Banks are the place where we deposit our money and have loans. Banks are the financial institutes of the country. They were divided into several types but basically just 2 types. Which is private banks and Public banks. Private banks in India are financial companies whose more than 50% shareholders are private individuals or private companies. Public banks in India has more than 50% of the share near central or state governments.
Top private banks in India:
India has a good number of private banks under its feathers. Starting from 1929 upto 2004 there were different private banks are founded in India.
South Indian Bank:
One of the oldest private banks in India, founded on 1929 and head office in Kerala. The bank has spread across India with 948 branches and 1304 ATMs. It offers all banking services like, personal banking, corporative banking, NRI banking.
Federal Bank:
The second oldest private bank in India head office in Kerala started in 1931. Federal bank has 1,400+ branches and 1935+ ATM’s across India. They known for their client-centric approach.
Jammu & Kashmir Bank:
Indian private bank founded in 1938 and head office in Jammu. Spread across the country with 964 Branches and 1388 ATM’s. they provide digital banking solutions for domestic and international customers.
RBL bank:
RBL famously known as Ratnakar Bank, one of the private banks of India founded in 1943 and head office in Mumbai. They have marked across India with 324 branches and 314 ATMs.
Axis Bank:
It is one of Indian multinational private banks in India, started in 1993 head office in Mumbai. They have spread their wings with 4,903 Branches and 15,953 ATMs with their special governance in financial sector. They provide seamless forex services which used by most of their users.
HDFC bank:
Housing Development and Financial Corporation bank head office in Mumbai and started in 1994. HDFC is the largest private bank in India as per their revenue which is 2Lakh crore+. They made their national footprint with 8,324 Branches and 19,277 ATMs across India.
ICICI Bank:
ICICI an Indian multinational private bank founded in 1994 and head office in Mumbai. Their network across India with 5,900 branches and 16,650+ ATMs.
IndusInd bank:
It is one of the private banks in India with its different services. The bank was founded in 1994 and head office in Mumbai. Their network is of 2,782 branches with 2939 ATM’s across India.
Kotak Mahindra Bank:
Indian financial company was established in 1985 but emerged as a bank in 2003. They have recorded their mark with 1780 branches and 2964 ATMs.
Yes bank:
Founded in 2004 and head office in Mumbai. Yes bank is one of the fastest growing private banks in India. They have a foot printed nation with 1192 branches and 1301 ATMs.
All these mentioned banks are private banks in India with most common features present in their services. Gold investment is the common things every bank provides to their customers. But know more about RBI-supported gold and bonds investment.
