Private Banks serves for the customer service in an efficient way which minimizes the struggle of delays and money regulatory systems, unlike the government banks. It helps the customers to carry out their money related work in a quick and easiest way without much difficulty.
These private banks work for the benefits of varied customers looking who are looking for easy banking system for the convenience of their need and preferences all over India. The private banks are widely available in every part of India to enhance the money regulatory system in an advanced and modern ways.
These private banks motive is to seek more profit margin than any other banks in India. They have a great national importance in each individual lives as a large number of the population are depended on the private sector banks to get access to the hassle-free banking services. The financial services through these private banks become very easy and easily accessible to all irrespective of all age. It has come with the advanced system to increase the growth economy of the country in a more technical way. Thus, we have enlisted the top 10 private banks in India which are helping the people for the easy accessibility of financial services:
Let’s check the Top 10 Private Sectors Banks In India 2017-2018
Table of Page Contents
10. Bandhan Bank
Mr. Chandra Shekhar Ghosh is the owner and managing director of Bandhan Bank along with this he is the vice-president of Bengal chamber of commerce and industry. The Bandhan Bank has come into establishment in the year 2001 with its headquarters based in Kolkata, West Bengal. It is one of the acclaimed and recognized banks which have been solely approved by the Reserve Bank of India.
It has its parent company with Bandhan Financial Services Limited for regulating the Bandhan Bank. The bank serves to provide high-quality banking services to the varied number of people considering both rural and urban areas. It efficiently works to serve the purpose of the people who are widely relying on them for looking after their financial matters in private. In addition to this, it has easy access to online banking and you can pay your bills via online services as well.
9. J&K Bank
The J&K Bank is widely known by the name of Jammu and Kashmir Bank with its headquarters based in Srinagar. This bank came into establishment back in the year 1938 by Mushtaq Ahmad. The bank generates revenue of net worth 68.21 billion approximately. It serves to offer easy and smart way of banking services to wide range of people in India. It is completely based on e-commerce system has it has come up with the easy accessibility of net banking system for the added benefits of people of India.
You can now pay your bill with easy EMI schemes through your banking debit cards. It also seeks to offer easy payments of DTH recharge, postpaid bills, prepaid mobile recharge, tax payments, and others as well. You can easily access to various modes of banking like instant payments, internet banking, debit & credit cards, phone banking, mobile banking, and merchant services.
8. IndusInd Bank
Romesh Sobti is the managing director and CEO of the Induslnd Bank in India and today Induslnd Bank has a pan India presence serving the advanced solution for the easy financial services for their wide range of customers. The bank formerly has 900 branches and 1600 ATMs with CGR of 27% in loans, 32% in revenue, and 39% of profit after tax. Over the last 5 years, the bank has launched a variety of consumer friendly services including the video branch, and digital initiatives like ‘On the Go’, ‘Quick Pay’, and ‘Swift Pay’. The bank came into establishment in the year 1994 with its headquarters based in Mumbai. The bank is solely owned by the Hinduja Group.
7. Karur Vysya Bank
The Karur Vysya Bank formerly comes into existence in the year 1916 with its headquarters based in Karur in the state of Tamil Nadu. It is estimated that it has generated revenue of worth 576. 6 billion over all these years. It is solely responsible for the needs and preferences of banking service for a varied range of customers. They seek to offer a modern and advanced solution for easy banking without delaying in monitory regulation and other financial services. They offer various banking services to the customers like the home loan, personal loan, mutual funds, freedom saving account, fixed deposits, and various insurance policies conducted by the Karur Vysya Bank.
6. Federal Bank
The Federal Bank of India came into establishment in the year 1945 by Kulangara Paulo Hormis with its headquarters based in Aluva in the states of Kerala. It is one of the largest commercial banks in India with brilliant working performance with advanced methods and technologies to meet the end needs of every customer. It is a one stop solution for all financial services. It offers bank loans, internet banking, car loans, NRI banking, various insurance policies and other financial services.
5. Yes Bank
Mr. Rana Kapoor is the MD & CEO of the Yes Bank which came into the foundation in the year 2004 with its headquarters based in Mumbai. It deals in various net banking, retail banking, corporate banking, online banking, personal banking, commercial banking, and other financial services. They are solely responsible for their commitments towards their work with full passion and dedication.
4. Kotak Mahindra Bank
The Kotak Mahindra Bank came into the foundation in the year 1985 which seeks to offer full-service bank based stock broker and considered as to be the trusted Indian banks in India. The Kotak Mahindra Bank is a little bit expensive in nature that manages and holds sole responsibility of your banking accounts and monitory regulations. The bank has its headquarters based in Mumbai and is founded by Uday Kotak.
They deal in various trading products like IPOs, tax- free bond, mutual funds, equity, portfolio management, derivatives, ETFs, currency, and other financial services. They also seeks to offer accounts & deposits, investments & insurance, convenience banking, instant bill payments, various financial cards, financial inclusion, various loans, and other banking services.
3. Axis Bank
The Axis Bank has come into establishment in the year 1993 with its headquarters based in Ahmedabad, Gujarat. Mrs. Shikha Sharma is the CEO of the Axis Bank and Dr. Sanjiv Mishra is the chairperson of the Axis Bank as well. It gives access to smart banking and easy payments with net banking facilities with advanced and modern methods. They seek to offer retail banking, NRI banking, corporate banking, commercial banking, agricultural and rural banking with various banking loans and insurance policies for the benefits of the various customers.
2. ICICI Bank
The ICICI Bank has come into existence in the year 1994 with its headquarters based in Mumbai and it is also founded by Chanda Kochar who is the current CEO of the ICICI Bank in India. The estimated net profit of ICICI Bank is about US$1.5 billion in the present year. It is reported that over 5,000,000 people aspired to be part of ICICI Bank as it is serving its purpose efficiently to a wide range of customers.
1. HDFC Bank
HDFC Bank is recently declared as the valuable bank along with this it has ranked in the number one position in India. It came into existence back in the year 1994 with its headquarters based in Mumbai with 84,325 number of employees in the present year. Mr. Aditya Puri the MD & CEO of HDFC Bank is a professional thinker and an acclaimed banking persons who believe in delivering the right product to the right customers with professionalism.
Thus, here we get an entire overview of the top 10 private sectors banks in India.