The best Private Banks in India are difficult to choose. More so, it would require much effort in discriminating them from each other. India has much to offer this year though. From loans to other insurance services, the most trusted Private Banks should come in handy. With the help of the Research Ministry in India, the list has been created. So, get ready to witness the 2016 top private banks in India.
Here are the 2016 Top 10 Private Banks in India:
- HDFC Bank
The HDFC or known longer as the Housing Development Finance Corporation Limited is a famous name in India that was started in 1994. It maintains its place in the list of the best private sector banks in India. Located in Mumbai, the HDFC was begun by Hasmukhbhai Parekh. Among all the personal industry financial institutions, HDFC was the first to get acceptance from Source Financial Institution in India to set up a bank and start its functions in 1995. It provides various products like Insurance, Bank credit cards, Loans, Forex services, Top quality Financial, Private Financial etc.
2. ICICI Bank
The ICICI Bank is another popular Private Bank in India. It holds a most honorable degree in the list of the leading private banks in India. Established in 1994 by the efforts of the World Financial institution and the main ICICI, the bank hails as optimal source for Industrial Credit Scoring and Investment Organization in the country. By all means, it is a privatized Indian International Financial institution and a full constituent of the bigger ICICI Limited. ICICI Financial institution won the prize for the Best Financial institution – Global Business Development in 2014. It offers various services like Benefit Banking, Loans, NRI Accounts, Insurance, Bank cards, etc.
- Axis Bank
The Axis Bank is another successful private bank in India. It holds a place in the list of the largest private banks in India. The Axis Financial institution is rated 3rd in the list of top 10 Personal Industry Financial Institutions in the world. The Axis Financial institution is also one of the biggest loaning banks in India, offering a variety of products such as Bank cards, Consumer financial assistance, corporate financial assistance, finance and insurance provision, investment financial and home mortgages. It has begun its functions in 1994 and offers a plethora of financial investment styles to its customers.
- Kotak Mahindra Bank
The Kotak Mahindra Bank is a popular Private Bank in India. It is formerly known as Kotak Mahindra Fund Limited hailing as a non-banking financial company. The bank was privatized in the year 1995 and had since been considered in the list of leading private sectors in India. It has received the certificate to perform financial functions in 2003 after being given a nod from various international investors.
- IndusInd Bank
The IndusInd Bank hails as reputable Private Bank in India. It earns a place in the list of the leading Indian private sectors this year. It has started its functions in the year 1994 and had then been headquartered in Mumbai, Maharashtra. The bank had developed its title from the Indus Area Society. Finally, it has been known all over India as a professional aid for retail store financial activities. Most of its investors hail from Business & Financial Platforms.
- Yes Bank
The Yes Bank is another equally reputable private bank in India. It holds a glorious place in the list of the biggest Indian private banks. It has been considered to be one of the fastest improving financial institutions in the world. The Yes Bank provides a number of services like Professional Economical, Investment Economical, Company and Institutional Economical and Department Economical. For the record, the Yes Bank had won the Glorious Peacock Award for Company’s Social Responsibility in the year 2013.
- Ing Vsya Bank
The Ing Vsya Bank boasts as another reputable Private Bank in India. It has been considered in the top 10 Indian private sectors. The Ing Vsya Bank is a globally standardized bank (meaning it promotes international cash processes) that provides services to the customers in more than 40 countries. It regularly modifies its banking system in order to ensure improvements among loan agency qualities. It has received the MasterCard Progression Award in the MasterCard Costs Strategy Conference last 2006. Nevertheless, it was formerly known as Vysya Standard bank until its shares were purchased by the Nederlander ING Group in the year 2002. Thereupon, it had since been customized to ING Vysya Bank. It is situated in Bangalore.
- Federal Bank
Another successful bank in India is the Federal Bank. Formerly known as Travancore Government Financial Bank, it was recognized in the year 1947. By that time respectively, it had already made it in the list of the most successful Indian private banks. It is Located in Aluva, Kerala and currently has more than million divisions in the nation. Since its earliest operations, it had consistently worked for enhancing the diverse client support and quality products. To meet the clients’ objectives, it offers services such as Business Financial, Loans, Insurance and NRI Financial.
- JK Bank
The J&K Financial institution is the first government-owned bank in the nation with a history of ongoing benefits for four years. As a result, it was considered in the list of the most successful Indian private sectors. It is located in Srinagar where it was established sometime during 1938. It started its functions in 1939.
- Karur Vsya Bank
The Karur Vsya Bank was established and privatized in 1916. It is an expertly-organized economical institution of the country that provides excellent alternatives to its customers. It can be found in Karur, Tamil Nadu and has more than 550 sections in over 18 states around the world. It keeps its place in the list of the top Indian privatized sectors this year.