banks in India
Which is the best private sector bank in India?
The private banks are being preferred by the people for their extraordinary banking services and proper customer relationship. Private Banks’ equity and shares are being held by private shareholders and not by the government. Based on their performance and customer satisfaction, the best private banks of India are listed below:
ICICI stands for Industrial Credit and Investment Corporation of India and is well known to everybody because of its extraordinary schemes benefitting the people. Started in the year 1994, ICICI bank is rated as India’s second-largest bank in 2018.
HDFC bank was started in the year 1994 with Mumbai as headquarters. They are known not just for their banking services like other banks but also provide FOREX services, credit cards, loans, banking facilities benefitting everyone.
Yes bank was started in the year 2004 with Mumbai as headquarters and ranked fourth-largest bank in India. The key aspect of Yes bank is RBI has honored its service in Greenfield Bank license. The Yes bank operates in three forms – Yes Bank, Yes Asset Management services and Yes capital
Axis bank was started in the year 1993 with Mumbai as headquarters and is the third-largest bank in India. They focus on mortgage loans, credit cards, loans and other premier banking services making the customer satisfied. Insurance is the main service offered by Axis bank for their customer’s needs.
Kotak Bank also called as Kotak Mahindra Bank belongs to the Mahindra Group of companies started in the year 2003 at Mumbai. They offer financial services, banking services, insurance benefitting the customer and became the second-largest private bank by 2019.
IndusInd bank with headquarters at Mumbai was started in the year 1994 and offers services in banking, consumer finance, insurance, commercial and transaction banking, operations of treasury and depository. Transaction banking was the main services introduced and offered by the bank
Federal Bank with its headquarters at Kochi, Kerala was started in the year 1931 as Travancore Federal bank later renamed as Federal bank. The branch offices are present in Dubai and Abu Dhabi. Federal bank is also known as a scheduled commercial bank.
RBL Bank with its headquarters at Mumbai, Maharashtra was started in the year 1943 was formerly known as Ratnakar Bank is also categorized as a scheduled commercial bank similar to Federal bank.
Karur Vysya Bank
Karur Vysya Bank with its headquarters at Karur, Tamil Nadu was started in the year 1916 for its services in banking and finance.