Top Private Banks: In a country like India where there is a variation of population ranging from BPL to Rich. Amid this, if still, the country stands to be one of the biggest and powerful economies in the world then all thanks to heterogeneity at the level of the banking sector.
With 12 Public sector, country manages to have 22 Private sector banks both of these working very effectively and providing the best services to the citizens and helping to uplift the economy of nation.
Amongst the list of 22, we have 10 private banks that stand top in the list and this ranking is as per RBI (Reserve Bank Of India).
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List of 10 Top Private Banks In India
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Yes Bank
- Federal Bank
- IndusInd Bank
- RBL Bank
- J&K Bank
- South Indian Bank
HDFC Bank
| Established In | 1994 |
| Headquarters | Mumbai |
| Net Income | Rs. 21,078 crores in the year 2019 |
| Revenue | Rs. 1.17 Lakh Crores |
| Branches | 5,103 branches |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Bonds & Securities, Mutual Funds, Safe Deposit Locker, Money Transfer, Recharge, NRI Banking facilities, SME Banking facilities, Agricultural Banking facilities, and more.
ICICI Bank
| Established In | 1994 |
| Headquarters | Mumbai |
| Net Income | Rs.3,363 Crores in the year 2019 |
| Revenue | Rs 73,913 Crores |
| Branches | 5,324 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Tax solutions, Investments, Agriculture & Rural finance, Pockets, and more.
Axis Bank
| Established In | 1993 |
| Headquarters | Mumbai |
| Net Income | Rs.857.59 Crores as of 2019 |
| Revenue | Rs.41,409.25 Crores |
| Branches | 4,528 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Forex, Investments, FASTag, Business Banking, Priority Banking, NRI Banking, and more
Kotak Mahindra Bank
| Established In | 2003 |
| Headquarters | Mumbai |
| Net Income | Rs. 8,593.36 crores |
| Revenue | Rs. 28,547.24 Crores |
| Branches | 1,600 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Investments, Payments, and NRI Banking services.
Yes Bank
| Established In | 2004 |
| Headquarters | Mumbai |
| Net Income | Rs. 6,518.37 crore |
| Revenue | Rs. 25,419 crores in the year 2019 |
| Branches | 1,000 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, YES Privileges, YES Premia, Safety Deposit Lockers, Government Schemes, NRI Banking, Business Banking, Wealth Management, Digital Banking services, and more.
Federal Bank
| Established In | 1931 |
| Headquarters | Kochi |
| Net Income | Rs. 1,542.78 crores |
| Revenue | Rs. 10,911.98 Crores in the year 2018 |
| Branches | 1,696 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, NRI Banking, Business Banking, Online Trading, Investment, and more.
IndusInd Bank
| Established In | 1994 |
| Headquarters | Mumbai |
| Net Income | Rs. 4,417 crores |
| Revenue | Rs. 36,002 crores |
| Branches | 1,558 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Investments products, Payment products, Foreign Exchange, NRI Banking, Pioneer Banking, Business Banking, Corporate Banking, and more.
RBL Bank
| Established In | 1943 |
| Headquarters | Mumbai |
| Net Income | Rs. 866.95 crores |
| Revenue | Rs. 7,743.08 Crores in 2019 |
| Branches | 386 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, Aspire Banking, Signature Banking, Safe Deposit Lockers, NRI Banking, Business Banking, and more.
J&K Bank
| Established In | 1938 |
| Headquarters | Shrinagar |
| Net Income | Rs 2,262.94 crore |
| Revenue | Rs. 7,178.66 crores. |
| Branches | 1,038 |
Services offered include: Loans, Cards, Account, Deposits, Insurance, NRI Banking, Payment Solutions, Government Sponsored Schemes, and more.
South Indian Bank
| Established In | 1929 |
| Headquarters | Thrissur |
| Net Income | Rs. 392.5 crores |
| Revenue | Rs. 6,562.64 crores |
| Branches | 871 |
Services offered include: Loans, Account, Deposits, Insurance, Mutual Funds, Money Transfer, Priority Banking, NRI Banking, Business Banking, and Online Banking services.
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To Sum Up
So this was all about the top private banks in India. Hope this article helps you in choosing the best place for keeping your money safe and investing in a right way.
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