List of Private Banks in India ,The banking system plays a vital role in our day to day life as well as it matters a lot in economic and financial growth.
List of Private Banks in India, In India The Reserve Bank (RBI) has the highest synchronized command over all private as well as public banks.
Almost every individual in India fulfills their demands and needs through Bank only. And after digitalisation there has been an immense change in the whole banking network.
Number of private banks in india as on date is 21
Lets get deep into it
Formation of Bank – 1994
Headquarter- Mumbai, Maharashtra
No of branches- 5653
ATMs- 16,291
The Tagline Of The Bank: “We understand your world”
ABOUT THE BANK
HDFC is known as one of the most preferably reputable private banks in India. It has a large banking network and was the first Bank in India who got consent from the RBI to run as a private bank.
They really uphold their tagline by providing exceptional services in retail, treasury, credit card, wholesale, retail banking and so on.
All branches of HDFC are linked online across all over india through mobile and net banking network.
Awards won by HDFC banks are:
Formation of Bank – 1993
Headquarter- Mumbai, Maharashtra
No of branches- 4594
ATMs- 11,333
The Tagline Of The Bank: “Badhti ka naam zindagi”
ABOUT THE BANK
The Axis bank is next to the list. It is the third largest bank in the private sector. They have a wide range of ATM networks.
The services offered by AXIS banks are retail banking, international banking, corporate banking, net banking,agriculture, MSME, wealth management and so on.
The bank runs their branches across the world. The bank is customized as the first generation private bank.
Awards won by AXIS banks are:
Formation of Bank – 1931
Headquarter- Aluva, kerala
No of branches- 1200+
ATMs- 1900+
The Tagline Of The Bank: “Your perfect Banking partner”
ABOUT THE BANK
Coming with the next bank is Federal bank, which is the former bank running in India.
Federal bank has their indicative branches in Qatar, Kuwait, Oman, Dubai and Abu Dhabi also.
The services offered by the banks are immense: personal banking, internet banking, tele banking, safe deposit locker, mutual fund product, insurance services, AWB service etc.
Awards won by Federal banks are:
Formation of Bank – 1994
Headquarter- Pune, Maharashtra
No of branches- 2000
ATMs- 2606
The Tagline Of The Bank: “We Care Dil Se, We Make You Feel Richer”
ABOUT THE BANK
One of the most prominent name in the private banking network sector is Induslnd Bank. It is the first amid the new generation of private banks in india.
The bank offered ample services for their clients like branch banking, micro finance, loan, service, insurance, wealth management, treasury operation, depository operation and many more.
INDUSLND bank has its own offices in Abu Dhabi, Dubai and London.
Awards won by Induslnd banks are:
Formation of Bank – 1994
Headquarter- Mumbai, Maharashtra
No of branches- 5288
ATMs- 15158
The Tagline Of The Bank: “Hum Hai Na, Khayal Apka”
ABOUT THE BANK
If we are talking about banks, then without ICICI bank, we cannot move further. It comes second in the list of private banks with its huge network.
The services offered by the bank are up to the mark. Customers can deposit or withdraw money through ATMs also.
They provide services like: loan, credit card, fixed deposit, saving and current account,net banking, wallet banking to corporate and retail customers.
Awards won by ICICI banks are:
Formation of Bank – 18 February, 1924
Headquarter- Mangaluru, Karnataka
No of branches- 858
ATMs- 1026
The Tagline Of The Bank: “Your Family Bank Across India”
ABOUT THE BANK
Karnataka bank is known for its invaluable services to their individual, retail and corporate customers.
It was the first bank to understand the concept of centralised banking and core banking network.
Quick and easy money transfer facility available for NRI, also services for loan, trade, borrowing facilities, internet banking through money click, wholesale banking and retail banking.
Awards won by karnataka banks are:
Formation of Bank – 14 November, 1927
Headquarter- Thrissur city, Kerala
No of branches- 245
ATMs- 257
The Tagline Of The Bank: “Tann Mann Dhan”
ABOUT THE BANK
The name of the bank itself was named after God. As mentioned above, the establishment of the bank is very early. List of Private Banks in India, It is one of the most prominent and trusted private banks who run successfully in india.
The name was changed from Dhanalakshmi bank to Dhanlaxmi bank in 2010.
The services provided by the bank are personal banking, corporate banking, NRI banking, micro and agriculture banking, SME banking, financial planning and so on.
Awards won by Dhanlaxmi banks are:
Formation of Bank – February, 2003
Headquarter- Mumbai, Maharashtra
No of branches- 1603
ATMs- 2573
The Tagline Of The Bank: “ Let’s Make Money Simple, Ab Kona Kona Kotak”
ABOUT THE BANK
The next name in this category of bank is Kotak Mahindra Bank. It is the third largest Indian bank in the private sector with its remarkable services and offers to their clients.
The bank offers award winning services and banking product such as personal finance, wealth management, commercial banking, treasury, investment banking,
The purpose of Kotak Mahindra Bank is to provide proper assistance to their clients.
Awards won by Kotak Mahindra Banks are:
9. RBL Bank
Formation of Bank – August, 1943
Headquarter- Mumbai, Maharashtra
No of branches- 435
ATMs- 412
The Tagline Of The Bank: Apno Ka Bank”
ABOUT THE BANK
We have placed RBL Bank in ninth place. The identity of RBL Bank is from its customers only. Their services are incredible as their roots are printed all over india.
The earlier name of RBL was Ratnaker bank, later it changed to RBL.
The facilities provided by RBL are: individual and commercial banking, mobile banking, retail asset, business banking, treasury and financial market operation, loan and funding.
Awards won by RBL banks are:
Formation of Bank – 2004
Headquarter- Mumbai, Maharashtra
No of branches- 100
ATMs- 1450
The Tagline Of The Bank: “ Experience Our Expertise”
ABOUT THE BANK
Yes bank is a well known name in the private banking sector. It is the fastest growing bank in India with a good rating.
List of Private Banks in India, Yes bank really cares about their customer, that’s why the bank services are for customer centric only.
The list of services provided by Yes bank are limitless: corporate finance, branch banking, investment banking, MSME banking, digital wallet etc.
Their indicative office in Abu Dhabi
Awards won by YES banks are:
Formation of Bank – 1 October 1938
Headquarter- Srinagar, Jammu & Kashmir
No of branches- 1038
ATMs- 1340
The Tagline Of The Bank: “Serving To Empower”
ABOUT THE BANK
List of Private Banks in India , It is one of the most ancient banks ran compassionately over the years of time in Jammu and Kashmir and Ladakh.
Their serving characters are finely amazing. Although it is a regional bank, the branches are spread all over the country.
J&K Bank services products are loan, term bank deposit, credit card facilities, Digital banking network, investment option, personal accounts, corporate banking etc.
The bank is privileged by offering great services and products.
Awards won by J&K banks are:
Formation of Bank – 1916
Headquarter- Karur, Tamil Nadu
No of branches- 798
ATMs- 1780
The Tagline Of The Bank: “Smart Way To Bank”
ABOUT THE BANK
In the 12th list, we have brought information about Karur Vysya Bank for you. Among the private sector banks, it has the leading commercial banking network in finance.
The banks operate in wholesale banking, corporate banking, treasury, retail banking, NRI, agricultural banking and MSME.
Awards won by Karur Vysya banks are:
Formation of Bank – 29 January, 1929
Headquarter- Thrissur, Kerala
No of branches- 924
ATMs- 1334
The Tagline Of The Bank: “ Experience Next Generation Banking”
ABOUT THE BANK
South Indian bank is one of the leading private banks in India. And also the 8th largest branch network amid private banks.
The bank is the first private bank to implement a core banking system. It is also the first private bank to start an industrial finance branch.
The product of services offered by South Indian Bank are NRI banking, business banking, personal banking, mobile banking, priority banking etc.
Awards won by South Indian banks are:
Formation of Bank – 26 November, 1920
Headquarter- Thrissur, Kerala
No of branches- 426
ATMs- 300
The Tagline Of The Bank: “Support All The Way”
ABOUT THE BANK
The next bank in the list is CSB bank, earlier name was Catholic Syrian Bank. It is one of the major prime bank in the private banking network sector.
CSB operates in treasury operation, retail banking, personal banking, NRI banking, agriculture and finance banking,corporate and SME banking.
Awards won by AXIS banks are:
Right now CSB bank has not won any award.
Formation of Bank – 1930
Headquarter- Mumbai, Maharashtra
No of branches- 347
ATMs- 114
The Tagline Of The Bank: “We Value You”
ABOUT THE BANK
DCB bank is the first new generation bank that got commercial license by RBI.
The working space of DCB bank is retail banking, micro SME, SME, mid corporate, agriculture, NBFC etc.
They have a huge network spread all over the country.
Awards won by DCB banks are:
Formation of Bank – 31 October, 1904
Headquarter- Kumbakonam, Tamil Nadu
No of branches- 700
ATMs- 1762
The Tagline Of The Bank: “Trust and excellence”
ABOUT THE BANK
Among the private banks network, City Union Bank raised its footprint and got top rated. The earlier name of the bank was Kumbakonam, but later changed to City Union bank.
The bank operates in multiple ways, some are: NRI banking, gold loan, retail banking, MSME, enterprise banking, retail banking and so on. However their facilities are truly commendable.
Awards won by City Union banks are:
Formation of Bank – 1964
Headquarter- Mumbai, Maharashtra
No of branches- 1892
ATMs- 3467
The Tagline Of The Bank: “Banking For All, Aao Sochein Bada, Bank Aaisa Bank Jaisa”
ABOUT THE BANK
It is again another prominent bank in the private sector banking network.
The bank provided an ample amount of services and their products such as loan, mobile banking, wallet payment, investment solution, retail banking and so on.
The privilege of working with IDBI bank is that they have a huge chain of networks across the country.
Awards won by IDBI banks are:
Formation of Bank – 2015
Headquarter- Kolkata, West Bengal
No of branches- 999
ATMs- 481
The Tagline Of The Bank: “Aapka Bhala, Sabki Bhalai”
ABOUT THE BANK
Bandhan bank is a leading private bank in India.
In initial stages of growth Bandhan bank was BFHL which is Bandhan Financial Holding Limited, but later after getting approval from the RBI (Reserve Bank Of India) it became Bandhan Bank.
The bank operates major services of product like micro finance, mobile banking, MSME, housing finance etc.
Awards won by Bandhan banks are:
Formation of Bank – 1992
Headquarter- Nainital, Uttrakhand
No of branches- 162
ATMs- 1685
The Tagline Of The Bank: “Banking With Personal Touch”
ABOUT THE BANK
Nainital bank is known as a customer satisfaction bank. It is a commercial scheduled bank.
The offer services provided by Nainital banks are limitless: internet banking, retail banking, MSME banking, agricultural banking, Corporate banking, gold loan, tax saving deposit.
Awards won by Nainital banks are:
Formation of Bank – 11 May, 1921
Headquarter- Thoothukudi, Tamil Nadu
No of branches- 509
ATMs- 11151
The Tagline Of The Bank: “Be a Step Ahead In Life”
ABOUT THE BANK
Tamilnad is the fastest growing bank among `private banks in India. The initial name of the bank was Nadar Bank, but later changed to Tamilnad Mercantile bank.
The bank is truly caring to their customers that’s why their branches spread in urban as well as rural areas also to connect their village clients also.
List of Private Banks in India , The bank operates in services like saving banking, internet banking, loan for retail and corporates, CBS platform, tab banking.
Awards won by Tamilnad Mercantile banks are:
Formation of Bank – January, 2018
Headquarter- Mumbai, Maharashtra
No of branches- 260
ATMs- 140
The Tagline Of The Bank: “Banking Hatke”
ABOUT THE BANK
Without mentioning IDFC first bank the list is incomplete. One of the top most leading banks in India. The customers are multiplying day by day by their impressive services product.
The bank operated in 2015 after getting the licence from RBI (Reserve Bank Of India).
The products of services by the bank are: micro enterprise loan, financial services, retail banking, small business loan, corporate banking, wholesale banking etc.
Despite being so new, many branches are running efficiently from IDFC first bank.
Awards won by IDFC First banks are:
Standard by Economic Times in 2020
THE BOTTOM SEGMENT
This was the final LIST OF PRIVATE SECTOR BANKS IN INDIA 2021.
But before investing in finance you have to decide which bank you want to depend on.
Among all the private banks HDFC comes the best bank by assets.
I do hope this blog becomes your journey to success.
DISCLAIMER
List of Private Banks in India, Before reaching any bank, you must carefully read their terms and conditions to avoid unnecessary trouble, especially their hidden phrases.