Best Private Banks: For making and stabilizing the economic structure of our country, banks are playing a significant role. Reserve Bank of India (RBI) is the head of all private and government banks. To function legally and systematically, all banks bring their license from RBI. Government banks are working under the Government of India. But the private banks are owned by a private company/ individual/ any corporation. Before few years, people trust and have accounts in Government banks. But now, people are trusting private banks because of their excellent banking services. Here let’s talk about the best private banks in India 2024 and their new facilities in this article.
Best Private Banks In India
Currently, in the Indian banking system, there are around 25 private banks. Now the public is more attracted to the private banks because of their outstanding banking services and customer interaction. Some private banks are giving less interest compared to government banks. It is one of the reasons why people are going to private banks sectors. For gain public attraction, private banks in India are advertising many new services. Due to this a lot of competition is started among all the private banks. Here is the list of top best private banks in India 2024. We will discuss the private banks of India, according to their services and revenue.
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Yes Bank
- Federal Bank
- Induslnd Bank
- Karur Vysya Bank
- Jammu & Kashmir Bank
- Bandhan Bank
Top Private Sector Banks 2024
- HDFC Bank
The headquarter of Housing Development Finance Corporation Limited (HDFC) bank is present in Mumbai. In the top 10 best private banks list, HDFC is in the first rank. In this bank, people have the withdraw and deposits facilities like other banks. Also, HDFC provides FOREX services, insurance policies, HDFC credit cards, loans, and even premium banking services. HDFC bank has 4555 branches, and more than 12000 ATMs across all over India. The revenue of this bank is INR 81, 602 Crore, and the net income is INR 14, 550 Crore. Also, check Bank Holidays in India.
- ICICI Bank
ICICI bank is the second trustworthy best private sector bank in India. The headquarter of ICICI bank situated in Mumbai, Maharashtra. The CEO of the bank is Chanda Kochar. The bank has millions of customers. It has 4400 branches and more than 14000 ATMs opened for Public. The net income of the bank is INR 9,801.08 crore, and the revenue is INR 73,660.76 crore. ICICI bank serves many services to the customer like privilege banking, insurance policies, credit cards, and many more functions. A customer can also withdraw the loans.
Best Private Banks In India According To RBI
- Axis Bank
Axis bank is the third-best private banks in India. The headquarters of this bank is in Ahmedabad, Gujarat. It serves many services like net banking, which is an effortless and fast way to transfer money and many more advanced services. This bank also gives services like commercial banking, rural banking, corporate banking, and NRI banking. Axis bank has opened more than 12000 ATMs and 2900 branches in all over India. The revenue of this bank is INR 414.0925 billion, and net income is INR 8.5759 billion.
- Kotak Mahindra Bank
Kotak Mahindra Bank is the fourth-best private bank in India, which provides various types of financial services. Bank is a very trustable private bank in India, where people can keep their money safe. From other banks, the services of Kotak Mahindra Bank is quite expensive. The headquarters is in Mumbai. Kotak free bonds and many more services are available to its customers. The revenue of the bank is INR 27,974.52 crore, and the net income is INR 3,431.12 crore.
Popular Private Banks In India
- YES Bank
Now Yes bank is the most known private bank in India. It is the fifth most trusty best private bank in India. Yes, the bank just completed 12 years in the banking sector. Rana Kapoor opened this bank in 2004. The headquarters of Yes bank is present in Mumbai. It also gives many services to their customers like branch banking, investment banking, commercial banking, and many more. Revenue of this bank is INR 23,500 crore, and the net income is INR 3000 crore. There are more than 500 branches in India.
- Federal Bank
Federal Bank is also known as FBI bank. It is the sixth-best private bank in India. It gives the best services to their customers. There are around thousands of branches across all over India. Some services which are providing by the FBI bank is insurance, loans, NRI banking, and corporate banking. Federal Bank has 1516 ATMs in 24 states in India. It has the best revenue products in INR 77.4 billion, and the net profit is INR 263 crore. So it is one of the top best private sector banks in India according to RBI.
- Induslnd Bank
Right now, Induslnd bank is the biggest and one of the best private banks sector in India. It serves many personal services to the customer like credit cards, loans, insurance, and also offers net banking services. Induslnd bank always innovates unique ideas for their clients such as cash-on-mobile, direct connect, 365 banking days, etc. The revenue of the bank is INR 82.5 billion, and the net profit is INR 836 crore.
Private Banks In India 2024
- Karur Vysya Bank
Karur Vysya Bank is the 8th best private bank in India. It is the very oldest private bank, which had started in 1916 in Tamil Nadu. Now it has more than 550 branches and 7,500 employees all over India. Karur Vysya Bank provides many services like online banking, loans, fixed deposits, mutual funds, etc. The revenue is INR 5,443.41 crore, and net profit of this bank is INR. 567.63 crore.
- Jammu & Kashmir Bank
Jammu & Kashmir Bank is the first private bank, which designated as RBIs agent for banking business. It is the 9th best private bank in India. This bank is collecting the tax from CBDT. This bank is also known as J&K Bank. Bank gives both electric and electronic services to the customer. J&K Bank has annual revenue INR 68.21 billion, and net profit of INR 32.55 billion.
- Bandhan Bank
Bandhan bank is the 10th best private bank in India, which is an Indian banking and financial services company. The headquarters situated at Kolkata, West Bengal. It has 840 branches, 282 ATMs, and more than 24, 220 employees all over India. Bandhan bank serves many beneficiary services to their customer. The revenue of this bank is INR 432,012 Lakh, and net income is INR 111,195 Lakh.
Conclusion
The above is the list of top best private banks in India 2024. This list sorted according to RBI, which is the head of all the private and Government Banks. So people who want to have a secret bank account can visit the banks and open an account. The services offered by the above banks are pretty good. I hope the information provided helps you in having the best Private bank account. For more news and updates, check Timesalert.
Contents
