Top 10 Best Private Banks in India 2021 | List of Top Ten Best Private Banks in India: HDFC Bank is the Number 1 private bank in India which is also the most popular famous and best private bank in India.
The Indian economy is one of the largest economies in the world. It is not only because of the exceptionally high population but also due to an incredible economic variance amongst its people.12 Public Sector and 22 Private Sector Banks are efficiently serving the heterogeneous population of the nation. Here we can see the list of the top 10 Private banks in India 2021 as per RBI. Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, creditors can look to both the “entirety of the bank’s assets” as well as the entirety of the sole-proprietor’s/general-partners’ assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. So, have a look at the top 10 best private banks in India 2021 as per RBI and also the 10 most popular famous best private banks in India 2021.
Top 10 Best Private Banks in India 2021
No 1. HDFC Bank
Established in the year 1994, Housing Development and Finance Corporation Ltd. is headquartered in Mumbai. With revenue of a whopping Rs. 1.17 Lakh Crores and a net income of Rs. 21,078 crores in the year 2019, HDFC is the largest bank in India and Offering numerous services ranging from Retail to Wholesale Banking, Credit to Debit Cards, Home Loans to Auto Loans, amongst others, the bank serves millions of customers across the nation. Today, HDFC boasts of as many as 5,103 branches, 12,160 ATMs, and generates employment for over 1 Lakh people in the nation. It is also the most popular famous and best private bank in India. It is currently ranked no. 1. in the top 10 best private banks in India 2021.
No 2. ICICI Bank
One of the most reliable of all private banks, ICICI Bank (Industrial Credit and Investment Corporation of India), offers a wide range of services including truncations, loans, deposits, privilege banking, insurance policies, and Credit Cards amongst others. With revenue of Rs 73,913 Crores and a net income of Rs.3,363 Crores in the year 2019, the bank boasts of consolidated assets worth Rs. 12.50 trillion. With as many as 5,324 branches and 15,688 ATMs across India, ICICI Bank generates employment for close to 85,000 people. It is one of the best private banks in India. It is also the most popular famous and best private bank in India. It is currently ranked no. 2. in the top 10 best private banks in India 2021.
No 3. Axis Bank
Headquartered in Mumbai, Axis Bank was established in the year 1993. In the short span of its existence, the bank has managed to flourish all across India, with Over 4,528 branches and 12,044+ ATMs. With revenue of Rs.41,409.25 Crores and a net income of Rs.857.59 Crores, Axis Bank generates employment to over 55,000 people. Axis bank is the third-largest bank in India in 2021. It is also the most popular famous and best private bank in India. It is currently ranked no. 3. in the top 10 best private banks in India 2021.
No 4. Kotak Mahindra Bank
With exceptionally high revenue of Rs. 28,547.24 Crores Kotak Mahindra Bank has earned the reputation of being a leading private bank in India. Founded in the year 2003, the bank enjoys as many as 1,600 branches complete with 2,519+ ATMs across the nation. To add to its already illustrious legacy, the bank generates employment for over 33,000 people. It is one of the best private banks in India. It is currently ranked no. 4. in the top 10 best private banks in India 2021.
No 5. Yes Bank
Headquartered in Mumbai, Yes Bank was established in the year 2004, with the objective of offering asset management services and retail banking functions, along with investment banking, corporate finance, branch banking, and SME banking facilities. One of the fastest-growing private banks of the nation, Yes Bank, enjoyed revenue of Rs. 25,419 crores in the year 2019. The bank boasts of 1,000 branches across the country, complemented by 1,800 ATMs. It generates employment for over 18,000 people. It was among the first banks in India to offer all products digitally and among the best private bank in India. It is currently ranked no. 5. in the top 10 best private banks in India 2021.
No 6. Federal Bank
Founded in the year 1931 as Travancore Federal Bank, the present-day Federal Bank is headquartered in Kochi, Kerala. With 1,696 branches and 1,516 ATMs across the country, Federal Bank offers multiple services including but not limited to personal banking, retail banking, corporate banking, NRI banking, insurance, and loans. The bank recorded a revenue of Rs. 10,911.98 Crores in the year 2018, and generated employment for over 12,000 people. It is one of the best private banks in India. It is currently ranked no. 6. in the top 10 best private banks in India 2021.
No 7. Induslnd Bank
Headquartered in Mumbai, IndusInd Bank was established in the year 1994. The bank boasts of 1,558 branches and 2,453 ATMs. The bank enjoys a prominent presence in all metropolitan cities of India, along with an international presence in Dubai, Abu Dhabi, and London. Owing to its widespread operations, the bank generates employment for over 25,000 people. It is one of the best private banks in India. It is currently ranked no. 7. in the top 10 best private banks in India 2021.
No 8. RBL Bank
One of the fastest-growing private banks of the nation, RBL Bank, was established in the year 1943 with the aim of serving the Kolhapur-Sangli belt of Maharashtra. Today, the bank boasts of as many as 386 branches and 394 ATMs in India, with its headquarters in Mumbai. Catering to over 20 Lakh people across the nation, RBL Bank offers numerous services, including Consumer Banking, Corporate Banking, Finance, and Insurance, complete with facilities like NRI deposits, Digital Savings Account, Investment Services, and Loans amongst others. The bank clocked in a revenue of Rs. 7,743.08 Crores in 2019, while also generating employment for over 5,000 people. it is the fastest-growing top private bank in 2021. It is currently ranked no. 8 in the top 10 best private banks in India 2021.
No 9. Jammu and Kashmir Bank
Headquartered in Srinagar (Kashmir), the Jammu and Kashmir Bank, now known as J&K Bank, was founded in the year 1938. The bank boasts of 1,038 branches across India, along with 1,340 ATMs. In the year 2017, the bank registered revenue of Rs. 7,178.66 crores. It is one of the best private banks in India. It is currently ranked no. 9. in the top 10 best private banks in India 2021.
No 10. South Indian Bank
South Indian Bank, which has its headquarters in Thrissur, Kerala. In addition to its brilliant network of 871 branches across the nation, the bank also boasts of 1,500 ATMs with its presence in 27 states and 3 union territories in India! In the year 2017, the bank reported revenue of Rs. 6,562 Crores. South Indian Bank generates employment for over 7,500 people. It is one of the best private banks in India. It is currently ranked no. 10. in the top 10 best private banks in India 2021.
No 11. Final Thoughts
These were the top 10 best private banks in India in 2021. If we talked about the best most popular famous favorite private bank in India it has to be HDFC Bank is the Number 1 private bank in India which is also the most popular famous and best private bank in India which is involved in the list of top ten best private banks in India.
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