Top 10 Private Banks in India 2017

Banking corporations are considered as the most prominent institution if we talk about private sector firms. We have scrutinized Top 10 Private Banks In India 2017 for the customers who are looking for best private banks with high interest rate. Now your wait is over, check out below given amazing private banking corporations along with saving accounts and interest rate details. The Private Banks Have earned popularity amongst people and achieved a special niche in the world of banking. These banks are known for highly competitive outlook and technological superiority. Check Out private Banks in India from below This Page.

Private sector is considered to be the best in offering excellence customized services and great personal interaction to its customers. Wow… no policies of reservation which excel in government banks in getting a job is the key factor which attracts young talent in this industry. These Banks are owned through either an individual or with limited partners. So have a look on the Best and largest private sector banks in India. You may avail best facilities here starting from deposits and withdrawal to mortgage loans, Insurance etc. Just open saving, current, or any account and avail the best facilities here.

1. HDFC Bank

Being ranked as number one private sector bank was established in 1994 with headquartered in Mumbai, Maharashtra. HDFC( Housing Development Finance Corporation Limited) not only provides deposits and withdraw facility but  Insurance, Credit cards, Loans, FOREX services and  Premium Banking are also taken into account. HDFC has been honored with “AIMA Managing India Awards 2015.

2. ICICI Bank

ICICI (Industrial Credit and Investment Corporation of India) is in the list of Best Private Banks in India. It is on second ranked in the best private sector banks. Founded in 1994, its headquarters are located 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.

3. Axis Bank

One of the third largest private sector bank founded in 1993 is headquartered in Mumbai, Maharashtra. It has 2,959 branches, 12,743 ATMs and nine international offices which is the result of its continuous growth and achievements. Services like credit cards, corporate banking, mortgage loans etc are the ingredient elements of this banking industry. Along with this, it also offers general insurance policy which includes health, motor car, home as well as life insurance.

4. Kotak Mahindra Bank

One of the largest private sector banks is headquartered 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.

5. 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, Full Service Commercial Bank” has steadily built a Corporate Finance, Investment Banking, Retail & SME Banking franchise, Financial Markets and Branch Banking.

6. Federal Bank

Earlier known by the name of Travancore Federal Bank was established in 1947 by Mr. K P Hormis. With thousands of branches across the country federal is headquartered in Kerala. Being very good at customer services like Corporate Banking, Loans, Insurance and NRI Banking, it take care of the emerging needs of the customers. Along with 1252 branches spread across 24 states it has around 1516 ATMs across the country. These ATMs may be used anytime in any part of the country.

7. Indusland Bank

Headquartered in Mumbai, Indusland 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, insurance etc. With the purpose of serving its customers with convenience, it has come up with electronic banking products and services. Along with this, it is specialized in many fields, such as Corporate & Investment, Financial Institutions and Private and Government Banking Institutions.

8. RBL Bank

RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. It currently services over 2 million customers through a network of 201 branches and 373 ATMs spread across 16 Indian states and Union Territories. RBL Bank has been recognised by the World Economic Forum as a ‘Global Growth Company’ (GCC). It has also been rated as ‘India’s Fastest Growing Small Bank’ for five consecutive years (2012, 2013, 2014, 2015 & 2016) as per Business Today - KPMG India’s Best Bank study.

Established in 1943, RBL Bank started a transformational journey under a new management team in 2010. Today, the Bank offers specialised services under six business verticals namely: Corporate and Institutional Banking, Commercial Banking, Branch and Business Banking, Agribusiness Banking, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations.

9. 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.

10. Bandhan Bank

Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited. Bandhan received the in-principle approval of the Reserve Bank of India (RBI) for setting up a universal bank in April 2014; the banking regulator gave its final nod in June 2015. Incidentally, Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence.

The RBI licensing norms stipulate that a new bank must have a ₹ 500 crore capital. Bandhan Bank starts with a capital base of ₹ 2,570 crore and this will soon rise to ₹ 3,334 crore as on March 31, 2016.This translates into more than 29.01% capital to risk weighted assets ratio or CAR for the new bank, signifying its robustness.

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