• Top 5 Private Sector Banks In India

    Top Public Sector Bank in India

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    The Indian banking sector is characterized by, both public sector banks and private sector banks. While public sector banks fall under the direct purview of the government sector, the private sectors banks are monitored and owned by individuals and limited partners and aren’t incorporated. Given below, are the top 10 Private sector banks in India.

    HDFC Bank

    HDFC Bank Limited was founded in the month of August 1994 and it is the Indian banking and financial services company. The full form of HDFC is Housing Development Finance Corporation and it is 5th biggest bank in India as measured by assets. As on February 2014 it is biggest private sector bank in India on the basis of market capitalization. The bank has 2 two subsidiaries i.e. HDB Financial Services Limited and HDFC Securities Limited. The products offers by this bank are Investment Banking, Investment Management, Wealth, Management, Private Banking, Corporate Banking, Private Equity, Finance and Insurance, Consumer Banking, Mortgages and Credit Cards.

    ICICI Bank

    ICICI Bank full form is Industrial Credit and Investment Corporation of India, founded in the year 1994. This is an Indian multinational banking and financial services company, headquartered in Mumbai, Maharashtra, India. In terms of market capitalization, 3rd biggest bank of India and in terms of assets, it was the 2nd biggest bank in India. The bank offers variety of banking products and financial services for corporate and retail customers. Bank offers products such as Credit cards, Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, Personal Loan, Payment Solutions. Now in this bank ICICI credit card bill payment online is also possible. With State Bank of India, Bank of Baroda and Punjab National Bank, this bank is one of the Big 4 banks of India.

    Kotak Mahindra Bank

    Kotak Mahindra Bank is a private sector bank, which came into existence in the year 1985. On the basis of market capitalization, the bank is 4th leading Indian private sector bank, headquartered in Mumbai, Maharashtra. In Indian banking history, Kotak Mahindra Finance Ltd. is the 1st company, which converted into a bank.

    The bank has more than 641 branches and above 1159 ATMs widen across 363 locations in country as on 30th September 2014. This bank various products to its customers such are Business banking solutions, Deposit accounts, Loans, Investment services, Treasury and Fixed income products etc. the bank has won many awards like Gold Award for Best Innovation, National Securities Depository Ltd. (NSDL) award etc.

    Axis Bank

    In India, Axis Bank is 3rd biggest private sector bank and it came into existence in the year 1990. It offers financial services to client –segments, which cover MSME, Retail Businesses, Agriculture and Large and Mid-Sized Corporate. In India, the bank has 2402 branches and extension counters and 12922 ATMs and In India, bank has biggest ATM network among private banks.

    Axis-bank-credit-card-status

    Outside India, the bank has 8 international offices with branches at Singapore, Hong Kong, Dubai, Shanghai, and Colombo. The bank operates its services in 4 segments such as Treasury operations, Retail banking, Corporate/Wholesale banking and other banking business. Bank offers products such as finance and insurance, investment banking, wealth management private banking, private equity, consumer banking, mortgage loans, corporate banking and Credit cards. Know Axis bank credit card status online from the official website.

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    IndusInd Bank

    IndusInd Bank Limited is Indian new generation bank, headquartered situated in Mumbai. The bank was founded, in the year month of April 1994. This Bank offers commercial, electronic and transactional banking products and services to its customers. In India, This is 1st among the new-generation private banks. As of May 2015, IndusInd Bank has 745 branches and 1635 ATMs widen across 392 geographic places of the country. The bank also has office in London and Dubai. By 2017, The bank has also planned to double the branches added up to 1200. This bank has been ranked  the 6th Most Trusted Private Bank in India.

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