Best Private Banks In India
Banking industry India is one of the largest and top growing industry and backbone of Indian economy. Where private banks plays an important role and valuations of private banks are mostly higher then those Nationalised banks. So here is the list of Top 10 Best Private Banks in India.
Criteria To Be in Top 10 Best Private banks In India
- Customer Service and Support
- Market Capitalization
- Asset Size
- Loan Book
Top 10 Best Private Banks In India 2019
1. HDFC Bank
HDFC Bank Limited is an Indian bank and finance services company and it has headquarter in Mumbai, Maharashtra, India. The bank has 98,061 permanent employees as of March 2019.HDFC Bank is India’s largest private sector lender by assets. The bank was ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands.
HDFC bank has a market capitalization of more than Rs 600,000 crore making it the largest bank in the list of Top 10 Private Banks In India.
2. ICICI Bank
ICICI Bank Limited is an Indian bank and finance service company and the bank has its headquarter in Mumbai, Maharashtra .ICICI Bank is the second largest bank in India in terms of assets and market capitalization. The bank offers a wide variety of banking products and financial services for corporate and retail customers.
With more than 300,000 cr market valuation ICICI bank is the 2nd largest private bank in the list of Top 10 private banks in India.
3. Kotak Mahindra Bank
Kotak Mahindra Bank is an Indian private bank and has its headquarter in Mumbai, Maharashtra, India. The Bank offers a wide variety of banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, general insurance, life insurance, and asset management.
With more than Rs 2,80,000 crore market capitalization kotak mahindra bank is the 3rd largest bank in the list of top 10 private banks in India.
4. Axis Bank
Axis Bank is a private-sector banks in India offering a range of financial products and services. Axis bank has its head office in Mumbai, Maharashtra, India. The bank has 4050 branches, 11,801 ATMs and 4,917 cash recyclers spread across the country as on 2019 and nine foreign offices.
The bank employs over 55,000 people and had a market capitalization of more the 1,90,000 cr .Axis bank is the fourth largest private bank in India in the list of Top 10 Private banks in India.
5. IndusInd Bank
IndusInd Bank Limited is a Mumbai based Indian private bank, that was established in 1994. The bank offers commercial, transactional and e-banking products and services. .IndusInd Bank has 1,558 branches, and 2453 ATMs spread across in different states in India.
With more then Rs 90,000 crore market capitalization Indusind bank is the 5th largest private bank in India in the list of top 10 private banks in India.
6. Bandhan Bank
Bandhan Bank Ltd. is an Indian banking and finance company and it has headquarter in Kolkata, West Bengal, India. Bandhan Bank is present in 34 out of 36 states and UT across India. The bank has 4,494 physical touchpoints pan-India which include 999 branches, 3,014 Doorstep Service Centres and more than 480 ATMs. Through this ecosystem, it serves more than 1.65 crore customers across India.
The bank has deposits of nearly Rs 43,232 crore and the outstanding loans stands at nearly Rs 44,776 crore . With market capitalization of more then Rs. 60,000 cr Bandhan Bank is at number 6 in the list of top 10 private banks in India.
7. Yes Bank
Yes Bank Limited is a private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004.The bank primarily provides services such as corporate banking, with retail banking and also asset management.Yes Bank Limited gets most of its revenues through syndicated loans and mainly through corporate banking.
With a market capitalization of more than Rs 25000 cr Yes bank is 7th in the list of top 10 private banks in India.
8. IDFC First Bank
IDFC First Bank is an Indian private banking company and has its headquarters in Mumbai, Maharashtra . The bank started its operations on 1 October 2015. IDFC received a banking licence from Reserve Bank of India in July 2015. On 6 November 2015, IDFC Bank was listed on in stock exchanges; ie: NSE and BSE.
The Bank has a market capitalization of more than Rs 20000 cr making IDFC First Bank 8th in the list of top 10 private banks in India.
9. Federal Bank
Federal Bank is a Private Sector commercial bank in India and it has headquartered in Aluva, Kochi.With a customer base of nearly 8 million, including more than 1.2 million NRI customers and a large network of remittance partners across the globe, The Bank claims to handle more than 15% of inward remittances of whole India.
The Bank is also listed in the BSE, NSE and London Stock Exchange. With a Market capitalization of nearly Rs. 20,000cr Federal bank ranks number 9 in the list of top 10 private banks in India.
10. DCB Bank
DCB Bank limited is a non-public sector scheduled bank in India. The bank has a network of 331 branches and around 505 ATMs within the country. It offers product to people, sme, rural banking and middle corporates across the branch network.
DCB Bank additionally serves a consumer base of NRI customers from over one hundred countries across the globe. DCB Bank’s product and services vary from loans for small and medium enterprises and mid corporate customers, to Loans for individual wants like equity credit line, loan against gold, commercial vehicle loan and small business loan.
List of Top 10 Best Private Banks In India
- HDFC Bank
- ICICI Bank
- Kotak Mahindra Bank
- Axis Bank
- IndusInd Bank
- Bandhan Bank
- Yes Bank
- IDFC First Bank
- Federal Bank
- DCB Bank
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