Private Banks in India
Private Banks Role in Indian Economy
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. Thankfully for us, as many as 12 Public Sector and 22 Private Sector Banks are efficiently serving the heterogeneous population of the nation. Here we can see the list of top 10 Private banks in India 2021 as per RBI. If you have been wondering about the best private banks in India, we have consolidated just the right list for you.
Top 10 Best Private banks in India 2021
| Bank Name | Total Branches | Total ATMs | City of Headquarter |
| HDFC Bank | 5,314 | 13,514 | Mumbai |
| ICICI Bank | 5,324 | 15,688 | Mumbai |
| Axis Bank | 4,528 | 12,044 | Mumbai |
| Kotak Mahindra Bank | 1,600 | 2,519 | Mumbai |
| Yes Bank | 1,000 | 1,800 | Mumbai |
| Federal Bank | 1,252 | 1,696 | Aluva |
| IndusInd Bank | 1,558 | 2,453 | Pune |
| RBL Bank | 386 | 394 | Mumbai |
| J&K Bank | 1,038 | 1,340 | Srinagar |
| South Indian Bank | 871 | 1,500 | Thrissur |
1. HDFC Bank
source: TheIndianWire
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.
2. ICICI Bank
Source: iimjobs
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.
3. Axis Bank
Source: AxisBank
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 third largest bank in India in 2021.
4. Kotak Mahindra Bank
Source: Kotak
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.
5. Yes Bank
Source: YesBank
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 a 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.
Common Facilities offered are:
Loans: Bank offers Home Loan, Personal Loan, Loan Against Property, Loan Against Securities, Education Loan, Pre-owned Car Loan, Two Wheeler Loan, Three Wheeler Loan, Gold Loan, Loan on Credit Card, Loan Against Car, Business Growth Loan, and so on.
Cards: The bank offers various cards under Credit Cards, Debit Cards, Millennia Cards, Commercial Credit Cards, Prepaid Cards, and Forex Cards categories.
Accounts: You can open Savings Account, Salary Account, Current Accounts, Rural Accounts, Sukanya Samridhi Account, Public Provident Fund, and Demat Accounts with the bank.
Deposits: The bank offers deposit facilities under Fixed Deposit, Recurring Deposit, Non-Withdrawal Deposits, and My Passion Fund.
Insurance: The bank has many insurance products under Life Insurance, Health & Accident Insurance, Vehicle Insurance, Travel Insurance, Home Insurance, and Cyber Insurance categories and also offered various other facilities.
