List of Private Sector Banks in India | Names of banks in India
In this post, find the list of Private sector Banks in India and the list of top 10 private and public sector banks in India. With the central government’s financial inclusion program ‘Pradhan Mantri Jan Dhan Yojna’, millions of people without any bank accounts could open zero balance accounts in public sector banks and private sector banks in India.
Public sector banks are nationalized banks under the direct control of the Government of India. After the recent merger of the public sector banks in India, there are only 21 public sector banks in India now.
Private sector bank in India
Private banks are the banks owned by either an individual or a general partner with limited partners. Private banks are not incorporated. In any case, the creditors can look at both the “entirety of the bank’s assets” and also the entirety of the sole-proprietors/general-partners’ assets.
List of Private banks in India
Find below the list of best Private Sector Banks in India 2020.
|List of Private Banks in India||Headquarters|
|Bandhan Bank||Kolkata, West Bengal|
|Catholic Syrian Bank||Thrissur, Kerala|
|City Union Bank||Thanjavur, Tamil Nadu|
|DCB Bank||Mumbai, Maharashtra|
|Dhanlaxmi Bank||Thrissur, Kerala|
|Federal Bank||Aluva, Kerala|
|HDFC Bank||Mumbai, Maharashtra|
|ICICI Bank||Mumbai, Maharashtra|
|IDBI Bank||Mumbai, Maharashtra|
|IDFC First Bank||Mumbai, Maharashtra|
|IndusInd Bank||Mumbai, Maharashtra|
|Jammu & Kashmir Bank||Srinagar, Jammu and Kashmir|
|Karnataka Bank||Mangaluru, Karnataka|
|Karur Vysya Bank||Karur, Tamil Nadu|
|Kotak Mahindra Bank||Mumbai, Maharashtra|
|Lakshmi Vilas Bank||Chennai, Tamil Nadu|
|Nainital Bank||Nainital, Uttarakhand|
|RBL Bank||Mumbai, Maharashtra|
|South Indian Bank||Thrissur, Kerala|
|Tamilnad Mercantile Bank Limited||Thoothukudi, Tamil Nadu|
|Yes Bank||Mumbai, Maharashtra|
Find below the details about india’s top private banks.
HDFC Bank is one of the largest private sector banks in India. HDFC Bank Limited is an Indian banking and financial services company which has its headquarters in Mumbai, Maharashtra.
It has a base of 104154 permanent employees and HDFC Bank is India’s leading largest private sector bank by assets. It is called the largest bank in India by market capitalisation according to the analysis of 2020.
HDFC Bank offers many services to its customers including Savings, Current accounts, Housing Loans etc
ICICI Bank Limited is an Indian multinational banking and financial company which has its headquarters in Vadodara, Gujarat and corporate office in Mumbai, Maharashtra.
It offers many different ranges of products for banking and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment, banking, life, non-life insurance, venture capital, asset management, and much more.
ICICI Bank has a network of 5,275 branches and 15,589 ATMs in India and has its presence in 17 other countries.
Axis Bank is one of the third-largest private-sector Indian banks that offers a wide range of financial products. The bank has its headquarters in Mumbai, Maharashtra.
It has 4,800 branches, 17,801 ATMs and 4,917 cash recyclers across India, and nine international offices across the globe.
Find Axis Bank Working Hours
Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) was established in 1964 under the Act to provide credit and other financial facilities for the development of the Indian industries.
Many other national institutes find their roots in IDBI like SIDBI, Exim bank, NSE, NSDL and many more.
IndusInd Bank Limited
IndusInd Bank Limited is an Indian new generation bank with its registered office in Pune and was established in 1994. The bank offers commercial, transactional and electronic banking products and other services related to banking.
IndusInd Bank was inaugurated in April 1994 by Manmohan Singh who was then the Finance Minister of India. Indusind Bank is the first among the new-generation private banks of India.
Karur Vysya Bank
Karur Vysya Bank is one of the Scheduled Commercial Banks in India. It has completed its 100 years of operation and is one of the leading banks in India, with its headquarters in Karur in Tamil Nadu.
It was set up in the year 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in the treasury, corporate, wholesale banking, retail banking segments, and much more.
Kotak Mahindra Bank
Kotak Mahindra Bank is one of the Indian private sector banks with its headquarters in Mumbai, Maharashtra, India. It offers a wide range of banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, wealth management and much more.
It is the second-largest Indian private sector bank by market capitalization, with 1600 branches & 2519 ATMs across India.
South Indian Bank
South Indian Bank Limited (SIB) is a major private sector bank with a registered office at Thrissur, Kerala. South Indian Bank has more than 870 branches, 4 service branches, and has 20 Regional Offices that are spread across more than 27 states and 3 different union territories in India.
It has set up 1500+ ATMs and 91 Bulk Note Acceptor/Cash Deposit Machines across India.
Yes Bank Limited is a Private Sector Bank which has its registered office in Mumbai. Yes Bank was established by Rana Kapoor and Ashok Kapur in 2004. It offers a huge range of banking and financial products for corporate and retail customers through retail banking and asset management services.
On 5 March 2020 in an attempt to avoid the collapse of the bank, which had an excessive amount of bad loans, the Reserve Bank of India (RBI) had taken control over it.
Bandhan Bank Ltd. is an Indian banking and financial services company which has its headquarters in Kolkata, West Bengal. The Bandhan Bank has its offices in 34 out of 37 states and the Union Territories of India.
Presently, the Bandhan Bank has its 4,559 banking outlets pan-India which is serving more than 2.03 crore customers.
Catholic Syrian Bank
Catholic Syrian Bank Limited is an Indian private sector bank which has its headquarters at Thrissur, Kerala. It is one of the oldest banks in India and the Catholic Syrian Bank has a network of over 450 branches and more than 257 ATMs across the country.
City Union Bank
The City Union Bank Limited is an Indian private bank. During the time of establishment, this bank was called Kumbakonam Bank Limited and was incorporated as a limited company from 31 October 1904 onwards.
City Union Bank initially played the role of a regional bank at the Thanjavur district of Tamil Nadu but then it was privatised and was established as a private bank of India.
DCB Bank Limited is a new generation private sector which is a scheduled commercial bank of India. It has a network of 336 branches. and around 505 ATMs across India.
It offers products to individuals, small and medium businesses, rural banking and mid corporates across the networks of the branch.
Dhanlaxmi Bank Limited is an Indian private sector bank which has its registered office in Thrissur Kerala. Dhanalakshmi Bank Limited was established on 14 November 1927 at Thrissur, Kerala with capital money of ₹11,000 and with 7 employees.
It became a Scheduled Commercial Bank in 1977. Today it has 280 branches and 398 ATMs spread over India.
Federal Bank is an Indian private sector bank, and a scheduled commercial bank with its headquarters in Aluva, Kochi. Federal Bank also has its Offices abroad at Abu Dhabi and Dubai.
The Federal Bank Limited was started with the authorised capital of five thousand rupees at Nedumpuram, Thiruvalla on 23rd April 1931 under the Travancore Company’s Act. It had started the business of auction-chitty and some of the other banking transactions that were connected with agriculture and industry.
IDFC First Bank
IDFC First Bank which was formerly known as IDFC Bank is an Indian banking company which has its headquarters in Mumbai and forms a part of IDFC, an integrated infrastructure finance company.
The bank had started its operations on 1 October 2015. IDFC first received a universal banking licence from the Reserve Bank of India in July 2015. Then on 6th November 2015, the IDFC Bank was listed on BSE and NSE.
Jammu & Kashmir Bank
Jammu and Kashmir Bank is a J&K – private sector banking and provides a wide range of financial services. It is one of the privately-owned banks with a majority-owned state and shares with its headquarters at Srinagar, Jammu and Kashmir, India.
J&K Bank was established on October 1, 1938, and was the first bank in the country to emerge as a state-owned bank in Indian history.
Karnataka Bank Limited is India’s twelfth and largest private sector bank. It has an ‘A’ Class Scheduled Commercial Bank based in Mangalore.
The Karnataka Bank Limited has a network of 862 branches, 1,026 ATMs and 454 e-lobbies or mini e-lobbies across 22 states and 2 union territories.
It has around 8,509 employees and 11 million customers in India. Its shares are privately owned by over 1,46,000 share-holders.
Lakshmi Vilas Bank
Lakshmi Vilas Bank was founded in the year 1926 by a group of seven businessmen of Karur under the leadership of Shri V.S. N. Ramalinga Chettiar.
Their objective was to meet the financial needs of people in and around Karur who were occupied in trading businesses, industry and agriculture. After several years this bank was privatized.
The Nainital Bank Limited is a Scheduled Commercial bank and was established in 1922. Nainital Bank has a subsidiary in Bank of Baroda.
Nainital Bank has expanded to Uttar Pradesh and Uttarakhand and has 139 branches in Rajasthan, Delhi and Haryana. It has become TTC (Ten Thousand Crore) Company and aims to be the most customer-centric bank of India, it is listed as a scheduled bank by the Reserve Bank of India (RBI).
RBL Bank, formerly known as Ratnakar Bank which is an Indian private sector bank with its registered office in Mumbai and founded in 1943.
It offers financial services across six financial aspects like- corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury financial market operations and much more.
Tamilnad Mercantile Bank Limited
Tamilnad Mercantile Bank Limited has its registered office at Thoothukudi, Tamil Nadu, India. Tamilnad Mercantile Bank was established in 1921 as the Nadar Bank but then had to change its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar and Haveli community.
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