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List Of Top Private Banks In India And Its Headquarters

Today we will talk about the best private bank in India. India's banking industry is the largest and most developed industry in the Indian economy. Private Banks play an important role in the banking sector in India. And their valuations are mostly higher than those of nationalized banks. Criteria to be ranked in the top 10 banks in India require attendance, customer service and support, market capitalization, asset size, loan book and trust. We will see at the top private banks.

Here you will find information about the top 10 best private banks in India. Below we will see the list of Private Bank of India.

1. HDFC Bank


List Of Top Private Banks In India And Its Headquarters

- : HDFC Bank is the first largest of the private banks. HDFC Bank Limited is a financial services company. In 2019, HDFC Bank BrandedZ was ranked 60th in the Top 100 Most Valuable Global Brands. HDFC Bank has a market of over Rs 6, 00,000 crore making it the largest bank in the list of top 10 private banks in India.

- : The first corporate office of HDFC Bank was inaugurated by Union Finance Minister Manmohan Singh. As of 2019, the bank's distribution was at 5,500 branches in 2,764 cities. The bank also installed 430,000 POS terminals and issued 23,570,000 debit cards and 12 million credit cards in 2017.

- : HDFC Bank offers the following services: Wholesale Banking, Retail Banking, Treasury, Auto Loan, Two Wheeler Loan, Personal Loan, and Loan against Property, Consumer Sustainable Loan, Lifestyle Loan and Credit Card.

- : In 2000, HDFC Bank merged with Times Bank, the first private bank to be merged. Times Bank was founded by Bennett, Coleman and Co. Ltd., also known as the Times Group. In 2008, HDFC Bank was acquired by Saturn Bank. In 2020, the bank invested Rs 1,000 crore in Yash Bank. An HDFC Bank manager was arrested in Odisha for fraud of Rs 59.41 lakh.

Founded : August, 1994
Founder : Hasmukhbhai parekh
CEO : Aditya puri
Headquarter : Mumbai, Maharashtra, india
Industry : Financial services
Revenue : US$16 billion (2019)
Net income : US$3.0 billion (2019)
Total assets : US$170 billion (2019)
Number of employees : 104,154

2. ICICI Bank


ICICI Bank

- : Services provided by ICICI Bank: A variety of delivery channels for corporate and retail customers and banking products and financial services by specialized subsidiaries in the areas of investment banking, life, non-life insurance and asset management.

- : ICICI Bank has a network of 5,275 branches and 15,589 ATMs in India. And the bank has a presence in 17 countries, including India. ICICI Bank's subsidiaries are located in Canada, United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Center, China and South Africa.

- : In 1987, ICICI Bank teamed up with UTI to establish India's first professional credit rating agency. ICICI Bank Ltd. NCDEX was established by LIC, NABARD, NSE, Canara Bank, Indian Farmers Fertilizer Cooperative Ltd. and Punjab National Bank.

- : In 2006, ICICI Bank facilitated the establishment of "FINO Cross Link to Case Link Study". ICICI Bank enables FINO financial institutions to envision, develop and implement projects to support microfinance and livelihoods sector initiatives, using technologies such as smart cards, biometrics and support services basket.

- : Following the enactment of the Securitization Act in 2002, ICICI Bank, along with other entities, established Asset Reconstruction Company Limited in 2003. In 2000, ICICI Bank helped set up India's first National Credit Bureau. Services provided by ICICI Bank: Provides products and services such as money transfer and tracking services, loans, automatic lockers, credit cards, debit cards and digital wallets.

Founded : 5 January, 1994
Founder : Industrial credit and Investment Corporation of India
CEO : Sandeep bakhshi
Headquarter : Mumbai, India
Industry : Banking, Financial services
Revenue : US$9.5 billion (2019)
Net income : US$940 million (2019)
Total assets : US$140 billion (2019)
Number of employees : 84,922 (2019)

3. Kotak Mahindra Bank


Kotak Mahindra Bank

- : Kotak Mahindra Bank is the third largest private bank in India. Kotak Mahindra Bank offers a wide range of banking products and financial services to corporate and retail customers in the areas of personal finance, investment banking, general insurance, life insurance and asset management. Kotak Mahindra Bank is the third largest bank in the list of top 10 private banks in India with a market capitalization of over Rs 2,80,000 crore.

- : In February 2003, the Reserve Bank of India issued a banking license to Kotak Mahindra Finance Limited. Kotak Mahindra Bank provides banking products and financial services to corporate and retail customers in the areas of personal finance, investment banking, life insurance and asset management.

- : Kotak Mahindra Bank is ranked 245th among the top 500 banks in the world. Total employment in Kotak Mahindra Bank reached around 40,000. The number of Kotak Mahindra Bank branches reached 1,261. Following the merger, Kotak Mahindra Bank holds 7% stake in ING Group.

Founded : February 2003
Founder : Uday kotak
CEO : Uday kotak
Headquarter : Mumbai, india
Industry : Banking, Financial services
Revenue : US$4.1 billion (2019)
Net income : US$560 million (2019)
Total assets : US$31 billion (2019)
Number of employees : 33,013 (2017)

4. Axis Bank


Axis Bank

- : Axis Bank is the fourth largest private sector bank in India. According to Axis Bank 9 overseas offices in 2019, there are 4,050 branches, 11,801 ATMs and 4,917 cash recyclers spread across India. Axis Bank employs more than 55,000 people. The bank has a market capitalization of over Rs 1, 90,000 crore.

- : On 12 August 2016, Axis Bank had a network of 4,094 branches and extension counters and 12,922 ATMs. Services provided by Axis Bank: Card Services, Internet Banking, Automated Teller Machine Services, Depository, Financial Advisory Services and Non-Resident Indian Services.

Founded : 1993
Founder : Amitabh chaudhry
CEO : Amitabh chaudhry
Headquarter : Mumbai, india
Industry : Finance, Banking, Financial services
Net income : US$660 million (2019)
Total assets : US$110 billion (2019)
Number of employees : 1, 30,000 (2017)

5. IndusInd Bank


IndusInd Bank

- : IndusInd Bank is the fifth largest private bank in India. IndusInd Bank provides commercial, practical and e-banking products and services. IndusInd Bank has 1,558 branches spread across 2453 ATMs. IndusInd Bank has a market capitalization of over Rs 1000 crore.

- : Romesh Sobti joined the bank in 2007-08 as Managing Director and CEO. Services of IndusInd Bank: Provides services like Branch Banking, Consumer Finance, Corporate Banking & Finance, Commercial & Transaction Banking, Cash Management Services, Business Services Utility, Depository Operations, Treasury Operations, and Asset Management Services etc.

Founded : 1994
Founder : S.P.hinduja
CEO : Sumant kathpalia
Headquarter : Pune, India
Industry : Banking, Financial services
Revenue : US$2.6 billion (2017)
Net income : US$400 million (2017)
Total assets : US$25 billion (2017)
Number of employees : 25,314 (2016)

6. Bandhan Bank


Bandhan Bank

- : Bandhan Bank is the sixth largest private bank in India. Bandhan Bank serves over 19 million customers across India. The bank has deposits of about Rs 43,232 crore and outstanding loans of about Rs 44,776 crore. The bank has branches in 34 out of 36 states and union territories of India.

- : In June, 2015, the Reserve Bank of India issued a universal banking license to Bandhan Bank. This year, Bandhan Bank started operations with 501 branches, 50 ATMs and 2,022 DSCs. Bandhan Bank started its microfinance operations from a village called Baganan, 60 km from Kolkata.

Founded : 23August, 2015
Founder : Chandra shekhar ghosh
CEO : Chandra shekhar ghosh
Headquarter : Kolkata, india
Industry : Banking, Financial services
Net income : US$160 million (2017)
Total assets : US$4.2 billion (2017)
Number of employees : 37,331 (2019)

7. Yes Bank


Yes Bank

- : Yes Bank is the seventh largest private bank in India. Most of Yes Bank's income comes from syndicate loans. The bank had a market capitalization of over Rs 25,000 crore. Yes Bank has 3 subsidiaries: Yes Bank, Yes Capital and Yes Asset Management Services. In 2018, Yes Bank took syndicated loans from eight major international companies, including ADB, OPIC, European Investment Bank, and Taiwanese and Japanese banks. The amount ranges from US$ 30 million to US$ 410 million.

- : Yes Bank provides a number of unified payments interface services. In 2020, UPI was responsible for handling 1.31 billion transactions. Yes Bank owns equities listed on the Bombay Stock Exchange and the National Stock Exchange of India and bonds listed on the London Stock Exchange.

- : In 2017, Yes Bank launched Digital Wallet Yes Pay in association with BHIM and UPI. In 2018, Yes Bank had 43% foreign portfolio investors, 14% insurance companies, 10% mutual funds like UTI. In 2020, State Bank of India invested Rs 7,200 crore in Yes Bank in a difficult financial situation.

Founded : 2004
Founder : Rana kapoor
CEO : Prashant kapur
Headquarter : Mumbai, India
Industry : Banking, Financial services
Revenue : US$3.6 billion (2018)
Net income : US$210 million (2019)
Total assets : US$42 billion (2018)
Number of employees : 18,239 (2016)

8. IDFC First Bank


IDFC First Bank

- : IDFC Bank is the eighth largest private bank in India. The bank has a market capitalization of over Rs 20,000 crore. IDFC Bank has five subsidiaries: IDFC Bank, IDFC MF, IDFC Alternative, IDFC IDF and IDFC Securities. In 2014, the non-operative financial holding company IDFC Financial Holding Company Limited was established.

- : IDFC Bank has 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata till 2015. The bank opened its 100th branch in Karnataka by 2017. In 2018, IDFC Capital First Ltd. merged with NBFC. IDFC Bank has launched the first cashless merchant solution in India. The bank was signed by Amitabh Bachchan as the first brand ambassador.

Founded : 2015
Founder : Rajiv lall
CEO : V. vaidyanathan
Headquarter : Mumbai, India
Industry : Banking, Financial services
Revenue : US$120 million (2017)
Net income : US$140 million (2017)
Total assets : US$16 billion (2017)
Number of employees : 7,043 (2018)

9. Federal Bank


Federal Bank

Federal Bank ranks second among private banks in India. About 8 million people depend on this bank. It has more than 1.2 million NRI customers. Federal Bank was started in Netrampuram with a capital of Rs 5000. After 1949, the bank was renamed Federal Bank Limited. The bank opened a foreign office in Abu Dhabi in 2008. In 2016, Dubai opened another foreign office in the UAE. Until 2020, the bank is the main sponsor of Federal Bank Northeast United.

Founded : 23 April, 1931
Founder : K.P. hormis
CEO : Shyam srinivasan
Headquarter : Kerala, India
Industry : Banking, Financial services
Revenue : US$1.8 billion (2019)
Net income : US$107 million (2019)
Total assets : US$22 billion (2019)
Number of employees : 12,500+ (2019)

10. DCB Bank


DCB Bank

- : DCB Bank ranks tenth among private banks in India. The bank has a network of 331 branches and 505 ATMs. The easiest way to open an account in this bank. To open an account, NRI customers can open a DCB NRI account from anywhere in the world. All they have to do is log in to this website. This duty is available 24 hours a day.

- : Services provided by DCB Bank: Loans for small and medium enterprises and medium corporate customers, equity credit lines, loans against gold, commercial vehicle loans and small business loans. In addition, the bank's Agri & Inclusive Banking includes tractor loans, loans against gold, warehouse finance, loans against warehouse receipts, dairy and farm loans, loans for microfinance institutions and other products.

Founded : 1930
Founder : Nasser Munjee
CEO : Murali M. Natrajan
Headquarter : Mumbai, india
Industry : Banking, Financial services
Revenue : US$290 million (2017)
Net income : US$28 million (2017)
Total assets : US$3.4 billion (2017)
Number of employees : 4,979 (2017)