List Of Private Banks In India – In today’s time, if you have money, you should have a bank account too. The banking system plays a major role in boosting economic growth by efficiently allocating resources. It helps in promoting the economy by transforming your savings into investments.
Banks in India are regulated by the top Bank of India, i.e., the Reserve Bank of India. It is the most leading banking governing authority in India. In India, banks are categorized into distinct groups, and all of them have their own way of functioning, different target markets, benefits, and limitations.
A few banks operate in rural areas and are specifically engaged in serving small businesses, agriculture, small cottage industries, or self-help groups. On the other hand, commercial banks work in both rural and urban areas. Therefore, an effective banking system is vital for the good growth of the economy.
- 0.1 Types of Banks in India
- 0.2 What are private sector banks?
- 0.3 Variation between Private and Public Sector banks
- 1 List of Private Banks in India (2021)
- 1.1 1. HDFC Bank
- 1.2 2. ICICI Bank
- 1.3 3. Axis Bank Ltd
- 1.4 4. Kotak Mahindra Bank Ltd
- 1.5 5. IndusInd Bank Ltd
- 1.6 6. Yes Bank
- 1.7 7. Federal Bank
- 1.8 8. IDFC First Bank
- 1.9 9. South Indian Bank
- 1.10 10. Bandhan Bank
- 1.11 11. CSB Bank
- 1.12 12. City Union Bank
- 1.13 13. DCB Bank
- 1.14 14. Dhanlaxmi Bank
- 1.15 15. IDBI Bank
- 1.16 16. J&K Bank
- 1.17 17. Karnataka Bank
- 1.18 18. Karur Vysya Bank
- 1.19 19. Nainital Bank
- 1.20 20. RBL Bank
- 1.21 21. Tamilnad Mercantile Bank
- 2 Disclaimer
Types of Banks in India
Indian Banks are grouped into four major sections, which are:
1. Commercial Banks: These banks are further categorized into four categories-
- Private Sector Banks
- Public Sector Banks
- Regional rural banks
- Foreign banks
2. Small Finance Banks
3. Payments Banks
4. Co-operative Banks
What are private sector banks?
These are the banks in which the maximum stake of shares or equity is maintained and owned by private individuals. Initially, the Indian bank sector was dominated by the Public Sector banks, but after the 1990s, private sector banks came into existence and have grown immensely.
The reason for their quick growth was because they used the latest technology, used new monetary tools, and provided contemporary innovations.
In India, private sector banks are classified into two divisions
- Old Private sector banks (these banks emerged before 1968)
- New Private sector banks (these banks emerged after the 1990s)
Variation between Private and Public Sector banks
Here are some features that would illuminate the difference between private and public sector banks:
- The shares of public sector banks are owned by the government, whereas private shareholders hold the majority stake in private sector banks
- As a whole, there are 27 public sector banks and 21 private banks, along with four local area banks
- The total market share of public sector banks is 72.9%, whereas the share of private sector banks is 19.7%. Therefore, public sector banks are dominating the Indian Banking system
- Public sector banks have a significantly larger customer base than the private banks
- In public sector banks, there is a lot more transparency in terms of interest rate policies as compared to the private banks
- The interest rates on the deposits done in public sector banks are higher than private sector banks
List of Private Banks in India (2021)
Here is the list of top private banks in India:
|Sr. No||Name of the Bank||Branches||Establishment||Headquarter|
|1||Axis Bank||4528||1993||Mumbai, Maharashtra|
|2||Bandhan Bank||670+||2015||Kolkata, West Bengal|
|3||CSB Bank||417||1920||Thrissur, Kerala|
|4||City Union Bank||700+||1904||Kumbakonam, Tamil Nadu|
|5||DCB Bank||334||1930||Mumbai, Maharashtra|
|6||Dhanlaxmi Bank||270+||1927||Thrissur city, Kerala|
|7||Federal Bank||1284||1931||Aluva, Kochi|
|8||HDFC Bank||5430||1994||Mumbai, Maharashtra|
|9||ICICI Bank||5288||1994||Mumbai, Maharashtra|
|10||IDBI Bank||1892||1964||Mumbai, Maharashtra|
|11||IDFC FIRST Bank||260||2015||Mumbai, Maharashtra|
|12||IndusInd Bank||2000||1994||Pune, Maharashtra|
|13||J&K Bank||1038||1938||Srinagar, Jammu, and Kashmir|
|14||Karnataka Bank||857||1924||Mangaluru, Karnataka|
|15||Karur Vysya Bank||779||1916||Karur, Tamil Nadu|
|16||Kotak Mahindra Bank||1500+||2003||Mumbai, Maharashtra|
|17||Nainital Bank||150||1922||Nainital, Uttarakhand|
|18||RBL Bank||398||1943||Mumbai, Maharashtra|
|19||South Indian Bank||876||1929||Thrissur, Kerala|
|20||Tamilnad Mercantile Bank||509||1921||Tuticorin, Tamilnadu|
|21||YES Bank||1000+||2004||Mumbai, Maharashtra|
This table would help you get an insight into the establishment of the banks and the number of branches. Let us get to apprehend more about the best private banks in India:
1. HDFC Bank
It is said to be one of the biggest private banks in India in terms of complete assets and market capitalization. It is the first Bank that got ‘in-principle permission from RBI to establish a bank in the private sector as a division of RBI’s liberalization of the Indian Banking Industry in 1994.
In fact, their tagline itself is “We understand your world,” and they completely abide by it by offering great services. HDFC is one of the top-performing banks, and it comes under the listing of 100 most valuable brands across the world.
They give a big variety of financial products and services that includes wholesale & retail banking, all type of loans, treasury, and credit cards to its customers. Their banking network is also huge; globally, they have more than 5430 branches and 15292 ATMs.
- Revenue: Rs 105,161 Cr
- NIM: 4.3%
- Gross NPA: 1.36%
- CASA: 48%
- ATMs: 15292
- Branches: 5,430
- Customer Base: Over 49 Million
- Employees: 98,061
2. ICICI Bank
It is the second-largest private sector bank in India as its total consolidated assets were Rs.14.76 trillion in 2020. ICICI has a large network of branches nationwide; they have 5288 branches and 15158 ATMs across the country.
ICICI bank started in 1994, and its registered office is in Vadodara, Gujarat. They render an extensive range of financial products and services, including Fixed Deposits, loans, insurance, savings & current accounts, privileged banking, and Credit Cards.
They generate employment for more than 85000 people in the country. ICICI bank offers services to the customers via several delivery channels and its group companies.ADVERTISEMENT
- Revenue: Rs 84,353 Cr
- NIM: 3.61%
- Gross NPA: 6.7%
- CASA: 45.2%
- ATMs: 15158
- Branches: 5288
3. Axis Bank Ltd
It is the third-largest private sector bank in India. The list of private banks in India 2021 would be incomplete without including the name of Axis bank. After ICICI and HDFC bank, Axis has the maximum number of ATMs across the country. They have more than 12000 ATMs, 4533 cash recyclers, and 4528 branches in the country.
They offer numerous financial services, but some of the significant ones are home loans, corporate banking, mortgage loans, retail banking, MSME, wealth management, etc. Axis bank is also said to be the first new-generation private sector bank in India.
Axis Bank was incorporated in 1994, and its headquarter is in Mumbai. This Bank has international offices in 11 countries: Singapore, Dubai, Shanghai, Hong Kong, Colombo, and Gift City-IBU. It has its representative offices in Dubai, Abu Dhabi, Sharjah, Dhaka, and an overseas subsidiary in London, UK.
The international offices usually focus more on other services that they offer in India, such as corporate lending, syndication, trade finance, investment banking, and liability businesses.
- Revenue: Rs 56,044 Cr
- Gross NPA: 5.25%
- NIM: 3.56%
- CASA: 43.2%
- ATMs: 12000
- Branches: 4,528
4. Kotak Mahindra Bank Ltd
It has become one of the most popular banks in India after it acquired ING Vysya Bank in 2015. It started in 1985 as Kotak Mahindra Finance Ltd, but later it changed to Bank in 2003, and since then it has gained a lot of popularity in private sector banks by offering amazing products.
They got the license from RBI and became the first non-banking finance company in India to convert into a bank. They have majorly four units: Consumer Banking, Corporate Banking, Commercial Banking, and Treasury; this serves to retail and corporate sectors in both rural and urban areas in the country.
Kotak Mahindra Bank has more than 1500 bank branches and 2352 ATMs that cover over 744 locations. They give diverse services such as personal finance, investment banking, wealth management, general insurance, life insurance, etc. Their headquarters is in Mumbai.
- Revenue: Rs 31,346 Cr
- NIM: 4.3%
- Gross NPA: 1.9%
- CASA: 52.5%
- ATMs: 2,352
- Branches: 1,500
- Customer Base: 17 million+
5. IndusInd Bank Ltd
This is one of the best private banks in India. They kept this name because they were inspired by the Indus Valley civilization, which is the greatest ancient culture in the world. Induslnd bank offers great services to its customers and ensures that all its clients are completely satisfied.ADVERTISEMENT
It is a new generation bank that was incorporated in 1994 and had a widespread banking footprint. They offer a wide range of services that includes Loans, Deposits, Accounts, microfinance, Insurance, Investments, etc.
It is headquartered in Pune and has a huge network of more than 5000 distribution pints and over 2000 bank branches, and 2606 ATMs. Within the last couple of years, it has grown seamlessly and dynamically because they strive hard to provide banking services at par with their customers.
IndusInd Bank has offices in international places as well, which are Dubai, Abu Dhabi, and London. They have more than 8 crores customers and generate employment of more than 25,000 people.
- Revenue: Rs 24,154 Cr
- NIM: 4.05%
- Gross NPA: 2.15%
- CASA: 43.1%
- ATMs: 2,605
- Branches: 2000
- Customer Base: 9 million+
6. Yes Bank
It is one of the fastest-growing banks in India as it is doing an amazing job when it comes to serving its customers. It started in 2004, and since then, they are working hard on the mission of becoming the finest quality largest bank in India. Now, they have become a “Full-Service Commercial Bank” that even other banks look up to it.
The good part about this Bank is that they are a very customer-centric and service-driven Bank, and these two qualities would help them become one of the largest banks in India very soon.
Yes, Bank offers a wide range of products and services such as investment banking, corporate finance, branch banking, etc., to retail customers, MSME, and corporate. They have a pan-India presence in 28 states & 9 union territories, plus a representative office in Abu Dhabi and an IBU and GIFT city too.
It is headquartered in Mumbai and generates employment of over 18,000 people across the country.
- Revenue: Rs 20,269 Cr
- Gross NPA: 5.01%
- CASA: 30.2%
- NIM: 2.8%
- ATMs: 1,450+
- Branches: 1,120
7. Federal Bank
They have an interesting tagline that absolutely goes with the services they offer, i.e., “A perfect banking partner.” They render their users one of the most efficient and convenient banking solutions. It is one of the first traditional banks in India that made all its branches computerized as soon as the concept of digitalization started.
They started their services in 1931 as Travancore Federal Banks and later changed to Federal Bank. It is one of the oldest private banks in India, and they are headquartered in Aluva, Kerela. They generate employment of more than 12000 people in the country.ADVERTISEMENT
Federal Bank aspires to become one of the most admired banks in India, and the way they are moving, it seems that this is going to happen very soon.
They offer a big range of services: depository services, personal banking, insurance services, internet banking, mobile banking, NRI banking, online bill payment & fee collection, mutual fund products, insurance schemes, etc.
- Revenue: Rs 11,635 Cr
- NIM: 3.15 %
- Gross NPA: 2.99%
- CASA: 31.44 %
- Market Share: 1.13 %
- ATMs: 1,606
- Branches: 1,251
- Customers: 9.7 Million
8. IDFC First Bank
When you make the list of private banks in India, the name of IDFC First Bank should be included without a miss. The reason why its customer base is increasing is because of its range of exquisite banking products.
Initially, IDFC was established in 1997for financing infrastructure, and their prime focus was on project finance and mobilization of Capital for the development of private-sector infrastructure. In 2005, they expanded the business, and later, in 2013, they applied for a bank license to the RBI.
They got permission in 2014, and recently in 2015, they opened IDFC First Bank. Then in 2018, it merged with Capital First, which is a retail asset franchise.
They have been in the market for a very little time, yet they have a good customer base of 70 lakh people, and the best part is that 30 lakh people are from rural areas. IDFC First Bank’s headquarter is in Mumbai. They have a pan-India network of 260 branches and 140 ATMs.
They provide a plethora of financial services to retail customers, small businesses, and corporate.
- Revenue: Rs 9,098 Cr
- NIM: 3.15%
- Gross NPA: 2.66%
- CASA: 15.08%
- ATMs: 199
- Branches: 279
- Customer Base: 4 million live customers
9. South Indian Bank
It is again a very popular bank that is a must in the list of private banks in India 2021. The headquarter of this Bank is in Thrissur, Kerela, and the Bank was established back in 1929 during the Swadeshi movement. It is one of the oldest private banks and is the first Kerela-based Bank to implement Core Banking System.
Since the day it was established, and to date, they have maintained a good reputation because of the excellent services they deliver. The transparency with which they work is commendable. Their primary motive is to render people a reliable, efficient, and service-oriented financial institution to get loans at reasonable interest rates.
Because of their excellent services, they have an outstanding network of 876 branches, 53 extension counters, and 1334 ATMs across the country. You can see their ATMs and branches in 27 states and 3 union territories.ADVERTISEMENT
- Revenue: Rs 7,117 Cr
- NIM: 2.53%
- CASA: 24.1 %
- Gross NPA: 4.96 %
- ATMs: 1,400
- Branches: 870
10. Bandhan Bank
Bandhan Financial Holdings Limited (BFHL) is the main company, and Bandhan bank is its subsidiary. BFHL is a completely owned subsidiary of Bandhan Financial Services Limited (BFSL).
It came into existence in 2015, and it is headquartered in Kolkata. Their major focus is on serving an unbanked and under-banked population of the country. They respect all their customers equally, whether they are individuals, corporate or large companies.
Their banking solutions are fabulous, and they offer financial services in the form of asset & liability and products & services. Some of the primary services they offer to its customers are banking services, microfinance, MSME, and affordable housing finance to urban, semi-urban, and rural customers.
The private shareholders of BFSL are International Finance Corporation, IFC FIG Investment Company, Small Industries Development Bank of India (SIDBI), and Caladium Investment Pvt. Ltd.
- Revenue: Rs 7,208 Cr
- NIM: 10.45%
- Gross NPA: 2.04%
- CASA: 36.06%
- Customer Base: 17.27 million
- ATMs: 481
- Branches: 999
11. CSB Bank
It was formerly known as the Catholic Syrian Bank and is one of India’s oldest private sector banks as it was established in November 1920. Their headquarters are in Thrissur, Kerela. People in Maharashtra and Southern India prefer opening their accounts in CSB Bank because of the credibility and reputation they have maintained.
They have around 417 branches and more than 300 ATMs across 18 states and 2 union territories. CSB bank operates in four major areas: corporate banking, SME banking, retail banking, and treasury operations. They are currently working on expanding their services by doing investments in technology so that they can improve the customer experience.
They have more than 3200 people working under them to render efficient customer services. It became a scheduled bank in 1969, and in 1975, it entered the field of International Banking.
- Revenue: Rs 599.24 Cr
- NIM: 3.20%
- CASA: 29.04%
- ATMs: 310
- Branches: 417
- Gross NPA: 3.05%
- Customer Base: 1.5 million
12. City Union Bank
This is one of the top private banks in India that offers numerous services to its customers such as retail banking, enterprise banking, loans, MSME, NRI banking, gold loan and serves the need of the agriculture and education industry as well.ADVERTISEMENT
The Bank was established as a limited company in 1904 and was named Kumbakonam Bank Limited. It is headquartered in Kumbakonam, Tamil Nadu. They started expanding in 1930 when they opened their first branch in Mannargudi, and then after almost 50 years in 1980, they opened their branch outside Tamil Nadu in Sultanpet.
They have strived hard since then to maintain this position and have opened 700 branches and 1762 ATMs all over the country.
- Revenue: Rs 1209.95 Cr
- NIM: 4.12%
- CASA: 6.20%
- ATMs: 1762
- Branches: 700
- Gross NPA: 4.09%
13. DCB Bank
It is a new generation private bank and has deep roots in India since it was established in the 1930s. It is a scheduled commercial bank that is regulated by RBI. It has 347 branches across the 18 states and 2 union territories. They have contemporary technology and infrastructure, such as state-of-the-art banking for both personal and business banking customers.
The financial services that DCB bank offers to its customers are retail, micro-SME, SME, mid-corporate, government, public sector, Indian banks, co-operative banks, agriculture, commodities, and NBFC. This Bank is professionally managed and governed.
Their branches are spread all over the country, is in Andhra Pradesh, Bihar, Chhattisgarh, Daman, Delhi/ NCR, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Silvassa, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
They wish to become the most innovative and responsive Bank in India and treat everyone with dignity and so what is right.
- Revenue: Rs 96.21 Cr
- NIM: 3.67%
- CASA: 23.34%
- ATMs: 112
- Branches: 347
- Gross NPA: 2.15%
- Customer Base- 600000
14. Dhanlaxmi Bank
This is again an old bank that is a must to be included in top private banks in India. This Bank was established on 14th November 1927, and since then, it has maintained its trust and goodwill with its clients. Enterprising entrepreneurs started this Bank at Thrissur with a capital of Rs.11 000.
Dhanlaxmi bank has been recognized as a scheduled bank by the RBI. In the year 2010, its name was changed to Dhanlaxmi bank as before that it was called Dhanalakshmi bank. They try to stay abreast with the latest technologies; in 2015, they launched a mobile called “Dhan Smart” to ease transactions for the customers.
They have opened 181 bank branches across the country and 26 extension counters. Their vision is to become a strong and innovative bank and want to take the social responsibility to maximize customer satisfaction.
- Revenue: Rs 65.78 Cr
- Net Profit- Rs11.67 Cr
- NIM: 3.21%
- CASA: 33.40%
- ATMs: 112
- CRAR: 14.41%
- Gross NPA: 5.90%
- Total deposits growth- 2.84%
15. IDBI Bank
It is a full-service universal bank that offers a huge range of financial services to its customers. Some of the major services that they offer are deposits, loans, payment services, and investment solutions. They understand the customer’s needs pretty well and ensure to deliver remarkable financial solutions and excellent customer services.
As per today’s changing world and it’s needs, they are keeping up with the latest technologies so that they can provide a unique range of digital services that would go well with their pan-India network of branches and ATMs.ADVERTISEMENT
They have their customer support available 24*7 so that if you face any issue or trouble, you can get help immediately. IDBI Bank offers a perfect combination of innovation, safety, and convenience in all transactions and services.
They aim to become “the most preferred and trusted bank enhancing value for all stakeholders’ defines and shapes our day-to-day business, helping us to build long-lasting relationships.”
- Revenue: Rs 135.39 Cr
- Net Profit- Rs378 Cr
- NIM: 2.87%
- CASA: 47.74%
- ATMs: 3394
- Branches: 2095
- Gross NPA: 23.52%
- Total deposits growth- 2.85%
16. J&K Bank
It is a universal bank in Jammu & Kashmir and Ladakh and is a specialized bank in the rest of the country. This is also a pretty old bank that was established back in 1938. They are headquartered in Srinagar, Jammu, and Kashmir. They are also recognized as the agent for RBI for baking business and carrying out banking business requirements of Jammu & Kashmir and Ladakh, plus they also collect central taxes for CBDT.
Their business model is pretty different from other banks as they work on the two-legged business model, wherein they try and increase lending in the home territory and search to capture niche lending opportunities on a pan-India basis.
J&K bank has a total of 1038 branches and 1340 ATMs nationwide. They operate on the principle of “socially empowering banking” and yearn to deliver excellent financial services for small and medium enterprises plus for retail customers as well.
- Revenue: Rs 6.50 Cr
- Net Profit- Rs 43.93 Cr
- NIM: 3.86%
- CASA: 53.32%
- ATMs: 1382
- Branches: 956
- Gross NPA: 8.87%
- Total deposits growth- 10%
17. Karnataka Bank
The tag line of this Bank is very impressive, just like its services, i.e., “Your family bank across India.” The good thing about this Bank is that they treat every customer special and understand that all customers have unique needs. Regardless of the size of your business, they understand the needs and provide excellent financial solutions.
Karnataka Bank provides a comprehensive range of customized products and services that are perfect for trade, market, business, and personal use. Some of the significant services they offer are borrowing facilities, offering maximum returns on surplus funds, deposits, or helping with overseas transactions.
You can be completely sure about the quality in all aspects of their solutions and services with them. Karnataka Bank is updated with the latest technology so that it can match your expectations for today and the future.
- Revenue: Rs 315.73 Cr
- Net Profit- Rs 196.38 Cr
- NIM: 3.08%
- CASA: 29.17%
- ATMs: 1026
- Branches: 862
- Gross NPA: 3.97%
- Customer base- 10.21 million
18. Karur Vysya Bank
This Bank was set up in 1916 to provide financial support to traders and agriculturists in Karur; it is a town in Tamil Nadu. It carries the tradition for 103 years and has become one of the top financial institutions in the country.
With a lot of hard work and precision, they have 782 branches and 1685 ATMs in 20 states and 3 union territories. They provide a plethora of financial services to millions of customers under one roof.ADVERTISEMENT
Karur Vysya Bank has a different way of working as per their directors they wish to “Delight customers continually by blending tradition with technology to deliver innovative products and services at affordable rates through a pan India branch network.”
Their mission is to strengthen the financials by maximum utilization of funds and to ensure financial discipline. They plan to adapt to the new technology to provide innovative products and services to their customers.
- Revenue: Rs 107591 Cr
- Net Profit- Rs 84 Cr
- NIM: 3.44%
- CASA: 33.86%
- ATMs: 1685
- Branches: 782
- Gross NPA: 2.99%
19. Nainital Bank
This Bank was established in 1922 to fulfill the baking needs of the people in that region. Later, in 1973 RBI advised the Bank of Baroda to manage the affairs of this Bank. It gained a lot of customer base because of the amazing services that they offer. Today they have opened 160 branches that are in Delhi, Haryana, Uttar Pradesh, Uttarakhand, and Rajasthan.
All branches of Nainital Bank are operating on the CBS platform. Some of the significant services they offer are RTGS, NEFT, SMS Alerts, RuPay ATM cum Debit Card, NainiNet Internet Banking, and Mobile Banking facilities.
People prefer using the services of this Bank because it is a customer-centric bank and offers quick and personalized services to its customers in the best possible way.
- Revenue: Rs 11797.46 Cr
- Net Profit- Rs 44.85 Cr
- NIM: 2.72%
- CASA: 2.50%
- ATMs: 1685
- CRAR: 12.94%
- Gross NPA: 4.89%
20. RBL Bank
It is one of the fastest-growing private banks in India, and it is expanding its services and branches all over the country. Currently, they have 403 bank branches, 1344 business correspondent branches, and 412 ATMs across 28 states and Union territories.
This Bank was initially known as Ratnakar bank when it was founded in 1943. They are headquartered in Mumbai. RBL has expertise in majorly six areas: corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets, and Treasury and Financial Markets Operations.
They yearn to become a bank that is everyone’s choice by offering quick and unique financial solutions. RBL team says that they have customers at their heart; employees are their pillar, and shareholder value is their focus. To achieve all this, they offer best-in-class products and services plus offer an environment where employees can work comfortably.
- Revenue: Rs 147.1 Cr
- NIM: 4.93%
- CASA: 18%
- ATMs: 412
- Branches: 403
- CRAR: 17.9%
- Gross NPA: 1.84%
- Customer Base: 8.76 million
21. Tamilnad Mercantile Bank
In the list of private banks in India, Tamilnad is again one of the oldest banks. It was founded in 1921, and at that time, it was named Nadar Bank, and later in November 1962, it changed its name to Tamilnad Mercantile Bank. It is headquartered in Thoothukudi, Tamil Nadu.
They excel in various financial services such as internet banking, mobile banking, tab banking, loans, fixed deposits, online bill payment, and much more. Tamilnad Mercantile Bank has opened 509 branches, 12 regional offices, 11 extension counters, and 11151 ATMs across the country.
They have the vision to open more branches to serve more and more people by providing those services at the most reasonable prices.
- Revenue: Rs 408 Cr
- NIM: 3.03%
- CASA: 16.48%
- ATMs: 11151
- Branches: 509
- CRAR: 14.31%
- Gross NPA: 3.62%
This was the list of private banks in India 2021; all of them excelled in some of the other services. It depends on you what financial service you require but makes sure that you compare both the pricing and transparency in policies before opting for any bank.
Q1) How many private banks are there in India?
In 2020, many banks got merged, and now there are 21 private banks in India as of 2021.
Q2) Which are the 21 private banks?
Here is the list of all the private banks for you:
|Sr. No||Name of the Bank|
|4||City Union Bank|
|11||IDFC FIRST Bank|
|15||Karur Vysya Bank|
|16||Kotak Mahindra Bank|
|19||South Indian Bank|
|20||Tamilnad Mercantile Bank|
Q3) Which is the No 1 private bank in India?
Although, all the banks are good and it totally depends on your requirement which bank suits you. But, as per total sales and market capitalization, HDFC wins the number one private bank in India. In fact, it has the highest turnover of Rs. 101,561 Cr the previous year.
Bottom line, this was the list of private banks in India, which comprises 21 big and reliable banks. HDFC is the largest private Bank as per its total assets and turnover of last year. But, as mentioned earlier, choosing the appropriate Bank for yourself would depend on your financial requirements as some banks provide utmost security, a few are reasonable, some may have remarkable customer services, and a few might be the combination of these qualities. So, choose the best and enjoy their excellent services. Happy banking!!
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